Altus Strategies’ wholly owned subsidiary Aterian Resource has secured new zinc and copper exploration licences in Morocco.

The newly granted licences cover the Ammas, Takzim Est and Arfa projects over a total area of 87.55km².

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Located 3km along the Hajjar VMS zinc-copper mine, Ammas comprises two exploration licences, covering an area of 31.75km² in the Guemassa Massif, 30km south of Marrakesh in northern Morocco.

“The award of these strategically located exploration licences in Morocco is an exciting addition to our exploration pipeline.”

The Takzim Est licence is located 6km east of the company’s Takzim zinc project, and the Arfa licence is situated in the Oriental province in the north-eastern part of the country.

Altus Strategies chief executive Steven Poulton said: “The award of these strategically located exploration licences in Morocco is an exciting addition to our exploration pipeline.

“The licence areas were selected on the basis of our remote sensing programmes across terrains considered to be prospective for zinc, copper and other base metals.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company has started an initial reconnaissance phase of exploration at Ammas, which is located in a mining district that hosts several ‘VMS type’ deposits, including the Hajjar zinc-copper-lead mine.

Poulton added: “Encouragingly our geologists are reporting the discovery of quartz stockworks and gossanous material in outcropping meta-volcanics and meta-siltstones at Ammas.”

Upon completion of the exploration at Ammas, the field team is expected to move to Takzim Est and Arfa.

All the licences are valid for an initial three-year term, with option to renew for a further term of four years.

Takzim Est comprises three exploration licences, totalling 39.8km², located in eastern Jebilet, 35km north of Marrakesh, while Arfa contains one exploration licence, covering an area of 16km².