Aura Minerals Provides Update on the Borborema Project
01 Juin 2023 - 2:00PM
Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX:
ORAAF) (“
Aura” or the
“
Company”) is pleased to announce that yesterday,
esteemed officials from the State of Rio Grande do Norte, Brazil
including Fátima Bezerra, the Governor of the State visited the
Borborema Project (the “Borborema Project”) and expressed support
for the project. This visit signifies an important milestone for
Aura and highlights the strong collaboration between the Company
and government stakeholders.
Rodrigo Barbosa, President and CEO of Aura,
comments: "We are honored to have had the opportunity to host
government officials at our Borborema Project at this early stage.
Their visit and interest in the project is a testament to the
importance of the Borborema project for the economic growth of the
region. We are grateful for their recognition of our commitment to
responsible mining and look forward to continuing our collaboration
as we move forward with this project."
The Company is working on completing a
feasibility study with respect to the Borborema Project in
accordance with National Instrument 43-101 – Standards of
Disclosure for Mineral Projects, the results of which are expected
to be released in Q3 2023. In parallel, the Company is working on
finalizing all internal studies and its analysis of financing
options for the Borborema Project in preparation for a construction
decision, which the Company expects will be made shortly.
About Aura 360° Mining
Aura is focused on mining in complete terms –
thinking holistically about how its business impacts and benefits
every one of our stakeholders: our company, our shareholders, our
employees, and the countries and communities we serve. We call this
360° Mining.
Aura is a mid-tier gold and copper production
company focused on the development and operation of gold and base
metal projects in the Americas. The Company’s four producing assets
include the San Andres gold mine in Honduras, the EPP and Almas
gold mines in Brazil and the Aranzazu copper-gold-silver mine in
Mexico. In addition, the Company has the Tolda Fria gold project in
Colombia and four projects in Brazil: the Borborema and Matupá gold
projects, which are in development the São Francisco gold project,
which is on care and maintenance, and the Serra da Estrela copper
project in Brazil, Carajás region, which is at the exploration
stage.
For further information, please visit Aura’s website at
www.auraminerals.com or contact:
Rodrigo Barbosa
President
&
CEO 305-239-9332
Forward-Looking Information
This press release contains “forward-looking
information” and “forward-looking statements”, as defined in
applicable securities laws (collectively, “forward-looking
statements”) which may include, but is not limited to, statements
with respect to the activities, events or developments that the
Company expects or anticipates will or may occur in the future,
including the timeline for completion of and release of the results
of the feasibility study with respect to the Borborema Project and
finalization of internal studies and analysis of financing options
for the Borborema Project and the timing of a construction decision
with respect to the Borborema Project. Often, but not always,
forward-looking statements can be identified by the use of words
and phrases such as “plans,” “expects,” “is expected,” “budget,”
“scheduled,” “estimates,” “forecasts,” “intends,” “anticipates,” or
“believes” or variations (including negative variations) of such
words and phrases, or state that certain actions, events or results
“may,” “could,” “would,” “might” or “will” be taken, occur or be
achieved.
Known and unknown risks, uncertainties and other
factors, many of which are beyond the Company’s ability to predict,
or control could cause actual results to differ materially from
those contained in the forward-looking statements. Forward-looking
statements are necessarily based upon a number of estimates and
assumptions that, while considered reasonable by the Company, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Specific reference is
made to the most recent Annual Information Form on file with
certain Canadian provincial securities regulatory authorities for a
discussion of some of the factors underlying forward-looking
statements, which include, without limitation, the ability of the
Company to achieve its short-term and longer-term outlook and the
anticipated timing and results thereof, the ability to lower costs
and increase production, the ability of the Company to successfully
achieve business objectives, copper and gold or certain other
commodity price volatility, changes in debt and equity markets, the
uncertainties involved in interpreting geological data, increases
in costs, environmental compliance and changes in environmental
legislation and regulation, interest rate and exchange rate
fluctuations, general economic conditions and other risks involved
in the mineral exploration and development industry. Readers are
cautioned that the foregoing list of factors is not exhaustive of
the factors that may affect the forward-looking statements.
All forward-looking statements herein are
qualified by this cautionary statement. Accordingly, readers should
not place undue reliance on forward-looking statements. The Company
undertakes no obligation to update publicly or otherwise revise any
forward-looking statements whether as a result of new information
or future events or otherwise, except as may be required by law. If
the Company does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements.
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