The new licences, which increase the exploration tenure at the projects by 55%, are considered highly-prospective for base-metals and add momentum to Auroch's aggressive exploration programmes, with drilling already underway at both Arden and Bonaventura.
The two projects now encompass a total of 2,079 square kilometres within the Adelaide Geosyncline.
“Auroch CEO Aidan Platel and his team continue to blaze a trail at both Arden and Bonaventura projects, the quality and potential of which is already well documented,” said Cadence chief executive Kiran Morzaria.
“Expanding the project area by 55% and adding these new licenses adds considerable scope for additional discoveries and further underpins the potential of these world-class assets.”
Shares in Cadence, which owns a 7% stake in Auroch, were untraded at 0.17p on Thursday.