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Projects & Royalties

Toura

Project: Toura
Commodity: Nickel
Royalty: 0.5-1.0% NSR
Subsidiary: Aeos Gold Ltd
Location: Ivory Coast
Deposit Style: Laterite plateaux
Key Attributes: Historic Ni occurrences
Asset Stage: Under application
Results: n.a.
Next Phase of Work: Reconnaissance & prospecting
Deal Partner: Firering Holdings Limited
Deal Terms: €15k + 0.5-1.0% NSR (Ni price dependent)

Project Overview

The 169 km2 Toura application is located in west Cote d’Ivoire, a 45 minute drive on laterite roads from the town of Biankouma and 1 hour 15 minutes from the regional capital, Man. The application was selected due to the presence of historically mapped orthopyroxene and olivine rich norite intrusives located in a Birimian granite-greenstone belt within a highly weathered, lateritised environment prospective for Ni-Co laterite deposits.

Exploration Programme

Altus selected Toura based upon an extensive process of desk-based remote prospectivity mapping. This work comprised a review of available datasets, including historical mineral occurrences, geological maps and satellite-borne remote sensing data. Toura is adjacent to Foungouesso and with 40 km of the Silipou Ni-Co laterite projects operated by Nickel de l’Ouest and 35 km from Sama Resources’ (TSX-V : SME) Samapleu project with a Ni 43-101 resource of 33.18 Mt at 0.269% Ni equivalent (measured and indicated) and 17.78 Mt at 0.248% Ni equivalent (inferred). A first phase reconnaissance exploration programme will include an assessment of the priority targets identified from remote prospectivity mapping.

  • Tar road
    Tar road
  • Laterite road
    Laterite road
  • Access track
    Access track

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