aura resources inc....this presentation may contain forward looking statements that are made as of...

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AURA RESOURCES INC. Experience + Good Properties + Sensible Jurisdictions SUCCESS!

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Page 1: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

AURA RESOURCES INC.

Experience + Good Properties + Sensible Jurisdictions

SUCCESS!

Page 2: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

FORWARD LOOKING STATEMENTSThis presentation may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, the private placement financing activities of the Company, plans and references to the Company’s future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the ‘safe harbour’ provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this presentation not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura Resources Inc. does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Page 3: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Aura’s Projects • Jefferson Canyon, Nye County, Nevada In 2019, entered into an option agreement to earn a 100% interest; 2019 rock sampling confirms historical surface Au-Ag anomalies; Known Au-Ag deposit in great jurisdiction.

• Gold Chain project, Western Arizona 2018 acquisition: a known gold deposit deserving a fresh look and modern technology.

• Greyhound, Nunavut: Active JV with Agnico Eagle43.5% ownership & participation in Technical

Committee; Au, Ag & base metal exploration

• Higo Blanco, Oaxaca, MexicoMaintains 20% non-diluting ownership in this large Au-Ag epithermal system; Minaurum Gold Inc. operating and funding exploration

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Page 4: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Jefferson Canyon Project, Nye Co., Nevada

• A large volcanic-hosted epithermal Au-Ag system located9km east of the Round Mountain mine, a world-class low-sulfidation epithermal deposit (>15M oz. Au);

• Similarities to Round Mountain including age, both arehosted in felsic ash-flow tuffs along the margins of calderasand both contain a strong northwest-trending structuralcontrol to veins; and

• Extensive surface Au-Ag mineralization with coincidentalteration and supporting geophysics.

Page 5: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

“Round Mountain’s proximity is a constant reminder of what Jefferson Canyon could mean to Aura Resources” Robert Johansing, CEO & President, Aura Resources

Page 6: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Significant Drill ResultsFrom 1969 thru 1986, 134 holes (10 core) delineated a 1.5 x .3km corridor of Au-Ag mineralization. Two zones are partially defined:Central Ag-rich Zone A: 47.2m @ 78.8 g/t Ag,

42.7m @ 54.5 g/t Ag, 48.8m @ 80.7 g/t Ag, and27.4m @ 0.88 g/t Au.

- remains open to northwestPeripheral Au-rich Zone B: 19.8m @ 0.99 g/t Au,

25.9m @ 8.63 g/t Au, 44.2m @ 1.13 g/t Au, 32m @ 0.85 g/t Au; and 56.4m @ 0.63 g/t Au.

- open along strike and at depth.

Page 7: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Surface rock sampling (historical & 2019) reveals significant zones of gold enrichment across JCP

Page 8: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Surface rock sampling (historical & 2019) reveals significant zones of silver enrichment across JCP

Page 9: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Rock sampling by Aura in 2019 supports historical data base and expands potential

JCP-001 A Dump 0.15 240.4 121018 B Chip 0.03 0.3JCP-002 A Dump 0.53 222.5 121019 A Chip 0.64 99.0JCP-003 A Channel 1 0.03 6.8 121020 A Dump 0.99 233.9JCP-004 B Float 8.20 344.3 121021 A Chip 0.08 5.6JCP-005 B Grab 2.98 160.4 121022 A Chip 0.71 629.0JCP-006 B Dump 26.10 2975.0 121023 A Chip 0.12 2.6JCP-007 A Dump 0.24 151.3 121024 A Chip 0.11 17.0121001 B Chip 0.53 1.8 121025 A Dump 0.74 323.9121002 B Channel 1.5 0.78 8.3 121026 A Chip 0.39 5.2121003 B Chip 0.03 0.9 121027 A Chip 0.28 34.7121004 B Channel 1 0.56 32.1 121028 A Chip 0.40 74.5121005 B Channel 0.5 6.82 4.3 121029 A Channel 1 0.23 17.6121006 B Float 0.05 0.4 121030 NW Gold Dump 15.20 133.9121007 B Chip 2.07 19.4 121031 NW Gold Dump 3.47 289.0121008 B Chip 0.12 0.7 121032 NW Gold Channel 2 0.88 4.6121009 B North Chip 0.67 5.4 121033 NW Gold Dump 0.60 126.0121010 B North Chip 1.58 8.0 121034 NW Gold Dump 0.28 421.4121011 B North Chip 1.09 3.9 121035 A Dump 0.33 89.8121012 B North Chip 3.59 10.4 121036 B Chip 0.26 3.4121013 B North Dump 12.10 234.9 121037 A Chip 0.87 64.0121014 B North Chip 1.88 3.8 121038 A Chip 0.11 9.1121015 B North Chip 0.27 3.9 121039 A Dump 0.39 676.1121016 B Chip 2.66 3.5 121040 A Dump 2.06 808.0121017 B Chip 0.09 0.4

Sample Number

ZoneSample

TypeWidth

(m)Au (g/t) Ag (g/t)

Sample Number

ZoneSample

TypeWidth

(m)Au (g/t) Ag (g/t)

Page 10: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Historical aeromagnetic survey suggests a large area of altered intra-caldera rocks coincide with Au and Ag mineralization.

Page 11: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Gold Chain Project, Mohave Co., Arizona• A large amount of historical data (1980s) has been compiled from

several phases of reverse circulation, air track and minor core drillingwhich have identified broad zones of low-grade gold mineralization,i.e. 0.5 to 1.6 g/t Au.

• Exploration drilling has focused on three areas, Roadside mine, BlackDyke and Gold Chain (see figure) which contain extensive exposuresof mineralized quartz-calcite stockwork and breccia emerging above abroad pediment of Recent gravels.

