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Aurion Resources Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update
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Address :  120 Torbay Road, Suite W220
St. John's, NL
Canada A1A 2G8
Tel No.: 416-371-1325
Web Site: www.aurionresources.com
E-mail: info@aurionresources.ca
Contact Person: Mark Santarossa
Position: VP Corporate Development


Company Data

Traded Market: TSX-V | OTCQX
Traded Symbol: AU | AIRRF
Outstanding Shares: ~148.89 M
52 Week High: $ 0.78
52 Week Low: $ 0.465
Present Price: Click Here


Introduction

Aurion Resources Ltd. (Aurion) is a well-funded, Canadian exploration company. Aurion’s strategy is to generate or acquire early-stage precious metals exploration opportunities and advance them through direct exploration by its experienced team or by business partnerships and joint venture arrangements. Aurion’s current focus is exploring on its wholly owned Risti project, as well as advancing its joint venture properties with B2Gold Corp. and Kinross Gold in Finland.

Discovering the Next Major Gold Camp

Emerging Gold Camp

  • District scale land package
  • Prospective geology
  • Multiple new discoveries

Tier 1 Jurisdiction

  • Finland consistently ranks high for mining investment
  • Excellent infrastructure and access
  • Straight forward permitting process

Multiple Value Drivers

  • Joint Ventures with B2Gold and Kinross
  • New discoveries on wholly owned properties

Positioned to Execute

  • Experienced management and board
  • Aligned with shareholders
  • Well-funded

Value from Multiple Opportunities

B2Gold Joint Venture

  • Helmi discovery: 2.05 g/t Au over 77.5 m
  • Multiple gold prospects
  • Next to the 4+ M ounces Ikkari deposit by Rupert Resources

Risti and Launi West

  • 100% ownership
  • High-grade, near surface discoveries
  • Multiple gold prospects

Kinross Earn-in – Launi East Property

  • Numerous gold showings and prospects
  • Earn in: US$10M for 70%

Strategic Resources Inc. (TSXV: SR)

  • Own 1.33 M shares of Strategic
  • Vanadium development projects
  • Part of Lumina Group


PROJECTS IN FINLAND

B2Gold Joint Venture

Multiple discoveries

  • JV: B2Gold 70%, Aurion 30%; B2Gold is the operator
  • Large land package ~293 sq. km
  • Multiple discoveries:
    • Helmi
      • 2.05 g/t Au over 77.50 m; 2.44 g/t Au over 43.45 m; 1.44 g/t Au over 67.20 m
    • Kutuvuoma
      • 16.47 g/t Au over 11.0 m; 11.37 g/t Au over 13.30 m; 7.20 g/t Au over 19.40 m
    • Vuoma
      • 28.64 g/t Au over 4.90 m; 1.33 g/t Au over 8.30 m; 3.55 g/t Au over 2.80 m
    • Sinermä
      • 0.54 g/t Au over 40.2 m; 1.07 g/t Au over 42.4 m (Trench)
    • Kettukuusikko
      • 4.33 g/t Au over 20.4 m; 1.25 g/t Au over 31.4 m
    • Tuongankuusikko
      • 1.18 g/t Au + 1.73% Cu over 17.50 m
  • 2024 budget C$7.0 M
    • ~10,000 m of drilling program
    • Drilling paused, following Rupert Resources’ bid for B2Gold’s 70% interest

Helmi Discovery:

  • Discovered in 2021, located approximately 1 km west of Rupert Resources’ 4+ Moz Ikkari deposit with similar geological features
  • Gold mineralization intersected along 2 km strike and extend to at least 500 m depth
  • Highlight intercepts:
    • 2.05 g/t Au over 77.50 m
    • 2.44 g/t Au over 43.45 m
    • 1.44 g/t Au over 67.20 m
    • 1.84 g/t Au over 52.40 m
    • 0.82 g/t Au over 108.10 m
    • 1.73 g/t Au over 44.95 m
    • 1.11 g/t Au over 45.80 m
    • 1.46 g/t Au over 33.00 m
  • Prospective geological sequence extends 8 km within the JV property

