AURX North Mara Gold Project

The AURX North Mara Gold Project is our most advanced gold asset: a 19.47 km² prospecting licence (PL1838) in the Tarime District of Mara Region, Northern Tanzania, positioned 18.5 km along strike from Barrick Gold's producing North Mara operation — one of the largest gold mines in East Africa, with cumulative historical production and reserves exceeding five million ounces.

The project hosts nine interpreted mineralised corridors, fifteen priority drill targets, and a conceptual exploration target of 2.73 million ounces of gold. Confirmed artisanal workings on the licence have returned shaft-sample grades up to 26.7 g/t Au. A Bayesian prospectivity model integrating regional geophysics, structural interpretation, surface geochemistry and historical artisanal workings has been completed and is the basis for the current drill programme.

The project sits within the Musoma-Mara Greenstone Belt (MMGB) — the easternmost arm of the Lake Victoria Goldfield, a Neoarchean orogenic gold province that has produced over 50 million ounces to date. Host stratigraphy comprises mafic-to-felsic volcanic rocks, banded iron formations and tightly folded metasediments of the Nyanzian Supergroup, intruded by syn-tectonic granitoids.

Mineralisation across the belt is characterised by structurally controlled, shear-hosted orogenic gold systems — free gold with minor sulphide association, typically developed along second- and third-order splays off major regional shear zones. At North Mara proper, the Nyabigena-Gokona-Nyabirama trend has yielded discovered endowment exceeding 10 million ounces in open-pit and underground deposits. PL1838 lies on the same structural corridor, with aeromagnetic lineaments and lithological contacts interpreted to continue through the licence.

PL1838 represents a rare combination: immediate proximity to a globally significant producing mine, confirmed surface mineralisation from historical artisanal activity, and substantial geological terrain not systematically explored by previous licensees. Two shafts (RM3 and SH) have been sampled in detail, returning high-grade channel-sample intervals:

• RM3-HG1 returned 26.7 g/t Au over a representative channel sample
• RM3-HG2 returned 17.0 g/t Au from a parallel structure
• SH-13 and SH-14 returned 12.0 g/t Au and 14.0 g/t Au respectively

These grades are consistent with orogenic gold systems on the belt and provide strong calibration for the geophysical and geochemical exploration vectors used in target generation.

AURX has completed a comprehensive Bayesian voxel-based prospectivity model (iteration v7), integrating seven input evidence layers: total magnetic intensity (reduced-to-pole), magnetic gradient, structural lineament density, lithological contacts, surface geochemistry, historical artisanal workings, and the structural distance to interpreted regional shear controls. The model produces per-voxel posterior probabilities of deposit occurrence, P(dep), with fifteen priority targets (A1–A15) ranked by P(dep) up to a maximum of 0.92.

A 50-metre-line-spacing drone magnetic survey has been designed to infill the existing regional coverage, with design documents under reference AURX-TAR-MAG-2026-01. The programme is configured as five flight blocks totalling approximately 741 line-kilometres, with indicative budget USD 314,000 to USD 412,000 depending on vendor selection. Survey output will feed directly back into the prospectivity model for drill-target refinement.

The conceptual exploration target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain whether further exploration will result in the estimation of a Mineral Resource.

The immediate work programme comprises three phases. First, completion of the planned drone magnetic survey and integration of new data into the v8 prospectivity model. Second, shallow reverse-circulation drilling of the top five priority targets (A1 through A5), with approximately 4,000 metres planned across the first drill campaign. Third, soil-geochemistry infill on targets A6 through A15 to support second-phase drill planning. The campaign is designed to deliver a maiden JORC-compliant Mineral Resource on the leading targets within 18 to 24 months of drill commencement.

AURX is open to strategic partnership structures on PL1838, including joint ventures and farm-in arrangements with qualified technical partners. The geological setting, the strength of the surface-sample evidence, and the maturity of the prospectivity modelling combine to make this a rare asset for early-stage capital seeking direct exposure to East African gold.