Aurelia Mining Limited (“Aurelia”) is pleased to announce it has signed an acquisition agreement to buy 100% of Iron Ore Mining Limited (“IOML”), a Nigerian company that has the rights to Mining Lease 11675ML, located close to Abuja in the Federal Capital Territory, which contains the discovered Babban Tsauni Gold Deposit.

Aurelia Mining Limited is a United Kingdom based company focused on becoming one of Nigeria’s leading gold producers. Aurelia believes that Nigeria is very prospective for mineral development and exploration and has been under-explored to date due to a focus on oil and gas in Nigeria. The Ministry of Mines and Steel has recently publicly declared its commitment to attracting foreign investment for the Mineral Industry in Nigeria and its willingness to work with western companies to develop new projects.

The Babban Tsauni gold deposit has 11 modelled lodes, with a cumulative strike length of ~ 3.2 km and average width of 2m, encompassing mineralisation hosted within the high-grade veins and their associated wall rock alteration projected to a depth of 50m below surface. A number of additional, untested mineralisation targets have been identified by reconnaissance mapping and interpretation of available data. Aurelia believes there is significant upside in extending the discovered deposit, and also in the surrounding area.

Aurelia has commissioned a NI 43-101 compliant (Canadian resource reporting standards) report that is expected to be finished in the fourth quarter 2021. Once this report had been completed a forward appraisal/development plan will be devised as well as a preliminary mining plan. Aurelia will then seek funding from Western Capital markets.