gold and copper exploration in ecuador · high-level epitermal textures; 100km. 2. area of elevated...
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Gold and Copper Exploration in Ecuador
TSXV:ARU
Forward Looking Statements
2018-04-30 2
This presentation contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which arebeyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives orgoals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements maybe identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks anduncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actualresults will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actualevents, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-lookinginformation. Forward-looking information in this presentation includes, but is not limited to, Aurania’s company’s objectives, goals or futureplans, statements, exploration results, potential mineralization, the company’s portfolio, treasury, management team and enhanced capitalmarkets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations andestimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but arenot limited to, failure or inability to complete the Transaction on the terms as proposed, failure to obtain the required approvals of the Aurania’sshareholders and regulators, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability tocomplete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining orfailures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty toaccommodate the indigenous communities, uncertainties relating to the availability and costs of financing needed in the future, changes in equitymarkets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operatingcosts varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set outin Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-lookinginformation in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of thispresentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention orobligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than asrequired by law. The technical information contained in this presentation has been verified and approved by Aurania's Chief Geologist, Jean-PaulPallier, a designated EurGeol by the European Federation of Geologists and "Qualified Person" for the purpose of National Instrument 43-101,Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
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The Opportunity
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Experienced team with track record of discoveries; committed to community engagement
Ecuador is an exploration hot spot
Project area is along trend of major gold-copper belt; underexplored
Multi target potential:Sequenced exploration approachFirst target being readied for drilling
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Board of Directors/Management
4
Keith Barron, Ph.D.CEO and Chairman
Richard Spencer, Ph.D., P.Geo., C.Geol.President and Director
Elaine Ellingham, M.Sc., MBA, P.Geo.Director
Marvin Kaiser, Retired CFODirector
Gerald Harper, Ph.D., P.Geo.Director
Donna McLean, B.A.CFO
Jean Paul Pallier, M.Sc., EurGeol.VP-Exploration
Monica Ospina, M.Sc.Head of CSR
Carolyn Muir, B.Sc.Manager, Investor Services
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Capital Structure
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ARU
29,587,811
1,169,973
1,515,000
124,500
32,548,559
2.69
80MM
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Insiders60%
Others40%
Recent Financing & Options
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2017 Financing
April 2017
C$2.00
3,200,890
1,816,745
C$3.00
Oct, 2018
1.7MM 415K 150K 430K
C$0.40 $C0.60 C$2.30 C$2.00
April, 2018 July, 2021 May, 2022 Nov, 2022
Options
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Price-Volume (TSX-V)
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Price-Volume (Grey Mkt)
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Share Price Performance with Dates of Key Announcements
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Feb 2017 Acquisition
Of Properties
Aug 2017 Geophysics
survey starts
Bloomberg article
published
Apr 2017 $6.4M pvtplacement completed
Nov 2017 Geophysics
survey completed
Dec 2017 Awacha target
identified
Jan 2018 Newsletter Published
Jan 2018Latorre
epithermal target
identified
April 2018 Full
concession package renewed
April 2018 Crunchy
Hill target identified
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Government Investment
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Government spent US $136 million on infrastructure near future mines – partially funded with advanced royalties. Ecuadorian law stipulates that 60% of royalties from
mining go to local communities.
Pangui Health Clinic Los Encuentros School
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Ecuador: An Exploration Hotspot
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23
5
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7
4/6
22
ECUADOR
8
8
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Multiple Deposits Being Developed
Mines Under Construction
Fruta del Norte (Gold-Silver) LundinGold;
San Carlos & Mirador (Copper and Copper-Gold) China National Rail;
Loma Larga (Gold-Silver-Copper) INV Metals;
Advanced Exploration and Resource Definition
Santa Barbara (Gold-Copper) Lumina Gold;
Cangrejos (Gold-Copper) Lumina Gold;
Cascabel (Copper-Gold) SolGold;
Llurimagua (Copper) Codelco;
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Nambija, Ecuador
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Nambija is one of Ecuador’s Lost Cities rediscovered in 1981
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Historic Timeline: The Lost Cities
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Logroño de losCaballeros founded, reported 4,100 troy ozin first year
Logroño destroyed and re-established. Sevilladel Oro founded.
Logroño subjected to daily attacks by the JibaroIndians
Logroño destroyed
Last attempt to restore Logroño to the Crown
1564 1575/1576 1582 1594 1605 1616 2003 2006 2016
Keith Barron starts historical
research
Keith Barron discovers Fruta del Norte gold deposit
12 years of historical research lead to application for 208,000Ha of
exploration concessions in Cordillera de Cutucu
Logroño abandoned
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Two of Ecuador’s Lost Cities
15
LOGROÑO IS CONSIDERED IN CONTEMPORARY WRITINGS AS THE RICHEST
GOLD MINE IN THE SPANISH EMPIRE
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Prime Discovery Potential
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• Large land position (2,080km2)• Underexplored concessions• Known mineral belt extends across concession
area
Chapiza & Santiago
Formations
26 Moz Gold30Blbs Copper
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Stream Sediment Sampling
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1st drill target: Crunchy Hill
~1,500m scout-drilling planned
in 5 holes
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Target Pipeline: Gold
High-level epitermal textures;
100km2 area of elevatedpathfinders in streamsediment;
5 targets:• Crunchy Hill:
– 400m area of metal enrichmentin soil;
– 1,000m western extensiondiscovered;
• 4 other targets
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Latorre CharipHigh-level epitermal textures;
Compelling geophysical signature;
a. Reduction to the pole (RTP) magneticdata
b. Chalcedonic silica
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Crunchy Hill: Soil Geochemistry
Molybdenum Zinc Manganese
500m
Silver Arsenic Antimony Mercury
Selenium
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Target Pipeline: Gold – Next Steps
5 targets:• Crunchy Hill:
– FDN-type (IntermediateSulphidation), blind target expected;
– soil sampling underway on1,000m western extension;
– Ground magnetic survey;– IP geophysics survey?
• 4 other targets:– Ridge & spur soil sampling
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Latorre CharipFollow-up of stream sediment data
Discovery of FDN – graphic from Aurelian Resources presentation 2006
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Target Pipeline – Copper
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Stream sediment data
AirborneMag Data
Quartz-sericite-pyrite
alterationAwacha Target
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Next Steps
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- Stream sediment sampling continues to lead the way:- 12% of area covered- Local staff being trained to accelerate this work
- Detailed exploration of prioritized targets:- Latorre area
- Development of targets for scout drilling in Q4’18
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Why Invest?
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People– Track record of major discoveries in adjacent area– Large insider equity position– Committed to community engagement
Jurisdiction – Pro-mining government
Potential for World Class Deposits– Underexplored concession block– Along trend of major gold-copper belt– Proprietary historical info provides unique insight
Unique Opportunity– Multiple epithermal gold-silver & porphyry copper deposits
emerging – opportunity to maximize shareholder value through multiple JV’s / SpinCos
– Multi target potential – First target being readied for drilling
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Contact
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Corporate Office36 Toronto Street, Suite 1050Toronto, ON M5C 2C5, Canada(416) [email protected]
Social Media
@AuraniaLtd
@AuraniaLtd
Aurania Resources
Dr. Keith Barron, CEO and [email protected]
Dr. Richard Spencer, President and [email protected]
Donna McLean, Chief Financial [email protected]
Carolyn Muir, Manager, Investor [email protected]
Visit www.Aurania.comto watch our video series!