KOWA Project
Location
The KOWA project is a high-grade gold exploration project, covering an area of 1614 ha, located 55km NW of Kolwezi (DRC).
The project is accessible year round by several asphalted and dirt roads.

History
The project area was first explored in the early 20th century by geologists of Tanganyika Concession Ltd (TCL) and later by Union Minière de Haute Katanga (UMHK).
Historical exploration work consisted of pitting, trenching and underground exploration galleries. Several gold bearing quartz veins were identified.
Promising results (historical results, under verification, non-JORC) reported by UMHK include:
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12,40 g/t over 3m in trench TR01
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62,50 g/t over 7,5m in trench TR05
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10,55 g/t over 4,5m in trench TR06
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85,34 g/t over 12m in trench TR07
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15,23 g/t over 10,5m in trench TR08
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122,52 g/t over 5m in trench TR11
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39,25 g/t over 14m in trench TR12
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145,33 g/t over 8,5m in trench TR21

Geology
The KOWA project is located in the Kibara Belt. The Kibara Belt (KIB) and Karagwe-Ankole Belt (KAB) of Central Africa evolved between three pre-Mesoproterozoic domains: the Congo Craton to the west and north, the Tanzania Craton to the east, and the Bangweulu Block to the south. These belts are separated by the Paleoproterozoic Ubende Belt and form part of the larger Mesoproterozoic orogenic systems of Central Africa.
The KIB and KAB are interpreted to have formed in a complex tectonic setting involving alternating phases of extension and compression linked to the assembly and evolution of the Rodinia supercontinent. The southwestern KIB has been considered an active margin setting (Kokonyangi et al., 2004, 2005, 2006, 2007), while the northeastern KAB shows evidence of intracontinental basin formation and subsequent inversion associated with prolonged magmatic activity and deformation. These belts were affected by multiple deformation events, widespread granitic intrusions, and significant metallogenic events emplacing rare metal mineralization.

Work Program
This project is fully funded by Aurora. The Aurora exploration team commenced fieldwork with verifications of historic sample results. Initial field investigations have produced promising preliminary findings regarding the presence and continuity of gold mineralization.
Ongoing activities include re-sampling and detailed exploration. Drilling operations are scheduled to begin in the second quarter of 2025.
