----

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**UNITED        STATES**

**SECURITIES        AND EXCHANGE COMMISSION**

**Washington,        D.C. 20549**

**FORM        20-F/A **

|   |  ̈ | REGISTRATION                  STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE                  ACT                  OF 1934 |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|

**OR        **

|   | **x** | **ANNUAL                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934** |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------|

**For        the Fiscal Year Ended December 31, 2005**

|   |  ̈ | TRANSITION                  REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE                  ACT OF                  1934 (NO FEE REQUIRED): For the transition period from_______to_______. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |  ̈ | SHELL                    COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES                    EXCHANGE                    ACT OF 1934 |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|

**0-30816**

**AURORA        METALS (BVI) LIMITED**

**British        Virgin Islands**

**P.O.        Box 3711 Station Terminal, 349 West Georgia Street, Vancouver,**

**British        Columbia, Canada V6B 3Z1**

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| Large                  accelerated filer  ̈ | Accelerated                  filer  ̈ | Non-accelerated                  filer x |
|-------------------------------------------------|-------------------------------------------|------------------------------------------|

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**AURORA        METALS (BVI) LIMITED**

**Table        of Contents**

| **PART                  I**                        |                                                                                                       |   |
|----------------------------------------------------|------------------------------------------------------------------------------------------------------------|--------|
|                                               |                                                                                                       |   |
| GENERAL                  INFORMATION               | 4                                                                                                          |
| FORWARD                  LOOKING STATEMENTS        | 4                                                                                                          |
|                                               |                                                                                                       |   |
|                                               |                                                                                                       |   |
| ITEM                  1.                           | IDENTITY                  OF DIRECTORS, SENIOR MANAGEMENT AND                  ADVISORS                    | 4      |
| ITEM                  2.                           | OFFER                  STATISTICS AND EXPECTED TIMETABLE                                                   | 5      |
| ITEM                  3.                           | KEY                  INFORMATION                                                                           | 5      |
| ITEM                  4.                           | INFORMATION                  ON THE COMPANY                                                                | 8      |
| ITEM                  4A                           | UNRESOLVED                  STAFF COMMENTS                                                                 | 14     |
| ITEM                  5.                           | OPERATING                  AND FINANCIAL REVIEW AND                  PROSPECTS                             | 14     |
| ITEM                  6.                           | DIRECTORS                  AND SENIOR MANAGEMENT AND                  EMPLOYEES                            | 16     |
| ITEM                  7.                           | MAJOR                  SHAREHOLDERS AND RELATED PARTY                  TRANSACTIONS                        | 21     |
| ITEM                  8.                           | FINANCIAL                  STATEMENTS                                                                      | 22     |
| ITEM                  9.                           | THE                  OFFER AND LISTING                                                                     | 22     |
| ITEM                  10.                          | ADDITIONAL                  INFORMATION                                                                    | 23     |
| ITEM                  11.                          | QUANTITATIVE                  AND QUALITATIVE DISCLOSURES ABOUT MARKET                  RISK               | 27     |
| ITEM                  12.                          | DESCRIPTION                  OF SECURITIES OTHER THAN EQUITY                  SECURITIES                   | 27     |
|                                               |                                                                                                       |   |
| **PART                  II**                       |                                                                                                       |   |
|                                               |                                                                                                       |   |
| ITEM                  13.                          | DEFAULTS,                  DIVIDEND ARREARAGES AND                  DELINQUENCIES                          | 28     |
| ITEM                  14.                          | MATERIAL                  MODIFICATIONS TO RIGHTS OF SECURITY HOLDERS AND USE                  OF PROCEEDS | 28     |
| ITEM                  15.                          | CONTROLS                  AND PROCEDURES                                                                   | 28     |
| ITEM                  16.                          | (RESERVED)                                                                                                 | 28     |
| ITEM                  16A.                         | AUDIT                  COMMITTEE FINANCIAL EXPERT                                                          | 28     |
| ITEM                  16B.                         | CODE                  OF ETHICS                                                                            | 29     |
| ITEM                  16C.                         | PRINCIPAL                  ACCOUNTANT FEES AND SERVICES                                                    | 29     |
| ITEM                  16D.                         | EXEMPTIONS                  FROM THE LISTING STANDARDS FOR AUDIT                  COMMITTEES               | 30     |
| ITEM                  16E.                         | PURCHASES                  OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED                  PURCHASERS   | 30     |
|                                                    |                                                                                                       |   |
| **PART                  III**                      |                                                                                                       |   |
|                                               |                                                                                                       |   |
| ITEM                  17.                          | FINANCIAL                  STATEMENTS                                                                      | 30     |
| ITEM                  18.                          | FINANCIAL                  STATEMENTS (NOT APPLICABLE)                                                     | 49     |
| ITEM                  19.                          | FINANCIAL                  STATEMENTS AND EXHIBITS                                                         | 49     |
|                                               |                                                                                                       |   |
| SIGNATURES                                         | 52                                                                                                         |
|                                               |                                                                                                       |   |
| **APPENDIX                  A TO PART I, ITEM 4.** |                                                                                                       |
|                                               |                                                                                                       |   |
| GLOSSARY                  OF GEOLOGICAL TERMS      | 53                                                                                                         |

