Shares of Aterian PLC surged by 20 percent on Wednesday, climbing to 32.30 pence on the London Stock Exchange. This spike follows the announcement of promising sampling results from the company’s fully owned copper and silver project at Agdz East in Morocco. The stock now sits comfortably within its yearly range of 20.25 to 58 pence, with renewed investor interest driven by the latest exploration findings.
According to the company, recent surface analyses have revealed the presence of several new mineralized structures, significantly expanding the known footprint of the site. Aterian reported the identification of four parallel mineralized zones containing both copper and silver, each mapped over distances of up to 900 meters and widths reaching seven meters. These structures, spaced 300 to 400 meters apart, remain open along strike, suggesting strong potential for further extension.
So far, only around 10 percent of the Agdz East area has been evaluated, leaving a large portion of the property unexplored. Initial sample grades have shown encouraging figures, with copper concentrations as high as 3 percent and silver levels reaching 51 grams per tonne. These results hint at a promising resource that could grow significantly with further exploration.
To build on this early momentum, Aterian plans to initiate new phases of ground magnetics and trenching. These efforts aim to clarify the continuity, scale, and geological controls of the mineralized structures. The data collected will also feed into Aterian’s collaboration with Lithosquare, which leverages artificial intelligence to identify high-priority targets and guide the next stage of exploration, including potential drilling campaigns.
The discovery strengthens Aterian’s position in Morocco’s resource sector and reinforces investor confidence in the Agdz East project as a viable source of future copper and silver production.
