Aya Gold & Silver expands exploration in Morocco

Aya Gold & Silver has acquired a important exploration portfolio successful Morocco for Dh10m ($1.06m), combining currency and indebtedness assumption.

The portfolio comprises 3 mining licences and 18 exploration permits crossed 259km² and is aimed astatine enhancing the company's existing operations successful the country.

The acquisition is expected to enactment Aya's exploration strategy, expanding its absorption connected precious, basal and captious metals.

Aya Gold & Silver president and CEO Benoit La Salle said: "This acquisition reinforces Aya's first-mover vantage successful Morocco and advances our strategy of gathering 1 of the largest exploration portfolios successful the country.

"In 2026, we person expanded our onshore bundle from astir 732km² to much than 991km², representing an summation of 35.4%. We proceed to unafraid district-scale positions early, consolidate highly prospective mineral belts and physique a pipeline of exploration opportunities that person the imaginable to unlock aboriginal discoveries and enactment Aya's adjacent signifier of semipermanent growth."

The recently acquired portfolio covers the Zagora, Agadir-Melloul and Goulmim projects. The Zagora task spans 158.6km² implicit 11 exploration permits and shows imaginable for cobalt, gold, lead, nickel, metallic and zinc.

Occupying 68.5km², the Agadir-Melloul task consists of 3 mining licences and 5 exploration permits. It is noted for imaginable deposits of copper, silver, golden and uncommon world elements.

Meanwhile, the Goulmim task covers 32km², comprising Lower Ordovician sedimentary rocks on with Middle Cambrian volcanic sequences, with imaginable for lead, silver, copper and gold.

The statement includes milestone payments based connected aboriginal exploration successes and a 2% nett smelter instrumentality royalty for the sellers. Aya retains the enactment to repurchase the royalty nether circumstantial conditions. Some administrative processes successful Morocco regarding the acquisition stay pending.

Aya plans an 18–24-month greenfield exploration programme to measure the find imaginable of these sites. This inaugural volition see watercourse sediment geochemistry, hyperspectral studies, mapping and prospecting. Depending connected the outcomes, further steps whitethorn impact geophysics and drilling.

Overall, this acquisition is acceptable to consolidate Aya's foothold successful Morocco's mining sector.

"Aya Gold & Silver expands exploration successful Morocco" was primitively created and published by Mining Technology, a GlobalData owned brand.