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***Table            of Contents***

**PART        I**

**GENERAL        INFORMATION**

**FORWARD-LOOKING        STATEMENTS**

| **ITEM                  1.** | **IDENTITY                  OF DIRECTORS, SENIOR MANAGEMENT AND                  ADVISORS** |
|------------------------------|---------------------------------------------------------------------------------------------|

| **A.** | **Directors                  and Senior Management** |
|--------|------------------------------------------------------|

| **B.** | **Advisors** |
|--------|--------------|

| **C.** | **Auditors** |
|--------|--------------|

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***Table            of Contents***

| **ITEM                  2.** | **OFFER                  STATISTICS AND EXPECTED                  TIMETABLE** |
|------------------------------|-------------------------------------------------------------------------------|

| **A.** | **Offer                      statistics** |
|--------|-------------------------------------------|

| **B.** | **Method                  and expected timetable** |
|--------|----------------------------------------------------|

| **ITEM                  3.** | **KEY                  INFORMATION** |
|------------------------------|--------------------------------------|

| **A.** | **Selected                  financial data** |
|--------|----------------------------------------------|

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***Table            of Contents***

| **FIVE                    YEAR COMPARATIVE SUMMARY OF SELECTED FINANCIAL DATA**** ****(expressed                    in U.S. dollars unless otherwise indicated)** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Period                    Type                                                                                                                                         | 12                    Months | 12                    Months | 12                    Months | 12                    Months | 12                    Months |
| Fiscal                    Year End                                                                                                                                     | Dec                    31, 2005 | Dec                    31, 2004 | Dec                    31, 2003 | Dec                    31, 2002 | Dec                    31, 2001 |
| Period                    Start                                                                                                                                        | Jan                    01, 2005 | Jan                    01, 2004 | Jan                    01, 2003 | Jan                    01, 2002 | Jan                    01, 2001 |
| Period                    End                                                                                                                                          | Dec                    31, 2005 | Dec                    31, 2004 | Dec                    31, 2003 | Dec                    31, 2002 | Dec                    31, 2001 |
| Current                    Assets                                                                                                                                      | 11,813 | 32,801 | 737 | 32,486 | 154,872 |
| Total                    Assets                                                                                                                                        | 11,813 | 32,801 | 737 | 32,486 | 154,872 |
| Current                    Liabilities                                                                                                                                 | 175,058 | 80,777 | 33,850 | 2,268 | 174,342 |
| Common                    Stock                                                                                                                                        | 180,815 | 175,481 | 164,631 | 158,191 | 142,441 |
| Other                                                                                                                                                                  | (344,060) | (217,757) | (197,744) | (127,973) | (161,911) |
| Total                    Liability and Equity                                                                                                                          | 11,813 | 32,801 | 737 | 32,486 | 154,872 |
| Other                    Expenses                                                                                                                                      | 239,229 | 176,913 | 288,706 | 227,812 | 568,694 |
| Income                    Pre-tax                                                                                                                                      | (239,229) | (176,913) | (288,706) | (227,812) | (568,694) |
| Income                    Continuing                                                                                                                                   | (239,229) | (176,913) | (288,706) | (227,812) | (568,694) |
| Discontinued                                                                                                                                                           | 0 | 0 | 0 | 0 | 0 |
| Net                    Income                                                                                                                                          | (239,229) | (176,913) | (288,706) | (227,812) | (568,694) |
| EPS                    Primary                                                                                                                                         | (0.01) | (0.01) | (0.02) | (0.01) | (0.04) |
| EPS                    Diluted                                                                                                                                         | (0.01) | (0.01) | (0.02) | (0.01) | (0.04) |
| Common                    Shares Issued and Outstanding                                                                                                                | 18,081,476 | 17,548,076 | 16,463,076 | 15,819,126 | 14,244,126 |

| **B.** | **Capitalization                  and indebtedness** |
|--------|------------------------------------------------------|

| **C.** | **Reasons                  for the offer and use of                  proceeds** |
|--------|---------------------------------------------------------------------------------|

| **D.** | **Risk                  factors** |
|--------|-----------------------------------|

