Gold and Copper Exploration in Ecuador
Gold and Copper Exploration in Ecuador Forward Looking Statements - - PowerPoint PPT Presentation
Gold and Copper Exploration in Ecuador Forward Looking Statements - - PowerPoint PPT Presentation
Gold and Copper Exploration in Ecuador Forward Looking Statements This presentation contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania.
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Forward Looking Statements
2018-01-10 2
This presentation contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this presentation includes, but is not limited to, Aurania’s company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the company’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Transaction on the terms as proposed, failure to obtain the required approvals of the Aurania’s shareholders and regulators, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate the indigenous communities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on
- SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this presentation are
reasonable, undue reliance should not be placed on such information, which only applies as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The technical information contained in this presentation has been verified and approved by Aurania's Chief Geologist, Jean-Paul Pallier, a designated EurGeol by the European Federation of Geologists and "Qualified Person" for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.
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Investment Highlights
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People
– Multiple prior discoveries in Ecuador – CEO Keith Barron responsible for discovering Fruta del Norte epithermal gold/silver deposit – President Richard Spencer led teams responsible for discovery of San Carlos, Panantza, Mirador porphyry copper and Loma Larga gold deposits
Jurisdic iction: : Ecuador
– Government moving towards mining for economic growth
The e Lost t Cities – Cutuc ucu Project
– Favourable geological setting – Along trend of major gold-copper discoveries – Proprietary historical information provides unique insight
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Board of Directors
4
Keith Barron
Ph.D.
CEO and Chairman
Richard rd Spence ncer
Ph.D., P.Geo., C.Geol.
Pr President and Director
Gerald Harper
Ph.D., P.Geo.
Director
Marvi vin Kaiser
Retired CFO
Director
El Elaine El Ellingham
M.Sc., MBA, P.Geo.
Director
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Management
5
Monica Ospina na
M.Sc.
Head of
- f CSR
Keith Barron
Ph.D.
CEO and Chairma man
Richard rd Spence cer
Ph.D., P.Geo, C.Geol.
Pr President and Director
Donna McLean
B.A.
CFO
Jean Paul Palli llier
M.Sc., EurGeol.
VP VP-Explorati tion
Carolyn Muir
- B. Sc
Sc.
Mana nager – Investor Service ces
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Capital Structure
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ARU 27,335,625 1,600,445 2,315,000 31,251,070 4.40 120MM
Debt
US$1MM deferred payment relating to acquisition of Ecuasolidus S.A. (corporate entity in which the Lost Cities - Cutucu concessions are held)
Condi ditions
- Due date: May 29, 2018
- 2% Annual interest rate
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Insiders 61% Others 39%
Share reholder r Base
Corporate Snapshot
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Rece cent t Financ ncing
April 2017 C$2.00 3,200,890 1,816,745 C$3.00 Oct, 2018 1.7MM 415K 150K 430K C$0.40 $C0.60 C$2.30 C$2.00 April, 2018 July, 2021 May, 2022 Nov, 2022
Options
1yr Share re Price ce
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The Opportunity
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- Management discovered mines along-trend
- Concession area never systematically explored with
modern techniques
- Proprietary historical information
- Ecuador: a pro-mining jurisdiction
- Excellent potential for world class deposits
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People
- Dr. Keith Barron
Ph.D
2018-01-10 9
- Aurania’s CEO and Chairman
- Exploration geologist with over 33
years experience in the mining sector
- 2003 discovered Fruta del Norte gold-
silver deposit - sold for $1.2B
- Awarded 2008 Thayer Lindsley
International Discovery Award
- Named the Northern Miner’s 2008
Mining Man of the Y ear
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People
- Dr. Richard Spencer
Ph.D., P.Geo., C.Geol.
2018-01-10 10
- Aurania’s President and Director
- Lived in Ecuador for 10 years
- Led Gencor’s exploration team in
discovery of porphyry district:
- 24 billion lbs copper
- 4 million oz gold
- Discovered Loma Larga
epithermal gold – silver deposit for Iamgold
- 3 million oz gold
- 27 million oz silver
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Jurisdiction
Ecuador: Government Investment
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Government spent US $136 million on infrastructure near future mines prior to receiving any royalties/taxes from mining.
