Aurania Resources Ltd. · TSXV:ARU
Aurania Resources — Investor Presentation (November 2026)
36 slides from Aurania Resources's investor presentation, November 2026
Slide 1: Early-stage access to high-potential discoveries of gold, copper, silver and critical metals
Early-stage access to high-potential discoveries of gold, copper, silver and recovery of select critical metals November 2026 TSXV: ARU FSE: 20Q OCTQB: AUIAF TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation contains or incorporates by reference “forward-looking statements” and “forward-looking information” (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation and applicable U.S. securities laws concerni
Slide 3: Aurania's Projects
Aurania’s Projects Thormodsdalur Project Epithermal Gold Epona, Taranis & Belenos Project Orogenic Polymetallic Gold Corporate Office Balangero Project Nickel-Cobalt Lost Cities Project Epithermal Gold Copper Porphyry Copper Sediment Hosted Zinc-Silver Sediment Hosted TSXV:ARU OTCQB:AUIAF FRANKFURT:
Slide 4: Current Focus: Iceland and Italy
Current Focus: Iceland and Italy Iceland – 2026 drill program completed to advance a historical high- grade epithermal gold project near Reykjavík; samples sent to lab. Italy - MOU to evaluate recovery of valuable nickel and cobalt (critical metals for electric battery production) from waste tailing
Slide 5: Iceland Thormodsdalur (Thor's Valley) Epithermal Gold-Silver Project
Iceland Thormodsdalur (Thor’s Valley) Epithermal Gold-Silver Project TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 5
Slide 6: Thor's Valley Project Location
Thor’s Valley Project Location The Thor’s Valley project is located in south-west Iceland, 20 kilometres east of Reykjavík and 60 km from the international airport. Reykjavik International Airport TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 6
Slide 7: Historic marker relating the discovery history
Historic marker relating the discovery history. This mine was in production between about 1907 to 1924 off and on. IT WAS DIRECT SHIPPING ORE! TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 7
Slide 8: Grab sample that assayed 54.1 g/t Au and 25.3 g/t Ag
Grab sample that assayed 54.1 g/t Au and 25.3 g/t Ag TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 8
Slide 9: TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q
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Slide 10: TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q
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Slide 11: Building covered in crushed pieces of ore from the project
This building erected in 1940, was covered in crushed pieces of ore from the project. There is NO VISIBLE GOLD, or the students would be prying it off!! TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 11
Slide 12: Photomicrograph showing free gold in bands with pyrite
This photomicrograph shows free gold in bands with pyrite. Note the scale. A human hair is about 50 microns in width. TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 12
Slide 13: An Opportunity for Modern Gold Discovery
An Opportunity for Modern Gold Discovery April 2026: Agreement signed with St-Georges Eco-Mining and Iceland Resources to advance the Thormodsdalur project near Reykjavík in Iceland. A historically known epithermal gold system with documented high-grade mineralization. TSXV:ARU OTCQB:AUIAF FRANKFURT
Slide 14: Multiple Mineralized Vein Systems
Multiple Mineralized Vein Systems • Historical records indicate grades ranging from 11 g/t up to 315 g/t gold, while more modern drilling has returned results as high as 415 g/t gold! • Permit held by Iceland Resources covering 51,300 hectares prospective for high-grade gold and silver mineralizatio
Slide 15: Epithermal Gold and Hot Springs
Epithermal Gold and Hot Springs Iceland has many hot springs and volcanos: geothermal activity creates an ideal environment for epithermal gold deposits! TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 15
Slide 16: Active and Fossil Epithermal System in Iceland
Active and Fossil Epithermal System in Iceland Active geothermal systems : geysers Fossil geothermal systems : below the represent the upper part of epithermal geysers, epithermal veins with gold take systems. place in the faults. Epithermal vein in 2026 drill hole Geysers in Geysir site in Iceland
Slide 17: Historical Drilling Defined Mineralization Over 650m
Historical Drilling Defined Mineralization Over 650m Three drill campaigns (1996, 2006 and 2021) by previous operators 51 holes 4918 m in total Gold results up to 415.40 g/t Au Silver results up to 82.3 g/t Ag (only partially assayed) Intersection up to 7.27m @ 28.04 g/t Au Epithermal ve
Slide 18: Epithermal Veins Observed in Every 2026 Drill Hole
