Orosur Mining Inc. provided an update on exploration progress at its new Lithium West Joint Venture in Nigeria. Details: As announced on Oct 16th 2023, the Company has entered into a Joint Venture ("JV") with Nigerian companyurassic Mines Ltd. ("Jurassic"), whereby Orosur, via a new 100% owned UK subsidiary, Lithium West Limited ("Lithium West"), may earn up to 70% equity in the Project by spending USD 5 million over 5 years in two phases: Phase 1 - Lithium West can earn 51% equity in the Project by spend a total of USD 3 million over a maximum of three years. Phase 2 - Lithium West can earn an additional 19% equity in the Project, up to a total of 70%, by spending an additional USD 2 million over a maximum of two years.

The Company announced that two additional licences have now been confirmed, taking the total area of prospective land under title to 533km2, representing one of the most dominant land positions in Nigeria. While the total land area within the JV has increased, the new licences are included within the original terms of the JV agreement and thus no additional expenditure is required. The Company continues to assess new licences and opportunities and it is hoped this land position may be added to in the medium term.