**Regulation        of Mining Activity**

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***Table            of Contents***

|   | (ii) | **Foreign                  Countries and Regulatory                  Requirements** |
|--------|------|-------------------------------------------------------------------------------------|

|   | (iii) | **Competition** |
|--------|-------|-----------------|

|   | (iv) | **Environmental                  Regulations** |
|--------|------|------------------------------------------------|

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***Table            of Contents***

| **ITEM                  4.** | **INFORMATION                  ON THE COMPANY** |
|------------------------------|-------------------------------------------------|

| **A.** | **History                    and development of the                    company** |
|--------|----------------------------------------------------------------------------------|

| **B.** | **Business                  overview**  |
|--------|----------------------------------------------|

***Acquisition***

**Mountain        View Lease Agreement**

**Basal        Zone Lease Agreement**

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***Table            of Contents***

**Aurora-Trend        Stillwater Venture**

**Location        and Access**

**Stillwater        Complex - Geology **

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***Table            of Contents***

**Stillwater        Complex - Exploration History**

**Mountain        View and Basal Zone Lease Agreements - Platinum Group        Metals**

|   | (a) | Mountain                  View Lease, Mountain View Block, A and B Chromitites, four shallow                  drill                  holes drilled by CCA in 1988, and one deep hole drilled by Phelps                  Dodge                  Corporation in 1990; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | Basal                  Zone Lease, Crescent Creek, A and B Chromitites, 11 shallow drill                  holes                  drilled by the Anaconda Minerals Company (“Anaconda”) in 1979 and 1982,                  eight shallow drill holes drilled by CCA in 1986 and 1987, one                  deep hole                  drilled by Phelps Dodge Corporation in 1990 and four intermediate                  depth                  holes drilled by Pan Palladium USA Inc. (“PPD”) in                  2003. |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Mountain        View and Basal Zone Lease Agreements - Nickel-Copper-Cobalt**

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***Table            of Contents***

**Mountain        View Lease Agreement - Mouat Mine - Chromite**

**Proposed**
**Exploration        Targets and Results - Aurora-Trend Stillwater Venture -        2005**

|   | (i) | PGMs                  in the A and B Chromitites within the Ultramafic Series on claims                  covered                  by both the Mountain View and Basal Zone Leases. The three areas                  nominated                  for drilling the A and B Chromitites are Mountain View and Nye                  Basin west                  and east of the Stillwater River, respectively, and Crescent Creek                  further                  to the west of the West Fork of the Stillwater                  River; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | PGMs                  in the VEZ mineralization on the Mountain View Lease;                  and |
|--------|------|--------------------------------------------------------------------------------------------------|

|   | (iii) | confirmatory                  drilling into the Mouat Mine copper-nickel deposit on the Mountain                  View                  Lease. |
|--------|-------|------------------------------------------------------------------------------------------------------------------------------------------------|

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***Table            of Contents***

**Other        Property Interests**

*Tunisia,        North Africa*

*Tunisia        - Kebbouch District Exploration Permits - Area and Location*

*People’s        Republic of China*

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***Table            of Contents***

*Crystal        Coding Limited and Gem Identification and Verification        Technology*

| **C.** | **Organizational                    structure** |
|--------|-------------------------------------------------|

| Aurora                    Metals (BVI) Limited | Incorporated                    as an International Business Company in the British Virgin                    Islands; |
|------------------------------------------------|------------------------------------------------------------------------------------------------------------------------|

| Crystal                    Coding limited | Incorporated                    in British Columbia, Canada and is a 100% wholly owned subsidiary                    of                    Aurora Metals (BVI) Limited |
|-------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **D.** | **Property,                    plant and equipment** |
|--------|------------------------------------------------------|

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***Table            of Contents***

| **ITEM                  4A.** | **UNRESOLVED                  STAFF COMMENTS** |
|-------------------------------|------------------------------------------------|

| **ITEM                  5.** | **OPERATING                  AND FINANCIAL REVIEW AND                  PROSPECTS** |
|------------------------------|------------------------------------------------------------------------------------|

| **A.** | **Operating                  Results** |
|--------|----------------------------------------|

