Gold and Copper Explorat ion in Ecuador
Forward Looking Statements This present at ion cont ains forward-looking informat ion t hat involves subst ant ial known and unknown risks and uncert aint ies, most of which are beyond t he cont rol of Aurania. Forward-looking st at ement s include est imat es and st at ement s t hat describe Aurania’ s fut ure plans, obj ect ives or goals, including words t o t he effect t hat Aurania or it s management expect s a st at ed condit ion or result t o occur. Forward-looking st at ement s may be ident ified by such t erms as “ believes” , “ ant icipat es” , “ expect s” , “ est imat es” , “ may” , “ could” , “ would” , “ will” , or “ plan” . S ince forward- looking st at ement s are based on assumpt ions and address fut ure event s and condit ions, by t heir very nat ure t hey involve inherent risks and uncert aint ies. Alt hough t hese st at ement s are based on informat ion current ly available t o Aurania, Aurania provides no assurance t hat act ual result s will meet management ’ s expect at ions. Risks, uncert aint ies and ot her fact ors involved wit h forward-looking informat ion could cause act ual event s, result s, performance, prospect s and opport unit ies t o differ mat erially from t hose expressed or implied by such forward-looking informat ion. Forward-looking informat ion in t his present at ion includes, but is not limit ed t o, Aurania’ s company’ s obj ect ives, goals or fut ure plans, st at ement s, explorat ion result s, pot ent ial mineralizat ion, t he company’ s port folio, t reasury, management t eam and enhanced capit al market s profile, t he est imat ion of mineral resources, explorat ion and mine development plans, t iming of t he commencement of operat ions and est imat es of market condit ions. Fact ors t hat could cause act ual result s t o differ mat erially from such forward-looking informat ion include, but are not limit ed t o, failure or inabilit y t o complet e t he Transact ion on t he t erms as proposed, failure t o obt ain t he required approvals of t he Aurania’ s shareholders and regulat ors, failure t o ident ify mineral resources, failure t o convert est imat ed mineral resources t o reserves, t he inabilit y t o complet e a feasibilit y st udy which recommends a product ion decision, t he preliminary nat ure of met allurgical t est result s, delays in obt aining or failures t o obt ain required government al, regulat ory, environment al or ot her proj ect approvals, polit ical risks, inabilit y t o fulfill t he dut y t o accommodat e t he indigenous communit ies, uncert aint ies relat ing t o t he availabilit y and cost s of financing needed in t he fut ure, changes in equit y market s, inflat ion, changes in exchange rat es, fluct uat ions in commodit y prices, delays in t he development of proj ect s, capit al and operat ing cost s varying significant ly from est imat es and t he ot her risks involved in t he mineral explorat ion and development indust ry, and those risks set out in Aurania’ s public document s filed on S EDAR. Although Aurania believes t hat t he assumpt ions and fact ors used in preparing t he forward-looking informat ion in t his present at ion are reasonable, undue reliance should not be placed on such informat ion, which only applies as of t he dat e of t his present at ion, and no assurance can be given t hat such event s will occur in t he disclosed t ime frames or at all. Aurania disclaims any int ent ion or obligat ion t o updat e or revise any forward-looking informat ion, whet her as a result of new informat ion, fut ure event s or ot herwise, ot her t han as required by law. The t echnical informat ion cont ained in t his present at ion has been verified and approved by Aurania's Chief Geologist , Jean-Paul Pallier, a designat ed EurGeol by t he European Federat ion of Geologist s and "Qualified Person" for t he purpose of Nat ional Inst rument 43-101, S t andards of Disclosure for Mineral Proj ect s of t he Canadian S ecurit ies Administ rat ors. 2018-10-03 TSXV:ARU 2
Ecuador: An Exploration Hotspot 6/4 1 ECUADOR 2 3 2 2 9 8 7/4 5/9 5 8 2018-10-03 TSXV:ARU 3
Multiple Deposits Being Developed Advanced Exploration and Mines Under Construction Resource Definition S anta Barbara (Gold-Copper) Lumina Fruta del Norte (Gold-S ilver) Lundin Gold; Gold; Cangrej os (Gold-Copper) Lumina S an Carlos & Mirador (Copper and Gold; Copper-Gold) China National Rail; Cascabel (Copper-Gold) S olGold; Loma Larga (Gold-S ilver-Copper) INV Metals; Llurimagua (Copper) Codelco; Rio Blanco (Gold-S ilver) Junefield 2018-10-03 TSXV:ARU 4
