Aurania Resources


Primary ticker: TSXV:ARU, OTCQB:AUIAF, Frankfurt:20Q
Stage of development: Exploration
Primary minerals: Copper, Gold, Silver, Zinc
Project to promote: The Lost Cities – Cutucu Project
Project location: Ecuador

Corporate presentation: Click here

Aurania is a mineral exploration company whose principal business is the exploration and development of natural resources, principally gold and copper, in Ecuador. The Company’s focus is to explore its principal mineral property, the Lost Cities – Cutucú Project, an area in southeastern Ecuador that hasn’t been explored since Spanish colonial times.

Aurania’s Chairman & CEO, Dr. Keith Barron was involved in the grassroots discovery of the Fruta del Norte gold mine currently in production by Lundin Gold. Aurania is applying similar exploration techniques at its Lost Cities – Cutucu Project. Porphyry copper targets are being refined in preparation for drill testing in Q4 2022.

Cash: CAD$800,000 (June 30/22)

Major shareholders:
Keith Barron – 39%
Swedish Retail – 9%
Ecuadorian HNW – 7%
Management Ownership – 40%

Management Profile

Dr. Keith Barron – Chairman, CEO & President

Dr. Keith Barron, Chairman, CEO & President, has been involved as an Exploration Economic Geologist and entrepreneur for over 39 years, in more than nineteen countries. His major expertise is in gold and precious gems, though he has considerable experience in base metals, uranium and industrial minerals. His doctoral thesis documented the world’s oldest epithermal gold-silver deposit at Springpole Lake in Canada. In 2001, he privately co-founded Ecuador gold explorer Aurelian Resources Inc., which was listed on the TSX-V in 2003 and made the colossal Fruta del Norte gold discovery in 2006. The company was bought by Kinross Gold in 2008 for $1.2 billion. He is President and Director of Firestone Ventures (TSXV:FV) and President of Potentate Mining in Montana, USA, the world’s second largest sapphire miner. He has served as a Director of several other listed companies. At the PDAC convention in March 2008 he was awarded the Thayer Lindsley International Discovery Award for his role in the discovery of the Fruta del Norte gold deposit and he was also jointly named the Northern Miner’s Mining Man of the Year 2008. He holds a PhD in Geology from the University of Western Ontario and a BSc. (Hons) in Geology from the University of Toronto.

What is your rationale for taking part in 121 Mining Investment?

We expect to commence drilling at porphyry copper targets in Ecuador in Q3 2022. These targets have never been drilled. We are also looking for joint venture partners to advance our gold, copper and sediment-hosted targets.

What recent news would you like to highlight to investors attending?

Aurania expects to commence drilling at porphyry copper targets in Q4 2022.

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Advance joint venture discussions; receive drill program assays/continue exploration and drilling.

6 Months:
Secure a joint venture partner (or multiple JV partners) on our large property area; continue refining other targets to drill-ready stage.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

As an exploration stage company, having sufficient funds to continue exploration/drilling is always a challenge. Other key risks include country risk and social risk. We continue to have an open dialogue with government officials and are working closely with our local communities in Ecuador.

What do you think makes your company such a compelling investment?

Large contiguous, multi-commodity property in southeastern Ecuador – an area that has not been explored since the time of Spanish conquistadors.

What are the top 3 key investor takeaways?

Aurania’s project is located in a highly prospective mineral belt in southeastern Ecuador; CEO, Keith Barron owns 39% of shares outstanding, is aligned with shareholders and was previously involved in the largest gold discovery in Ecuador’s history – Fruta del Norte (now in production by Lundin Gold); Aurania’s team is expected to commence drilling copper porphyry targets in late 2022.