Exhibit 96.7

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DATe and signature

This report, entitled “SK-1300 Technical Report Summary, Initial Assessment on the Era Dorada Gold Project, Jutiapa, Guatemala”, having an effective date of December 31, 2024, was prepared by GE21 Consultoria Mineral Ltda. on behalf of Aura Minerals Inc., and signed.

Dated at Belo Horizonte, Brazil, on June 6, 2025.

/s/ Porfirio Cabaleiro Rodriguez

Porfirio Cabaleiro Rodriguez

/s/ Homero Delboni

Homero Delboni

/s/ Garth Kirkham

Garth Kirkham

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NOTICE

GE21 Consultoria Mineral Ltda. prepared this Technical Report Summary, in accordance with S-K 1300 guidelines, for Aura Minerals Inc. The quality of information, conclusions and estimates contained herein is based on: (i) information available at the time of preparation; (ii) data supplied by outside sources, and (iii) the assumptions, conditions, and qualifications set forth in this report.

The Report is prepared in accordance with guidelines for mining property disclosure requirements provided in United States Securities and Exchange Commission (SEC) Regulation S-K, Subpart 1300 [S-K 1300]. Except for the purposes legislated under securities law, any other use of this report by any third party is at that party’s sole risk.

Before this report, this deposit was named “Cerro Blanco.” Aura Minerals Inc. has renamed it to “Era Dorada”. Therefore, all previous studies that were used as the basis for information in this report refer to the former name Cerro Blanco.

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UNITS, SYMBOLS, AND ABBREVIATIONS

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TABLE OF CONTENTS

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lIST OF TABLES

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LIST OF FIGURES

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Page 1

In January 2025, Aura Minerals Inc (“Aura” or “the Company”) completed the acquisition of the Era Dorada Gold Project—formerly “Cerro Blanco Gold Project”—and Mita Geothermal Project, located in Jutiapa, Guatemala, near the town of Asunción Mita and the border with El Salvador. The Era Dorada Project (“Era Dorada” or “the Project”) is 100% beneficially owned by Aura. Aura is a public, TSX-listed company trading under the symbol “ORA”, with its head office located at 78 SW 7^th St., Miami, FL 33130, USA.

Aura commissioned GE21 Consultoria Mineral Ltda. (GE21) to prepare a Technical Report Summary (TRS) for the Project. The Mita Geothermal Project is not considered in this report.

This TRS, titled “SK-1300 Technical Report Summary, Initial Assessment on the Project, Jutiapa, Guatemala”, presents information in compliance with United States Securities and Exchange Commission’s (SEC) Modernized Property Disclosure Requirements for Mining Registrants as described in Subpart 229.1300 of Regulation S-K, Disclosure by Registrants Engaged in Mining Operations (S-K 1300) and Item 601 (b)(96) Technical Report Summary.

The purpose of this study is to document a Mineral Resource Estimate, mine design, and preliminary economics of the Project.

The Qualified Persons (QPs) responsible for this independent TRS are Mr. Porfirio Cabaleiro Rodriguez, Mr. Homero Delboni Jr., and Mr. Garth Kirkham. Neither GE21 nor the authors of this Independent TRS have had any material interest invested in Aura or any of its related entities. Their relationship with Aura is strictly professional, consistent with that held between a client and an independent consultant. This TRS was prepared in exchange for payment based on fees that were stipulated in a commercial agreement. Payment of these fees is not dependent upon the results of this TRS.

The effective date as it relates to the Initial Assessment is December 31, 2024, with the issue date of this TRS being June 6, 2025.

The information presented regarding the tenure, status, and work permitted by permit type is based on information published by the Ministerio de Energía y Minas (MEM).

This TRS has been reviewed for factual errors by Aura and all QPs. Any changes made as a result of these reviews did not involve any alteration to the conclusions made. Hence, the statements and opinions expressed in this TRS are given in good faith and in the belief that such statements and opinions are not false and misleading at the date of this TRS.

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The Project is located in southeast Guatemala, in the Department of Jutiapa, approximately 160 km by road from the capital, Guatemala City, and approximately 9 km west of the border with El Salvador. The nearest town to the Project is Asunción Mita, situated approximately 7 km west of the Project. The exploitation license covers 15.25 km² and lies entirely in the municipality of Asunción Mita.

The approximate center of the Project area is located at UTM coordinates X: 212,250 m E, Y: 1,587,250 m N, referenced to NAD27, Zone 16N. These coordinates correspond to the central portion of the mineral concession and are used for spatial reference in this report.

Current road access to the site is via the Pan-American Highway (Highway CA1) through the town of Asunción Mita. Existing infrastructure is in place to provide year-round access to the site. The topography is relatively flat, with rolling hills.

The climate and vegetation at the Project site are typical of a tropical dry forest environment. The elevation is between 450 and 560 masl. The wet season is typically from May to October. The average annual rainfall is 1,350 mm. Daily temperature highs reach 41°C, and lows reach 10°C. The average annual pan evaporation rate is 2,530 mm, with an annual average humidity of 62%.

