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

gold and copper exploration in ecuador forward looking
SMART_READER_LITE
LIVE PREVIEW

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.


slide-1
SLIDE 1

Gold and Copper Exploration in Ecuador

slide-2
SLIDE 2

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

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

  • bligation 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 VP Exploration, Jan-Pol 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.

Forward Looking Statements

slide-3
SLIDE 3

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Executive Overview

3

THE STORY OF AURANIA AND THE LOST CITIES

  • Aurania Resources Ltd. (“Aurania” or The “Company”) was founded

in 2007 under its previous name Urania Ltd., currently trading under the tickers: TSXV:ARU; OTCQB:AUIAF; Frankfurt: 20Q

  • Aurania is a mineral exploration company with a focus on gold and

copper deposits in Southeast Ecuador

  • The Company’s approach has been unique as management has

studied historical literature and maps to locate projects within Ecuador

  • Management has an impressive track record
  • CEO, Keith Barron, discovered Fruta del Norte, currently the largest

underground mine in Ecuador

  • President, Richard Spencer, led teams responsible for San Carlos

Panantza and Mirador porphyry copper and Loma Larga epithermal gold deposits

  • Flagship Asset - The Lost Cities – Cutucu Project
  • Located in the Jurassic Metallogenic Belt in the eastern foothills of the

Andes mountain range of southeastern Ecuador

  • To date, eleven targets for gold-silver mineralization, four porphyry

copper targets and one silver-zinc-lead target have been identified

slide-4
SLIDE 4

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

4

  • CEO, Keith Barron, co-founded Aurelian Resources Inc., an Ecuador

gold explorer, which sold to Kinross Gold for C$1.2 billion

  • President & Director, Richard Spencer, led Gencor Ltd’s exploration

team that made the grassroots discovery of copper and gold in deposits due south and along the trend of the Cutucu Project.

Experienced Management & Board with Proven Track Records in the Area

  • “Lost Cities” - Ancient Spanish literature from the mid-1500s point

to the Cordillera de Cutucu as the location of two historic gold mining sites: Sevilla del Oro and Logrono de los Caballeros

Exploration in a Unexplored Historic Area Large Acreage Position with Upside Potential

  • Aurania has a 100%-owned 2,080 km2 land package along the trend
  • f major gold-copper belt, including its flagship asset, The Lost

Cities-Cutucu Project

  • Management has explored 35% of the land package and already

identified multiple targets

  • New regulations within Ecuador favor the mining industry
  • Major mining players like Anglo American, BHP Billiton, Newcrest

have been seizing the opportunity and acquiring acreage throughout Ecuador

Favorable Mining Jurisdiction INVESTMENT HIGHLIGHTS

Executive Overview

slide-5
SLIDE 5

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

5

LOGROÑO IS CONSIDERED IN WRITINGS FROM THE 1500s AS THE RICHEST GOLD MINE IN THE SPANISH EMPIRE

STAKING OF CONCESSION AREA

Historic Area Today

Map from 1584 clearly implies settlement along the Andes specifically in the “Lost cities” of Sevilla del Oro and Logrono de los Caballeros located in the Cordillera de Cutucu. Five of the seven “lost cities” have been located with the most recent, Nambija, rediscovered in 1981 in the Cordillera del Condor.

slide-6
SLIDE 6

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

  • Over the past decade, Ecuador has implemented major improvements

in the mining industry

  • 2014: The government restructured its mining and tax policies
  • 2018: Supertax on Mining was removed

6

Supportive Government

Under- Explored Majors Piling In

FAVORABLE AND GROWING JURISDICTION

  • Lack of prior government support and incentives in the mining

industry negatively affected the sector and discouraged mineral exploration investment

  • Miners like Anglo American, BHP Billiton, Lundin Gold, Newcrest

among others are expanding their presence in the country

  • Ecuador expects $4 billion to be invested in mining from 2019-2021

Why Ecuador?

slide-7
SLIDE 7

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

IN COUNTRY

7

1 2 3 5

6/4

ECUADOR

8

8

7/4

9

5/9

7 1 2 3 4 5 6

MAJOR PLAYERS IN THE AREA

Ecuador: An Exploration Hotspot

slide-8
SLIDE 8

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

8

Chapiza & Santiago Formations

  • Historical information led to staking of 208,000

Hectares (2,080km2 or 500,000+ acres)

  • Concession area is along-trend of a very well-

endowed mineral belt.

