Core Insights - Aura Minerals Inc. has signed a cooperation agreement with DNIT to relocate a federal road affecting the Borborema mine in Brazil, which is a significant step for the project [1][2] - The updated Technical Report indicates an 82% increase in Mineral Reserves, now totaling approximately 1.5 million ounces of gold [2][3] Project Developments - The agreement allows for the conversion of a substantial portion of Indicated Mineral Resources into Probable Mineral Reserves, enhancing the project's viability [2][3] - The updated feasibility study shows a robust project with a net present value (NPV) of US$612.5 million and an after-tax internal rate of return (IRR) of 42.8% based on a gold price of USD 2,274 per ounce [11] Mineral Resource and Reserve Estimates - The updated Mineral Resource estimates include 40.7 million tonnes at an average grade of 1.13 g/t Au, containing approximately 1,479 Koz of gold [19] - The life of mine (LOM) is projected to be 20 years and 5 months, with an average annual gold production of 65 Koz [11][24] Economic and Operational Insights - The project is designed for open-pit mining, with a stripping ratio of 5.13:1 and mining costs estimated at an average of US$2.78 per tonne mined over the LOM [26][27] - The feasibility study utilized a comprehensive optimization exercise to define Mineral Reserves, adhering to S-K 1300 guidelines [18][19] Future Outlook - Aura plans to explore additional opportunities, including a review of the mine plan with new cut-off grades based on higher gold prices, which may further enhance reserves [3] - A new Resources & Reserves report is expected by the end of Q1, coinciding with the publication of the company's 20F [3]

ivanhoeelectric.com NYSE American / TSX: IE ivanhoeelectric.com NYSE American / TSX: IE FEBRUARY 2026 BMO Global Metals, Mining & Critical Minerals Conference AMERICAN COPPER FOR A STRONGER FUTURE AMERICAN COPPER FOR A STRONGER FUTURE SAFE HARBOR Forward-Looking Statements Certain statements in this presentation constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable U.S. and Canadian securities laws. Such statements and information involve known and unknown ...