Strategic Metals Supply
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Aurania Secures New Exploration Licenses in Brittany, France
Newsfileยท 2025-12-10 11:32
Core Insights - Aurania Resources Ltd. has been granted three new exploration licenses for polymetallic metals, including gold, in the Brittany Peninsula of northwestern France through a wholly-owned French subsidiary [1][2] - The French government's decision is seen as an opportunity for local regions to better understand their subsurface resources and secure new metal supplies [2] - The exploration will focus on the South Armorican Shear Zone, which has a history of mineralization including gold, antimony, tungsten, tin, zinc, and copper [4] Exploration Potential - Brittany has a historical significance as a metal producer, with no exploration conducted since the 1980s, indicating significant unexplored potential [3] - Modern exploration technologies could position the Brittany Peninsula as a highly prospective area for mineral exploration [3] - Initial studies by the French Geological Survey confirmed the presence of gold and strategic metals over more than 150 km along the shear zone, with some areas showing exceptional grades [2] Strategic Importance - The Armorican Massif is highlighted as a candidate to meet Europe's growing demand for strategic metals, particularly in light of the European Union's Critical Raw Materials Act, which aims to secure 10% of metal supply from within Europe by 2030 [7] - The French government has shown support for the mining industry, aligning with the objectives of the new national mineral inventory [7][18] - Aurania's selected areas for exploration align with the EU's strategic goals and show strong potential for metals such as antimony, tungsten, tin, zinc, and silver, with by-products of indium [7] Next Steps - The company plans to engage with stakeholders, including local landowners, and prepare for an airborne geophysical survey and subsequent field activities [12]