26 Moz Gold 30 Blbs Copper

UNEXPLORED, ON-TREND OF PROLIFIC MINERAL BELT

The Lost Cities – Cutucu Project:

slide-9
SLIDE 9

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

“Epithermal” gold-silver

  • Crunchy Hill
  • Yawi
  • Latorre A, East, West
  • Tinchi
  • Tiria East
  • Tiria West

11 TARGETS

9

“Porphyry” copper & copper-gold

  • Kirus
  • Tsenken
  • Jempe
  • Awacha cluster

“Replacement” silver-zinc-lead

  • Shimpia

SCOUT DRILLING PRIORITY

#1 Crunchy Hill  #2 Yawi 4 TARGETS 1 TARGET

POTENTIAL TARGETS DISCOVERED BY MANAGEMENT

List of Targets to Date

slide-10
SLIDE 10

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

10

The Lost Cities – Cutucu Project lies along-trend of the Cordillera del Condor mineral belt - Aurania’s exploration is focused on finding the same types of deposits that occur in the Cordillera del Condor

LARGE NEARBY DEPOSITS

The Cordillera del Condor

1 2 3 4 5 6 7 8 9 10 Fruta del Norte Santa Barbara Mirador Jerusalem Los Cuyes Soledad

NI43-101 Gold Resources (Moz)

Cordillera del Condor: Gold Resources >1Moz

M&I Inferred

1 2 3 4 5 6 7 8 9 Mirador San Carlos Panantza Mirador Norte Warintza Santa Barbara El Hito

NI43-101 Copper Resources (Blbs)

Cordillera del Condor: Copper Resources >1Blbs

M&I Inferred Source: Company’s websites

slide-11
SLIDE 11

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

11

69%

31%

Moz due to Management Others

77%

23%

Blbs due to Management Others

Of the NI 43-101 resources defined in the contiguous mineral belt, management was involved in the discovery of: 18Moz of the belt’s 26Moz of Gold 23Blbs of the belt’s 30Blbs of Copper

DISCOVERY HISTORY IN THE CONTIGUOUS MINERAL BELT

Management Experience

slide-12
SLIDE 12

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

12

Keith Barron, PhD

CEO & Chairman

  • Exploration geologist with over 33 years experience in the mining sector
  • Co-founded Ecuador gold explorer Aurelian Resources Inc., which sold to Kinross Gold in

2008 for C$1.2 billion

  • Founder and a Director of U3O8 Corp (TSX:UWE), Chairman and Director of Firestone

Ventures (TSXV:FV) and President of Potentate Mining

Richard Spencer, PhD

President and Director

  • PhD geologist with 32 years of experience in mineral exploration with 10yrs living &

working in Ecuador

  • Led Gencor Ltd’s grassroots discovery of 23 billion lbs of copper and 4 million oz (Moz)
  • f gold in deposits along the trend of Aurania’s Project; 3 Moz Loma Larga
  • Other experience includes, Iamgold, Crystallex, & U3O8 Corp.

Gerald Harper, PhD, PEng, Pgeo

Director

Elaine Ellingham, Pgeo

Director

Marvin Kaiser, CPA

Director

  • Geoscientist and professional engineer with 50 years of world wide, resource industry

experience

  • President of Gamah International Limited, a mineral industry consulting firm
  • Executive and geologist with over 30 years of experience
  • Held roles as interim CEO for Richmont Mines Ltd. and Investor Relations with Iamgold,

Campbell Resources Inc., Rio Algom Exploration Inc., and St. Joe Canada Inc.

  • Certified Public Accountant with over 40 years of experience in the mining industry at

companies including the Doe Run Company and Amax Gold Inc.

