Tuesday, April 26, 2022
Aurania Resources (AUIAF)(ARU:CA)
Exploration Focuses on Three Main Target Areas
As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.
Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Focused exploration strategy. Following an internal review of its projects, target types, and funding strategies, Aurania announced in February that it would focus its resources on the exploration of its core mineral concessions in Ecuador, including epithermal gold and porphyry copper targets. The company is exploring joint ventures and partnerships to advance non-core mineral concessions that include sediment-hosted copper-silver and carbonate replacement silver-zinc-lead targets.
Priorities in 2022. Exploration will support the refinement of drilling plans for the Awacha porphyry copper target, and Kuri-Yawi B1 and Kuripan epithermal gold-silver targets. We anticipate drilling could begin at Awacha in the first quarter of next year. Recall that an access agreement was signed with the communities around the Awacha porphyry copper target area in January. Geophysics work has …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.