Historic Timeline: The Lost Cities 2018-10-03 TSXV:ARU 5
Nambija, Ecuador Nambij a is one of Ecuador’s Lost Cities rediscovered in 1981 2018-10-03 TSXV:ARU 6
Two of Ecuador’s Lost Cities 1584 Map: LOGROÑO IS CONSIDERED IN CONTEMPORARY WRITINGS AS THE RICHEST GOLD MINE IN THE SPANISH EMPIRE 7 TSXV:ARU
Historic Area Today Staking of Concession Area 1584 MAP 2018 S atellite Image UPANO RIVER 8 TSXV:ARU
The Lost Cities – Cutucu Project: Unexplored, On-trend of Prolific Mineral Belt • Historical information led to staking of 208,000 Hectares (2,080km 2 ); • Concession area is along-trend of a very well-endowed mineral belt. 26 Moz Gold 30 Blbs Copper Chapiza & S ant iago Format ions 2018-10-03 TSXV:ARU 9
Management’s Discovery History in the Contiguous Mineral Belt Of the NI43-101 resources defined in the contiguous mineral belt, management was involved in the discovery of: • 18Moz of the belt’s 26Moz of gold • 23Blbs of its 30Blbs of copper Copper Gold 23% 31% 69% 77% Moz due t o Management Others Blbs due to Management Others 2018-10-03 TSXV:ARU 10
Exploration – Multiple Targets Identified • 7 epithermal targets for gold: • 6 in Latorre District; • Charip 50km from Latorre • Awacha porphyry cluster – 13 possible copper targets 2km Crunchy Hill 2018-10-03 TSXV:ARU 11
1. Reconnaissance: Stream Sediment Sampling 1 st drill target: Crunchy Hill ~1,500m scout- drilling planned in 5 holes 2018-10-03 TSXV:ARU 12
2. Follow-Up: Crunchy Hill Soil Geochemistry 2018-10-03 TSXV:ARU 13
Latorre District – Sinter Vectors Reed stem casts Pseudocolumnar geyserite Geyser pearls 5cm “ Geyser pearls” – silica Wet land area: S t ems encrust ed with accumulat es around nuclei in silica precipitat ing from cooling up-flow areas of st eaming pools wat er & t hen t he plant mat t er decays t o leave a silica t ube Temperature (° C) Fluid flow channels (fissures) are main sites of precious metal deposition Schematic sinter from Hamilton et al., 2017. Miner Deposita 52: 181-196 14 TSXV:ARU
Crunchy Hill: Target Concept Discovery of FDN • FDN-type (Intermediate graphic from Aurelian Resources presentation 2006 S ulphidation), blind target expected (i.e. target expected to lie beneath barren cover rocks); • Ground magnetic survey to help define structure; S inter • IP geophysics survey contemplated – would identify areas of high sulphide content usually associated with gold; and • Latorre District – S tratigraphic control expected on mineralization – i.e. veins likely to be confined to specific rock layers 2018-10-03 TSXV:ARU 15
Next Steps Stream sediment sampling continues to lead the way: - - 20% of area covered - Local staff being trained to accelerate this work Detailed exploration of prioritized targets: - - Latorre District (Y awi emerging as a key target), Awacha, Charip Development of targets for scout drilling in Q4’18: - - Crunchy Hill - Line up 3 or 4 other targets for scout -drilling 2018-10-03 TSXV:ARU 16
Capital Structure Ave Vol Exchange Symbol (30d) 32M ARU 10,144 2.4M 20Q - 1.5M AUIAF 8,000 124,500 36M Others 2.23 43% Insiders 80MM 57% S tarted trading on: • Frankfurt Exchange on May 17, 2018 • * As at S OTCQB in the US A on May 25, 2018 eptember 6, 2018 2018-10-03 TSXV:ARU 17
Recent Financing 2,219,400 units, consisting of one common share and one half of one common share purchase warrant; each whole warrant allows holder to subscribe for one common share at price of $3.00 per common share 2.00 per unit 18 months from the closing dates Non-brokered private placement; $4.44M gross proceeds raised (T1 closed June 29, 2018 and final tranche closed S ept 6, 2018) Mineral exploration, including continuing geochem sampling survey and prospecting, additional geophysical surveys over specific target areas, and remote sensing, all with focus on refining drill targets, and for general working capital S ecurities issued are subj ect to 4 month and one day hold period after closing date 2018-10-03 TSXV:ARU 18
Share Price Performance Key Announcements Jan 2018 Jan 2018 Bloomberg May 2018 Latorre Newsletter article Y awi epithermal Published published target target C$5 identified identified Nov 2017 Geophysics April 2018 survey Aug 2017 C$4 Charip completed Geophysics target survey identified C$3 starts C$2 April 2018 April 2018 Full Crunchy Dec 2017 Awacha concession Hill target target identified package identified renewed 2018-10-03 TSXV:ARU 19
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