The Project is situated in proximity to several communities, the largest of which is Asunción Mita, with a population of approximately 18,500 people. The recently constructed La Barranca power substation is located a few kilometers south of Mita. The substation can supply up to 20 MW of power.

There is no record of any previous mining activity in the area; however, with the closure of Goldcorp’s Marlin Mine in late 2017, it is anticipated that a significant contingent of Guatemalan-trained labor will be available for employment at Era Dorada. As such, the Project intends to hire the majority of operations staff locally. It has allowed the Owner's budget to cover the cost of training programs.

A portion of the mine workforce is expected to live at the mine site in a purpose-built permanent camp, while employees living in the surrounding communities will provide their own transportation to and from the mine site. For employees residing in the wider Jutiapa region and areas beyond Asuncion Mita, the Company will provide transportation to and from the mine site from designated locations. There are several population centers near the Project site.

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The Era Dorada property (formerly “Cerro Blanco”) was identified by Mar-West by a sampling of densely silicified boulders. In October 1998, Mar-West’s holdings in Honduras and Guatemala were purchased by Glamis Gold Ltd. In November 2006, Goldcorp Inc. became the sole proprietor of the Project through the purchase of Glamis Gold. Goldcorp undertook a comprehensive exploration program from 2006 to 2012, which included additional surface exploration, over 3.4 km of underground development, and 43,016 m of surface and underground drilling. On January 4, 2017, Bluestone agreed with Goldcorp to acquire 100% of the Project. On October 29, 2024, Aura purchased Bluestone Resources thereby acquiring 100% of the property.

As of the end of 2021, Bluestone had drilled approximately 267 holes for a total of 45,725 m on the Cerro Blanco property since the acquisition from Goldcorp. Geology & Mineralization

The Project is a classic hot springs-related, low-sulfidation epithermal gold-silver deposit comprising both high-grade vein and low-grade disseminated mineralization. The Cerro Blanco district is part of an active volcanic arc characterized by Miocene-Pliocene-aged bimodal volcanism that extends through El Salvador, Honduras, and Nicaragua.

High-grade mineralization is hosted in the Mita unit as two upward-flaring vein swarms comprising over 60 veins (North and South Zones) that converge downwards and merge into basal feeder veins. Low-grade disseminated and veinlet mineralization within and as halos around the high-grade veins is well documented in drilling since the discovery of the deposit. Most of the veins are blind to the surface and concealed by the syn-mineral Salinas Unit, a sub-horizontal sequence of volcanogenic sediments and sinter horizons approximately 100 m thick that form the low-lying hill at the Project. The Salinas cap rocks are host to low-grade mineralization associated with silicified conglomerates and contemporaneous dacite/rhyolite flow domes or cryptodomes.

Both high and low-angle banded crustiform/colloform chalcedony veins, locally with calcite replacement textures, make up the deposit, with bonanza-grade gold grades largely confined to the chalcedony-quartz veins, especially where adularia bands are prominent. High-grade mineralization occurs over a vertical profile of 400 m (150 to 450 masl). At depth, calcite-dominated veins form the limit to mineralization; nonetheless, very locally, high gold values are present in calcite-dominated veins and silicified structures containing only minor quartz veinlets.

The Salinas Group includes thin hot spring deposits, including sinters, which are genetically linked to underlying swarms of epithermal, gold-silver bearing quartz veins. The west and east sides of the Era Dorada ridge consist of flat agricultural plains characterized by Quaternary basalts, interbedded with boulder beds and sands. These rocks also appear down-faulted to lower elevations, implying major post-mineral extensional movements on such faults.

The current gold resource occurs under a small hill within an area of 400 m by 920 m. Gold-bearing structures in the Era Dorada area extend 2 km to the northwest of the gold deposit and occur largely confined within the hydrothermal alteration zone. The extensive drilling undertaken to date of the high-grade vein swarms and their surrounding low-grade mineralized

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envelopes and overlying mineralized cap rocks show impressive intercepts, including 203.8 m grading 2.3 g Au/t and 8.1 g Ag/t (CB20-420) and 87.2 m grading 5.9 g Au/t and 32.5 g Ag/t (UGCB18-89).

Vein textures suggest that gold and silver were introduced as one major event of multi-stage finely banded veining (originally amorphous silica) with subordinate bands of platy calcite, which is mostly pseudomorphed to cryptocrystalline silica phases. Repetitive “crack and seal” pulses and associated boiling/flashing events very close to the paleosurface are proposed as the main mechanisms for precious metal deposition. Very high-grade core intersections with coarser and more abundant sulfides, electrum, and free gold appear to represent an earlier series of events. Deportment studies indicate that approximately 99% of the gold occurs in electrum as free or exposed grains, with lesser amounts as native gold and kustelite. The lack of post-mineral structural displacement of veins and distribution of high grades over a +400 m vertical profile attest to the pristine nature of the veins at Era Dorada. The lack of inter-stage hydrothermal brecciation and coarse-grained primary quartz textures suggest that the mineralizing event was fairly short-lived and occurred very close to the paleosurface.

