Tillkännagivande • May 11
Aurania Resources Ltd. announced that it expects to receive CAD 1.5 million in funding Aurania Resources Ltd. announced a non brokered private placement financing of up to 8,333,333 units of the Company at an issue price of CAD 0.18 for the proceeds of CAD 1,499,999.94 on May 11, 2026. Each Unit will consist of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share (a “Warrant Share”) at an exercise price of CAD 0.35 per Warrant Share for a period of 24 months following the closing of the Offering. In connection with the Offering, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants. Closing of the Offering is anticipated to be completed on or about June 1, 2026, or such other date or dates that the Company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSXV for the listing of the Common Shares and the Warrant Shares issuable upon the exercise of the Warrants. The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period Certain directors and officers of the Company are expected to acquire Units under the Offering.
commencing on the day of the closing of the Offering, New Risk • Apr 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$8.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.3m free cash flow). Negative equity (-CA$33m). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$12m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (CA$25.8m market cap, or US$18.9m). Tillkännagivande • Apr 01
Aurania Resources Ltd., Annual General Meeting, Jun 11, 2026 Aurania Resources Ltd., Annual General Meeting, Jun 11, 2026. Tillkännagivande • Nov 20
Aurania Resources Ltd. announced that it expects to receive CAD 1.5 million in funding Aurania Resources Ltd. announced a non-brokered private placement to issue 12,500,000 units at an issue price of CAD 0.12 for gross proceeds of CAD 1,500,000 on November 20, 2025. Certain directors and officers of the company are expected to acquire units under the offering. The company has reserved the right to increase the size of the offering by up to 25% of the size of the offering, such that up to an additional 3,125,000 units may be issued to raise additional gross proceeds of up to CAD 375,000. Each Unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.25 per warrant share for a period of 24 months following the closing of the offering. In connection with the offering, the company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the offering from subscribers introduced to the company by such finders and up to 7% in finders warrants of the aggregate number of units placed by such finders, subject to the approval of the TSX Venture Exchange. Each finder warrant will entitle the holder thereof to purchase one additional unit at the issue price and will be exercisable for a period of 24 months from the closing of the offering. Each finder warrant will be comprised of one common share and one warrant. Closing of the offering is anticipated to be completed on or about December 16, 2025, or such other date or dates that the company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSXV for the listing of the common shares and the warrant shares issuable upon the exercise of the warrants. The securities issued pursuant to the offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the offering, as applicable, under applicable Canadian securities laws. The offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV. New Risk • Aug 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 30% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$14m). Shareholders have been substantially diluted in the past year (30% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$16.4m market cap, or US$11.8m). Tillkännagivande • Aug 22
Aurania Resources Ltd. announced that it has received CAD 1.906356 million in funding On August 21, 2025. Aurania Resources Ltd. announced that it has closed the transaction. It has issued 15,886,298 units at a price of CAD 0.12 per Unit for gross proceeds of CAD 1,906,355.76. In connection with the Offering, the Company paid aggregate finder’s fees consisting of CAD 5118.40 in cash and 42,653 compensation warrants to eligible finders. New Risk • Aug 03
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.7m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Negative equity (-CA$14m). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.7m market cap, or US$9.96m). Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Tom Ullrich was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 29
Aurania Resources Ltd. Reports Reprocessing Mobile MagnetoTellurics Data from the Company's Awacha Porphyry Copper Target in Ecuador Aurania Resources Ltd. reported that reprocessing Mobile MagnetoTellurics (MobileMT) data from the Company's Awacha porphyry copper target in Ecuador using the latest 2D inversion technology has revealed six highly conductive anomalies. In 2021, Aurania contracted Expert Geophysics Surveys Inc. to conduct a MobileMT airborne survey over the Awacha porphyry copper targets area. At that time, Electromagnetic (EM) data inversion was performed using a one-dimensional (1D) algorithm. In recent years, EM inversion technology has significantly improved, particularly for areas with rugged terrain. As a result, Aurania recommissioned Expert Geophysics Surveys Inc. to reprocess the existing MobileMT data using the latest 2D in version technology. The 2.5D code applied is more objective and comprehensive than the previous 1D technology, as it takes into account the actual topography of the area being investigated, yielding robust lateral and vertical resolution, resulting in more accurate mapping of the subsurface conductivity. The new inversion data has confirmed the presence of six high-conductivity anomalies. These conductive anomalies typically begin 250 metres from the surface and exhibit deep roots. These anomalies are significant since zones of elevated conductivity often correlate with porphyry copper deposits due to the presence of electrically conductive sulphide minerals (pyrite, chalcopyrite and bornite) and porphyry-related alteration (phyllic and argillic zones). The new MobileMT 2.5D inversion results will be integrated with data and field observations from the Anaconda mapping program that was completed at Awacha in 2024. Aurania has engaged porphyry copper expert, Dr. Steve Garwin, a Senior Technical Advisor to review the Anaconda mapping data to identify the most promising porphyry targets at the Awacha area. Dr. Garwin's report and recommendations are expected in the coming weeks. Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador. Tillkännagivande • May 06
Aurania Resources Ltd. announced that it has received CAD 1.725577 million in funding On May 5, 2025 Aurania Resources Ltd closed the transaction and issued 2,569,022 units at a price of CAD 0.30 per unit for total gross proceeds of CAD 770,706.6 in second and final tranche. In connection with the second tranche, the company paid a finders' fees consisting of CAD 525 in cash and 1,750 compensation warrants. Each compensation warrant entitles the holder to acquire one unit at a price of CAD 0.30 per unit for a period of 24 months from the date of issuance. Each unit issuable upon exercise of a compensation warrant comprises one common share and one warrant. Each such warrant entitles the holder to acquire one warrant share at a price of CAD 0.55 per warrant share for a period of 24 months from the date of issuance of the compensation warrant. The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the second tranche of the offering are subject to a four-month-plus-one-day hold period commencing on the date of issuance. The company has now completed the offering for total gross proceeds of CAD 1,725,576.57 through the issuance of 5,751,921 units. Keith Barron, acquired 1,000,000 units under the first tranche and 2,000,000 units under the second tranche, for a total of 3,000,000 units under the offering, and Thomas David Ullrich, acquired 75,000 units under the offering. New Risk • Apr 07
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Negative equity (-CA$11m). Shareholders have been substantially diluted in the past year (54% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$8.4m net loss next year). Market cap is less than US$100m (CA$28.1m market cap, or US$19.8m). Tillkännagivande • Apr 04
Aurania Resources Ltd. announced that it expects to receive CAD 1.5 million in funding Aurania Resources Ltd. announced a non-brokered private placement of up to 5,000,000 units at a price of CAD 0.30 per unit for the gross proceeds of CAD 1,500,000 on April 3, 2025. Each Unit will consist of one common share of the company and one common share purchase warrant. Each Warrant will entitle the holder to purchase one common share at an exercise price of CAD 0.55 per Warrant Share for a period of 24 months following the closing of the offering. In connection with the Offering, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering. Closing of the Offering is anticipated to be completed on or about April 23, 2025, or such other date or dates that the company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSXV of the listing of the common shares and the Warrant Shares issuable upon the exercise of the Warrants. The company has reserved the right to increase the size of the Offering by up to 25% of the size of the offering, such that up to an additional 1,250,000 units may be issued to raise additional gross proceeds of up to CAD 375,000.Certain directors and officers of the company are expected to acquire Units under the Offering Tillkännagivande • Apr 02