|                                        |   | **Year                  Ending**     |     |
|---------------------------------------------|--------|--------------------------------------|----------|
| **Description**                             |   | **Dec                  31,****2005** |     | **Dec                  31,****2004** |   | **Dec                  31,****2003** |   | **Dec                  31,****2002** |   | **Dec                  31,****2001** |   |
| Profit                  (Loss)              |   |                                 | (239,229 | ) |   | (176,913 | ) |   | (288,706 | ) |   | (227,812 | ) |   | (568,694 | ) |
| Profit                  (Loss) per share    |   |                                 | (0.01    | ) |   | (0.01 | ) |   | (0.02 | ) |   | (0.01 | ) |   | (0.04 | ) |
| General                  and Administration |   |                                 | 77,906   |   |   | 28,570 |   |   | 21,699 |   |   | 27,801 |   |   | 31,622 |   |
| Legal                                       |   |                                 | 543      |   |   | 1,739 |   |   | 20,892 |   |   | 2,455 |   |   | 41,855 |   |
| Accounting                                  |   |                                 | 10,942   |   |   | 7,060 |   |   | 13,131 |   |   | 14,448 |   |   | 19,107 |   |
| Exploration                                 |   |                                 | -        |   |   | 7,112 |   |   | 5,011 |   |   | 105,620 |   |   | 459,610 |   |

| **B.** | **Liquidity                  and capital resources** |
|--------|------------------------------------------------------|

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***Table            of Contents***

**Plans        for Year 2006**

**Application        of critical accounting policies**

| **C.** | **Research                  and development, patents and licences,                  etc** |
|--------|-------------------------------------------------------------------------------------------|

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***Table            of Contents***

| **D.** | **Trend                  information** |
|--------|----------------------------------------|

| **E.** | **Off-balance                  sheet arrangements** |
|--------|-----------------------------------------------------|

| **F.** | **Tabular                  disclosure of contractual                  obligations** |
|--------|-------------------------------------------------------------------------------------|

| **G.** | **Safe                  harbor** |
|--------|----------------------------------|

| **ITEM                  6.** | **DIRECTORS,                  SENIOR MANAGEMENT AND                  EMPLOYEES** |
|------------------------------|----------------------------------------------------------------------------------|

| **A.** | **Directors                  and senior management** |
|--------|------------------------------------------------------|

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***Table            of Contents***

| **Name**                                 | **Position**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| John                    A. A. James      | Age                    66, mining engineer, President and Director since May 17, 2000.                    Vice                    President of JAMine, Inc., a consulting company providing engineering                    and                    management services to the mining industry, since 1988. Prior                    positions                    were held in corporate and mine management, construction, planning                    and                    development from 1969 to present. Engaged on business associated                    with the                    Company for approximately 30% of 2005.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| A.                    Cameron Richardson | Age                    53, Controller since October 1997, Director and Chief Financial                    Officer                    since May 17, 2000. Chief Financial Officer of Aurora Gold Corporation                    (April 1998 to present), Chief Accounting Officer (June 1997                    to present),                    Secretary (April 1998 to present) and President (May 4, 2001                    to February                    27, 2006). Director, Secretary and Chief Financial Officer of                    Aurora                    Metals (BVI) Limited (May 2000 to present). Secretary of Eurasia                    Gold                    Fields, Inc (September 2000 to present), Director (June 2006                    to present).                    Director of La Plata Gold Corporation (July 1997 to July 2003                    and from                    June 2005 to present), Chief Financial Officer (August 2000 to                    September                    2006), Secretary (April 1998 to September 2006). President and                    Director of                    Soil Biogenics Limited (August 2002 to July 2003), Secretary                    (August 2002                    to July 2003 and September 2004 to present). Held accounting                    positions                    with various Canadian resource companies (1981 to 1997) |

| **B.** | **Compensation** |
|--------|------------------|

|                                                                        |                        | **Long-Term                    Compensation**    |
|-----------------------------------------------------------------------------|--------------------------------------------|-----------------------------------------------------------------|
|                                                                        | **Annual                    Compensation** | **Awards**                                                 | **Payments**  |
| **Name                    And****Principal                    Position**(a) | **Year**(b)                                | **Salary**($)(c)                                                | **Bonuses**($)(d) | **Other                    Annual****Compen****sation**($)(e) | **Restricted****Stock****Award(s)**($)(f) | **Securities****Under-****Lying****Options/****SARs**(=)(g) | **LTIP****Payouts**($)(h) | **All****Other****Compen****sation**($)(i) |
| John                    A.A. James                                          | 2005                                       | 50,000                    (1)                                   |   |   |   |   |   |   |
| President                                                                   | 2004                                       | 50,000                    (2)                                   | -0- | -0- | None | None | None | -0- |
| and                    Director                                             | 2003                                       | 50,010                    (3)                                   | -0- | -0- | None | None | None | -0- |
|                                                                        | 2002                                       |   75,250                    (4)                       | -0- | -0- | None | None | None | -0- |
|                                                                        |                                       |                                                            |   |   |   |   |   |   |
| A.                    Cameron                                               | 2005                                       | 30,000                    (5)                                   |   |   |   |   |   |   |
| Richardson                                                                  | 2004                                       | 30,000                    (6)                                   | -0- | -0- | None | None | None | -0- |
| Director,                    CFO &                                      | 2003                                       | 30,000 (7)                                                 | -0- | -0- | None | None | None | -0- |
| Secretary                                                                   | 2002                                       |  57,925                    (8)                             | -0- | -0- | None | None | None | -0- |