The Era Dorada property was identified by Mar-West by a sampling of densely silicified boulders. In October 1998, Mar-West’s holdings in Honduras and Guatemala were purchased by Glamis Gold Ltd. In November 2006, Goldcorp Inc. became the sole proprietor of the Project through the purchase of Glamis Gold. Goldcorp undertook a comprehensive exploration program from 2006 to 2012, which included additional surface exploration, over 3.4 km of underground development, and 43,016 m of surface and underground drilling. On January 4, 2017, Bluestone agreed with Goldcorp to acquire 100% of the Project and on October 29, 2024, Aura acquired Bluestone Resources.

As of the end of 2021, Bluestone had drilled approximately 267 holes for a total of 45,725 m on the Era Dorada property since the acquisition from Goldcorp. Table 1-1 summarizes the historical drilling on the property.

Table 1-1: Drilling summary

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Source: Bluestone, 2021.

Garth Kirkham, P. Geo., has been involved with the property since its acquisition in early 2017, when he performed the initial due diligence and authored the updated resource estimate for Bluestone. Mr. Kirkham first visited the property on May 8, 2017, to validate all aspects of the Project. The site visit included an inspection of the property, offices, underground vein exposures, core storage facilities, water treatment plant, and stockpiles, and a tour of major centers and the surrounding villages most likely to be affected by any potential mining operation.

Since 2017, Mr. Kirkham has visited the property numerous times for extended periods to develop and implement data-gathering and sampling methods and procedures. He also worked with Bluestone geologists to develop drill programs and supervise interpretation and modeling efforts, in addition to creating and implementing QA/QC procedures. Continued data validation and verification processes have not identified any material issues with the Era Dorada sample and assay data.

During Q3 and Q4 2020, the Era Dorada drill and assay database was moved to the AcQuire - GMSuite platform hosted by CSA Global, providing an enhanced and more secure standard of data management.

It is the opinion of the QP, Garth Kirkham, P. Geo., that the sampling preparation, security, analytical procedures, and quality control protocols used at Era Dorada are consistent with generally accepted industry best practices and are, therefore, reliable for resource estimation.

Metallurgical test work was conducted on samples from the Era Dorada deposit (formerly named “Cerro Blanco”) between April 1999 and January 2012 by Kappes, Cassiday & Associates (KCA) and in 2018 by Base Metallurgical Laboratories Ltd. (BaseMet) in Kamloops, BC.

The test work programs included comminution testing, determination of head assays, grinding size assessments, gravity concentration, leach testing, tailings testing, and cyanide destruction.

Data obtained from both test work campaigns were used to estimate gold and silver recoveries, as well as to define the processing flowsheet configuration and process design criteria.

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For the global composite sample, the average recoveries obtained were 96% Au and 85% Ag.

Era Dorada is a classic hot springs-related, low-sulfidation epithermal gold-silver deposit comprising both high-grade vein and low-grade disseminated mineralization. Most of the high-grade mineralization is hosted in the Mita unit as two upward-flaring vein swarms (north and south zones) that converge downwards and merge into basal feeder veins where drilling has demonstrated widths of high-grade mineralization (e.g., 15.5 m 21.4 g Au/t and 52 g Ag/t). Bonanza gold grades are associated with ginguru banding and carbonate replacement textures. Sulfide contents are low, typically < 3% by volume. Low-grade disseminated and veinlet mineralization in wall rocks around the high-grade veins is well documented in drilling since the discovery of the deposit, with grades typically ranging from 0.3 to 3.0 g/t Au.

The Salinas unit overlies the Mita rocks, a sub-horizontal sequence of volcanogenic sediments and sinter horizons approximately 100 meters thick, which form the low-lying hill at the Project. Low-grade disseminated, and veinlet mineralization within and as halos around the high-grade vein swarms is well documented in drilling since the discovery of the deposit, with grades typically ranging from 0.3 to 1.5 g Au/t. The overlying Salinas cap rocks are also host to low-grade mineralization associated with silicified conglomerates and rhyolite intrusion breccias.

Mineral exploration activities conducted at Era Dorada have been performed in accordance with S-K 1300.

The mineral resource estimate reported herein was prepared by Mr. Garth Kirkham, P. Geo. The mineral resources have been estimated in conformity with generally accepted CIM “Estimation of Mineral Resource and Mineral Reserves Best Practices.” There are 130,307 gold assays, totaling 153,078 m, which average 0.68 g/t, and 130,238 silver assays, totaling 153,003 m, which average 3.75 g/t. Bulk densities were assigned to individual rock types and assigned on a block-by-block basis using measurement data by lithology and mineralized veins.