Aurania Resources Ltd., Annual General Meeting, Jun 12, 2025 Aurania Resources Ltd., Annual General Meeting, Jun 12, 2025. New Risk • Feb 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$11m). Shareholders have been substantially diluted in the past year (58% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$8.4m net loss next year). Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (CA$55.4m market cap, or US$38.7m). Tillkännagivande • Dec 24
Aurania Resources Ltd. announced that it has received CAD 1.68626 million in funding On December 23, 2024, the company has closed the final tranche of the transaction. The company has issued 1,020,744 units at the Issue price of CAD 0.45 for total gross proceeds of CAD 459,334. New Risk • Dec 18
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$11m). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$8.5m net loss next year). Market cap is less than US$100m (CA$43.2m market cap, or US$30.2m). Tillkännagivande • Nov 28
Aurania Resources Ltd. Announces Francisco Freyre Current Fractional Chief Financial Officer, Will Be Transitioning to Be the Full-Time Chief Financial Officer, Effective from January 1, 2025 Aurania Resources Ltd. announced that Francisco Freyre, the Company's current fractional Chief Financial Officer, will be transitioning to be the full-time CFO of the Company, effective January 1, 2025. Mr. Freyre's extensive corporate, financial and market-related experience has been integral to the Company since his appointment as fractional Chief Financial Officer in July 2022, and the Company is pleased he will continue to support the Company in a full-time capacity. Tillkännagivande • Nov 13
Aurania Resources Ltd. announced that it expects to receive CAD 4 million in funding Aurania Resources Ltd. announced a non-brokered private placement that it will issue up to 7,272,728 units of the Company at a price of CAD 0.55 per unit for the gross proceeds of up to CAD 4,000,000 on November 13, 2024. Each Unit will consist of one common share of the Company and one Common Share purchase warrant. Each Warrant will entitle the holder to purchase one Common Share at an exercise price of CAD 0.90 per Warrant Share for a period of 24 months following the closing of the Offering. In connection with the Offering, the Company may pay finders’ fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants of the aggregate number of Units placed by such finders, subject to the approval of the TSXV. The Company has reserved the right to increase the size of the Offering by up to 25% of the size of the Offering, such that up to an additional 1,818,182 Units may be issued to raise additional gross proceeds of up to CAD 1,000,000. Closing of the Offering is anticipated to be completed on or about December 10, 2024, or such other date or dates that the Company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including the receipt of approval from the TSXV of the listing of the Common Shares and the Warrant Shares issuable upon the exercise of the Warrants. The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering, as applicable, under applicable Canadian securities laws. Tillkännagivande • Sep 23
Palamina Corp. (TSXV:PA) completed the acquisition of Sociedad Minera Vicus Exploraciones S.A.C from Aurania Resources Ltd. (TSXV:ARU). Palamina Corp. (TSXV:PA) signed a share purchase agreement to acquire Sociedad Minera Vicus Exploraciones S.A.C from Aurania Resources Ltd. (TSXV:ARU) for PEN 0.16 million on June 10, 2024. As part of the agreement, Palamina Corp will acquire 100% stake in Minera. The consideration consists of issue of 0.35 million common shares of Palamina Corp and a 1% Net Smelter Return ("NSR") royalty over certain mining claims located in Peru which are held by Vicus. Palamina has the option to buy back half of the NSR for PEN 3.7796 million ($1 million)at any time. The transaction is expected to close by the end of June.
Palamina Corp. (TSXV:PA) completed the acquisition of Sociedad Minera Vicus Exploraciones S.A.C from Aurania Resources Ltd. (TSXV:ARU) on September 23, 2024. Aurania received 350,000 common shares of Palamina Corp. and was granted a 1% Net Smelter Return (“NSR”) royalty as full payment for the purchase of Vicus. Palamina has the option to buy back half of the NSR for PEN 3.7796 million ($1 million) at any time. New Risk • Sep 05
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.4m free cash flow). Negative equity (-CA$9.6m). Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$11m net loss next year). Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (43% increase in shares outstanding). Market cap is less than US$100m (CA$55.0m market cap, or US$40.7m). New Risk • Aug 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.4m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.4m free cash flow). Negative equity (-CA$9.6m). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (43% increase in shares outstanding). Market cap is less than US$100m (CA$61.8m market cap, or US$45.9m). Tillkännagivande • Jun 10
Palamina Corp. (TSXV:PA) signed a share purchase agreement to acquire Sociedad Minera Vicus Exploraciones S.A.C for PEN 0.16 million. Palamina Corp. (TSXV:PA) signed a share purchase agreement to acquire Sociedad Minera Vicus Exploraciones S.A.C for PEN 0.16 million on June 10, 2024. The consideration consists of 0.35 million common shares of Palamina Corp and a 1% Net Smelter Return ("NSR") royalty over certain mining claims located in Peru which are held by Vicus. Palamina has the option to buy back half of the NSR for $1,000,000 at any time. New Risk • May 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 32% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$10m). Revenue is less than US$1m. Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$6.4m net loss next year). Shareholders have been diluted in the past year (32% increase in shares outstanding). Market cap is less than US$100m (CA$20.4m market cap, or US$14.9m). New Risk • Apr 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.81m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$9.8m). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.81m). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$7.3m net loss next year). Shareholders have been diluted in the past year (2.2% increase in shares outstanding). Tillkännagivande • Apr 06
Aurania Resources Ltd., Annual General Meeting, Jun 13, 2024 Aurania Resources Ltd., Annual General Meeting, Jun 13, 2024. New Risk • Mar 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.5m (US$9.96m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.6m free cash flow). Negative equity (-CA$9.8m). Revenue is less than US$1m. Market cap is less than US$10m (CA$13.5m market cap, or US$9.96m). Minor Risks Currently unprofitable and not forecast to become profitable next year (CA$6.3m net loss next year). Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (16% increase in shares outstanding). New Risk • Aug 25
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$8.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$8.1m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Negative equity (-CA$8.7m). Earnings have declined by 7.2% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$23.6m market cap, or US$17.4m). Tillkännagivande • Jul 06
Aurania Resources Ltd. Completes the Process of Renewing Certain Annual Mineral Concession Applications At Its Vicus Property in Peru Aurania Resources Ltd. announced that it has completed the process of renewing certain annual mineral concession applications at its Vicus property in Peru (the "Property"). The Company selected concessions that have higher geological potential, where the application process has been completed and most of the concessions granted. In total, ninety-four concessions covering an area of 93,100 hectares were renewed and paid using an existing credit of USD 277,689 that the Company had with the Instituto Geologico Minero y Metalurgico or "INGEMMET".INGEMMET is the Peruvian scientific and management agency division of the Ministry of Energy and Mines. Thirty-six concessions covering a total area of 35,600 hectares were not renewed by the Company. The credit can only be applied towards concession fees in Peru; it cannot be refunded as cash to Aurania. The renewal covers the period July 1, 2022 to June 30, 2023 for the Property and the next payment covering the period July 1, 2023 to June 30, 2024 is expected to occur prior to June 30, 2024. Although the Company believes that many of the concessions in Peru remain prospective, management determined that the additional annual fees and other costs associated with the Property are not appropriate for a non-core asset. The Company will continue to pursue a potential partner and/or a possible corporate transaction for the Property. The stock options will be exercisable for three years and vest immediately. Also, in accordance with the Company's Stock Option Plan, the Board of Directors granted a total of up to 1,990,000 stock options to directors, officers, employees and consultants. The stock options have an exercise price of CAD 0.33, are exercisable for five years and are subject to customary vesting conditions. New Risk • Jul 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Negative equity (-CA$8.3m). Earnings have declined by 9.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (25% increase in shares outstanding). Market cap is less than US$100m (CA$29.0m market cap, or US$21.8m). Tillkännagivande • Jan 10