Vuoma Discovery:

  • Discovered in 2023 (Press release Aug 21, 2023), located approximately 2.7 km south of Helmi
  • Mineralization proximal to mainly untested 20+ km southern domain boundary
  • 15 km along strike from the Kaaresselkä Prospect (Aurion 100%)

All scout holes intersected gold at Vuoma

  • 28.64 g/t Au over 4.90 m including 126.00 g/t Au over 1.10 m (VUO23012), located 540 m SE of hole VUO23007 (1.33 g/t Au over 8.30 m, Press release August 21, 2023)
  • 3.55 g/t Au over 2.80 m (VUO23010)

Risti Project

  • 100%-owned; covers approximately 167 sq. km in the Central Lapland Greenstone Belt (“CLGB”) in northern Finland.
  • The geological setting of the Risti Project has many similarities to prolific gold-rich orogenic gold belts globally, specifically the Timmins camp of the Abitibi region of Northern Ontario, Canada.
  • 10+ new discoveries since 2015

Rock and Base of Till Samples

  • Over 8,500 rock samples averaging ~ 6 g/t Au
  • Numerous gold in till anomalies
  • Tens of kms of prospective structural trends to be explored
  • Key methods in discovery of Ikkari (Rupert Resources), Kittilä (Agnico Eagle) and Sakatti (Anglo American)
  • 20 targets identified along domain boundaries, using base of till sampling and geophysics

Aamurusko – Near-Surface Gold Mineralization

Aamurusko NW

  • 9.42 g/t Au over 28.22 m
  • 23.41 g/t Au over 11.10 m
  • 6.84 g/t Au over 19.00 m

Aamurusko Main

  • 789.06 g/t Au over 2.90 m
  • 42.28 g/t Au over 4.00 m
  • 24.50 g/t Au over 4.75 m
  • 22.63 g/t Au over 3.53 m

Gap Zone

  • 4.64 g/t Au over 3.10 m
  • 1.69 g/t Au over 7.75 m
  • 8.63 g/t Au over 0.75 m
  • 1.55 g/t Au over 3.45 m

Aamurusko – High Grade Gold from Surface

  • 80% of holes intersected over 1.0 g/t Au
  • 51% of holes intersected over 3.0 g/t Au
  • 31% of holes intersected over 10.0 g/t Au

Kaares – Growing Mineralized System

Kaaresselkä Area

  • Located approximately 4 km southwest of Aamurusko
  • Geological setting and mineralization style resembling Ikkari and Helmi
  • Excellent year around access

Vanha Prospect

  • 2022-2024 drilling:
    • 21/22 drill holes (4,655 m) intersected gold
    • 2.41 g/t Au over 56.55 m
    • 1.22 g/t Au over 19.90 m
    • 2.27 g/t Au over 11.30 m
    • 8.25 g/t Au over 4.30 m
    • 3.68 g/t Au over 11.35 m
    • 29.10 g/t Au over 3.10 m
    • 3.35 g/t Au over 9.85 m
    • 2.77 g/t Au over 9.00 m
    • 1.00 g/t Au over 16.60 m

“Aurion continues to grow the mineralized system at Kaaresselkä (Vanha prospect) efficiently. All recent holes intersected gold, including 8.08 g/t Au over 6.75 m and 3.00 g/t Au over 16.25 m, extending the mineralized system from 600 m to 800 m along strike.” commented Matti Talikka, CEO of Aurion. “In addition, our target generative programs have yielded positive results by intersecting gold mineralized zones in the NW corner of the Risti property as well as identifying areas with high gold grain counts (up to 950) in heavy mineral samples from previously untested areas, for example along the interpreted structural trend that extends 15 km between the Kaaresselkä area and the Vuoma (Aurion-B2Gold JV) discovery.” (See news release dated January 13, 2025)

Kinross Joint Venture

On August 23, 2023, Aurion announced that it has signed a formal definitive option agreement with Kinross Gold Corporation (“Kinross”) granting Kinross the right to earn up to an undivided 70% interest in the 42.74 sq. km, Launi East Property, which is located to the southeast and adjacent to the Company’s 100%-owned Risti Property.