The estimate was completed using MineSight^TM software with a 3D block model (5 m x 5 m x 5 m). Interpolation parameters have been derived based on geostatistical analyses conducted on 1.5-meter composited drill holes. Block grades have been estimated using ordinary kriging (OK) methodology, and the mineral resources have been classified based on proximity to sample data and the continuity of mineralization in accordance with S-K 1300 requirements.

Table 1-2: Resource estimate using 2.25 g Au/t Cut-off

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The mineral resource statement is subject to the following:

Source: Kirkham, 2025.

In addition, there has been mixed grade material mined during the creation of the extensive, existing ramp network which has been stockpiled adjacent to North Ramp entrance. Table 1-3 shows the volume and tonnage based on an unconsolidated specific gravity of 2.0 gm/cm³ along with gold and silver grades and metal content. These resources are classified as measured.

Table 1-3: Stockpile Resource estimate (Measured Resource)

Source: Kirkham, 2019.

Mineral resources are not Mineral Reserves and have no demonstrated economic viability. This initial assessment does not support an estimate of Mineral Reserves since a pre-feasibility or Feasibility Study is required for reporting mineral reserve estimates. This report is based on potentially mineable material (mineable tonnes and do not Reserve Estimate).

Mineable tonnages were derived from the resource model described in the previous section. Measured, Indicated, and Inferred resources were used to establish mineable tonnes.

Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as Mineral Reserves. There is no certainty that all or any part of the Mineral Resources or mineable tonnes would be converted into Mineral Reserves.

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High-grade mineralization at the Era Dorada deposit is hosted within laterally stacked, sub-parallel narrow veins that generally strike northeast, with average azimuth ranging from 25° to 50°. Vein dip varies, including both tabular and near-vertical geometries.

The average dip of high-grade structures is approximately 50° to 55°. The average vein thickness ranges from 2 to 10 m, with an average spacing of 8 m between parallel structures. The potentially mineable resource ranges from 50 m at the lowest levels to 300 m near the surface. The mineralized system comprises more than 50 modeled veins with variable geometry along both strike and dip.

Era Dorada is proposed to be mined as an underground operation using a combination of longhole stoping (LH) and mechanized cut-and-fill (MCF) mining methods, with cemented paste and rock backfill. A target production rate of 1,500 tpd is envisioned over a mine life of 17 years, which will extract 8.9 Mt of ore. LH stoping will account for about 77% of total production, and the remaining 23% will come from MCF and development. The Era Dorada deposit will be accessed from surface via a series of ramps, and all ore and waste rock will be trucked out of the mine. In addition to the four existing ventilation raises, two new raises will be required to circulate the required amount of air through the underground workings.

Dewatering, ventilation, and cooling are crucial aspects of mine design at Era Dorada. A series of existing and new surface dewatering wells will lower the water levels in the immediate mine area. Any remaining water underground will be captured and pumped to the surface through collection at underground sumps. For ventilation, the quantity of air required has been designed to dilute diesel particulate matter, reduce the air temperature from exposed rock, and maintain worker comfort. Mine air refrigeration will be used to maintain air temperatures in working areas below 28°C wet bulb.

Indicated and Inferred Mineral Resources were included in the mine design and schedule optimization process. The Indicated material accounts for 78% of LoM, while Inferred material accounts for 22%.

The mine production schedule is shown in Table 13-13.

The processing plant will process 1,500 tpd, consisting of the following unit operations:

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The leach circuit will have a residence time of 36 hours. The sodium cyanide (NaCN) consumption is predicted to be in the range of 0.3 to 0.5 kg/t to maintain a cyanide concentration of 500 ppm. Cyanide will be destroyed using the SO₂/Air process (Detox circuit). Tailings resulting from the Detox circuit will be transferred to a thickener, whose underflow will be pumped to the filtration circuit, where a horizontal vacuum filter will reduce the cake moisture to 18.6% (dry basis).

Most of the water consumed in the processing plant is designed to derive from recirculation within the industrial installation.

The main reagents to be used in the Era Dorada industrial plant are sodium cyanide, hydrated lime, lead nitrate sodium hydroxide, sodium metabisulfite, hydrochloric acid, copper sulfate pentahydrate, and flocculant.

The Project plans the installation of the following elements to support the mine and process facilities:

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The proposed site layout has been designed to support mining and plant operations while minimizing environmental and community impacts, reducing construction costs, ensuring secure access, and optimizing operational efficiency.

Existing Facilities: Administrative, technical, geology, environmental, and assay lab facilities are established and will remain operational. Logistics, security, equipment servicing, and sample processing infrastructure are also in place.

Access and Security: Current access via a gravel road with a 27-t bridge is insufficient. A new 5.5 km access road connecting directly to the Pan-American Highway with an 80 m bridge over El Achotal River will be built. The site entrance will feature a secure gate and access control. Fencing and security personnel will oversee site safety, with heightened measures in place during construction.

