Announcement • Sep 21
Big River Gold Limited Announces Board Changes Big River Gold Limited announced with effect from implementation on 20 September 2022: Beau Nicholls and John Cathcart retired from the company's board of directors; Andrew Beigel, Rodrigo Barbosa and Kleber Cardoso were appointed to the company’s board of directors; Andrew Richards retired as executive chairman and has been appointed as a non-executive director; and Adrian Goldstone will continue as a non-executive director. Announcement • Sep 10
Aura Minerals Inc. (TSX:ORA) completed the acquisition of Big River Gold Limited (ASX:BRV) from Dundee Resources Limited, Copulos Group of Companies and others. Aura Minerals Inc. (TSX:ORA) entered into a binding scheme implementation deed to acquire Big River Gold Limited (ASX:BRV) from Dundee Resources Limited, Copulos Group of Companies and others for approximately AUD 100 million on April 19, 2022. As per the transaction Aura Minerals Inc. will pay AUD 0.36 per share to the shareholders of Big River Gold Limited except Dundee Resources Limited which will receive shares in Aura Minerals Inc. The transaction is subject to approval by shareholders of Big River Gold Limited, approval by Court and ASIC and is approved by board of directors of Big River Gold Limited. The transaction is expected to complete in August 2022. As of July 5, 2022, the transaction is expected to be completed on September 13, 2022. As on September 2, 2022, Big River Gold shareholders have approved the transaction. If the Court approves the Scheme at the Second Court Hearing, it is expected that the Scheme will take effect on September 9, 2022. As of September 8, 2022, Supreme court has approved the acquisition. Scheme implementation is expected to occur on September 20, 2022, subject to the satisfaction or waiver of the remaining conditions precedent to the Scheme, including approval by the Court at the Second Court Hearing. Canaccord Genuity Corp. acted as financial advisor and Gowling WLG (Canada) LLP and King & Wood Mallesons acted as legal advisors to Aura Minerals Inc. Corinne Grigoriu, Jay F. King, Cathy L. Mercer, Alexander Pizale and Paul M. Stein of Cassels Brock & Blackwell LLP and Blackwall Legal LLP acted as legal advisor to Dundee Resources Limited. Next Level Corporate Pty Ltd acted as financial advisor and MinterEllison acted as legal advisor to Big River Gold Limited.
Aura Minerals Inc. (TSX:ORA) completed the acquisition of Big River Gold Limited (ASX:BRV) from Dundee Resources Limited, Copulos Group of Companies and others on September 9, 2022. Announcement • Jul 26
Big River Gold Ltd Receives Assay Results for an Additional 5 Drillholes of the Resource Extension Drilling Program at the Borborema Gold Project in North East Brazil Big River Gold Ltd. announced that assay results have been received for an additional 5 drillholes of the resource extension drilling program at the Borborema Gold project in north east Brazil. Drillhole details for these 5 holes along with summaries of assay results returned. Drill holes CRD182 to CRDD185 are in close proximity to section 20,000mN along which several high grade intercepts were reported to the ASX on 12 April, 2012 and 6 June, 2012. The details drill holes CRDD 138 which intersected 50m at 4.95g/t Au (including 27m at 8.49 g/t Au) and CRDD134 which intersected 47m at 2.31 g/t Au (including 15m at 3.61 g/t Au). These holes are located approximately 70m from hole CRDD184 (33m at 4.27 g/t Au) which confirms the potential for defining a higher-grade feeder zone or core to the resource and warrants additional follow up drilling. Assay results were received for an additional 5 of the extension drillholes completed at Borborema. Assay results from 2 holes are awaited. Highlights of these drillholes include: CRDD-184 intersected 33m at 4.27 g/t Au (including 8m at 11.12 g/t Au and 6m at 4.64 g/t Au); CRDD-185 intersected 41m at 1.58 g/t Au (including 10m at 2.21 g/t Au and 3m at 7.69 g/t Au) and, CRDD-182 intersected 44m at 1.38 g/t Au (including 7m at 2.45 g/t Au). All holes have now been completed for the first stage of the resource extension drilling program. All holes intercepted elevated grades in projected zones of mineralisation at 100m down dip to the resource and along 1.2km of strike. Drilling the central zone has confirmed thick zones of significantly high grades over 300m of strike extending below the depth of previous drilling. It further indicates the potential to define high grade feeder zones to the Borborema project. Elevated grades encountered in holes CRDD182-185 are in close proximity to previously reported drillholes CRDD138 and CRDD134 that intercepted 50m at 4.95g/t Au and 47m at 2.31g/t Au respectively. 
