Movers and SHAKERS
Aurania Resources (AUIAF)(ARU:CA)
Highlights from the Annual Shareholder Meeting
As of April 24, 2020, Noble Capital Markets research on Aurania Resources is published under ticker symbols (AUIAF and ARU:CA). The price target is in USD and based on ticker symbol AUIAF. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. Aurania Resources Ltd. is a Canada-based junior mining exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and copper. Its flagship asset, The Lost Cities-Cutucu Project, is in southeastern Ecuador in the Province of Morona-Santiago. The company also has several minor projects in Switzerland.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Aurania hosts Annual Shareholder Meeting. The company hosted a conference call and webcast on June 10. Management elaborated on its immediate plans to resume fieldwork at the Yawi gold and silver target, the Tsenken copper targets and its decision to apply for concessions in Peru. Commentary regarding recent LiDar imagery that revealed a network of roads that appeared to be converging toward an area where the historic gold mining center of Logrono de los Caballeros is thought to be located was of interest. This finding, along with another ancient road segment discovered in late 2019, could yield more clues to the location of two historic gold mining centers believed to be within the Lost Cities project area.
Returning to the field. Personnel have returned to the office in Macas, the capital of the Morona Santiago province of Ecuador, and teams are expected to return to the field this weekend. The company expects to deploy up to...
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*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.