Aura Minerals (AUGO) Registration filing summary

Company overview and business model

• Operates three open pit gold deposits (Paiol, Cata Funda, Vira Saia) in Tocantins, Brazil, with production initiated at Paiol in 2023.

• Annual plant capacity targets 2 Mtpa, producing gold doré via CIL, electrowinning, and smelting.

• Project area covers 233,742 ha with 57 mineral rights, including mining concessions and exploration authorizations.

• Infrastructure includes grid power, water management, support buildings, and access roads; no on-site housing.

Financial performance and metrics

• Produced 54,003 oz gold in 2024 from 1.64 Mt mill feed at 1.13 g/t Au; LOM plan supports 10 years at 2 Mtpa.

• LOM ore feed: 19.7 Mt at 1.07 g/t Au, containing 680 koz Au; LOM recovered gold: 612 koz Au.

• LOM net revenue: US$1,367M; LOM site operating costs: US$680M; average operating cost: US$34.51/t milled.

• After-tax NPV (5%): US$393M; undiscounted after-tax cash flow: US$510M at US$2,212/oz gold.

Use of proceeds and capital allocation

• Expansion capital: US$4.8M for plant expansion in 2025.

• Sustaining capital: US$75M over LOM; closure and reclamation costs: US$14.1M in 2034.