Power Supply: Power will be supplied via an 8.2 km, 69 kV transmission line from Energuate Barranca Honda Substation, stepping down to 13.8 kV and lower voltages as needed. Emergency power will utilize relocated diesel generators to support critical loads (~7 MVA). Temporary generators will serve construction needs.

Process Plant: Approximately 150 m x 70 m, including grinding, leaching, Merrill-Crowe, filtration, detoxification, reagent prep, dry stack tailings filtration, and electrical rooms. Enclosed milling and refinery facilities will be built to code; MCCs and control rooms will be preassembled where possible.

Water Management: Existing and new dewatering wells (totaling 24 wells) will manage groundwater inflows, with peak surface dewatering at ~795 m³/h, supplemented by underground sumps. A new cooling pond and expanded water treatment plant (capacity 341 m³/h) will treat mine water for process use and personnel facilities—potable water supplied by local bottled water vendors. Water reuse is emphasized through the use of reinjection wells and a zero-discharge strategy.

Maintenance Facilities: Mine truck shop near administration and North Portal with three service bays, welding/general shop, oil change bay, outdoor wash bay, parts warehouse, and offices—steel structure with 10-t crane.

Water Storage: New dual-purpose fresh/fire water tank (640,000 l) with minimum 470,000 l fire reserve; adjacent 170,000 l process water tank.

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Fuel Storage: Existing diesel tanks (2 × 37,500 l) expanded by one additional tank and containment area. Capacity supports 14 days of mobile equipment or 2 days of critical loads.

Access Roads: North and South portal roads widened to 22 m, with the north road extended to the dry stack tailings facility. Temporary construction roads developed as needed.

Communications: Existing tower supplemented with fiber optic cable alongside 69 kV power line. Dedicated underground mine communication system and handheld radios for mobile equipment and security.

Emergency Services: First aid clinic under construction with training room and medical storage. Ambulance and fire truck stationed near the process plant. Site-wide safety detectors and fire extinguishers installed.

Explosives Storage: Existing explosives magazine continues in use with a capacity for 75,000 kg explosives and 10,000 detonators; monthly deliveries planned; compliant safety berms.

Sewage Treatment: Septic systems with bio-reactors for sanitary waste; existing and new units for expanded facilities; treated wastewater separated before discharge.

Surface Water Management: Separation of contact and non-contact water; contact water reused or treated; non-contact runoff directed to sediment control ponds and discharge points. Stormwater managed by lined channels, ponds, culverts, and erosion controls designed for 100-year storm events.

Dry Stack Tailings Facility (DSTF): Designed for 3 million tonnes (1.9 million m³) of filtered tailings with centerline-raised embankment. Seasonal deposition for stability and runoff control. Tailings transported by haul trucks. Initial infrastructure includes impoundments, underdrains, geotextile liners, reclaim and stormwater ponds, and water recirculation systems.

Geotechnical Investigations: Extensive test pits, boreholes, SPT, and permeability testing confirmed subsurface conditions (colluvial/alluvial soils over residual sedimentary and volcanic materials) and supported foundation design and seismic performance.

Seepage System: Foundation underdrains and vertical decant towers collect seepage and runoff, directing water to reclaim and stormwater ponds with pumps returning water to the process plant, supporting zero-discharge management.

Waste Rock Facility (WRF): Located near the south portal, designed for 120,000 m³ temporary storage, primarily for underground backfill. Preliminary geochemical tests indicate low acid generation risk; further testing and detailed geotechnical studies planned.

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Mineral Resources were estimated using a gold price of US$ 2,000 per troy ounce. Project economics were evaluated at a gold price of US$ 2,389 per troy ounce and a silver price of US$ 28.44 per troy ounce. All price assumptions are based on the long-term consensus forecast from over 20 investment banks.

Aura’s review shows that the Project has all necessary permits to proceed with the development of the underground mine and construction of the process facilities, subject to the future operation to adhere to the conditions of the existing permits.

Environmental studies have been conducted at Era Dorada since the Project's inception. The Environmental Impact Assessment (EIA) was submitted and approved for an underground mine in 2007 by Guatemala’s Ministry of Environment and Natural Resources (MARN). However, the Project design changed since 2007 and requires permit amendments. Additionally, new baseline studies are necessary for infrastructure components such as power lines. The approved EIA includes an Environmental Management Plan (EMP), a Social Management Plan (SMP), and a Conceptual Mine Closure Plan, which have been reviewed and updated following international best practices.

The Project's water management infrastructure consists of a Water Treatment Plant (WTP), pipelines, settling ponds, wells, and cooling channels. Monitoring of surface and groundwater is conducted regularly, with compliance reports submitted to MARN. Naturally occurring metals such as aluminum and arsenic are found in local waters. The WTP, designed for arsenic removal, uses ferric salt co-precipitation and ensures compliance with Environmental Protection Agency (EPA) and Guatemalan standards.

