Focused on discovery of critical minerals in Brazil and the USA

Focused on discovery of critical minerals in Brazil and the USA

Alderan Resources Limited (ASX: “AL8”) is a critical metals explorer in Brazil and the USA, with a primary exploration focus on seven lithium projects comprising of Governador Valadares, Itambacuri, Itaipe, Carai, Catuji, Minas Novas and Curral de Dentro, in Minas Gerais State, Brazil. The USA exploration projects are centred around the Frisco copper project in Utah.

The Company’s Brazil project portfolio has strong potential for the discovery of lithium deposits.  The projects lie within the ‘Lithium Valley’ district of Minas Gerais within Brazils’ Eastern Lithium Belt, which is home to lithium producers and 40 of Brazil’s top 100 mines.

Lithium mines in Lithium Valley include Companhia Brasileire De Litio’s (CBL) Mina do Cachoeira and Sigma Lithium Corporation’s (NASDAQ: SGML; TSX: SGML) Groto do Cirilo and recently announced lithium resources Latin Resources (ASX: LRS) at Colina and Lithium Ionic (TSX.V: LTH) at Itinga.

In the USA, Alderan’s priority is to evaluate the potential for high grade breccia hosted copper deposits at Frisco where drilling at Cactus mine post closure in 1957 includes intersections of 4.9m @ 6.72% Cu within 43.6m @ 1.69% Cufrom 207.9m downhole, 12.2m @ 3.31% Cu within 22.9m @ 2.06% Cu from 1.5m downhole and 41m @ 1.9% Cu, 0.62g/t Au within 74m @ 1.1% Cu, 0.35g/t Au from 252m downhole.

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Alderan’s interests in the USA include the Detroit, Frisco and White Mountain projects located in under-explored Tintic and Marysvale-Pioche igneous magmatic belts which have a long history of copper, gold and manganese mining.

Exploration completed by Alderan and its partners indicates potential for multiple copper and gold deposit types similar to those in the Bingham, Carlin and Battle Mountain districts. The Detroit project is the company’s focus due to its outstanding potential for a copper-gold-molybdenum mineralised porphyry plus distal disseminated, skarn, intrusive and structure related copper and gold deposits associated with the porphyry.

Alderan’s other major interest is seven lithium exploration project areas covering 472km2 in Brazil’s ‘Lithium Valley’ in mineral rich Minas Gerais State, which is ‘home to 40 of Brazil’s top 100 largest mines.’

This project is targeting margins of lithium- caesium-tantalum (LCT) granites (G4) with pegmatites, indicator minerals & artisanal mining within and peripheral to project areas.

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