Aurania Resources Ltd. Reports Diamond Drilling Campaign At the Tatasham Target in Southeastern Ecuador Aurania Resources Ltd. reports that the diamond drilling campaign at the Company's Tatasham target in southeastern Ecuador, resumed after a holiday break. The initial drill hole (TT-001) was completed before the break in late 2022 at a final depth of 567.52 metres and a second drill hole (TT-002) was completed at a depth of 337.29 metres. A total of four holes are currently planned at Tatasham. TT-001 intersected two zones of silicification and silica replacement with potassic alteration over 37 metres and 30 metres (core length) respectively between two fault zones. In addition, just prior to the holiday break, a zone interpreted as high-level siliceous sinter and breccia was discovered by prospecting. This zone lies in front of the platform where TT-001 was drilled and was only found after a tumbled down float near the platform was traced to a cliff face almost vertically above the drill. This was very fortuitous since prospecting the steep cliff face was deemed impractical for safety reasons. Theoutcropping cliff face will be closely examined by geologists with the use of ropes and safety harnesses in the coming month. TT-002 intersected a zone of intense silicification over more than 60 metres (core length), surrounding a zone with hydrothermal breccias and local chalcedonic veins. In addition to these characteristic epithermal textures, the altered rock in TT-002 has abundant disseminated sulphides locally accompanied by replaced lattice bladed calcite textures. The strike length of the entire zone of interest is circa 4 kilometres and remains open to the north. The distance between TT-001 and TT-002 is 2.1 kilometres. Tillkännagivande • Dec 23
Aurania Resources Ltd. announced that it has received CAD 1.964 million in funding On December 22, Aurania Resources Ltd. closed the transaction. The company issued 1,827,432 units at an issue price of CAD 0.45 per unit for the gross proceeds of CAD 822,344.4? in the second and final tranche. The company has raised CAD 1,905,569.10 in the transaction. The closing of the transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSXV and the securities regulatory authorities. All securities issued and issuable in connection with the Offering are subject to a hold period of four months plus one day from the date of issuance. Tillkännagivande • Nov 17
Aurania Resources Ltd. Defines Porphyry Drill Targets at Tatasham in Ecuador Aurania Resources Ltd. announced that results of the intensive Anaconda method mapping program at the Company's Tatasham target together with Infra-Red (IR) spectrometry (Terraspec), soil geochemical results, airborne magnetics and the MobileMT (MMT) survey have enabled Aurania's exploration team to define porphyry drill target areas at Aurania's Lost Cities-Cutucu project in southeastern Ecuador (the Project). Drilling is expected to commence at Tatasham around the end of November 2022/beginning of December 2022. The Anaconda mapping at Tatasham took place over an area of three-square kilometres where the soil geochemistry anomalies coincided with the magnetic high. In parallel, IR spectrometry (Terraspec) was conducted on a selection of rock samples collected during the mapping program. Magnetic data collected during the 2017 airborne survey on the Project was merged with the data collected during the MMT survey that was flown interpolated between the 2017 survey lines. The interpretation of the combined data has resulted in a new magnetic inversion that is more accurate than the previous version. The magnetic inversion shows the presence of a low magnetic area lying within the major high magnetic anomaly. This low magnetic is interpreted to be a classic de-magnetization of the rock by hydrothermal alteration related to the core of a porphyry system. The IR spectrometry (Terraspec) study shows the presence of hydrothermal alteration zones characterized by illite over the magnetic low anomaly that extends in the west part along a major N-trending ridge, which is inferred to represent a regional structure. Mapped zones of elevated fracture abundance and silicification are coinciding with the illite alteration zone. Mapping also highlighted a central region of elevated goethite /hematite ratios, which is inferred to represent the oxidation of rocks with elevated chalcopyrite /pyrite ratios. The data was reviewed by Senior Technical Advisor, Dr. Steven Garwin, together with Aurania's exploration team to define specific target areas for the upcoming drill program planned at Tatasham. The target areas of interest are distributed over 3.5 km along the anomalous N-trending ridge and are planned to test the following: The middle part of a zone of interest, characterized by northerly-trending, illite- and silica-alteration zones, elevated goethite /hematite and a magnetic high and adjacent magnetic low; An area beneath an outcrop of NE-trending, sheeted quartz veins that lie along the southern margin of a magnetic high; and The northern extent of the mapped illite alteration zone which is also a major MMT conductive zone. The planned program at Tatasham is an iterative process and will be subject to change as drilling progresses. Tillkännagivande • Nov 01
Aurania Resources Ltd. announced that it expects to receive CAD 2 million in funding Aurania Resources Ltd. announced a non-brokered private placement of up to 4,444,444 units at a price of CAD 0.45 per unit for total gross proceeds of up to CAD 2,000,000 on October 31, 2022. The transaction will include participation from existing shareholders and other investors. Each unit will consist of one common share and once common share purchase warrant of the company. Each warrant will entitle the holder to purchase one common share at a price of CAD 0.75 per warrant for a period of 24 months from the date of closing. The company may pay finders' fee to certain eligible finders of up to 6% in cash of the gross proceeds raised in the transaction. The transaction is subject to approval of the TSX Venture Exchange. All the securities issued in the transaction will subject to a hold period of four-month plus one day. The transaction is expected to close on November 28, 2022. Tillkännagivande • Oct 18
Aurania Resources Ltd. Announces Positive Findings of Careful Relogging of Drill Core Together with Integration of Geophysics and Geochemistry from Project in Southeastern Ecuador Aurania Resources Ltd. announced that positive findings of careful relogging of drill core together with the integration of geophysics and geochemistry from its Tiria-Shimpia target in Aurania's Lost Cities-Cutucu project in southeastern Ecuador has revealed the presence of a chain of three structural grabens occupying the middle of the concession block. Grabens are extremely important in mineral exploration because their bounding faults are often through-going conduits for hydrothermal fluids, and they have very high potential to be mineralized. This underlying work is integral to advancing ongoing joint venture discussions while the Company begins preparations for a drill program at its Tatasham and Awacha porphyry targets expected to commence later in 2022. Both programs remain in line with Aurania's corporate strategy discussed in February 2022. The north graben is 10 kilometres long and 3.5 kilometres wide, the central graben is 26 kilometres long and 3 kilometres wide; and the south graben is 18 kilometres long and 5 kilometres wide. Structural grabens, also known as pull-aparts or drop-downs, are areas where younger rocks have been faulted downwards vertically, between older rocks by opposing horizontal forces. It can be thought of as if the rocks have been stretched horizontally in opposite directions to breaking point, and then have subsided downward along vertical bounding cracks (faults). Grabens can be recognized in the field when the rocks abruptly appear out of age sequence. Lundin Gold's Fruta del Norte gold deposit, approximately 100 kilometres south of the Project, lies in a structural graben as does Aurania board member Thomas Ullrich's recent high-grade