Aura Reports Updated Mineral Reserves And Mineral Resources For The Year-Ended 2024, Highlighting Ongoing Exploration And Strong Growth Trajectory

Core Viewpoint - Aura Minerals Inc. has reported updated Mineral Reserves and Mineral Resources for its operating mines and development projects, reflecting a disciplined execution and strategic focus in exploration and resource management [1][2]. Group 1: Exploration and Resource Updates - In 2024, Aura drilled over 100,000 meters and invested US$21.8 million in exploration, achieving a low discovery cost of US$22.00 per ounce [2][6]. - Proven and Probable Reserves remained steady at 3.4 million GEO, with notable reserve growth at Apoena extending its life-of-mine to seven years [2][6]. - Measured and Indicated Resources increased by 1% post-depletion, while Inferred Resources grew by 4%, driven by successful drilling at various sites [2][6]. Group 2: Specific Project Highlights - At Matupá, promising results from drilling at Pé Quente and Pezão indicate potential for resource enhancement [3]. - Almas Mine has shown strong performance, exceeding production forecasts and indicating potential for further resource growth, particularly underground [22]. - Borborema is operational with expectations for commercial production by Q3 2025, supported by robust Probable Mineral Reserves of 812,000 ounces of gold [27][28]. Group 3: Financial and Economic Parameters - Metal price assumptions for estimating Mineral Reserves were updated, with gold at US$2,000/oz, copper at US$4.20/lb, and silver at US$25.00/oz [6]. - The company has maintained a conservative outlook while reflecting a significantly higher pricing environment in its estimates [6]. Group 4: Future Plans and Growth Potential - Aura plans to continue drilling activities in 2025 to improve data reliability and advance metallurgical studies, particularly at Carajás and Cerro Blanco [3][10]. - The company is evaluating the area surrounding the X1 deposit at Matupá to identify additional resource potential [29].