OzAurum Resources (ASX: $OZM) Brazil Exploration Update

OzAurum Resources Ltd (ASX: $OZM) is set to commence drilling at the Boca Rica Lithium Project in Brazil, following the identification of a spodumene zone and the expectation of receiving environmental permits in the next 3 - 4 weeks. The company also has applications lodged for tenure prospective for Niobium and Rare Earth Elements (REE) adjacent to known Brazil carbonatite complexes at Catalao II Project and Salitre. With approximately A$1.6 million cash on hand, the company remains well funded to undertake its exploration strategy in Brazil.

Executive Commentary on Brazil Exploration

The Boca Rica project offers us scale with 3,871ha that provides the opportunity to make a significant lithium discovery and has been the culmination of extensive fieldwork in Brazil looking for opportunities like this. Once we have received the environmental permits we will immediately mobilise the company owned diamond rig to site to begin diamond drilling. The company will pay A$181,818 in the next 6 weeks and secure the right to complete exploration over the next 12 months on Boca Rica, Antares and Braspedras without any further 'Consideration Payments' thus providing ample time to assess the lithium prospectivity of these projects. As well we are still actively negotiating on other additional advanced lithium acquisition opportunities. We are very excited by the Brazil lithium, niobium + REE opportunities and look forward to exploring and providing updates to shareholders.

Summary of Brazil Exploration Update

OzAurum Resources Ltd (ASX: $OZM) is making significant progress in its Brazil exploration, with plans to commence drilling at the Boca Rica Lithium Project and applications lodged for Niobium and REE tenure. The company remains well funded and is actively negotiating on additional advanced lithium acquisition opportunities. The Brazil region has experienced adverse weather conditions, impacting field activities, but the company is hopeful for improved weather in the coming weeks. With extensive opportunities in lithium, niobium, and REE, OzAurum Resources is poised for further exploration and potential discoveries in Brazil.