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***Table            of Contents***

| (1) | Paid                  as debt settlement of 500,000 restricted common shares at $0.10                  per share                  in 2006, in lieu of cash. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | Paid                  as debt settlement of 500,000 restricted common shares at $0.10                  per share                  in 2006, in lieu of cash. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | Paid                  as debt settlement of 333,400 restricted common shares at $0.15                  per share                  in 2005, in lieu of cash. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | Paid                    as debt settlement of 215,000 shares at $0.35 per share, in 2003,                    in lieu                    of cash. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | Paid                  as debt settlement of 300,000 shares at $0.10 per share in 2006,                  in lieu                  of cash. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | Paid                  as debt settlement of 300,000 shares at $0.10 per share in 2006,                  in lieu                  of cash. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | Paid                  as debt settlement of 200,000 shares at $0.15 per share in 2005,                  in lieu                  of cash. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | Paid                  as debt settlement of 165,500 shares at $0.35 per share in 2003,                  in lieu                  of cash |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|

**Options/SAR        Grants Table**

| **OPTION/SAR                  GRANTS IN FISCAL YEARS 2003**(Individual                  Grants) |
|-------------------------------------------------------------------------------------------------|
| **Name**(a)                                                                                     | **Number                  of****Securities****Underlying****Option/SARs****Granted**                  (#)(b) | **Percent                  Of****Total                  Options/****SARs                  Granted****To                  Employees****In                  Fiscal****Year**(c) | **Exercise                  Or****Base                  Price**($/Sh)(d) | **Expiration                  Date**(M/D/Y)(e) |
| John                  A.A. James (1)                                                            | None | None | None | None |
| A.                  Cameron Richardson (1)                                                      | None | None | None | None |

| (1) | No                  options were granted in 2005. |
|-----|---------------------------------------------------|

**Aggregated        Option/SAR Exercises and Fiscal Year-End Option/SAR Value        Table**

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***Table            of Contents***

| **AGGREGATED                  OPTION/SAR EXERCISE IN LAST FISCAL YEAR AND FY-END****OPTION/SAR                  VALUES** |                                                         |
|--------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------|
| **Name**(a)                                                                                                              | **Shares****Acquired****On                  Exercise**(#)(b) | **Value****Realized**($)(c) |   | **Number                  of****Securities****Underlying****Unexercised****Options/SARs****At                  FY-End ($)****Exercisable/****Unexercisable**(d) |   |   | **Value                  Of****Unexercised****In-The-Money****Options/SARs****At                  FY-End ($0.52)****Exercisable/****Unexercisable**(e) |   |
| John                  A.A. James                                                                                         | None                                                         | None |   |   | 500,000 |   |   | $ | 25,000 |   |
| A.                  Cameron Richardson                                                                                   | None                                                         | None |   |   | 500,000 |   |   | $ | 25,000 |   |

**Long-Term        Incentive Plans ("LTIP") Awards Table**

**Compensation        of Directors**

**Employment        Contract and Termination Agreements**

| **C.** | **Board                    practices** |
|--------|----------------------------------------|

**Mandate        and duties of the board**

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***Table            of Contents***

**Meetings        of the board of directors and committees**

*Independence        Discussions with Audit Committees*

**Independence        from management**

**Shareholder        communication**

**Expectations        of management**

**Outside        advisors**

| **D.** | **Employees** |
|--------|---------------|

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***Table            of Contents***

| **E.** | **Share                  ownership** |
|--------|--------------------------------------|

| **Officers                    and Directors****Name                    of Beneficial Owner****(1)**                                                     | **Shares                    of Common****Stock                    Beneficially****Owned** | **Approximate****Percentage****Owned** |
|---------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------|----------------------------------------|
| John                    A.A. James,2055                    South Ingalls Way,Lakewood,                    Colorado.U.S.A.                    80227-2515 | 2,646,627                                                                                 | 13.25%                                 |
|                                                                                                                                                    |                                                                                      |                                   |
| A.                    Cameron Richardson,1505-1060                    Alberni Street,Vancouver,                    B.C. Canada V6E 4K2                  | 1,057,500                                                                                 | 5.29%                                  |
|                                                                                                                                                    |                                                                                      |                                   |
| **Total                    - Officers and Directors**(2                    persons)                                                                     | **3,794,127**                                                                             | **18.54%**                             |

|   | (1) |   | For                  information concerning options granted to the above-mentioned individuals                  see Item 6 (B) Compensation - Options/SAR Grants Table on page                  15. |
|--------|-----|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ITEM        7.**
**MAJOR        SHAREHOLDERS AND RELATED PARTY TRANSACTIONS**

| **A.** | **Major                  shareholders** |
|--------|-----------------------------------------|