Pangui Health Clinic Los Encuentros School
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Jurisdiction
Ecuador: Exploration Hotspot
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1 2 3 5 5 7
4/6
2 2
ECUADOR
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Jurisdiction
Multiple Deposits Being Development
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Mines s Under r Const struc uction Advanc nced d Exploration n and d Resou
- urce
ce Definition
- Fruta del Norte (Gold-Silver)
Lundin Gold;
- San Carlos & Mirador (Copper
and Copper-Gold) China National Rail;
- Loma Larga (Gold-Silver-Copper)
INV Metals;
- Santa Barbara (Gold-Copper) Lumina
Gold;
- Cangrejos (Gold-Copper) Lumina Gold;
- Cascabel (Copper-Gold) SolGold;
- Llurimagua (Copper) Codelco;
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Project
Nambija, Ecuador
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Nambija is one of Ecuador’s Lost Cities rediscovered in 1981
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Project
Sevilla del Oro, Ecuador
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“Sevilla del Oro is the richest mine in the Indies”
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Project
Historic Timeline: The Lost Cities
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Logroño de los Caballeros founded, reported 4,100 troy oz in first year Logroño destroyed and re-established. Sevilla del Oro founded. Logroño subjected to daily attacks by the Jibaro Indians Logroño destroyed Last attempt to restore Logroño to the Crown
1564 4 157 575/157 /1576 6 1582 2 1594 1605 1616 2003 2006 2016
Keith Barron starts historical research Keith Barron discovers Fruta del Norte gold deposit 12 years of historical research lead to application for 208,000Ha of exploration concessions in Cordillera de Cutucu Logroño abandoned
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Project
T wo of Ecuador’s Lost Cities
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Approximate coverage of Lost Cities – Cutucu exploration concessions
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Project
Prime Discovery Potential
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- Large land position (2,080km2)
- Underexplored concessions
- Known mineral belt extends across concession area
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Project
Exploration Approach
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Project
Favourable Geology
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Fruta del Norte pull-apart shown at the same scale as the Cutucu map Fruta del Norte gold deposit
Similar geological framework that hosts deposits in the Cordillera del Condor are evident in The Lost Cities – Cutucu Project
10km Pull-apart basins interpreted from satellite imagery over Lost Cities – Cutucu Project Schematic pull-apart basin at a jog in a right-lateral fault
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Project
Stream Sediments: V
- latile Elements Define Upper
Parts of Epithermal Gold-Silver Deposits
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Fruta del Norte – illustrates that volatile pathfinders flag blind epithermal gold-silver deposit. Same model being applied in Lost Cities – Cutucu Project
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Project
Geophysics - Magnetics
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Awacha Target: Porphyry cluster target compared with SolGold’s Cascabel Project
Awacha Target: Reduction to the Pole (RTP) magnetic data SolGold’s Cascabel Project: RTP data (Source: SolGold)
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Project
Next Steps
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- Continued stream sediment sampling
- Detailed exploration of prioritized targets
- Soil sampling
- Selection of targets for scout drilling in H2, 2018
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Why Invest?
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People
– Track record of major discoveries in adjacent area – Large insider equity position – Committed to community engagement
Jurisdic diction n
– Pro-mining government
Potential al for World d Class Deposi sits
– Underexplored concession block – Favourable geological setting – Along trend of major gold-copper belt – Proprietary historical info provides unique insight
Unique e Opportunity
– One of the last exploration frontiers – Multiple epithermal gold-silver & porphyry copper deposits emerging – opportunity to maximize shareholder value through multiple JV’s / SpinCos – Strong news flow
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Contact
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Corporate e Office ice
36 T
- ronto Street, Suite 1050
T
- ronto, ON M5C 2C5, Canada
(416) 367-3200 ir@aurania.com
Social ial Media ia
@AuraniaLtd @AuraniaLtd Aurania Resources
- Dr. K
Keith Barron, CEO and Chairman keith@aurania.com
- Dr. R
Richard rd Spence ncer, r, President and Director richard.spencer@aurania.com Donna McLean, , Chief Financial Officer donna.mclean@aurania.com Carolyn n Muir, Manager –Investor Services carolyn.muir@aurania.com