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Aura Minerals Reports Updated Mineral Reserves And Mineral Resources For The Year-Ended 2024, Highlighting Ongoing Exploration And Strong Growth Trajectory
ROAD TOWN, British Virgin Islands, April 01, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) is ple
About this update from Aura Minerals Inc.
[{"type":"text","content":" ROAD TOWN, British Virgin Islands, April 01, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to report updated Mineral Reserves and Mineral Resources (“MRMR”) for its four operating mines: Aranzazu Mine, Apoena Mines, Minosa Mine and Almas Mine, as well as its development projects including Borborema and Matupá, as reported in the Annual Information Form for the year ended December 31, 2024 (“2024 AIF”). Readers are encouraged to read the 2024 AIF and Technical Reports (as defined herein), which have been filed on SEDAR+ at www.sedarplus.ca. Consolidated MRMR tables are noted below. Between 2023 and 2024, Aura updated its MRMR models to reflect new data and ensure transparency. Updates were driven by exploration drilling, revised geological interpretations, changes in mining methods, extraction plans, and economic parameters, including commodity prices that impacted cut-off grades and reserve classification. Rodrigo Barbosa, President and CEO of Aura commented, “Reflecting on another year of disciplined execution and strategic focus, Aura drilled over 100,000 meters across its portfolio, investing US$21.8 million in exploration and achieving one of the industry’s lowest discovery costs at US$22.00 per ounce. Our Proven and Probable Reserves held steady at 3.4 million GEO, showcasing portfolio resilience despite natural depletion. Notable reserve growth at Apoena extended its life-of-mine (LOM) to seven years, assuming a 1.6 Mt throughput, partially offsetting reductions elsewhere. Measured and Indicated Resources grew by 1% (GEO) post-depletion, bolstered by successful infill and extension drilling at Apoena and Almas, while Inferred Resources increased by 4%, driven by discoveries at Nosde-Lavrinha and the new Esperanza and BW-Connection zones at Aranzazu. As further upside we highlight: (i) Matupa: drilling at Pé Quente and Pezão, near our X1 deposit, which yielded promising bulk-tonnage intercepts; (ii) Almas: continued success at Paiol showcasing underground potential to extend Almas’ LOM; (iii) Borborema: further progress on relocating the federal road which should significantly improve mineral reserves; (iv) Cerro Blanco: early-stage work positions us for long-term growth, pending approvals to start operations, while we advance on the definitive feasi...