copper discovery at the Storm deposit of Aston Bay in northern Canada. A number of mineralizing patterns have now come into focus, which will be explained below, and Management considers that the prospectivity of its sediment-hosted targets within the Project has been very considerably enhanced. The process of review by Aurania's technical team and consultants is ongoing. Dr. Cristian Vallejo, Aurania's Consultant Geological Expert on the Cutucu area, has relogged the Tiria- Shimpia and Tsenken drillcore, placing it in the correct geological context. It was found that a contracted paleontologist had incorrectly dated several index fossils and that Tiria-Shimpia sits in rocks that are 90 million years younger than previously believed. Dr. Vallejo convincingly correlated the drilling with oil well DRA-29 outside the Project, and also dissolved representative pieces of Tiria-Shimpia core in acid for Palynology. The results definitively place the four Tiria-Shimpia holes in the Hollin and Napo Formations, which are understood to the primary reservoir rocks for oil in Ecuador. In fact, impregnations of petroleum were found at depths of 345.8 metres ("m") to 357 m in Hole #2 in Shimpia. While Management of Aurania does not consider there to be any potential for economic petroleum in the concessions, the importance of this finding in the context of sediment-hosted base metal deposits cannot be overemphasized. Crude petroleum, bitumen and natural gas have all been implicated as precipitation agents in the formation of sediment-hosted copper deposits, and lead-zinc-silver deposits. The two styles of mineralization are sometimes found in proximity but are separated horizontally or vertically due to precipitation kinetics. Over the last several years, Aurania has located numerous high-grade copper/silver showings across the Project. but the proper understanding of the ore-deposits framework still eluded to some extent. To date, salt has been intersected in three drill holes in Tsenken and anhydrite evaporites were found in two other holes. The copper/silver mineralization sits within laterally impersistent and thin beds of carbonaceous trash in the upper Chapiza, stratigraphically above the salt beds, where plant debris and other organics have acted as chemical reductants, precipitating copper and silver from circulating saline brine. The scenario is not unlike the Kupferschiefer of eastern Germany and Poland, but by themselves thin beds are volumetrically too minor to represent orebodies and are not exploration targets. One exploration target however does leap out as exceptional and will be discussed presently. The Chapiza redbeds would equate with the Rotliegendes directly beneath the Kupferschiefer, an organic-rich "copper shale" which hosts the economic orebodies in Poland. These rocks were formerly not thought to be in the central graben, but the recent study made by Cristian Vallejo has identified the Upper Hollin formation in hole #1 and #2 below the Napo Fm. Hollin also subcrops within the southern graben, in an area where there is a large MobileMT conductive anomaly that was heretofore considered to be spurious. Tillkännagivande • Sep 27
Aurania Resources Ltd. Announces Positive Mapping Results At Tatasham & Awacha Porphyry Targets in Ecuador Aurania Resources Ltd. announced that an intensive "Anaconda method" mapping program at the Company's Tatasham target has discovered highly prospective porphyritic felsic intrusive rock, and at the Awacha target area, mapping has confirmed diorite and other intrusive rocks, with local hydrothermal breccias. The intrusives are crosscut by several generations of quartz veinlets locally containing chalcopyrite and galena. These results are considered positive indications of porphyry-style mineralization at both localities. Tatasham and Awacha are contained in Aurania's large, 207,764-hectare concession block in southeastern Ecuador, located immediately north of the highly productive mineralized belt containing Solaris Resources' Warintza and SolGold's Porvenir porphyry copper deposits, as well as operating mines at Mirador (copper) and Fruta del Norte (gold). The mapping program at Tatasham has been completed and is currently underway at Awacha. This work is being carried out ahead of a drilling campaign which is anticipated to commence in the last quarter of 2022. The Tatasham target is a blind geophysical target with no previously recognized alteration or mineralization at surface. The 3-kilometre (km) x 1 km target is both a magnetic and resistivity high, flanked by conductive anomalies, that are speculated to represent a mixed magnetite skarn and porphyry cluster. The Awacha target area comprises a cluster of geophysical anomalies representing porphyry targets located in an area approximately 9 km x 6 km in size. These targets are covered by post-mineral sedimentary rock. Where streams have cut down through these sediments, they have exposed the classic phyllic alteration envelope (quartz-sericite-pyrite alteration) which typically accompanies copper mineralization. Low levels of copper and molybdenum have been returned in analyses of stream sediments in this area, as well as copper in soils. Tillkännagivande • Aug 09
Aurania Resources Ltd. Provides Update on Geological Mapping Program Aurania Resources Ltd. reported that, under the guidance of Senior Technical Advisor, Dr. Steve Garwin, detailed geological mapping at its Tatasham target is progressing and is expected to be completed in the coming weeks. The second phase of mapping at the Company's Awacha target is planned to start by the end of August. The purpose of this field work is to apply the Anaconda mapping method to define the drill targets at Tatasham and Awacha. The Anaconda method was developed in the 60's and 70's by Anaconda Copper and has led to the discovery and resource expansion of several porphyry copper-gold deposits including the Apala deposit in Ecuador and Cortadera in Chile. To learn more about the importance of geological mapping and the Anaconda technique. Tillkännagivande • Jul 27
Aurania Resources Ltd. Appoints Francisco Freyre as Chief Financial Officer Aurania Resources Ltd. ("Aurania" or the "Company") announced the appointment of Mr. Francisco Freyre as Chief Financial Officer (CFO). Mr. Freyre will be providing Aurania with fractional CFO services on a contractual basis through WD Numeric. Francisco Freyre is a seasoned strategic finance leader with multi-faceted global business experience in corporate finance, investor relations, manufacturing, and digital transformation. He joined WD Numeric in 2021, serving as Fractional CFO for companies in diverse industries such as oil and gas, medical cannabis, and tin mining. He spent 23+ years in the automotive industry across different positions, including IRO, CIO, CFO and CEO. Mr. Freyre also served in financial planning for a Mexican gold and silver mining company eventually acquired by a Canadian company. He has been a Mentor for startups in acceleration programs by MassChallenge since 2017. Mr. Freyre holds a Master's Degree in Finance from the Instituto Technolgico y de Estudios Superiores de Monterrey, a Diploma in Private Equity and Ventura Capital from the Anahuac University and AMEXCAP and a Bachelor's Degree in Business Administration from the Universidad Nacional Autnoma de Mxico. Tillkännagivande • Jun 01
Aurania Resources Ltd. and Metron Incorporated Find Lost City of Gold in Ecuador Aurania Resources Ltd. reported that through a collaboration with Metron Incorporated ("Metron") of Reston, Virginia, USA, the "lost city" of Logroño de los Caballeros has been found in Ecuador. The site considered to be the ancient gold camp is not on Aurania's concession block, but is downstream, and is exclusively alluvial (placer) gold. No archaeology has been found. Aurania is now on the hunt to find Logroño's source of gold within its Lost Cities Cutucu Project ("Project") in southeastern Ecuador. The location of Logroño, as inferred by Metron, is supported by a multitude of historical documents as well as geological information collected by Aurania and the increased presence of artisanal miners in the area. Logroño de los Caballeros was one of seven historic mining areas operating during the time of the Spanish conquistadors in the land that became Ecuador. Its geographic location and that of a second site, Sevilla del Oro, have been lost over time. Aurania's Project is partly based, and is named on the premise, that the twolost cities would be within Aurania's large concession package. Metron worked with the Company from the fall of 2019 to July 2020 to help refine the search for the two historic gold camps and locate prospective mineralized areas. Using Bayesian search theory, Metron churned through a mountain of historical, geological, geochemical, and geophysical information from the concessions to generate: probability maps for the Lost Cities; and likelihood ratio surfaces showing potential locations for deposits of copper, silver, and gold on the concession package. The likelihood ratios that the team generated for porphyry style copper, epithermals and PbZn deposits based on stream sediments, geology, and magnetics were later combined with land use, structural setting, LiDAR features and radiometric response. Tillkännagivande • Apr 06