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Baseline studies have been conducted in the region since 2007, documenting its biodiversity. Ongoing monitoring indicates minimal impact from the Project. The local ecosystem comprises subtropical and tropical dry forests, which support a diverse array of plant species. Wildlife monitoring shows stable populations of birds, reptiles, and aquatic fauna. Preventive conservation measures, including habitat relocation for threatened species, have been implemented.

A dedicated on-site team monitors the potential impact on cultural and archaeological artifacts. Pre-construction inspections and external expert consultations ensure compliance with relevant regulations. To date, no significant historical artifacts have been identified within the Project’s direct area of influence.

The Project maintains 26 monitoring stations for water quality, six for air quality, and additional noise monitoring locations. Monthly reports are submitted to regulatory authorities. While air quality and noise monitoring were not included in the original 2007 baseline study, comparisons to EPA standards ensure compliance.

The Environmental Management Plan (EMP) has been updated to incorporate lessons learned from a decade of on-site environmental data collection. The plan aligns with regulatory requirements and international best practices. It integrates corporate health, safety, and environmental programs, including emergency response strategies.

Aura prioritizes strong community relationships. The Project retains a comprehensive database of community engagement activities and sustainability initiatives. The updated Social

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Management Plan (SMP) incorporates IFC performance standards and includes mechanisms for communication, grievance handling, and community engagement. A Social Monitoring Committee (SMC) is being established to ensure transparency.

The approved EIA includes a conceptual mine closure plan, which was further refined.

Mine closure requirements include:

The Dry Stacking Tailings Facility (DSTF) will be constructed continuously over the life of the mine using the downstream construction method, so concurrent reclamation will not be possible. At the end of operations, exposed portions of the decant piping will be dismantled, and the decant pipes will be plugged below the final surface.

The surface of the DSTF will be contoured so that it will shed precipitation rather than impound it. Topsoil that is stockpiled from the DSTF footprint during construction will be spread over the surface of the DSTF. Native grass seed mixture will be planted to reduce erosion.

Total closure costs are estimated at $17.19 M and do not include contingencies.

LoM Project capital costs total $ 417 M, consisting of the following distinct phases:

Table 1-4: Estimated Project capital costs

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Source: Aura, 2025.

The operating cost estimate in this study includes the costs to mine and process the mineralized material to produce doré, as well as site services to maintain the site and general and administrative expenses (G&A). These items total the Project’s operating costs and are summarized in Table 1-5. The target accuracy of the operating cost is -30% to +50 %. The operating cost estimate is broken into four major sections:

The total operating unit cost is estimated to be US$ 170/t processed. Average annual, total LOM, and unit operating cost estimates are summarized in Table 1-5. The unit rates in this table include tonnes mined during the pre-production period.

Table 1-5: Estimated operating costs of the Project

Source: GE21, 2025.

The economic analysis for the Era Dorada Project is based on Mineral Resource estimates, including the annual mine production schedule. As required under SK-1300, the results of this analysis should not be interpreted as demonstrating the economic viability of the project.

The outcome of the economic analysis is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from them. The information on which this analysis is based is listed below:

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This analysis does not rely on:

The economic results are presented in Table 1-6.

Table 1-6 - Simplified Discounted Cash Flow Results

Source: GE21, 2025.

The Project outlines a conceptual mine plan involving the extraction of 8.9 Mt of ROM over a 17-year LoM, with a production rate of 1,500 tpd. The selected underground mining method is suitable for ensuring a stable and consistent mill feed throughout the mine life.

The Project features a comprehensive and integrated infrastructure plan that includes new access roads, power supply systems, water management facilities, a process plant, and storage facilities for tailings and waste rock. Existing support infrastructure will be leveraged, while new installations will address essential gaps in utility access, safety, and environmental control.

The total Life-of-Mine capital cost is estimated at $ 416.9 million, comprising:

The cost estimate is a Class 5 estimate (±30%/±50 %) with a 12% contingency, excluding working capital, VAT, escalation, and financing. It is based on budgetary quotes, benchmarks from Latin American projects, and internal cost databases.

Operating costs were derived using first principles and local benchmarks. Processing, site services, and general and administrative (G&A) costs were carefully broken down, including labor, power, consumables, and maintenance.

The most significant potential risks associated with the Project include the hot water management that will be encountered during the mine dewatering effort and socio-political

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resistance to the development of the planned mine in Guatemala. The latter is a common risk to most mining projects. It can be mitigated, at least to some degree, with adequate planning and proactive management. The risk associated with water management is not entirely unknown, given the presence of existing dewatering wells and the continued dewatering, treatment, and discharge of underground water.

It is important to note that the current mine plan is based on a resource model composed exclusively of Indicated and Inferred Resources, and Inferred Resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves. As such, there is a significant degree of uncertainty associated with the tonnages and grades used in the sequencing.

