February 28, 2023
Aura Minerals Inc. (TSX:ORA, BUY, C$21.00 target, Taylor Combaluzier) has acquired an exploration permit for the 9,805 ha Serra Da Estrela project in the Carajás mineral province of Brazil. The company paid US$3M for the acquisition and is required to make additional payments should it decide to further explore the area. The project hosts IOCG mineralization over a 6km strike and was previously explored by Anglo American (LSE:AAL, Not Rated) with a 9-hole (2,552m) drill program. The Carajás mineral province is a prospective district with several large-scale polymetallic mines. Serra Da Estrella’s acquisition provides Aura with additional exposure to Cu, and complements its long-term growth plans, while it continues to focus on near-term growth by bringing three new mines online in Brazil by 2025, which include the Almas, Matupá, and Borborema projects. Read more
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Aura Minerals Inc. – TSX:ORA
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