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Auroch Minerals Ltd  ASX:AOU

Company

Current Price

First Coverage

Date

Price

5 Day VWAP

VWAP Returns

Our Entry Price

Our Returns

$ 0.175

24-Mar-21

$ 0.215

$ 0.218

-20%

$ 0.250

-30%

Report Date Price Current Return
WA Nickel Developer in Close Proximity to BHP’s Smelter 24-Mar-21 $0.215 -19%
This ASX Stock to Help BHP Help Tesla? 24-Mar-21 $0.215 -19%
AOU Delivers Us An Early Result 31-Mar-21 $0.250 -30%
How Our Investments Performed in Q1 of 2021 21-Apr-21 $0.205 -15%
Promising Signs for a Potential New Nickel Sulphide Discovery 28-Apr-21 $0.185 -5%
AOU is Drilling a High Priority Nickel Target Now 06-May-21 $0.230 -24%
AOU to Drill for Nickel Underneath Historic Nickel Mine 23-Jun-21 $0.15 17%
AOU finds new drill target – so good they decide to drill it immediately 07-Jul-21 $0.180 -3%
Tesla inks Nickel deal with BHP – AOU Drilling for Nickel near BHP smelter 23-Jul-21 $0.197 -11%
The Great WA Nickel Race has Begun 29-Jul-21 $0.205 -15%
AOU starts Scoping Study as 6 hole Nickel drilling campaign commences 01-Sep-21 $0.165 6%

ASX:AOU

Our Current Returns

-30%

Current Price

$ 0.175

First Coverage

24-Mar-21

$ 0.215

5 Day VWAP

$ 0.218

VWAP Returns

-20%

Our Entry Price

$ 0.250

Our Current Returns

-30%

Past Coverage
WA Nickel Developer in Close Proximity to BHP’s Smelter
This ASX Stock to Help BHP Help Tesla?
AOU Delivers Us An Early Result
How Our Investments Performed in Q1 of 2021
Promising Signs for a Potential New Nickel Sulphide Discovery
AOU is Drilling a High Priority Nickel Target Now
AOU to Drill for Nickel Underneath Historic Nickel Mine
AOU finds new drill target – so good they decide to drill it immediately
Tesla inks Nickel deal with BHP – AOU Drilling for Nickel near BHP smelter
The Great WA Nickel Race has Begun
AOU starts Scoping Study as 6 hole Nickel drilling campaign commences

Overview

📋  About: AOU is a nickel sulphide focused base-metal resource company building value through targeted high-impact exploration in Western Australia. AOU has three nickel projects in WA.

🌏  Macro Theme: Tesla chief executive Elon Musk commented that nickel was the company’s “biggest concern” in scaling lithium-ion cell production. Nickel is one of the priority metals in the manufacture of Tesla’s batteries and the car giant is looking to increase its nickel supply. There may also be some direct investment from other auto manufacturers who have expressed a desire to move to a vertically integrated model whereby they have better control over the supply chain in relation to commodity inputs. From a longer term perspective, analysts are generally expecting tailwinds for the nickel price due to increasing demand from the electric vehicle industry. The World Bank predicts that Nickel demand is guaranteed to increase by some of the most dramatic figures by tonnes.

Auroch Company Milestones

Portfolio Launch
🌎 Tesla Deal with BHP
🔄 10c options conversion (November 30th 2021)
🔲 Project Funding 1
🔲 Project Funding 2
🔲 Unexpected Positive Announcement 1
🔲 Unexpected Positive Announcement 2
🔲 Unexpected Positive Announcement 3

Nepean

Main ‘Nepean Deeps’ Drilling Event

🔄 Drilling 3,000m (Nepean Deeps) – 6 diamond drill holes beneath historic nickel mine
🔲 Downhole EM Surveys at Nepean Deeps drill holes
🔲 Assays Results 1
🔲 Assays Results 2

Additional Project Milestones

✅ RC Drilling Programme 1 (shallow)
🟩 Assay Results
Nickel Sulphide Mineralisation identified along strike
✅ RC Drilling Programme 2 (shallow)
🟨 Assays Results 1
🟨 Assays Results 2
Diamond Drilling (shallow target around Nepean )
🟩 Assays Results
✅ Moving Loop Electromagnetic Surveys
Drill Targets Identified
🔲 Results from Drill Testing
✅ Scoping Study Begins
🔲 JORC Resource Estimate

Leinster

✅ 1,200m Diamond Drilling (Horn)
✅ Assays Results
✅ 1,800m RC Drilling Programme (Horn)
✅ Assay Results
✅ Down Hole EM Survey
🔲 New Milestones Added

Saints

✅ Scoping Study Begins
🔲 New Milestones Added

AOU Investment Milestones

Initial Investment: @ 25c
🔲 Increase Investment
🔲 Increase Investment
🔲 Price increases 250% from initial entry
🔲 Price increases 500% from initial entry
🔲 Price increases 1000% from initial entry
🔲 12 Month Capital Gain Discount
🔲 Free Carry
🔲 Take Profit
🔲 Hold remaining Position for next 2+ years

”Expected Company Milestones” are based on the company’s publicly available execution plan and some assumptions made by our team on potential announcements that should de-risk the investment. “Our investment milestones” show our current long-term investment plan. Early stage investments are risky and there is no guarantee that the expected events will occur. The lists are not in sequential order.

Key

🔲 Expected Milestone
✅ Achieved Milestone
🟩 Above Average Result
🟨 Average (Expected) Result
🟧 Below Average Result
🟥 Negative Result
🌎 Macro Event
⚔️ Results from Other Company / Project
🔄 In Progress
[UPA] Unexpected Positive Announcement
[NEW] New Milestone Added

Why We Invested

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Tight capital structure
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Potential quick translation from exploration to production
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Proximity to processing facilities
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Previous management believed the resource extended beneath the historic mine
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AOU has existing Nickel resources of over 1.6m ton at 2% Nickel
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