Aurania Resources Ltd., Annual General Meeting, Jun 08, 2022 Aurania Resources Ltd., Annual General Meeting, Jun 08, 2022. Tillkännagivande • Mar 31
Aurania Resources Ltd. announced that it has received CAD 1.397657 million in funding On March 30, 2022, Aurania Resources Ltd. closed the transaction. The company has issued 1,996,653 units for gross proceeds of CAD 1,397,657.10 in the transaction. The company has issued 410,000 units for gross proceeds of CAD287,000 in its second and final tranche. Each warrant is exercisable into a common share at CAD 1.25 per share for 24 months from the date of issuance. The company has received conditional acceptance of the TSX Venture Exchange. Tillkännagivande • Mar 01
Aurania Resources Ltd. announced that it expects to receive CAD 1.5 million in funding Aurania Resources Ltd. announced a non-brokered private placement of up to 2,142,857 units of the at a price of CAD 0.70 per unit for gross proceeds of CAD 1,499,999.9 on February 28, 2022. Each unit will consist of one common share and one common share purchase warrant with each warrant entitling the holder thereof to purchase one common share at an exercise price of CAD 1.25 for a period of 24 months after closing of the offering. The transaction will include participation from Keith Barron for CAD 400,000. The securities issued pursuant to the offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the offering. The company may pay finders’ fees to certain eligible finders of up to 6% in cash of the gross proceed. The transaction is subject to receipt of all applicable regulatory approvals including (but not limited to) the receipt of approval from the TSX Venture Exchange. The transaction is expected to be closed on or about March 15, 2022. Tillkännagivande • Nov 27
Aurania Resources Ltd. Provides Update on Drilling At Tiria-Shimpia Aurania Resources Ltd. reports that drilling successfully intersected the targeted silver-zinc mineralized layer at Tiria-Shimpia in drill hole SH-004 and assays are awaited. Progress is also being made with exploration for sediment-hosted copper at the Tsenken target in the Company's Lost Cities - Cutucu Project area ('Project') in southeastern Ecuador. Copper has been intersected in several sedimentary layers and targets were refined during a week-long site visit by a specialist in sediment-hosted copper, zinc and lead, Professor Gregor Borg, his third visit to the Project. A breakthrough has been made in the exploration for sediment-hosted copper with the recognition, confirmed and elaborated on by Prof. Borg, of evidence for evaporite layers, which contain salt and sulphates, within the red-beds at Tsenken and in the limestones at Tiria-Shimpia. Evaporites are the end products of evaporation of saline lakes in desert conditions. A modern analogue would be Israel's Dead Sea. Evaporites are critical in company's model to the formation of copper, silver and zinc deposits, as described below. TSN1-008 has been completed and drill hole TSN1-009 is scheduled to start within days. Final results have been received for TSN1-007. Results and their context are as follows: Hole TSN1-007: Hole TSN1-007 confirms continuity of mineralization from surface to depth. The grade of a mineralized sedimentary layer that lies adjacent to an evaporite-related unit at surface, was 1.9% copper and 3 grams per tonne ('g/t') silver and the same layer, intersected at 157m down-hole, contains 0.5% copper over an interval of 1.7 metres ('m'). Recent Insider Transactions Derivative • Oct 24
Executive Chairman & CEO exercised options to buy CA$29k worth of stock. On the 19th of October, Keith Barron exercised options to buy 20k shares at a strike price of around CA$2.68, costing a total of CA$54k. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. Since December 2020, Keith has owned 19.89m shares directly. Company insiders have collectively bought CA$29k more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Sep 29
Aurania Resources Ltd. Intersects Silver-Zinc Mineralization in Hole 3 At Tiria-Shimpia Aurania Resources Ltd. reported that the third hole drilled on the 22 kilometre- long Tiria-Shimpia silver-zinc target, intersected the extension of the mineralized layer that was seen at surface. Hole SH-003 intersected 5 metres ("m") at a grade of 10.5 grams per tonne ("g/t") silver and 2.5% zinc within a 31.5m thick halo of mineralization in layered sedimentary rock in the central part of the company's Lost Cities - Cutucu Project area ("Project") in southeastern Ecuador. Drill hole 3 at Tiria-Shimpia was planned to intersect a layer of fracture-controlled mineralization that geological mapping at surface showed to be 20m wide and over 800m long. The top of the targeted layer of crackle-brecciated limestone was intersected at a depth of 35m down-hole, and mineralization occurs over 29m at a grade of 3.5g/t silver and 0.6% zinc, that contains the higher-grade interval of 5m at 10.5g/t silver and 2.5% zinc. The crackle-brecciated limestone is sandwiched between layers of sandstone. Pathfinder elements such as naturally-occurring arsenic, cadmium, mercury and strontium are closely related with the silver-zinc. The whole limestone-sandstone sequence in which the mineralization occurs, shows illite clay alteration. The sandstone is likely to have provided the permeable layers along which the mineralizing fluids flowed - providing the access required for the fluids to react with the limestone and deposit the metals. The presence of the alteration mineral illite, indicates that the mineral-bearing fluids had a temperature of 200° to 300°C. Hole 3 was drilled approximately 2km to the north of where holes SH-001 and SH-002 were drilled. A total of 1,018 metres has been drilled in the three holes completed at Tiria-Shimpia. The field team undertaking the silver-zinc exploration is comparing geological information observed in the drill core with their mapping at surface to determine the geometry of the system. Soil geochemistry and MobileMT data are being incorporated into this focus on refining the target for higher-grade mineralization. Additional drill sites will be selected from this on-going work. Drilling at hole 7 (TSN1-007) at the company's Tsenken N1 sediment-hosted copper-silver target has been completed and results are awaited. Drilling at hole 8 has been started. Executive Departure • Sep 23
Lead Independent Director Alfred Lenarciak has left the company On the 22nd of September, Alfred Lenarciak's tenure as Lead Independent Director ended after 1.6 years in the role. As of June 2021, Alfred still personally held only 21.00k shares (CA$53k worth at the time). Alfred is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 2.67 years. Tillkännagivande • Sep 03
Aurania Resources Ltd. Provides Update of Activities at its Lost Cities - Cutucu Project in Southeastern Ecuador Aurania Resources Ltd. provide an update of activities at its Lost Cities - Cutucu project in southeastern Ecuador (the "Project"). Scout Drilling: The Company had two drills operating: one at the Tsenken N1 target and the other at Tiria-Shimpia. Tsenken N1 (sediment-hosted copper-silver target): Boulders of sediment-hosted copper-silver have been found over a distance of 25km in the Project area and drilling is currently focused on the Tsenken N1 target area where six holes have been completed: two holes totaling 1,755m were drilled in the first quarter of 2021 (Q1), three in Second Quarter (1,176m) and one has been drilled subsequent to quarter-end. A seventh hole is underway; Tiria Shimpia (silver-zinc-lead target): Silver-zinc mineralization has now been found over an area that is 22km long. Drilling of the first scout hole started immediately after quarter-end. Three scout drill holes have been completed for a total of 1,018m. Hole 4 is in a different location than holes 1-3 and will require the installation of a new drill camp. A recent outbreak of COVID-19 in the community nearest the next drill camp will delay the start of drilling on hole 4 until the latter part of the month. Sediment-Hosted Copper-Silver: Exploration drilling at Tsenken N1 (TSN1) initially focused on copper beneath a seal in the red-bed sequence. Drilling showed that the permeability of the red-beds beneath the seal was too low to allow the accumulation of significant quantities of copper and therefore focus shifted to the lower part of the sedimentary sequence as the primary target for copper mineralization in holes TSN1-006 and TSN1-007. Hole TSN1-007 intersected a bleached layer in the red-bed sequence at a depth of 157m down-hole. Copper mineralization is present as green malachite (copper carbonate) and black tenorite (copper oxide). This layer is the depth-extension of a mineralization that assayed 1.9% copper and 3 grams per tonne ("g/t") silver at surface. Assay results of the bleached, mineralized layer are awaited.