Management

Management and Directors

David Lotan, CPA, CA, Chairman

President of LHI, an investment company focused on natural resource opportunities

Founder and CEO of the Polar Structured Products – sold to major Canadian Financial Institution

Portfolio manager for the Ontario Teachers’ Pension Plan

Matti Talikka, M.Sc., FAusIMM(CP)Geo., Chief Executive Officer and Director

Various global positions at Outotec most recently as Director Geometallurgy and Project Evaluation

Former General Manager Exploration at Dragon Mining focusing on exploration and project development in Finland and Sweden

Non-executive director of Aurion since 2015, appointed as CEO in July 2020

Mark Serdan, CPA, CA, CFA, Chief Financial Officer

Over 20-year career in investment management and banking

Recipient of multiple Lipper awards for investment performance in precious metals, energy and natural resources

Mark Santarossa, CPA, CA, MBA, VP Corporate Development

Over 15-year career in mining capital markets in various roles, including mining equity research, institutional equity sales and investment banking

Kerry E. Sparkes, M.Sc., P.Geo., Director

Over 30 years of experience in the minerals industry as an exploration geologist and an executive

Explored for, delineated and developed two major Canadian gold deposits, both of which were subject of takeovers

Currently the Vice President of Geology for Franco-Nevada


News Update

On December 02, 2025, Aurion Resources Ltd. announced the results for five holes drilled at the Kaaresselkä area of the wholly owned Risti property, located in the Central Lapland Greenstone Belt in northern Finland. Summary:

    Further evidence on the continuity of the mineralized system at Kaaresselkä

      3.72 g/t Au over 10.35 m from 217.90 m and 1.50 g/t Au over 5.65 m from 259.00 m (KS25129)

        Approximately 100 m below 1.00 g/t Au over 16.60 m from 99.30 m (KS24076)

      1.19 g/t Au over 15.00 m from 299.60 m (KS25131)

        Approximately 100 m below 8.08 g/t Au over 6.75 m from 186.95 m (KS24091)

      All holes intersected gold mineralization within wide zones of altered and deformed metavolcanic and metasedimentary lithologies

    Results pending for over 20 holes, drilling ongoing

      Focus on testing the potential extensions of the mineralized system at Kaaresselkä

Comments : "The first results from the autumn drill program, including 3.72 g/t Au over 10.35 m, extend the gold mineralized system 100 m deeper in the central part of the Vanha prospect (Kaaresselkä area)," commented Matti Talikka, CEO of Aurion. "Aurion is looking forward to providing further updates following the receipt of the pending results for over 20 holes from the ongoing drill program at the Risti property focusing on the Kaaresselkä area."

On September 24, 2025, Aurion Resources Ltd. announced the commencement of exploration activities by Kobold Metals. KoBold Metals Company has commenced exploration activities on the project area covering approximately 35 kilometres in the eastern portion of Aurion Resources Ltd.'s 160-square-kilometre wholly owned Risti property in the central Lapland greenstone belt in northern Finland.

Summary:

• Extensive base of till and bedrock chip sampling program commenced on the KoBold project area:

o A key exploration method for gold and critical mineral discoveries including Ikkari deposit by Rupert Resources and Sakatti deposit by Anglo American;

