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TICKERS: ARU; AUIAF

Mining Co. Kicks Off 2022 Strongly
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The Quick Take

  • Noble has an Outperform rating and a $2.25 per share price target on Aurania Resources.
  • Noble reiterates its Outperform on Aurania on news that it resumed exploration at the Awacha target at Lost Cities–Cutucu to define porphyry targets, reported analyst Mark Reichman in a Dec. 18 research note.
  • At Awacha, Aurania will sample the soil over the geophysical features and concentrations of copper with molybdenum as these could become priority areas for scout drilling.
  • Results of hole TSN1-009, drilled at the Tsenken target, are expected soon.
  • Aurania is better understanding the mineralization pattern at Tiria-Shimpia and Tsenken, based on feedback from Professor Gregor Borg, a metals specialist who reviewed all core drilled at Tsenken.

Aurania Resources Ltd. (ARU:TSX.V; AUIAF:OTCQB) kicked off the year by recommencing exploration activities at the Awacha target after signing an access agreement with the surrounding communities, reported Noble Capital Markets analyst Mark Reichman.

Work already completed there suggests Awacha may contain a three porphyry cluster.

At Tiria-Shimpia, the company is closing is on the high-grade zones. Aurania may drill more deeply to intersect higher grade zinc-silver shoots at depth.

Regarding Tsenken, results are expected soon of hole TSN1-009, which targeted copper-silver mineralization in evaporite mineral beds within sedimentary layers.

"Management is focused on identifying the sites where the metals would have accumulated, and progress has been made in identifying potential trap locations for drilling," Reichman wrote.

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2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Aurania Resources Ltd. Click here for important disclosures about sponsor fees.

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Disclosures for Noble Capital Markets Inc., Aurania Resources Ltd., Jan. 18, 2022

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ANALYST CREDENTIALS, PROFESSIONAL DESIGNATIONS, AND EXPERIENCE: Senior Equity Analyst focusing on Basic Materials & Mining. 20 years of experience in equity research. BA in Business Administration from Westminster College. MBA with a Finance concentration from the University of Missouri. MA in International Affairs from Washington University in St. Louis. Named WSJ 'Best on the Street' Analyst and Forbes/StarMine's "Best Brokerage Analyst." FINRA licenses 7, 24, 63, 87. Full Bio & Coverage List
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Ownership and Material Conflicts of Interest: Neither I nor anybody in my household has a financial interest in the securities of the subject company or any other company mentioned in this report. NOTE: On August 20, 2018, Noble Capital Markets, Inc. changed the terminology of its ratings (as shown above) from "Buy" to "Outperform", from "Hold" to "Market Perform" and from "Sell" to "Underperform." The percentage relationships, as compared to current price (definitions), have remained the same.




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