Explaurum Ltd (ASX: EXU) is a Perth-based junior exploration company focussed on the discovery of significant gold and base metal deposits.
In June 2013 Explaurum acquired a 100% interest in the Lyons Project, which is located in central Western Australia and is prospective for gold and base metals.
The Lyons Project comprises four exploration licence and licence applications totalling 1,560km2 located about 230km northwest of Meekatharra. Work to date is at an early stage but has confirmed the presence of extensive stratabound hydrothermal alteration and polymetallic mineralisation.
Explaurum also has a 60% interest in the Maniema Gold and Tin Project in the Democratic Republic of Congo (DRC) in central Africa. Explaurum is currently assessing the potential of all targets previously identified at Maniema before planning any further exploration.
Explaurum is also reviewing new project opportunities to complement the existing asset portfolio.