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Aura Minerals Inc.
Summary
| Project: | Ernesto Pau-a-Pique | |
|---|---|---|
| Deposit: | Ernesto Pau-a-Pique | |
| Location: | Brazil | |
| Commodities: | Gold | |
| Date: | 11/22/2016 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine in Care & Maintenance | |
| Report details: | 22-11-2016: Aura Minerals Inc. announces a Feasibility Study report for its Ernesto Pau-a-Pique deposit at the Ernesto Pau-a-Pique project. Feasibility study results incl. post-tax NPV (5%) of US$39.5M, IRR of 77%. This report titled “Feasibility Study an | |
| Resources: | (Reserve, P+P): 2.3Mt @ 3.16g/t Au for 233600oz Au contained | |
| CP/QP: | [Resources]: Eugene J. Puritch (P&E Mining Consultants Inc.) | |
| ABSTRACT: | This report titled “Feasibility Study and Technical Report on the EPP Project, Mato Grosso, Brazil” (“Report” or “Technical Report”), was prepared to provide Aura Minerals Inc. (“Aura” or the “Company”) with a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Technical Report on the Ernesto/Lavrinha/Pau-a-Pique Deposits (“EPP Project” or “Project” or “Property”), located in the southwest of Mato Grosso state, near Pontes e Lacerda in Brazil. The EPP Project is 100% beneficially owned by Aura. Aura is a public company listed on the TSX, under the symbol “ORA”. Aura, through its Brazilian subsidiaries, acquired the EPP Project from Yamana Gold Inc. (“Yamana”) in June 2016. The Project was initially studied by Yamana from 2009 to 2011, and was put into production in early 2013 until being placed on care and maintenance in late 2014. The EPP Project is the third gold mining operation owned by Aura in this specific region of Brazil. The Company owns the operating Sao Francisco gold mine (in production since 2006) near the town of Pontes e Lacerda and owned the Sao Vicente gold mine that ceased operations in 2014 (production since 2009). The EPP Project consists of three deposits, two that have been planned to be mined as underground operations and the third which is planned as an open pit operation. Three additional areas will be evaluated in 2017 and 2018. | |
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