The cost of grid power is based on a market survey rather than an actual power supply agreement. A higher power cost would result in increased operating costs.

Although the local community is favorable to the development of Era Dorada as an underground mine, there is a potential risk of socio-political opposition to mine development, which could adversely impact the Project development schedule.

The ability to achieve the estimated CAPEX and OPEX costs is an important element of the Project’s success. If OPEX increases, then the NSR cut-off would also increase, and all else being equal, the size of the mineable resource would decrease, yielding fewer mineable tonnes.

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In January 2025, Aura Minerals Inc (“Aura” or “the Company”) completed the acquisition of the Era Dorada Gold Project—formerly named “Cerro Blanco Project”—and Mita Geothermal Project, located in Jutiapa, Guatemala, near the town of Asunción Mita and the border with El Salvador. The Era Dorada Project (“Era Dorada” or “the Project”) is 100% beneficially owned by Aura. Aura is a public, TSX-listed company trading under the symbol “ORA”, with its head office located at 78 SW 7th St., Miami, FL 33130, USA.

Aura commissioned GE21 Consultoria Mineral Ltda. (GE21) to prepare a Technical Report Summary (TRS) for the Project. The Mita Geothermal Project is not considered in this report.

This Technical Report Summary titled “Era Dorada Gold Project – Initial Assessment” presents information in compliance with United States Securities and Exchange Commission’s (SEC) Modernized Property Disclosure Requirements for Mining Registrants as described in Subpart 229.1300 of Regulation S-K, Disclosure by Registrants Engaged in Mining Operations (S-K 1300) and Item 601 (b)(96) Technical Report Summary.

The purpose of this study is to document a Mineral Resource Estimate, mine design, and preliminary economics of the Project. Bluestone Resources Inc (Bluestone) had previously completed FS studies on the Project in 2019 and updated the results in 2022. These previous studies did not comply with S-K 1300 guidelines; however, in preparation for the Initial Assessment, any relevant information was reviewed and reused where deemed appropriate by the QPs.

This report summarizes the work carried out by several consultants, and the scope of work for each company is listed below. Combined, these make up the total Project scope.

GE21 scope of work included:

Kirkham Geosystems Ltd. (Kirkham) scope of work included:

HDJ’s scope of work included:

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The Qualified Persons (QPs) responsible for this independent TRS are Mr. Porfirio Cabaleiro Rodriguez, Homero Delboni Jr., and Garth Kirkham (Table 2-1). Neither GE21 nor the authors of this TRS have had any material interest invested in Aura or any of its related entities.

Mr. Porfirio Cabaleiro Rodriguez, Director of GE21 Consultoria Mineral, is a mining engineer, a Fellow of the AIG (FAIG #3708), and has more than 40 years of experience in Mineral Resource and Mineral Reserve estimation. Mr. Rodriguez has sufficient experience relevant to the styles of mineralization and types of deposits under consideration to be considered a QP, as defined by S-K 1300. He is responsible for supervising all sections in this independent TRS, is individually responsible for Sections 2, 3, 4, 5, 13, 15, 16, 18, 19, 24, and 25, and is co-responsible with other QPs for Sections 1, 22 and 23.

Dr. Homero Delboni Jr. is a Mining Engineer and Minerals Processing, Ph.D in Minerals Processing and Chartered Professional (Metallurgy) of the Australasian Institute of Mining and Metallurgy (AusIMM #112813), and has more than 40 years of experience in mineral processing. Mr. Delboni has sufficient and relevant experience in mineral processing industrial circuits to be considered a QP as defined by S-K 1300. He is individually responsible for Sections 10, 14, and 17 and is co-responsible with other QPs for Sections 1, 22, and 23.

Mr. Garth Kirkham, P.Geo. and Principal of Kirkham Geosystems Ltd., is a geophysicist and geologist (EGBC #30043) and has more than 30 years of experience in experience supplying 3D geoscience modeling, geological and geophysical consulting services to the mining, environmental and oil & gas industries. He has sufficient and relevant experience in mineral deposit geology and resource estimation to be considered a QP as defined by S-K 1300. He is individually responsible for Sections 6, 7, 8, 9, 11, 20, and 21 and is co-responsible, with other QPs, for Sections 1, 22 and 23.

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Table 2-1: List of QPs and related responsibilities

Source: GE21, 2025.

Garth Kirkham, P. Geo., first visited the property on May 8, 2017, to satisfy the site visit requirements related to the 2017 Technical Report. The site visit included an inspection of the property, offices, underground vein exposures, core storage facilities, the water treatment plant, stockpiles, and a tour of major centers and surrounding villages that are most likely to be affected by any potential mining operation.

