Aurania Appoints Corporate Secretary and Provides Highlights from Year End Financial Statements

In This Article:

Toronto, Ontario--(Newsfile Corp. - April 25, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce the appointment of Ms. Carolyn Muir as Corporate Secretary of the Company, in addition to her role as Vice President, Corporate Development & Investor Relations. The Company also reports that its Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2024, are available under Aurania's public filings on SEDAR+ at www.sedarplus.com and on the Company's website. Highlights are described below.

Highlights from Management's Discussion and Analysis

During the fourth quarter of 2024, the Company advanced drill target definition at its Kuri-Yawi gold target through detailed geophysical surveys and geological mapping. Preliminary results show a large vertical conductive corridor aligned with thallium-rich chalcedony veins, sinters and hydrothermal alterations, key indicators of epithermal systems. Two main chargeability structures were identified, interpreted as potential mineralized zones. Ongoing data integration will guide preparations for a future drill campaign.

The Anaconda mapping program at the Awacha porphyry copper target area was completed during 2024. Initial geological reconnaissance has confirmed an area of interest through the observation of porphyric intrusive showing potassic and sericite alteration with the presence of quartz veins with chalcopyrite traces. Next steps will consist of an interpretation of all the data collected with the realization of thematic maps to define the most prospective area of interest.

During 2024, Aurania's CSR activities supported clean water access, education, and women's entrepreneurship across the communities in its areas of influence in Ecuador, including the launch of a micro-business program, school and library construction, and community-based training initiatives.

The Swiss challenge and public consultation phases associated with the application for a 51 km² exploration permit-located immediately adjacent to the South Armorican Shear (cisaillement sud-armoricain) in the Brittany Peninsula of northwestern France-have now been completed, and the Company continues to advance through the progress of the application.

The Company signed non-binding memoranda of understanding with the Communes of Ogliastro and Nonza in Cap Corse, Northern Corsica, France, for the exploitation of heavy mineral beach placers that are highly enriched in nickel (Ni) and other metals. The nickel-bearing mineral in the black magnetic sand is awaruite, a naturally occurring nickel-iron alloy, which is both of high specific gravity (dense) and of high magnetic susceptibility (magnetic).