• Aurion and KoBold signed a critical mineral exploration agreement in March, 2025:

o Press release dated March 19, 2025; key terms:

o Earn-in: KoBold can earn an undivided 75-per-cent interest in commodities discovered in the project area (other than any discoveries that are predominantly gold or silver) by incurring $12-million (U.S.) in exploration expenditures on or before the fifth anniversary of the date of signing the agreement, and KoBold commits to a $1-million (U.S.) minimum exploration expenditure within 18 months;

o Joint venture: following satisfaction by KoBold of the earn-in requirements, a joint venture will be established with KoBold owning 75 per cent and Aurion 25 per cent;

o Net smelter return royalty: in case an ownership interest in the joint venture is diluted to below 10 per cent, the ownership interest will be converted to a 2-per-cent net smelter return royalty;

o Aurion retains full ownership rights over areas within the project area where the predominant mineral in a discovery is gold or silver and has the right to continue exploration activities in the project area during the earn-in phase and the joint venture phase as long as it holds an ownership interest;

o Aurion to act as the field operator during the first 12-month period;

• Drilling continuing at the Vanha prospect in the Kaaresselka area.

Comment: "We are excited to commence the exploration activities with KoBold's highly knowledgeable and innovative team," commented Matti Talikka, Aurion's chief executive officer. "The extensive sampling program will generate valuable data for gold and critical minerals exploration and utilizes a key method applied in the discovery process of all significant deposits in the region, including Kittila (Agnico Eagle), Sakatti (Anglo American) and Ikkari (Rupert Resources)."

On September 22, 2025, Aurion Resources Ltd. completed the private placement.

Financing type: non-brokered private placement

Gross proceeds: $743,400

Offering: 885,000 listed shares with 442,500 warrants attached

Offering price: 84 cents per listed share

Warrant exercise terms: $1.08 per listed share for a three-year period

Disclosure: Refer to the company's news releases dated Sept. 5, 2025, and Sept. 19, 2025.

On September 22, 2025, Aurion Resources Ltd.'s board of directors has authorized the granting of stock options under its stock option plan to purchase 1,375,000 common shares of the company at an exercise price of $1.10 per share for a five-year term expiring Sept. 22, 2030. The stock options are being granted to certain directors, officers, employees and consultants of the company.

On September 19, 2025, Aurion Resources Ltd. announcedthat it has completed its previously announced non-brokered private placement of Units (the "Kinross Private Placement") with Kinross Gold Corporation ("Kinross"), resulting in Kinross maintaining its ownership position of 9.99% on a partially diluted basis.

Kinross Private Placement : Under the Kinross Private Placement, the Company issued an aggregate of 885,000 Units at a price of C$0.84 per Unit for total gross proceeds of C$743,400. By news release dated August 26, 2025, the Company announced a non-brokered private placement of Units (the "Offering") with a strategic investor. Each Unit is comprised of one common share of Aurion (a "Common Share") and one-half of one Common Share purchase warrant of Aurion (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$1.08 for a period of three years following the closing date of the Offering, subject to acceleration in certain circumstances. The Offering closed on September 3, 2025.

Kinross initially purchased 6,853,500 Common Shares of the Company by way of private placement in September 2017, thus acquiring 9.98% of the then issued and outstanding Common Shares of the Company. Kinross has the right to maintain its pro rata share interest in the Company for so long as it owns at least 5% of the issued and outstanding Common Shares of the Company from time to time. On closing, Kinross will hold approximately 9.75% of the issued and outstanding Common Shares of Aurion on a non-diluted basis and approximately 9.99% of the issued and outstanding Common Shares on a partially diluted basis.

The Company plans to use the net proceeds of the Offerings for the exploration and advancement of the Company's Flagship Risti Project in Finland, as well as for general working capital purposes.