Since 2017, Mr. Kirkham has visited the property numerous times for extended periods to develop and implement data-gathering and sampling methods and procedures. He also worked with Bluestone geologists to develop drill programs and supervise the interpretation and wireframe modeling, in addition to vetting and reviewing QA/QC procedures. On September 21-22, 2017, Mr. Kirkham inspected the progress of the recommended historic drill core rehabilitation program and initiated the structural studies. From April 24 to 28, 2018, the site visit focused on advancing the planning and development of sampling and drilling, as well as supporting lithological and structural modeling. From February 16 to 22, 2020, Mr. Kirkham assisted with the planning and development of advanced drilling and sampling. He provided guidance on lithology and high-grade vein modeling for resource estimation. From January 10 to 15, 2021, Mr. Kirkham validated drill and sample data, refined high-grade models, reviewed low-grade models, and provided guidance for finalizing an open pit bulk tonnage resource scenario.

The other QPs relied upon the observations of Mr. Kirkham, who visited the site.

This report is based on information collected by the QPs during site visits and on additional information provided by Aura throughout the course of GE21’s analysis. Other information was obtained from the public domain. GE21 has no reason to doubt the reliability of the information provided by Aura.

Aura and its consultants provided GE21 with the information that was used to prepare this TRS, specifically during the execution of the work that is described herein. This work reflects the technical and economic conditions at the time that it was executed. The authors, whenever possible, executed independent verification of the data they received, in addition to conducting field visits to corroborate the data. This information was supplied in the form of an exploratory

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drilling database, certifications, maps, technical reports, and a topographical survey. The data is a combination of historical and newly generated information.

The results, images, and illustrations presented in this TRS have been generated from information provided and compiled by Aura through data organized in spreadsheets, internal and third-party technical reports, and supplemental information obtained from the Aura technical team. Exceptions will be subtitled for the source reference.

The effective date for this Initial Assessment is December 31, 2024, related to the gold price considered for the Project. The authors believe that no relevant data concerning the Mineral Resources Estimate were produced after this date.

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The Project is located in southeast Guatemala, in the Department of Jutiapa, approximately 160 km by road from the capital, Guatemala City (Figure 3-1), and approximately 9 km west of the border with El Salvador. The nearest town to the Project is Asunción Mita, a community of approximately 18,500 people situated approximately 7 km west of the Project. The exploitation license covers 15.25 km² and lies entirely in the municipality of Asunción Mita.

Figure 3-1: Project location map

Source: Bluestone, 2021.

The location of the mineral resources relative to the property boundary is shown in Figure 3-2.

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Figure 3-2: Location of Mineral Resources relative to property boundary

Source: Bluestone, 2022.

The coordinates of the 15.25 km² exploitation license are recorded in Decree DIC-CM-158-05 and are shown in Figure 3-3. The perimeter of the area is described as having the UTM X and Y coordinates shown in Figure 3-3 and Table 3-1.

Table 3-1: Coordinates of exploitation license “Era Dorada”

Source: Bluestone, 2019.

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Figure 3-3: Era Dorada exploitation license coordinates

Source: Bluestone, 2019.

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The Project is subject to two royalties, both of which have been included in the economic analysis and cash flow model. Table 3-2 outlines the assumed royalty terms.

Table 3-2: Royalty assumptions

Note: *1.05% royalty has been grossed up to account for country withholding tax.

Source: Bluestone, 2021.

The Project is following Guatemala environmental laws and regulations and has all necessary permits to proceed with developing the underground mine and construction of the process facilities, subject to future operations adhering to the conditions of the existing permits.

However, the Project design has changed since 2007 and requires permit amendments. Additionally, new baseline studies (EIA) and permits are necessary for infrastructure components such as power lines.

The current permits and permit amendments are presented in Section 17.

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Current road access to the site is via the Pan-American Highway (Highway CA1) through the town of Asunción Mita. Existing infrastructure is in place to provide year-round access to the site. The topography is relatively flat, with rolling hills.

Guatemala has 400 km of coastline and claims its territorial waters extend 22 km outward, plus an exclusive economic zone of 370 km offshore. Hurricanes and tropical storms sometimes affect coastal regions.

The five main ports in Guatemala and their main activities are listed below:

Puerto Santo Tomás de Castilla is the most important port on the Atlantic coast of Guatemala. This cargo terminal can handle a variety of cargo (e.g., containers and roll-on, roll-off (RoRo)), as well as general and liquid bulk cargo, passenger ships, vehicle carriers, and barges. The port facilities are approximately 290 km northeast of Guatemala City. The total distance from Santo Tomás de Castilla to the Project site is approximately 440 km.

Puerto Quetzal, which is the most important port on the Pacific Coast, has the most modern installations. It is mainly a dry bulk cargo terminal; however, it also handles containers, RoRo, general bulk cargo, and liquid bulk cargo. The port facilities are about 100 km South of Guatemala City. The distance from Puerto Quetzal to the Project site using the coastal highway is approximately 310 km. Puerto Quetzal is 2,050 nautical miles from Los Angeles.