These drill holes have hit key components of sediment-hosted copper systems; salt in hole TSN1-006 and evaporite, an essential source of sulphur for the precipitation of copper sulphides, in TSN1-007. TSN1-007 is currently at a depth of 700m in pyrite-rich limestone. Copper mineralization lies beneath similar pyrite- rich zones in many parts of the Kupferschiefer and Central African Copperbelt - and hence they have decided to continue the hole to test for copper sulphides in the sediments beneath the pyrite zone. Carbonate-Replacement Silver-Zinc Targets: Holes SH-001 and SH-002 intersected more mineralized layers than were expected from the outcrop sampling, although the grade of mineralization appears to be lower than what has been observed in outcrop. Logging of core from hole SH-003 shows that the 20m thick layer of mineralization observed at surface has been intersected but is expected to be low-grade (assays are pending). During the COVID-induced break in drilling, geologists will review the drill core to find vectors that could point towards high-grade areas. While the drilling was being done in one part of the 22km long target area, soil sampling was undertaken in a different area and results are awaited. Epithermal Targets for Gold-Silver: Drilling on the epithermal gold-silver systems will recommence later this year while Management refines and prioritizes various targets that continue to emerge in the southwestern part of the Project area. Director Overboarding • Aug 06
Director Warren Gilman has joined 6th company board Independent Director Warren Gilman has been appointed to the board of Los Andes Copper Ltd. (TSXV:LA). Gilman now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Queen's Road Capital Investment Ltd. (TSXV:QRC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 06
Director Warren Gilman has joined 6th company board Independent Director Warren Gilman has been appointed to the board of Los Andes Copper Ltd. (TSXV:LA). Gilman now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Queen's Road Capital Investment Ltd. (TSXV:QRC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 06
Director Warren Gilman has joined 6th company board Independent Director Warren Gilman has been appointed to the board of Los Andes Copper Ltd. (TSXV:LA). Gilman now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Queen's Road Capital Investment Ltd. (TSXV:QRC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Director Overboarding • Aug 06
Director Warren Gilman has joined 6th company board Independent Director Warren Gilman has been appointed to the board of Los Andes Copper Ltd. (TSXV:LA). Gilman now sits on a total of 6 company boards. With 6 board positions including the role of CEO at Queen's Road Capital Investment Ltd. (TSXV:QRC), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Tillkännagivande • Jul 23
Aurania Resources Ltd. Reports Drilling at Tsenken N1 Provides Evidence of a Link with the Tiria-Shimpia Target Aurania Resources Ltd. reported that review of drill core shows that the fault system which links the Tsenken target with the Tiria-Shimpia target, moved periodically throughout the development of the sedimentary basin, providing a pumping mechanism for metal-bearing fluids that deposited sediment-hosted zinc-silver at Tiria-Shimpia and copper-silver at Tsenken. Further scout drilling at Tsenken N1 is focusing on sediment-hosted copper-silver adjacent to this fault system that extends 45 kilometres from the copper area in the south to the zinc zone in the north in the central part of the Company's Lost Cities Cutucu Project (Project) in southeastern Ecuador. Five drill holes have been completed at Tsenken N1 and hole 6 is underway the objective being to explore the same sedimentary layer in the Tsenken area that contains zinc-silver in the Tiria-Shimpia area. Five drill holes, for a total of 2,184 metres (m), have been drilled in the Tsenken N1 target area and hole 6 is underway. The sedimentary layers targeted in hole 6 have been elevated to within a few hundred metres of surface, as illustrated in Figure 2, by faults that are known to have provided pathways for the metal-bearing fluids. Drill results received to date are not economically significant but do show a clear trend with contained copper increasing towards the east: drill hole TSN1-002 the westernmost - having no copper, hole TSN1-001 having 0.23% over 1m and hole TSN1-003 the easternmost having two mineralized zones; the upper sedimentary layer with 1m at 0.47% copper and the lower with 0.15% copper over 2.6m. Observations from the drill core show that the fault system was active at the time of accumulation of the red-beds in the Tsenken area and field mapping and satellite imagery show that this fault system extends into the Tiria-Shimpia area where it is linked with zinc-silver mineralization. Holes TSN1-004 and TSN1-005 were collared further north, closer to Tiria-Shimpia and results will be reported when available. Tillkännagivande • Jun 16
Aurania Announces Drilling Has Intersected Sediment-Hosted Copper Mineralization At Tsenken N1 Aurania Resources Ltd. reported that drilling has intersected sediment-hosted copper mineralization at Tsenken N1 in the Company's Lost Cities - Cutucu Project in southeastern Ecuador. As a result, drilling will continue at the Tsenken N1 target and the second rig is being moved to the Tiria-Shimpia target area. The three drill holes completed at Tsenken N1 show that sediment-hosted copper increases in intensity towards the east as illustrated in Figure 1. The number of mineralized layers also increases to the east with three layers having been intersected in the easternmost hole. A total of 1,564 metres ("m") have been drilled at Tsenken N1 to date. Assay results from the easternmost hole, TSN1-003, are awaited. Rather than drilling the next hole further east, hole 4 is being drilled approximately 700 metres ("m") northwest of hole 3. This decision is based on the concept, described below, that copper at Tsenken is linked with zinc at Tiria-Shimpia. Hole 4 is inclined beneath an outcrop of high-grade copper-silver that returned 263 grams per tonne silver and 39% copper, the position of which suggests that it is the extension of the mineralized sedimentary layers intersected in hole 3. Hole 4 is planned to a depth of 200m. Sediment-hosted copper-silver in the Tsenken N1 area lies within the same fault system as the sediment- hosted zinc-silver mineralization at Tiria-Shimpia as shown in Figures 1 and 2. The exploration concept is that the copper at Tsenken is part of the same mineralized system seen at Tiria-Shimpia - the system gradually changes from copper-dominant to zinc-dominant, as it does in parts of the Kupferschiefer. The completed drill holes at Tsenken N1 lie on the margin of the copper zone as illustrated in Figure 2 and hole 4 should be within the copper zone. The drilling that is planned to start before end of June at Tiria-Shimpia is designed to intersect the zinc and silver-mineralized layers seen in outcrop and will also provide information which will help to refine this exploration concept and lead to the definition of additional precise drill targets. Tillkännagivande • May 22
Aurania Resources Ltd. Reports Elevated Silver-Zinc Has Been Discovered in Outcrop over 2.7 Kilometres At Tiria-Shimpia Aurania Resources Ltd. reported that follow-up of a high-grade boulder found in a stream has led to the discovery of silver-zinc mineralization in outcrop over 2.7 kilometres ("km") in the Tiria-Shimpia target area in the Company's Lost Cities Cutucu Project ("Project") in southeastern Ecuador. Follow-up exploration, together with the on-going channel sampling of the mineralized layers where they are exposed at surface, is providing key information on the distribution of grade on surface within the 15km trend along which silver-zinc is located at Tiria-Shimpia. This trend was recently extended to a total of 22km after the discovery of a 7km long mineralized zone at Shimpia North. Within the 2.7km mineralized zone, there is a 500 metre ("m") segment of high-grade material with silver up to 73 grams per tonne ("g/t") and zinc up to 49%. The high-grade mineralization is open to the north where there is a gap in outcrop of about 1km. The mineralized sedimentary layer corresponds closely with silver enrichment in soil and remains open to the south. In fact, there is a second band of elevated silver in soil that suggests that there is a second mineralized layer in the sedimentary strata, but no outcrop has yet been found of the suspected second layer. A third level of mineralization has been found to the west with the discovery of low-grade outcrop that returned up to 2% zinc. Zinc and silver enrichment continues to the southern limit of ridge and spur soil sampling, and there is therefore potential for the silver-zinc zone to extend further south. Silver-zinc mineralization is concentrated in the sedimentary layering in crackle-brecciated dolomitic limestone. Sphalerite and barite occur in veinlets and as fill between rock fragments in the breccia. The mineralization occurs in sedimentary layering that is folded across north-northwest trending hinge lines. Sample Analysis & Quality Assurance /Quality Control Laboratories: The soil samples were prepared for analysis at MS Analytical ("MSA") in Cuenca, Ecuador, and the analyses were done in Vancouver, Canada. Sample preparation: The rock samples were jaw-crushed to 10 mesh (crushed material passes through a mesh with apertures of 2 millimetres ("mm")), from which a one-kilogram sub-sample was taken. The sub-sample was crushed to a grain size of 0.075mm and a 200 gram ("g") split was set aside for analysis. Analytical procedure: Approximately 0.25g of rock pulp underwent four-acid digestion and analysis for 48 elements by ICP-MS. For the over-limit samples, those that had a grade of greater than 1% zinc and lead, and 100g/t silver, 0.4g of pulp underwent digestion in four acids and the resulting liquid was diluted and analyzed by ICP-MS. QAQC: Aurania personnel inserted a certified standard pulp sample, alternating with a field blank, at approximate 20 sample intervals in all sample batches. Aurania's analysis of results from its independent QAQC samples showed the batches reported on above, lie within acceptable limits. In addition, the labs reported that the analyses had passed their internal QAQC tests. Tillkännagivande • May 06
