Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Renewing the Search for the Lost Cities
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.
Gaining access. Aurania Resources announced an access agreement with the community of “Kim” in the southern portion of its Lost Cities project. The Kim community is near where Metron, Incorporated projected the potential location of one of the Lost Cities. Recall Aurania engaged Metron, Incorporated to provide data analytic and statistical analysis services to aid the company’s search for two historic gold mining centers, Logrono de los Caballeros and Sevilla del Oro, both believed to be within the Lost Cities project.
Employing big data. Metron used a Bayesian framework to integrate data collected by Aurania, including historical information, maps, topographic data, geologic information, exploration and geophysical survey data, and satellite imagery to produce a probability map of the location of Logrono de los Caballeros based on statistical algorithms. With the recent access agreement, Aurania intends to focus ...
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*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.