• Analysis of Figure 1 suggests that gold mineralization may be focusedat the intersection of a regional detachment-type structure withsteeper, northeast-trending normal faults and rhyolite dikes.

Page 12: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Gold Chain Hill~50m quartz-Fe oxide breccia

Gold Chain ProjectSignificant Drill Intercepts

Gold Chain ZoneDH 80263 59.7m @ 0.283 g/t AuDH 80267 18.4m @ 1.42 g/t AuDH 80272 16.8m @ 0.51 g/t Au

Black Dyke Zone DH RSM-2 23m @ 0.71 g/t Au

DH RSM-3 16.8m @ 0.91 g/t AuDH RSM-15 19.9m @ 0.65 g/t Au

Roadside ZoneDH RSM-1b 27.6m @ 0.82 g/t Au

DH AT-15a 9.2m @ 2.24 g/t AuDH RM88-8 39.8m @ 0.65 g/t Au

Page 13: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Greyhound Project, Nunavut

Initial project claims were staked to cover historical silverprospects assaying from 1,480 to 3,080 g/t Ag. Subsequent rocksamples range as high as 28.2 g/t Au and 5,380 g/t Ag. The projectis now a joint venture with Agnico Eagle as operator. Auracurrently holds a 43.5% interest in the Greyhound project.

Page 14: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Greyhound Project: Newly Identified VMS Target

1: Target massive sulfide zone: IP Anomalies define suspect Zn-Cu Volcanogenic massive sulfide deposit: Drill Target2: Footwall alteration systems Na, Eu depleted3: Basal synvolcanic intrusion: Heat source driving metal release and discharge

1

2

3

The Greyhound area geology is typical of most VMS districts in the Canadian Shield. It contains:• A laterally extensive subvolcanic intrusion [3]

that provided both heat and possible gold to the system

• A classic footwall alteration assemblage, as identified by Na and Eu depletion [2]

• A series of an echelon conductors that may represent stacked massive sulfide lenses (1).

• Evidence of hanging wall capping sediments and Eu enriched volcanic strata [4]4

Cross section ofclassic VMS system

3

Page 15: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Massive Sulfide Boulder AnalysesSamples were taken from glacially transported individual boulders or fragments, aligned in a dry stream bed adjacent to the all-weather road to Meadowbank Mine.Samples were selected randomly to represent the range of sulfide-bearing boulders.

Large (50cm-1m) boulders in stream channel

Cu % Zn % Pb % Au ppm Ag ppm

1 0.439 13.4 0.100 1.1 9.63

2 9.26 18.48 0.100 0.356 166

3 2.63 7.79 0.089 0.141 64.3

4 4.08 0.896 0.081 0.118 105

5 0.313 13.05 0.127 0.117 18.7

6 0.724 11.5 0.106 0.099 23.4

1,5,6

2,3

4

Based on the analytical data, these may represent various parts of a massive sulfide occurrence:• Samples 1,5 and 6 are distinctly Zn rich, and may represent the

upper part of a VMS occurrence• Samples 2 and 3 contain elevated Zn and Cu, and possible

represent the lower core part of a VMS massive sulfide mound• Sample 4 is Cu-rich but with less n than the others, and may

represent the lower, stringer zone part of a VMS occurrence• The low Pb content may indicate a Noranda-type, deep water

VMS environment

Cross section of a high-T, deep water (>2000m) VMS deposit: Typical of Noranda, Matagami lake and Flin Flon districts, Canada

Page 16: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Higo Blanco Project - Background• The Higo Blanco project is a large, high-level epithermal vein and replacement

system emplaced in limestone and volcanic rocks;• Robust, but poorly delineated, silver mineralization and broad zones of low-grade

gold (0.5 to 1.0 g/t) mineralization that are mutually exclusive but spatiallyproximal;

• Chargeability highs coincident with identified gold – arsenic anomalies;• Drilling in 2009 and 2011 encountered significant mineralization:

HBET03 – 34.2m @ 211.7 g/t Ag HBET02 – 20.35m @ 0.625 g/t AuHBET16 – 36.6m @ 292.3 g/t Ag HBET11 – 20.85m @ 0.6 g/t AuHBET23 – 24.6m @ 186.92 g/t Ag HBET27 – 25.3m @ 0.796 g/t Au

• In January 2019, an 80% interest in the project was vended to Minaurum Gold who will compile the historical data, initiate communication and programs with the host community and design a drilling program in 2019.

Page 17: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Aura Resources Inc.Capital Structure(As of September 30, 2019)• Symbol: AUU-TSX-V• Listed on the TSX Venture Exchange• Outstanding 32,860,128

• Warrants 9,823,943• Options 1,660,000• Compensation options

and warrants 446,524

• Fully Diluted 44,790,595

Page 18: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Directors & Officers Technical ConsultantRobert Johansing, President, CEO & Director Marco MontecinosProfessional Geologist, M.Sc., QP Consulting Geologist

Dr. J.M. Franklin, Independent DirectorProfessional Geologist, PhD., P. Geo.

Bill Boberg, Independent DirectorProfessional Geologist, M.Sc., P. Geo.

John McNeice, Chief Financial OfficerChartered Accountant, B. Comm.

Page 19: Aura Resources Inc....This presentation may contain forward looking statements that are made as of the date hereof ... found on SEDAR at . Aura Resources Inc. does not intend, and

Contact UsCorporate Office:

PO Box 279 Manotick, Ontario K4M 1A3www.aurasilver.com

Robert J. Johansing – President & CEOT 805-455-4775; [email protected]

John McNeice – CFOT 613-692-7704; [email protected]

Marco Montecinos – ConsultantT 775-771-0241; [email protected]