On September 08, 2025, Aurion Resources Ltd. announced the results for seven holes drilled at the Kaaresselkä area of the wholly owned Risti property, located in the Central Lapland Greenstone Belt in northern Finland. Summary:

  • Gold mineralized system extended by 300 m to the west to 1.4 km along strike at the Vanha prospect
    • 1.07 g/t Au over 9.20 m from 75.60 m and 1.20 g/t Au over 10.85 m from 109.65 m (KS25116)
    • 2.85 g/t Au over 4.80 m from 70.50 m and 1.68 g/t Au over 8.10 m from 155.10 (KS25110)
    • 0.88 g/t Au over 20.30 m from 43.00 m including 2.01 g/t Au over 4.15 m from 57.30 m (KS25115)
    • Near-surface mineralization extends the system 300 m towards west and is located approx. 1.1 km from the high-grade intervals reported Aug 11, 2025
    • Mineralization intersected 1.4 km along strike and to 250 m depth, open in multiple directions
  • Indications of gold mineralization in the western part of the Risti property
    • Three out of six scout holes intersected gold mineralized structures
    • Several samples with elevated, up to 213, gold grain counts from heavy mineral sampling
  • Drilling and generative exploration programs ongoing
    • Drilling ongoing targeting the potential extensions of the mineralized system at Vanha
    • Generative programs include till sampling and geophysical surveys

Comments: "Aurion's spring drilling program extended the gold mineralized system to 1,400 m along strike and to 250 m depth at the Vanha prospect (Kaaresselkä area). Significant widths of higher-grade mineralization were also discovered," commented Matti Talikka, CEO of Aurion. "The Vanha mineralized system is growing impressively. The ongoing drilling program is testing for further higher-grade mineralization and strike extensions."

On September 05, 2025, Aurion Resources Ltd. anounced a non-brokered private placement of Units (the "Kinross Private Placement") to Kinross Gold Corporation ("Kinross") which, on closing, will result in Kinross maintaining its ownership position of 9.99% on a partially diluted basis.

By news release dated August 26, 2025, the Company announced a non-brokered private placement (the "Offering") with a strategic investor (the "Strategic Investor") for 11,060,000 units (the "Units") of the Company for total consideration of C$9,290,400 at a price of C$0.84 per Unit. Each Unit is comprised of one common share of Aurion (a "Common Share") and one-half of one Common Share purchase warrant of Aurion (each whole Common Share purchase warrant, a "Warrant"). Each Warrant entitles the holder to acquire one Common Share at a price of C$1.08 for a period of three years following the closing date of the Offering, subject to acceleration in certain circumstances. The Offering closed on September 3, 2025.

Kinross initially purchased 6,853,500 Common Shares of the Company by way of private placement in September 2017, thus acquiring 9.98% of the then issued and outstanding Common Shares of the Company. Kinross has the right to maintain its pro rata share interest in the Company for so long as it owns at least 5% of the issued and outstanding Common Shares of the Company from time to time. The Kinross Private Placement is expected to comprise the sale of 885,000 Units at a price of C$0.84 per Unit for total proceeds of C$743,400. The Units comprising the Kinross Private Placement will have the same terms and conditions as the Units issued to the Strategic Investor. On closing, Kinross will hold approximately 9.75% of the issued and outstanding Common Shares of Aurion on a non-diluted basis and approximately 9.99% of the issued and outstanding Common Shares on a partially diluted basis.

On September 04, 2025, Aurion Resources Ltd. has closed the previously announced non-brokered private placement with a strategic investor that resulted in the strategic investor holding, after giving effect to the offering, approximately 6.88 per cent of the issued and outstanding common shares of Aurion on a non-diluted basis and approximately 9.98 per cent of the issued and outstanding common shares on a partially diluted basis. The strategic investor subscribed for 11.06 million units of the company at a price of 84 cents per unit for total consideration of $9,290,400. Each unit comprises one common share and one-half of one common share purchase warrant of Aurion. Each warrant entitles the holder to acquire one common share at a price of $1.08 for a period of three years following the closing date of the offering, subject to acceleration in certain circumstances. At least 75 per cent of the net proceeds of the offering will be used to advance exploration and technical work programs on the company's 100-per-cent-owned Risti project.