  • Currently a director of Gryphon Gold Corporation, Uranium Resources Inc. and Apollo

Gold Corporation

OVER 150 YEARS OF COMBINED MINING EXPERIENCE

Management & Board

Alfred Lenarciak

Director

  • Civil and Mining Engineer with 25 years+ of experience in financing and strategic

development of resource companies in North and South America, Africa, Europe & Asia

  • Served on the board of over a dozen TSX-listed companies including Williams Resources,

Minorca Resources, Dayton Mining, McWatters Mining, Unigold and Centurion Minerals

slide-13
SLIDE 13

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

13

  • Request to access exploration areas
  • Supporting Community-Govt Initiatives

Ministry of Environment Outlining conservation corridors Ministry of Health Potable water Providing link between Foundations & local medical centers Ministry of Education Supporting link between Foundations & kids education Ministry of Agriculture Model produce farms to integrate traditional & modern food crops; goal is to improve nutrition and provide source of income

COMMITTED TO OUR HOST COMMUNITIES

Social Responsibility

slide-14
SLIDE 14

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

.02mm .04mm .06mm .08mm .10mm $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019

Volume Share Price

14

AURANIA RESOURCES (TSXV:ARU) (OTCQB: AUIAF) (Frankfurt: 20Q)

Capital Structure

Capitalization Table Shares Outstanding 34.8M Warrants 2.1M Options 1.7M RSUs 67,000 Fully Diluted 39M Share Price (As of 3.25.2019) C$3.90 Market Cap C$136M

* Source CapitalIQ

Research Coverage Analyst Noble Capital Markets Mark Reichman Started trading on: Date Frankfurt Exchange May 17, 2018 OTCQB May 25, 2018

slide-15
SLIDE 15

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

15

MANAGEMENT IS ALIGNED WITH SHAREHOLDERS

Insider Ownership

Insiders 57% Others 43%

slide-16
SLIDE 16

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

16

Recent News

  • March 8, 2019 - Aurania Resources Announces Completion of Rights Offering
  • Jan. 10, 2019 - Aurania’s Grab Sampling at Tsenken-A Target in Ecuador Yields Copper

Grades as High as 9%

  • Nov. 29, 2019 - Aurania Discovers High-Grade Silver-Zinc-Lead Associated with Epithermal

Gold-Silver and Porphyry Copper Targets at its Ecuador Project

  • Aurania reports up to 9% copper with 185 grams per tonne (“g/t”) silver – from

grab samples of rock in streams draining a doughnut-shaped magnetic feature identified as the “Tsenken-A” porphyry target in magnetic data from the Lost Cities – Cutucu Project

  • Aurania reports that its exploration teams have discovered silver-lead-zinc

mineralization in grab samples that run as high as 325 g/t silver, 48% zinc, and 39% lead, discovered between the new Tiria epithermal gold-silver target and the Jempe copper porphyry zone in its Lost Cities – Cutucu Project.

  • The Company has completed its previously announced rights offering raising a

total of $5,254,666.69 in gross proceeds. Proceeds of the offering are intended to fund exploration expenses, including scout drilling, concessions fees to maintain the Lost Cities – Cutucu

slide-17
SLIDE 17

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

17

Corporate Strategy

slide-18
SLIDE 18

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

18

  • Ecuador is an exploration hot spot
  • Large, unexplored 2080 km2 (500,000+ acres) property;

100%-owned along trend of major gold-copper belt;

  • Experienced team with track record of discoveries along

trend in southern Ecuador;

  • Multi target potential with only 35% of area explored:
  • Sequenced exploration approach
  • First target – drilling underway
  • Other targets stacking up for advancement to drilling
  • Committed to community engagement
  • Management & Board own 57% of shares - aligned with

shareholders

The Opportunity Summary

slide-19
SLIDE 19

TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

19

Corporate Office

36 Toronto Street, Suite 1050 Toronto, ON M5C 2C5, Canada (416) 367-3200 ir@aurania.com

Social Media

@AuraniaLtd @AuraniaLtd Aurania Resources

  • Dr. Keith Barron, CEO and Chairman

keith@aurania.com

  • Dr. Richard Spencer, President and Director

richard.spencer@aurania.com

Donna McLean, Chief Financial Officer

donna.mclean@aurania.com

Carolyn Muir, Manager, Investor Services

carolyn.muir@aurania.com

Watch our video series!

www.aurania.com

CONTACT