OzAurum Resources Ltd. (AU:OZM) has released an update.
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OzAurum Resources Ltd. is advancing its mining efforts with the start of diamond drilling at the Boca Rica Lithium Project in Brazil, which shows potential for a significant lithium discovery with a spodumene zone already identified. The company is also expanding its exploration portfolio with applications lodged for tenure in areas prospective for Niobium and Rare Earth Elements (REE), aiming to capitalize on these opportunities within a few months. Furthermore, OzAurum has withdrawn from the Jaime Linopolis Lithium project due to non-delivery of mineral rights, allowing them to concentrate resources on Boca Rica, where they are well-funded with A$1.4 million in cash.
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