Aurania Resources Ltd. Reports on New Epithermal Target Called Kuripan in Its Lost Cities - Cutucu Project Aurania Resources Ltd. reported on a new epithermal target called Kuripan in its Lost Cities - Cutucu Project in southeastern Ecuador. Gold has been panned from streams that drain the target area. The streams where gold was panned drain an area in which silica veinlets that have typical epithermal characteristics, occur in volcanic tuff. Results from stream sediment sampling show that, in addition to gold and silver, the area is enriched in pathfinder elements such as naturally occurring arsenic and antimony. Gold was panned from streams over an area of approximately 12 square kilometres. Pan concentrates returned values of up to 1 gram per tonne ("g/t") and the gold grains have an irregular shape consistent with a local source. Stream sediment sample results have elevated concentrations of silver, arsenic and antimony, and mercury, molybdenum, selenium and thallium. The target area lies within a sequence of black shales and siltstones of the Jurassic Santiago Formation. These strata are extensively silicified in the target area and some chalcedonic silica contains casts of adularia, a key alteration mineral found in low- and intermediate- sulphidation epithermal systems. Banded chalcedonic veinlets are located in volcanic tuff, which is not an ideal host for epithermal veins because the rock is not sufficiently brittle for intense veining to occur. The target for well-developed epithermal veins is the thick lavas beneath the area in which gold occurs at surface. A clay-altered diatreme breccia is located near the target area and near where the adularia casts were found. The diatreme is reminiscent of the lower parts of the maar-diatreme systems at Crunchy Hill and Yawi. The occurrence of adularia with extensive manganese oxide staining suggests that the mineralized system is an intermediate-sulphidation epithermal. Next Steps; Soil sampling teams are operating in the Kuripan area - the intention being to define the area from which the gold is being eroded into the streams. More detailed geological mapping is underway to refine the target with emphasis on the distribution of brittle lavas that lie beneath the target area. Price Target Changed • Apr 21
Price target increased to CA$4.40 Up from CA$3.75, the current price target is provided by 1 analyst. New target price is 79% above last closing price of CA$2.46. Stock is up 13% over the past year. Tillkännagivande • Apr 09
Aurania Resources Ltd. announced that it has received CAD 1.251498 million in funding On April 7, 2021, Aurania Resources Ltd. (TSXV:ARU) closed the transaction. The company issued 403,709 units at a price of CAD 3.10 per unit for gross proceeds of approximately CAD 1,250,000. Each warrant shall entitle the holder to purchase one common share at CAD 4.25 at any time until April 1, 2024. The securities will be subject to a resale restriction of four months and a day from the date of issue. Tillkännagivande • Mar 20
Aurania Resources Ltd. announced that it expects to receive CAD 1.25 million in funding Aurania Resources Ltd. announced private placement of units for gross proceeds of up to CAD 1,250,000 on March 18, 2021. Each Offered Unit is comprised of one common share in the capital of the Company and one Common Share purchase warrant. The transaction is expected to close on or about April 8, 2021. The transaction are subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange of the listing of the Common Shares and Warrants (including the Common Shares and Warrants comprising the Units, the Common Shares issuable upon the exercise of the Warrants, and the Warrants and Common Shares issuable pursuant to the exercise of the Broker Warrants. Is New 90 Day High Low • Mar 05
New 90-day low: CA$3.00 The company is down 23% from its price of CA$3.92 on 04 December 2020. The Canadian market is up 6.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 5.0% over the same period. Tillkännagivande • Mar 03
Aurania Provides Update on Exploration Activities Aurania Resources Ltd. to provide an update on its exploration activities at its Lost Cities - Cutucu Project ("Lost Cities Project") in southeastern Ecuador. At Tsenken N1, the drill hole has reached a depth of 500 metres ("m") after having been held up in a geological fault zone that was cemented to allow drilling to continue. The hole is in red-beds of the Chapiza Formation and the MobileMT target is a conductor that we believe lies near the interface between the red-beds and the underlying limestone and black shale of the Santiago Formation at a depth of approximately 400m below surface, requiring a 600m inclined drill hole. Drilling continues on this target. Drill platforms are being prepared for drilling of the Yawi epithermal gold-silver and copper porphyry targets. The planned drilling is designed to test both the epithermal target and the deeper porphyry target with drilling down to approximately 800m. A larger drill rig will be used for the drilling at Yawi. Note that the Yawi target is being renamed Kuri-Yawi to avoid confusion with Solaris Resources' target of the same name in the Warintza target area 15km south of Aurania's concession area. "Kuri" is the Shuar word for gold. Drill platforms are being sited in a 4 kilometre ("km") segment of the 15km long Tiria-Shimpia silver-zinc target area based on field mapping of laterally continuous silver-zinc bearing sheets that are parallel to the layering in limestone strata. Tillkännagivande • Feb 13
Aurania Resources Ltd. Commences Drilling at Tsenken N1 Target in Ecuador Aurania Resources Ltd. reported that scout drilling has commenced at the Tsenken N1 target in the company's Lost Cities Cutucu Project ("Project") in southeastern Ecuador. The target is a copper-silver mineralized zone exposed at surface, and an underlying area of interest has been identified in MobileMT data. The mineralized zone is expected to be intersected at 75 metres ("m") to 100m below surface, while the MobileMT target is at approximately 700m depth. Previous surface sampling has yielded results of up to 7.1% copper and 55 grams per tonne ("g/t") silver. Heliborne MobileMT is currently being flown in the Awacha area where the target is a cluster of porphyries. The MobileMT survey is being undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada. Tillkännagivande • Feb 09
Aurania Advances Tiria-Shimpia Silver-Gold Target Towards Drilling Aurania Resources Ltd. reported that initial drill sites have been selected to test high-grade silver zones in the Tiria-Shimpia silver-gold target in the company’s Lost Cities – Cutucu Project in southeastern Ecuador. Tiria-Shimpia is a large target area that is over 75 square kilometres in extent. The company’s exploration efforts in this area have been guided by its similarity to the silver-zinc-lead deposits of the Colquijirca district in Peru that contains the Cerro de Pasco deposit that was mined for silver by the Colonial Spanish from the year 1630 – and is still being mined. It appears to be a vein-manto type of environment where silver, zinc, lead and epithermal pathfinders have travelled upwards through faults and then spread laterally along the horizons, replacing limestone (manto in Spanish means “mantle” and denotes flat-lying or nearly so bodies). In plan view, the soil geochemistry is showing enrichments along ridge crests where erosion has cut the mineralized sedimentary layers. It might be hard to visualize, but the anomalies are linear when viewed from above, and so at first glance the mineralization appears as a fault-controlled vein swarm, but mapping is showing mineralization across trend for a distance of up to 3 kilometres. The best way to explain it, is that these are crumpled sheets of mineralized limestone, with vertical feeders, potentially with a width of up to 3 kilometres and a trend of up to 15 kilometres. Outcrops in two streams 1.5 kilometres (“km”) apart on the northwestern margin of the Tiria-Shimpia target shown in Figure 1 contain high-grade silver: the one 356 grams per tonne (“g/t”) with 12.7% zinc. Tillkännagivande • Jan 31
Aurania Resources Ltd. Reports That Its On-Going MobileMT Geophysical Survey Aurania Resources Ltd. reported that its on-going MobileMT geophysical survey has clearly defined a target that has the characteristics of a porphyry at its Yawi target in the Company's Lost Cities Cutucu Project ("Project") in southeastern Ecuador. Porphyries constitute the large source of copper worldwide. The exploration concept derived from the field work and scout drilling was that the porphyry fragments were plucked from a porphyry at depth and the electrically conductive feature identified in the MobileMT data immediately southwest of the diatreme - looks very much like a porphyry. The finger- like conductive area shown in the vertical profile through the MobileMT data shows a feature that looks like the sulphide-bearing core of a porphyry with a resistive cap (Figure 2b) that could be due to widespread silica flooding that could be related with an epithermal system. Profile 1 (Figure 2a), located approximately 800m from Profile 2, shows a more conductive zone extending upwards through the resistive cap; this could be due to the presence of conductive sulphides within the resistive, possibly silica-flooded cap, and represents a target for epithermal-style gold-silver mineralization. The MobileMT has defined other targets in the Yawi area, details of which will be press released when the survey has been extended to fully cover these targets, and when all of the exploration data sets have been integrated in those areas. The east-west profiles shown in Figure 2 are compiled from data measured along north-south orientated lines that were flown at a spacing of 200m to 400m between lines. The Company intends to fly east-west lines so as to obtain more detailed resolution in the target area. The heliborne MobileMT is currently being flown in the central part of Tiria-Shimpia. The MobileMT survey is being undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada. Tillkännagivande • Jan 29
Aurania Appoints Nathalie Han to the Board of Directors Aurania Resources Ltd. reported the appointment of Ms. Nathalie Han to its Board of Directors.
