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Strengthening Europe's Supply Chain: Aurania Updates on Balangero Nickel-Cobalt Project
Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that results have been delivered from 28 samples taken across the Balangero Ni-Co Project (the "Project") in northern Italy. The samples were assayed at Laboratoire GeoRessources - École Nationale Supérieure de Géologie, Université de Lorraine. The samples yielded between 1560 and 2015 ppm nickel (average 1763 ppm), 81.5 to 108 ppm cobalt,...
About this update from Aurania Resources Ltd.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 26, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that results have been delivered from 28 samples taken across the Balangero Ni-Co Project (the "Project") in northern Italy. The samples were assayed at Laboratoire GeoRessources - École Nationale Supérieure de Géologie, Université de Lorraine. The samples yielded between 1560 and 2015 ppm nickel (average 1763 ppm), 81.5 to 108 ppm cobalt, and 16.2 to 146 ppm copper. These new results are in line with the more than 200 historical samples taken from the site.","length":647,"tagName":"p"},{"type":"text","content":"Aurania's President and CEO, Dr. Keith Barron, commented, "There is a lot of historic data from Balangero, and this confirmed what was already suspected. In 1942, the Italian Government created SANI (Societá Anonima Nichelio Italiana) specifically to look for sources of nickel within Italy. At Balangero, the magnetic sand-sized fraction of the waste from asbestos beneficiation was actually recovered and used to make hardened steel for some months in 1943 for the war effort. This information has remained buried in the Archive of the City of Turin. For a variety of reasons, nickel supply has once again become critically important in Europe, and we believe Balangero offers the most readily and easily accessible source of the metal today."","length":759,"tagName":"p"},{"type":"text","content":"The Balangero Mine (also called San Vittorio), 30 kilometres from the city of Turin in northern Italy, produced asbestos between 1918 and 1990 and was the largest open pit asbestos mine in Europe. During 1966, the waste from the mine was thoroughly investigated as a potential by-product source of nickel and cobalt. Aurania staff became acquainted with the project while doing a literature search on their Northern Corsica Ni-Co project. The Balangero site, like Corsica, contains an abundance of the mineral awaruite, a rather rare nickel-iron natural alloy that does not contain sulphur, and can be used as a direct source of furnace feed for stainless steel production, or processed downstream for EV Battery Grade nickel sulphate. As a potential source of "Green" nickel, it certainly aligns with the stated goals of the European Union (...