On August 26, 2025, Aurion Resources Ltd. has arranged a non-brokered private placement with a strategic investor that is expected to result in the strategic investor holding, after giving effect to the offering, approximately 6.88 per cent of the issued and outstanding common shares of Aurion on a non-diluted basis and approximately 9.98 per cent on a partially diluted basis. The strategic investor has agreed to subscribe for 11.06 million units of the company for total consideration of $9,290,400 at a price of 84 cents per unit. Each unit comprises one common share of Aurion and one-half of one common share purchase warrant of Aurion. Each warrant entitles the holder to acquire one common share at a price of $1.08 for a period of three years following the closing date of the offering, subject to acceleration in certain circumstances. At least 75 per cent of the net proceeds of the offering will be used to advance exploration and technical work programs on the company's 100-per-cent-owned Risti project.

The offering is scheduled to close on or around Sept. 3, 2025, or such other date(s) as the company and the strategic investor may agree, and is subject to certain conditions, including the acceptance of the TSX Venture Exchange and the receipt of all other necessary approvals.

On August 11, 2025, Aurion Resources Ltd. announced the results for ten holes drilled at the Kaaresselkä area of the wholly owned Risti property, located in the Central Lapland Greenstone Belt in northern Finland. Summary :

  • Mineralized system extended along strike and at depth at the Vanha prospect (Kaaresselkä area)
    • 4.42 g/t Au over 32.55 m from 267.80 m including 72.80 g/t Au over 1.00 m from 272.00 m, and 4.29 g/t Au over 4.45 m from 308.55 m (KS25111)
      • 100 m below the intercept of 7.92 g/t Au over 13.60 m from 162.10 m (KS25097)
    • 4.69 g/t Au over 3.00 m from 68.75 m (KS25108)
      • 90 m above the intercept of 7.92 g/t Au over 13.60 m from 162.10 m (KS25097)
    • Gold intersected 1,050 m along strike and to 250 m depth
  • Further results pending, exploration activities ongoing
    • Drill holes have targeted potential extensions of the mineralized system at the Kaaresselkä area

Comments :

"The intercept of 4.42 g/t Au over 32.55 m provides meaningful information on the potential for scale and growth of the mineral endowment at Kaaresselkä. These results are interpreted to extend the mineralized system 100 m below the previously released intercept of 7.92 g/t Au over 13.60 m", commented Matti Talikka, CEO of Aurion. "We continue to be impressed by the strength of deformation and alteration along the structural corridor at the Vanha prospect (Kaaresselkä area) where mineralization has been intersected over 1,050 m along strike and to 250 m depth and remains open in multiple directions. Further results are pending, and the continuation of the drilling program will target potential extensions of the mineralized system."

On June 26, 2025, Aurion Resources Ltd. announced the results for seven holes drilled at the Kaaresselkä area of the wholly owned Risti property, located in the Central Lapland Greenstone Belt in northern Finland. Summary:

  • Mineralized system extended by approximately 100 m to 950 m along strike at the Vanha prospect (Kaaresselkä area)
    • 1.71 g/t Au over 22.00 m from 126.20 m (KS25099)
    • 1.33 g/t Au over 9.30 m from 57.15 m (KS25102)
    • All six holes intersected gold mineralization
    • Mineralized system extends 950 m along strike and to 200 m depth, open in multiple directions
  • New mineralized zone confirmed 800 mwest-southwest from the Vanha prospect
    • 1.06 g/t Au over 15.35 m from 59.00 m (KS25101)
    • Mineralized zone open in multiple directions
  • Further results pending, exploration activities ongoing
    • Drill holes have targeted the potential strike and depth extensions of the mineralized system

Comments: "All recent Kaaresselkä holes intersected gold, including 1.71 g/t Au over 22.00 m, extending the strike of the gold mineralized system at the Vanha prospect by approximately 100 m to 950 m. In addition, a new zone of near-surface mineralization 800 m west-southwest from the Vanha prospect was confirmed by an intercept of 1.06 g/t Au over 15.35 m from 59.00 m", commented Matti Talikka, CEO of Aurion. "Aurion is looking forward to provide further updates on our active 2025 exploration program within our 100% owned Risti property,

On June 03, 2025, Aurion Resources Ltd. reported the results for mineralogical and metallurgical test work on two samples from the Vanha prospect (Kaaresselkä) and two samples from the Aamurusko prospect, located within the wholly owned Risti property in the Central Lapland Greenstone Belt in northern Finland.