Epithermal Veins Observed in Every 2026 Drill Hole Aurania’s 2026 drill program aimed to verify the results of the best historical drill holes Epithermal vein in hole TARU2026-06 from 2026 drill campaign Assay results are anticipated Aurania’s core recovery was at or close to 100% in in November 202
Slide 19: Position in the Epithermal Model
Position in the Epithermal Model The Thor samples are consistent with a position in the crustiform-colloform chalcedony zone with Au Ag As Sb Te enrichment, in the upper boiling zone. Thor’s Valley Low-Sulfidation Epithermal Model with fluid domains and quartz texture zones There is potential for go
Slide 20: 2026 Core Samples
2026 Core Samples TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 20
Slide 21: 2026 Core Sample
2026 Core Sample TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 21
Slide 22: 2026 Core Samples
2026 Core Samples TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 22
Slide 23: We believe we have just skimmed the top of the system
We believe we have just skimmed the top of the system, and there is a parallel vein system immediately to the east. The system remains entirely open to depth and to the north and south! We believe the Thor project could be a very small footprint, high grade operation where the quartz vein is optical
Slide 24: Recovery of Nickel and Cobalt from Tailings: Balangero Mine, Northern Italy
Recovery of Nickel and Cobalt from Tailings: Balangero Mine, Northern Italy (Operated 1916-1990) TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 24
Slide 25: Balangero Nickel-Cobalt Tailings Retreatment
Balangero Nickel-Cobalt Tailings Retreatment • A former asbestos mine near Turin, Italy, that operated 1916-1990. • The site contains a significant accumulation of dry-stacked tailings which is easily accessed. • Since 1995, the site has been under administration of the Società per il Risanamento e
Slide 26: Waste Pile Before and After Recontouring/Vegetating
Waste Pile Before and After Recontouring/Vegetating The pile at Balangero today is no longer an airborne asbestos threat, but it is not stabilized. Main waste pile as it appeared in 1994. TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 26
Slide 27: Relevance for Italy and for Europe
Relevance for Italy and for Europe -Annual consumption of nickel in Italy is between 33,000 and 34,800 tonnes. Italy relies almost entirely on imports for its primary nickel needs. -This project has the potential to repurpose already mined waste materials into an important source of clean critical m
Slide 28: Awaruite
Awaruite Awaruite is a naturally occurring alloy of nickel and iron, which is remarkable for its nickel content (75-77%) and its natural properties. Its high density and highly magnetic qualities lend themselves to easy extractive recovery. • Compositionally it is Ni3Fe • Occurs in maybe 30 sites wo
Slide 29: Serpentinite Sample from Balangero
Serpentinite Sample from Balangero The silver pinpoints are awaruite TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 29
Slide 30: Dry it…Bag it…Ship it
Dry it…Bag it…Ship it Balangero was investigated as a source of nickel from 1940 onwards but for various reasons the awaruite mineral was never recognized. For a few months only before the WWII Allied invasion, “magnetic sand” from the tailings was used as direct furnace-feed to make steel. Found in
Slide 31: Balangero Today
Balangero Today TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 31
Slide 32: Tailings Up Close
Tailings Up Close TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 32
Slide 33: Geological-Petrographic Map of the Former Balangero Mine
Geological-Petrographic Map of the Former Balangero Mine TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 33
Slide 34: Balangero Checks all the Boxes
Balangero Checks all the Boxes This project is a win-win for the planet! Critical metals for EV batteries Carbon sequestration Elimination of asbestos TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q 34
Slide 35: Compelling Opportunities
Compelling Opportunities Iceland Potential for direct shipping siliceous ore that could be taken to port by truck and then sent by freighter to Scandinavia or Canada to be used as smelter flux. This would obviate the need for tailings containments or a mill. Italy Could offer a short path to product
Slide 36: Corporate Overview
Corporate Overview Capitalization Table Board (TSX.V:ARU, OTCQB:AUIAF, Keith Barron Chairman Frankfurt:20Q) Jonathan Kagan Director Share Price* (C$) 0.19 Thomas Ullrich Director Ecuador Basic Shares Outstanding (M) 140 Nathalie Han Director Warrants (M) 39 Management Keith Barron CEO, President Opt
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