AUR Quarterly Activities Report Overview

Auris Minerals Limited (ASX: $AUR) has released its Quarterly Activities Report for the period ended 31 March 2024. The report highlights the company's strategic advancement of high-quality targets within the Bryah Basin, along with the assessment of new project opportunities. Additionally, the company has rationalized its tenement portfolio, including the relinquishment of tenements at the Forrest Project and the withdrawal of a Morck Well tenement in joint venture with Jackson Gold. The company's cash balance at the end of the period stood at approximately $2.0M.

Executive Commentary on Quarterly Activities

Auris Managing Director, Mike Hendriks, stated, 'Auris continues to evaluate high-quality targets at Morck Well and Forrest projects to determine how best to extract value. Targeted rationalization of our tenement package continued with the relinquishment of non-core tenure within the Forrest project and the withdrawal of a Morck Well tenement from the Company's joint venture with Jackson Gold. Our focus remains to ensure the Company is adequately funded, with a focus on the Company's higher quality assets in the Bryah and the evaluation of new project opportunities.'

Summary of Quarterly Activities and Outlook

Auris Minerals' Quarterly Activities Report demonstrates the company's commitment to strategic exploration in the Bryah Basin, focusing on high-quality targets and the evaluation of new project opportunities. The rationalization of the tenement portfolio reflects the company's efforts to optimize its asset base. With a cash balance of approximately $2.0M, Auris Minerals is well-positioned to continue its exploration activities. The company's ongoing review of tenure and the relinquishment of non-core tenure within the Forrest project indicate a proactive approach to portfolio management. Looking ahead, Auris Minerals aims to ensure adequate funding while concentrating on its higher quality assets in the Bryah and exploring new project opportunities.