morocco & green metals

The New Frontier

In Morocco, Aterian is advancing a portfolio of 15 primarily copper and silver projects, covering 762 km2 with the Company holding a 100% interest.

These projects are targeting copper and silver, as well as base metals, that are experiencing growing demand globally from the drive towards electrification and from use in renewable energy production



  • 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.
  • Contains approximately 75% of the world’s known phosphate reserves, but is also prospective for precious and base metals, as well as minerals such as fluorspar, barite, cobalt and antimony.
  • Only c.35% of the country mapped, the country remains under-explored.
  • International exploration companies already active.
  • Copper (LME cash) : US$ 7,815 / t [Sept 2022].
  • Silver (Kitco) : US$ 19.12 / oz [Sept 2022].
Aterian Critical & Strategic Projects
Aterian Anti-Atlas Projects

AGDZ : our principal project

AGDZ Copper-Silver Project

  • The 34.4 km2 Agdz Project 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).
  • At Agdz, 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 : 9.3m @ 95 g/t Ag & 1.25 % Cu, and 14.1m @ 36.5 g/t Ag & 0.65 % Cu.
  • Strong structural control on Cu-Ag mineralisation, hydrothermal alteration packages up to 33 m wide in places.
  • EIA completed specifying baseline environmental conditions.

Agdz : Multiple targets identified

Agdz Main Prospects

Amzwaro Prospect:

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. 

Miniere Prospect:

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.

Makarn Prospect:

Mineralised dykes, shears and veins over 2.8 km strike length with rock chip grades of 8.0 % Cu and 448 g/t Ag. New prospect at Makarn North with rock chip grades of 3.5 % Cu and 308 g/t Ag 

Aterian AGDZ - Prospect Locations
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Prospective green metal portfolio

14 Other Projects

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.
  • Recently awarded permits in the Eastern Anti-Atlas are highly prospective for sedimentary-hosted copper mineralisation.
  • Takzim: assay grades up to 9.18 % Cu, 4.69 % Zn & 0.15 % Co
  • Izougza: initial assay grades up to 8.37 % Cu in breccia
  • Azrar: 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.
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