Nathalie is Managing Director and Founder of La Paix Capital AG based in Zurich, which provides
investment advisory services in global energy and natural resources, since 2016 to the present. She is a
resident of Switzerland. Prior to this, she was with Craton Capital (Schweiz) AG in Zurich for over five
years where she was Principal Advisor of a renewable and sustainable resources fund and Board Director,
evaluating equity investments and conducting industry analysis of several global sectors. Nathalie was also
Consultant for Craton Capital (Johannesburg). Is New 90 Day High Low • Jan 27
New 90-day low: CA$3.13 The company is down 15% from its price of CA$3.70 on 28 October 2020. The Canadian market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 3.0% over the same period. Tillkännagivande • Jan 22
Aurania Resources Ltd. Provides Update on Drilling as Mobile Mt Geophysical Survey Aurania Resources Ltd. reports that though significant copper mineralization was intersected in the last three boreholes drilled on the Tsenken N2 and N3 targets, no economic grades were encountered. Copper and pathfinder elements increase in grade from Tsenken N2, through N3, towards the northeast, corroborating the vector determined from geological studies of the drill core. Data from the on-going Mobile MT geophysical survey have now identified the likely centre of the Tsenken North system located along-trend of the vector, approximately 1.5 kilometres to the north of the area in which holes TS-001 to TS-006 were drilled. The Tsenken North target area is located in Aurania's Lost Cities Cutucu Project in southeastern Ecuador. A total of 1,891 metres were drilled in the Tsenken N2 and N3 targets. The last hole, TS-006, reached a depth of 522m. Copper and pathfinder elements increase in grade from Tsenken N2, through Tsenken N3, towards the northeast, confirming the vector determined from alteration minerals observed in the drill core. In addition, results from the ongoing MMT geophysical survey identified two closely spaced conductive features that are likely to be the sulphide-rich centres of the target area, which lies approximately 1.5 kilometres ("km") to the north of the area in which holes TS-001 to TS-006 were drilled (Figure 1). The conductive features have roots that extend vertically downwards to at least 700m below surface. The conductive zones related with Tsenken N2 and N3 are too far from the current exploration camp to be serviced by it and a new camp is needed to support further scout drilling there. In the meantime, another camp has been established to support drilling of the Tsenken N1 target. Heliborne MMT has been flown over the Yawi and Tsenken areas and is now underway in the northern part of Tiria-Shimpia. Initial results have surpassed the Company's expectations these new data dovetail and complement geophysical features from the prior magnetic survey, as well as observations from the field and soil and rock-chip sample results. The MMT survey is being undertaken by MPX Geophysics Ltd. in association with Expert Geophysics Limited, both of Toronto, Canada. The current planning for exploration of the various targets in the Lost Cities Cutucu Project is as follows: Evaluate the cost-effectiveness of extending the MMT survey to completely cover features that extend beyond the margins of the blocks flown at Yawi and Tsenken, and consider flying MMT over targets that were not originally scheduled to be flown. Commence drilling of the Tsenken N1 breccia target. Plan the continuation of scout drilling of more clearly-defined targets at Yawi, based on results
from the MMT survey after the hiatus there. Prepare the first of the targets within the Tiria-Shimpia silver-zinc-lead system for scout drilling. Continue with reconnaissance exploration. This plan is subject to change, as results come in from the MMT survey and targets are shuffled in priority. Tillkännagivande • Dec 18
Aurania Resources Ltd. Announces Evidence of Ancient Infrastructure Emerges Near One of Aurania's Key Targets in Ecuador Aurania Resources Ltd. reported on evidence of ancient roads and peculiar landforms that may be old prospecting or mine sites in the vicinity of the Tiria-Shimpia silver-zinc-lead target area at the Company's Lost Cities - Cutucu Project (the "Project") in southeastern Ecuador. Tiria- Shimpia is developing into one of the larger mineralized areas so far identified in exploration of the Project. Further investigation of the jungle-covered road reported to be visible in LiDAR imagery, supports the concept that it is indeed an engineered structure. Detailed LiDAR profiles leaves little doubt that the crest of the ridge has been artificially flattened and the drainage so well designed that there has been very little erosion of the road-bed, which is up to 100 metres ("m") across in places. Many of the trees growing from the road surface are up to a metre in diameter and are therefore quite ancient. This is referred to as the "eastern road". Another, termed the "western road" runs along a ridge crest approximately 750m to the west. Both roads are located within the Tiria-Shimpia area where high-grade silver-zinc-lead mineralization has been discovered by Aurania. The ridge crest along which the western road lies, is an area where the soil is enriched in silver, lead, zinc and epithermal pathfinder elements such as antimony. Some of the jungle-covered topographic features near both roads are suspected to be small scale open-pit mine sites, and others may be prospecting pits, and these areas will be investigated further in the coming months., Dr. Jeffrey Hedenquist, a consultant with global experience and expertise in epithermal and porphyry systems, visited the Project a year ago and was impressed by the systematic arrangement of the epithermal pathfinder elements around the elongate central, carbonate-hosted area that contains silver-zinc-lead at Tiria-Shimpia. He highlighted similarities with the deposits in the Cerro de Pasco - Colquijirca district in adjacent Peru and recommended that Tiria-Shimpia be advanced as a priority. Dr. Hedenquist also reviewed field evidence at the time that suggests that the level of erosion at Tiria is deeper, and therefore closer to the gold-bearing zone of a typical epithermal system, than at the Company's Crunchy Hill and Yawi epithermal gold-silver targets. Is New 90 Day High Low • Dec 10
New 90-day low: CA$3.20 The company is down 22% from its price of CA$4.09 on 10 September 2020. The Canadian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is down 10.0% over the same period. Tillkännagivande • Nov 19
Aurania Resources Ltd. Reports Extension of Iron Oxide Copper-Gold System Aurania Resources Ltd. reported that the iron oxide copper-gold system identified in the Tsenken N2 target area extends to Tsenken N3, where it strengthens, and the first copper mineralization has been identified in the drill core at the company’s Lost Cities –Cutucu Project in southeastern Ecuador. Assays from holes TS001-003 are awaited to determine whether there is gold in the system, and pathfinder element concentrations should supplement observations from the core to allow the company to vector towards the center of the system. Three drill holes were completed for a total of 645 meters in the Tsenken N2 target area. Holes TS004 and TS005, drilled to a depth of 230m and 494m respectively, were drilled from the same drill platform – hole 4 directed towards the west and hole 5 towards the east. Hole TS006 is collared 1-kilometer north of holes TS004 and TS005 and is likely to be completed by the end of November.