** **

| **B.** | **R****elated                  party transactions** |
|--------|-----------------------------------------------------|

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***Table            of Contents***

| **C.** | **Interest                  of experts and counsel** |
|--------|------------------------------------------------------|

| **ITEM                  8.** | **FINANCIAL                  INFORMATION** |
|------------------------------|--------------------------------------------|

| **A** | **Consolidated                  Statements and Other Financial                  Information** |
|-------|-----------------------------------------------------------------------------------------------|

| **B.** | **Significant                  Changes** |
|--------|------------------------------------------|

| **ITEM                  9.** | **THE                  OFFER AND LISTING** |
|------------------------------|--------------------------------------------|

| **A.** | **Offer                  and listing details** |
|--------|------------------------------------------------|

| **B.** | **Plan                  of distribution** |
|--------|-------------------------------------------|

| **C.** | **Markets** |
|--------|-------------|

| (a) | For                  the five most recent financial years: the annual high and low market                  prices; |
|-----|--------------------------------------------------------------------------------------------------------------------|

| Period                         |   |   |   |
|--------------------------------|--------|--------|--------|
| 2005                    - High |   | $      | 0.23   |   |
| 2005                    - Low  |   | $      | 0.04   |   |
| 2004                    - High |   | $      | 0.40   |   |
| 2004                    - Low  |   | $      | 0.08   |   |
| 2003                    - High |   | $      | 0.50   |   |
| 2003                    - Low  |   | $      | 0.09   |   |
| 2002                    - High |   | $      | 0.55   |   |
| 2002                    - Low  |   | $      | 0.05   |   |
| 2001                    - High |   | $      | 0.85   |   |
| 2001                    - Low  |   | $      | 0.17   |   |

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***Table            of Contents***

| (b) | For                  the two most recent full financial years and any subsequent period:                  the                  high and low market prices for each full financial                  quarter; |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| **Period**                         |   | **First                    Quarter** |   |   | **Second                    Quarter** |   |   | **Third                    Quarter** |   |   | **Fourth                    Quarter** |   |
|------------------------------------|--------|--------------------------------------|--------|--------|---------------------------------------|--------|--------|--------------------------------------|--------|--------|---------------------------------------|--------|
| 2006                    - High ($) |   |                                 | 0.25   |   |                                  |   | 0.22   |                                 |   |   | 0.15                                  | (1)    |   |   |   |
| 2006                    - Low ($)  |   |                                 | 0.09   |   |                                  |   | 0.12   |                                 |   |   | 0.11                                  | (1)    |   |   |   |
| 2005                    - High ($) |   |                                 | 0.23   |   |                                  |   | 0.16   |                                 |   |   | 0.14                                  |   |   |   | 0.12 |   |
| 2005                    - Low ($)  |   |                                 | 0.10   |   |                                  |   | 0.12   |                                 |   |   | 0.05                                  |   |   |   | 0.04 |   |
| 2004                    - High ($) |   |                                 | 0.40   |   |                                  |   | 0.40   |                                 |   |   | 0.40                                  |   |   |   | 0.36 |   |
| 2004                    - Low ($)  |   |                                 | 0.17   |   |                                  |   | 0.20   |                                 |   |   | 0.12                                  |   |   |   | 0.08 |   |

| (1) | The                  high and low bids for the Third Quarter of 2006 were for the period                  July                  1, 2006 to July 14, 2006. |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c) | For                  the most recent six months: the high and low market prices for                  each                  month; |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|

| **Month**                        |   | **High** |   |   | **Low** |   |
|----------------------------------|--------|----------|--------|--------|---------|--------|
| June                    2006     |   | $        | 0.15   |   |    | $      | 0.09 |   |
| May                    2006      |   | $        | 0.18   |   |    | $      | 0.10 |   |
| April                    2006    |   | $        | 0.22   |   |    | $      | 0.12 |   |
| March                    2006    |   | $        | 0.25   |   |    | $      | 0.16 |   |
| February                    2006 |   | $        | 0.15   |   |    | $      | 0.09 |   |
| January                    2006  |   | $        | 0.11   |   |    | $      | 0.09 |   |

