Tuesday, August 09, 2022

Aurania Resources (AUIAF)
Sowing the Seeds for a Successful Drilling Program

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Geological mapping update. As a follow up to our note published on July 27, geological mapping at the company’s porphyry copper-gold target Tatasham is expected to be completed in the next few weeks. The second phase of mapping at the company’s porphyry copper-gold Awacha target is planned to start by the end of August.

Excitement builds around Tatasham and Awacha. The geological mapping program, under the guidance of Dr. Steve Garwin, Senior Technical Advisor, employs the Anaconda mapping method to define drill targets at Tatasham and Awacha. The Anaconda method owes its name to Anaconda Copper where it was developed in the 1960s and 1970s and was instrumental in the discovery and resource expansion of several porphyry copper-gold deposits, including the Alpala deposit in the the Cascabel concession in Ecuador, and the Cortadera deposit in Chile. In our view, the comprehensive mapping program should support a productive drilling program and enhance the probability of successful outcomes….

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.