Gold and Copper Exploration in Ecuador Forward Looking Statements - - PowerPoint PPT Presentation

gold and copper exploration in ecuador forward looking
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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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Gold and Copper Exploration in Ecuador

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TSXV:ARU

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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TSXV:ARU

Investment Highlights

2018-01-10 3

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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TSXV:ARU

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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TSXV:ARU

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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TSXV:ARU

Capital Structure

2018-01-10 6

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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TSXV:ARU

Insiders 61% Others 39%

Share reholder r Base

Corporate Snapshot

2018-01-10 7

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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TSXV:ARU

The Opportunity

2018-01-10 8

  • 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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TSXV:ARU

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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TSXV:ARU

People

  • Dr. Richard Spencer

Ph.D., P.Geo., C.Geol.

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  • 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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TSXV:ARU

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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TSXV:ARU

Project

Nambija, Ecuador

2018-01-10 14

Nambija is one of Ecuador’s Lost Cities rediscovered in 1981

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TSXV:ARU

Project

Sevilla del Oro, Ecuador

2018-01-10 15

“Sevilla del Oro is the richest mine in the Indies”

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Project

Historic Timeline: The Lost Cities

2018-01-10 16

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

2018-01-10 19

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Project

Favourable Geology

2018-01-10 20

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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TSXV:ARU

Project

Stream Sediments: V

  • latile Elements Define Upper

Parts of Epithermal Gold-Silver Deposits

2018-01-10 21

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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TSXV:ARU

Project

Geophysics - Magnetics

2018-01-10 22

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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TSXV:ARU

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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TSXV:ARU

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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TSXV:ARU

Contact

2018-01-10 25

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