| **D.** | **Selling                  shareholders** |
|--------|-------------------------------------------|

| **E.** | **Dilution** |
|--------|--------------|

| **F.** | **Expenses                  of the issue** |
|--------|--------------------------------------------|

| **ITEM                  10.** | **ADDITIONAL                  INFORMATION** |
|-------------------------------|---------------------------------------------|

| **A.** | **Share                  Capital** |
|--------|------------------------------------|

| **B.** | **Memorandum                  and articles of                  association** |
|--------|------------------------------------------------------------------------------|

----

***Table            of Contents***

**Objects        and Purposes**

**Directors**

**Dividend        Rights; Other rights to Share in Company Profits;**

----

***Table            of Contents***

**Voting        Rights**

**Liquidation        Rights; Redemption Provisions **

**Variation        of Rights**

**Shareholders’        Meetings and Notices**

**Limitations        on voting and Shareholding**

**C.**
**Material        contracts**

**D.        Exchange controls **

----

***Table            of Contents***

| **E.** | **Taxation** |
|--------|--------------|

**British        Virgin Islands Taxation **

| **F.** | **Dividends                  and paying agents** |
|--------|--------------------------------------------------|

**G.**
**Statement        by experts**

----

***Table            of Contents***

| **H.** | **Documents                  on display** |
|--------|-------------------------------------------|

| **I.** | **Subsidiary                  information** |
|--------|---------------------------------------------|

| **ITEM                  11.** | **QUANTITATIVE                  AND QUALITATIVE DISCLOSURES ABOUT MARKET                  RISK** |
|-------------------------------|--------------------------------------------------------------------------------------------------|

| **ITEM                  12.** | **DESCRIPTION                  OF SECURITIES OTHER THAN EQUITY                  SECURITIES** |
|-------------------------------|----------------------------------------------------------------------------------------------|

| **A.** | **Debt                  Securities** |
|--------|--------------------------------------|

| **B.** | **Warrants                  and Rights** |
|--------|------------------------------------------|

| **C.** | **Other                  Securities** |
|--------|---------------------------------------|

| **D.** | **American                  Depositary Shares** |
|--------|-------------------------------------------------|

----

***Table            of Contents***

**PART        II**

| **ITEM                  13.** | **DEFAULTS,                  DIVIDEND ARREARAGES AND                  DELINQUENCIES** |
|-------------------------------|---------------------------------------------------------------------------------------|

| **ITEM                  14.** | **MATERIAL                  MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF                  PROCEED** |
|-------------------------------|-------------------------------------------------------------------------------------------------------------------|

| **ITEM                  15.** | **CONTROLS                  AND PROCEDURES** |
|-------------------------------|----------------------------------------------|

|   | **(a)** | **Evaluation                  of disclosure controls and procedures**.                    |
|--------|---------|------------------------------------------------------------------------------------------------|

**(b)**
**Management’s        annual report on internal control over financial        reporting**
**.         **

**(c)**
**Attestation        Report of registered public accounting firm**
**.**

**(d)**
**Changes        in internal controls over financial reporting**
**.         **

| **ITEM                  16.** | **(RESERVED)** |
|-------------------------------|----------------|

| **ITEM                  16A** | **AUDIT                  COMMITTEE FINANCIAL EXPERT** |
|-------------------------------|-------------------------------------------------------|

----

***Table            of Contents***

| **ITEM                  16B** | **CODE                  OF ETHICS** |
|-------------------------------|-------------------------------------|

| **ITEM                  16C** | **PRINCIPAL                  ACCOUNTANT FEES AND SERVICES** |
|-------------------------------|-------------------------------------------------------------|

| **(a)** | **Audit                  fees** |
|---------|---------------------------------|

| **(b)** | **Audit-related                  fees** |
|---------|-----------------------------------------|

----

***Table            of Contents***

| **(c)** | **Tax                  fees** |
|---------|-------------------------------|

| **(d)** | **All                  other fees** |
|---------|-------------------------------------|

| **(e)** | **Audit                  committee's pre-approval policies** |
|---------|--------------------------------------------------------------|

| **(f)** | **Auditors                  use of non-permanent employees** |
|---------|--------------------------------------------------------------|

| **ITEM                  16 D.** | **EXEMPTIONS                  FROM THE LISTING STANDARDS FOR AUDIT COMMITTEES** |
|---------------------------------|---------------------------------------------------------------------------------|

| **ITEM                  16 E.** | **PURCHASES                  OF EQUITY SECURITIES BY THE ISSUER AND AFFILIATED PURCHASERS** |
|---------------------------------|---------------------------------------------------------------------------------------------|

