Aurora Minerals Limited (ASX: ARM) (Company) is pleased to advise that it has signed an Earnin and Joint Venture Agreement (Agreement) with VentureX Resources Limited (VXR) and VXR's wholly owned subsidiaries, Jutt Resources Pty Ltd (Jutt) and VentureX Pilbara Pty Ltd (VXP), whereby the Company's wholly owned subsidiary Whim Creek Metals Pty Ltd (WCM) will, on the satisfaction of various conditions precedent, acquire up to an 80% interest in the advanced-stage Whim Creek Copper-Zinc Project (Project) (Transaction) via an earn-in arrangement and enter into an unincorporated joint venture with Jutt and VXP (VXR Parties) in relation to the Project.

VXR holds 100% of both Jutt and VXP, which are the registered holders in respect of certain mining tenements (detailed below) that comprise the Project. As part of the Transaction, the Company intends to undertake a capital raising under a full form prospectus to raise $2 million (Public Offer Shares) at a price to be determined (Public Offer). Funds raised, together with existing cash reserves and cash from the sale of liquid assets, will be spent to deliver a feasibility study and rectify/upgrade onsite infrastructure as well as further exploration expenditure. The feasibility study will focus on de-risking ore sorting and rejects heap leaching while confirming key metallurgical and mining design data.

The Transaction is subject to satisfaction of various conditions precedent, including Company shareholder approval and the Company re-complying with the admission and quotation requirements of Chapters 1 and 2 of the Listing Rules.

Contact:

Geoff Laing

Tel: 08 6143 1840

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