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IN BRIEF: Aterian hails "extremely encouraging" Tata test results

16th Oct 2023 10:34

Aterian PLC - London-based, Africa-focused miner - Says latest sampling at Tata project, in southern Morocco's Anti-Atlas Mountains, reports up to 7.02% copper mineralisation within two stratigraphic horizons and visible on surface. Combined strike length with visible mineralisation extends over 18 kilometres. Data review indicates an as-yet untested strike length of around 26 kilometres in the prospective Adoudou formation and at least a further nine kilometres in the lower Cambrian Tata Group sediments.

Chair Charles Bray says: "These new results from the Tata project are extremely encouraging...We have created a strong asset portfolio in Morocco and are seeing positive results from our fieldwork on several projects. At Aterian, we firmly believe that projects like Tata have the potential to deliver tremendous value to the company, its shareholders and other stakeholders. They also allow us to potentially supply the metals and minerals critical for a switch to the electrification of society."

Current stock price: 1.00 pence, up 5.3% on Monday in London

12-month change: down 9.1%

By Emma Curzon, Alliance News reporter

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