Mining Co. to Explore Three Core Mineral Assets in 2022


“The company is well-positioned for a productive year,” noted a Noble Capital Markets report.

This year, Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) intends to concentrate on doing further exploration work at three core mineral concessions at its Lost Cities–Cutucu project in Ecuador: Awacha, Kuri-Yawi B1 and Kuripan, reported Noble Capital Markets analyst Mark Reichman in an April 26 research note.

“The company is well-positioned for a productive year, and we think exploration at the Awacha copper porphyry target could provide near-term catalysts for the stock,” wrote Reichman.

As for Awacha, geophysics work confirmed the presence of a porphyry there, Reichman pointed out. Management thinks Awacha may host a cluster of porphyries. Currently the team is refining drill plans for this target, and thus, drilling could start in as early as Q1/23.

Unlike Awacha, Kuri-Yawi B1 and Kuripan are epithermal gold-silver targets.

Regarding its noncore assets, noted Reichman, the Canadian explorer is seeking partnerships or joint ventures to advance those. Any developments in this regard could move up Aurania’s share price.

In other news and to help the mining company advance its work plan for this year, Aurania recently beefed up its technical team. Specifically, it appointed Dr. Steve Garwin as its senior technical advisor and a geological consultant. With 30-plus years of minerals exploration experience, Garwin is an expert on porphyry, epithermal, and Carlin-type mineralization. He has worked with 35 mining firms and on projects in about 20 countries.

“The addition of Dr. Garwin should strengthen exploration activities and enhance the likelihood of successful drilling outcomes,” wrote Reichman.

Noble has an Outperform rating and $1.15 per share price target on Aurania, the current share price of which is around $0.45.


Want to be the first to know about interesting Gold, Base Metals and Silver investment ideas? Sign up to receive the FREE Streetwise Reports’ newsletter. Subscribe

Disclosures

1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aurania Resources Ltd., a company mentioned in this article.

Disclosures for Noble Capital Markets, Inc., Aurania Resources Ltd., April 26, 2022

The following disclosures relate to relationships between Noble and the company (the “Company”) covered by the Noble Research Division and referred to in this research report.

The Company in this report is a participant in the Company Sponsored Research Program (“CSRP”); Noble receives compensation from the Company for such participation. No part of the CSRP compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed by the analyst in this research report.

Noble has arranged non-deal roadshow(s) with investors in the last 12 months. The Company has attended Noble investor conference(s) in the last 12 months.

Noble intends to seek compensation for investment banking services and non-investment banking services (securities and non-securities related) within the next 3 months.

Noble is not a market maker in the Company.

ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE: Mark Reichman, Senior Research Analyst, Natural Resources, Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis.
Named WSJ ‘Best on the Street’ Analyst and Forbes/StarMine’s “Best Brokerage Analyst.”
FINRA licenses 7, 24, 63, 87.

RESEARCH ANALYST CERTIFICATION

Independence Of View
All views expressed in this report accurately reflect my personal views about the subject securities or issuers.

Receipt of Compensation
No part of my compensation was, is, or will be directly or indirectly related to any specific recommendations or views expressed in the public appearance and/or research report.

Ownership and Material Conflicts of Interest
Neither I nor anybody in my household has a financial interest in the securities of the subject company or any other company mentioned in this report.



Read The Original Article