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Aura Signed the Agreement to Relocate Road at Borborema Mine, Unlocking an additional 670 Koz of gold in Mineral Reserves, totaling 1.5 Moz
ROAD TOWN, British Virgin Islands, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (Nasdaq: AUGO) (B3: AURA33) (“Aura” or the “Company”) is pleased to
About this update from Aura Minerals Inc.
[{"type":"text","content":"ROAD TOWN, British Virgin Islands, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (Nasdaq: AUGO) (B3: AURA33) (“Aura” or the “Company”) is pleased to announce that it has signed the agreement of cooperation with DNIT (Departamento Nacional de Infraestrutura Terrestre) to relocate the federal road, which crosses a portion of the Borborema mine in Rio Grande do Norte, Brazil. Also, the Company is pleased to announce an updated Technical Report of Borborema, which is already available on www.sec.gov and SEDAR+. This agreement allows the Company to immediately advance the conversion of a significant portion of the existing Indicated Mineral Resources into Probable Mineral Reserves. Following the completion of this Technical Report, Aura increased the Mineral Reserve base by 82% for approximately 1.5 million ounces of gold. Highlights of the Updated Feasibility Study and the Project: Strong Reserve Base: The Feasibility Study includes updated Mineral Resource and Reserve estimates under “SEC S-K 1300 definitions” for the comprising Probable Reserves of 40.7Mt at 1.13g/t Au containing approximately 1,479Koz. gold.Life of Mine 20 Years and 5 months: Weighted average annual gold production is estimated at 65 koz, with an estimated LOM of 20.5 years, based on Mineral Reserves estimated in accordance with S-K 1300 guidelines.Robust Project Economics: Net present value (“NPV”) of US$612.5 million (from 182 million of the previous FS) and after-tax IRR of 42.8% when using the weighted average gold price of USD 2,274/Oz considering all the operational years and the exchange rate used was BRL 5.70 for USD 1.00 in 2025 onwards.Exploration Potential Remains: The ore body of the Borborema deposit remains open along strike and down dip. Aura believes the project will benefit from additional drilling both to extend the Mineral Resource’s footprint and also to add more contained ounces within the current envelope of mineralization. Rodrigo Barbosa, President and CEO of Aura, comments, \"This agreement is a major milestone that significantly accelerates value creation at Borborema. Since acquiring the project, we recognized its substantial upside potential — exactly why we designed and built a fully expandable plant from the outset. With the updated reserve now at 1.5 million ounces — 82% larger than our previous feasibility study — we are imm...