Summary:

  • Kaaresselkä (Vanha prospect) samples, bottle roll cyanidation leaching test work
    • Sample 1 (KS22029), sample grade 4.39 g/t Au, gold recoveries 93.6-95.6%
    • Sample 2 (KS23071), sample grade 6.76 g/t Au, gold recoveries 94.5-96.1%
  • Aamurusko samples, bottle roll cyanidation leaching test work
    • Sample 1 (AM19106), sample grade 2.03 g/t Au, gold recoveries 94.2-97.8%
    • Sample 2 (AM19113), sample grade 15.24 g/t Au, gold recovery 99.9%
  • All samples demonstrate high recoveries confirming predominantly free-milling gold mineralization amenable to industry standard processing methods
    • Favorable liberation of gold grains at P80 75 µm grind size
  • Drilling is ongoing at the Kaaresselkä area, on the wholly owned Risti property
    • Targets include the Vanha prospect and the Kaares area

Comments: "The excellent results, with gold recoveries of 93.6-99.9%, from the initial mineralogical and metallurgical test work on the Risti samples confirm the presence of predominantly free-milling gold with favorable mineralogical and metallurgical characteristics for efficient processing using industry standard methods," commented Matti Talikka, Aurion's CEO. "The ongoing drilling program at Risti, with a focus on the Kaaresselkä area, is progressing well, and the results will be reported in due course."

On March 19, 2025, Aurion Resources Ltd. has signed a definitive agreement with KoBold Exploration Finland Oy, a wholly owned subsidiary of KoBold Metals Company, granting KoBold the right to earn an undivided 75-per-cent interest in an area covering approximately 35 square kilometres in the eastern portion of Aurion's 100-per-cent-owned 160-square-kilometre Risti property (the project area). Aurion retains the rights to explore for and develop any portions of the project area where the predominant mineral in a discovery is gold or silver.

"Aurion is pleased to welcome KoBold Metals as a partner with an aim to unlock value from the base metal and critical mineral potential of the eastern part of the Risti property," commented Matti Talikka, Aurion's chief executive officer. "The agreement with a split commodity structure enables Aurion to retain full exploration and ownership rights over significant gold and silver discoveries while leveraging KoBold's expertise in exploration for metals and minerals important for the green energy transition. The base metal prospectivity of the region is well evidenced by the Kevitsa Ni-Cu-PGE mine (Boliden) and the Sakatti Ni-Cu-PGE discovery (Anglo American) located 12 km from the Risti property."

"We welcome the opportunity to work with Aurion to explore for critical metals on part of their Risti property. Aurion is a reputable, experienced company with strong operating capabilities. We look forward to combining these experiences and operating capabilities with KoBold's team and technologies to search for a new discovery on this property. We are looking forward to getting the exploration teams on the ground in the coming months," said Daniel Enderton, KoBold Metals chief strategy officer.

February 24, 2025, Aurion Intersects 7.92 g/t Au over 13.60 m in a Step-out Hole and Extends Gold Mineralized System at Kaaresselkä, Risti Property

https://aurionresources.com/news/2025/aurion-intersects-7.92-g-t-au-over-13.60-m-in-a-step-out-hole-at-kaaresselka-risti-property/

January 13, 2025, Aurion Intersects 8.08 g/t Au over 6.75 m and 3.00 g/t Au over 16.25 m and Extends Gold Mineralized System at Kaaresselkä, Risti Property

https://aurionresources.com/news/2025/aurion-intersects-8.08-g-t-au-over-6.75-m-and-3.00-g-t-au-over-16.25-m-and-extends-gold-mineralized-system-at-kaaresselka-risti/


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