Aterian PLC

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Aterian Morocco: A leading explorer in a top mining jurisdiction. Developing a scalable Copper-Silver portfolio. LSE: ATN.

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In Morocco, Aterian is advancing a portfolio of primarily copper and silver projects.

Tier-1 Investment Destination : stable constitutional monarchy, with modern transport & power infrastructure.

5 years tax exemption for foreign firms, subsidies for large investments.

Foreign firms benefit from free profit repatriation.

Favorable Mining Code with new mining legislation implemented in 2016.

Proven mineral wealth – phosphate, silver, gold, base metals & industrial minerals being mined.

Only c.35% of the country mapped, the country remains under-explored.

Projects 100% owned by our subsidiary companies.

A Leading Hub for Critical Minerals & Investment

 is a key pillar of the country’s economy, contributing approximately 

, a critical raw material for fertilizers, and is rapidly expanding into 

copper, silver, cobalt, and rare earth minerals

—essential for battery technologies and the global energy transition.

, Morocco’s state-owned phosphate giant, dominates global fertilizer production, while a modernized 

. International investors are drawn to Morocco’s 

stable political environment, strong infrastructure, and proximity to European markets

, making it one of Africa’s most attractive destinations for 

Moroccan Ministry of Energy, Mines, and Environment (MEM)

sustainability, environmental compliance, and responsible resource management

green hydrogen projects, renewable energy integration, and advanced mineral processing facilities

increased global demand for critical minerals

foreign direct investment, partnerships, and supply chain integration

Explore the FAQs below to learn more about Morocco’s mining sector, investment climate, and latest developments.

What are the primary minerals produced in Morocco?

Morocco is the world’s largest producer of 

significant production of copper, silver, lead, zinc, cobalt, manganese, barite, and fluorspar

. The country is also expanding its focus on 

 such as lithium and rare earth elements.
📌 

How significant is the mining sector to Morocco’s economy?

diversifying the sector into base metals and battery minerals

 Moroccan Ministry of Energy & Mines (MEM)

What investment opportunities exist in Morocco’s mining sector?

Morocco offers investment opportunities in 

exploration, extraction, and mineral processing

leading destinations for mining investments

What role does the OCP Group play in Morocco’s phosphate industry?

OCP Group (Office Chérifien des Phosphates)

the world’s largest exporter of phosphate and phosphate-based products

. Established in 1920, OCP controls Morocco’s vast phosphate reserves and plays a major role in 

green hydrogen and sustainable mining technologies

How has Morocco’s mining sector evolved in terms of governance and regulations?

greater transparency, improved environmental impact assessments, and tax incentives

What measures are in place to ensure sustainable mining practices in Morocco?

, requiring mining companies to implement 

reclamation plans, water recycling initiatives, and CO₂ reduction strategies

How does Morocco’s mining sector compare globally?

Africa’s second most attractive mining investment destination

Fraser Institute Mining Attractiveness Index

rich resource base, stable regulatory environment, and strong global trade relationships

 Fraser Institute Annual Survey of Mining Companies

What infrastructure supports the mining industry in Morocco?

one of the most developed mining infrastructures in Africa

, giving direct access to European and international markets.
📌 

 Morocco Investment and Export Development Agency (AMDIE)

What are the latest developments in Morocco’s mining sector?

renewable energy, green ammonia production, and infrastructure to support phosphate mining

commitment to sustainable mining and energy transition

Multiple zones up to 2 km long and 200 m wide, individual alteration zones up to 33 m in width. Results include rock chip grades of 4.82 % Cu,  189 g/t Ag and 1.91 g/t Au. RC drilling reported 

150 m x 90 m wide area over historic mining complex, exploiting multiple sub-parallel copper-bearing zones. Results include rock chip and spoil sample grades of 13.05 % Cu, 12.90 g/t Ag and 0.49 g/t Au. Hosts several U/G workings following sub-parallel alteration zones that returned rock chip samples of 13 % Cu, 6.0 % Cu & 5.0 % Cu.

Mineralised dykes, shears and veins over 2.8 km strike length with rock chip grades up to 26.5% Cu and 448 g/t Ag. New prospect at Makarn North with rock chip grades of 3.5 % Cu and 308 g/t Ag. RC drilling reported 

A "new" copper - silver - gold and poly-metallic frontier.

Primarily targeting Copper – Silver, in addition to Au, Sn, Zn & Pb

Projects are located mainly in the Anti-Atlas Mountains, as well as the High Atlas and Central Morocco.

The Anti-Atlas is highly prospective for sedimentary-hosted copper.

: up to 7.02 % Cu from sediments, over 32 km of mineralised strike

: up to 4.43 % Cu from quartz-carbonate vein swarm

: initial assay grades up to 3.41 % Cu and 56 g/t Ag in breccia and 1 % Cu and 16 g/t Ag from ferruginous stratiform sample. 0.82 g/t Au and 0.63 % Cu over 9.0 m from surface chip channel targeting northerly strike quartz veins

Morocco & Green Metals: The New Frontier, Powered by AI

In Morocco, Aterian is advancing a highly prospective portfolio of copper and silver projects across the Anti-Atlas region. 

These metals are experiencing unprecedented global demand driven by the rapid shift toward electrification and renewable energy infrastructure.

To meet this demand, we are deploying next-generation Artificial Intelligence (AI) and machine-learning tools across our datasets. 

This advanced, data-driven approach has recently delivered three high-priority exploration targets in-country, allowing us to accelerate discovery, significantly de-risk our pipeline, and deploy shareholder capital with maximum efficiency.

is located in the Neoproterozoic Sidi Flah-Bou Skour inlier, part of the  Saghro Massif, in the eastern Anti-Atlas Mountains.

Situated within an active mining district, located 14 km from operational Bou Skour Cu-Ag Mine (Managem).

High-grade Cu-Ag and Au mineralisation on 5 key prospects defined to date.

Rock sampling includes 448 g/t Ag, 26.50 % Cu and 3.74 g/t Au

Reconnaissance trenching : 12.7m @ 0.41 % Cu & 15.2 g/t Ag, and 14.1m @ 0.65 % Cu & 36.5 g/t Ag.

Strong structural control on Cu-Ag mineralisation, hydrothermal alteration packages up to 33 m wide in places.

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