**PART        III**

| **ITEM                  17.** | **FINANCIAL                  STATEMENTS.** |
|-------------------------------|--------------------------------------------|

----

***Table            of Contents***

**Index        To Financial Statements**

| **Financial                    Statements**                                                                       | **Page** |
|-------------------------------------------------------------------------------------------------------------------|----------|
| Audited                    Financials - December 31, 2005 and December 31, 2004.                                  |     |
| Report                    of Independent Registered Public Accounting Firm dated June 19,                    2006 | 32       |
| Report                    of Independent Registered Public Accounting Firm dated May 25,                    2005  | 33       |
| Consolidated                    Balance Sheets                                                                    | 34       |
| Consolidated                    Statements of Operations and Comprehensive Income (loss)                          | 35       |
| Consolidated                    Statements of Stockholders’ equity (Deficiency)                             | 36       |
| Consolidated                    Statements of Cash Flows                                                          | 37       |
| Notes                    to Financial Statements                                                                  | 38-47    |

----

***Table            of Contents***

**REPORT        OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

----

***Table            of Contents***

**MOORE        STEPHENS**

**ELLIS        FOSTER LTD.**

----

**AURORA        METALS (BVI) LIMITED AND SUBSIDIARY**

**Aurora        Metals (BVI) Limited and Subsidiary**

|                               | *“MOORE                  STEPHENS ELLIS FOSTER LTD.”* |
|------------------------------------|-------------------------------------------------------------------|
| Vancouver,                  Canada |                                                              |
| May                  25, 2005      | Chartered                  Accountants                            |

----

***Table            of Contents***

**AURORA        METALS (BVI) LIMITED AND SUBSIDIARY**

**(Expressed        in U.S. Dollars) **

----

|                                                                         |   | 2005   |       | 2004   |   |
|------------------------------------------------------------------------------|--------|--------|------------|--------|--------|
|                                                                         |   |   |       |   |   |
| **ASSETS**                                                                   |   |   |       |   |   |
|                                                                         |   |   |       |   |   |
| **Current                  assets**                                          |   |   |       |   |   |
| Cash                                                                         |   | $      | 4,957      |   | $      | 32,695 |   |
| Available                  for sale securities                               |   |   | 6,750      |   |   |   |   |
| Other                                                                        |   |   | 106        |   |   | 106 |   |
|                                                                         |   |   |       |   |   |   |   |
| **Total                  current assets**                                    |   |   | 11,813     |   |   | 32,801 |   |
|                                                                         |   |   |       |   |   |   |   |
| **Mineral                  property**                                        |   |   | -          |   |   | - |   |
|                                                                         |   |   |       |   |   |   |   |
| **Total                  assets**                                            |   | $      | 11,813     |   | $      | 32,801 |   |
|                                                                         |   |   |       |   |   |   |   |
| **LIABILITIES**                                                              |   |   |       |   |   |   |   |
|                                                                         |   |   |       |   |   |   |   |
| **Current                  liabilities**                                     |   |   |       |   |   |   |   |
| Accounts                  payable and accrued expenses                       |   | $      | 5,549      |   | $      | 67 |   |
| Accounts                  payable and accrued expenses - related parties     |   |   | 169,509    |   |   | 80,010 |   |
|                                                                         |   |   |       |   |   |   |   |
| **Total                  current liabilities**                               |   |   | 175,058    |   |   | 80,077 |   |
|                                                                         |   |   |       |   |   |   |   |
| **STOCKHOLDERS'                  EQUITY (DEFICIENCY)**                       |   |   |       |   |   |   |   |
|                                                                         |   |   |       |   |   |   |   |
| **Share                  capital - common stock**                            |   |   |       |   |   |   |   |
| Authorized:                                                                  |   |   |       |   |   |   |   |
| 50,000,000                  common shares, par value $0.01                   |   |   |       |   |   |   |   |
| Issued                  and outstanding:                                     |   |   |       |   |   |   |   |
| 18,081,476                  (2004 - 17,548,076) common shares                |   |   | 180,815    |   |   | 175,481 |   |
|                                                                         |   |   |       |   |   |   |   |
| **Additional                  paid-in capital**                              |   |   | 1,589,049  |   |   | 1,464,373 |   |
|                                                                         |   |   |       |   |   |   |   |
| **Deficit                  accumulated during the exploration stage**        |   |   | (1,926,359 | )      |   | (1,687,130 | ) |
| **Accumulated                  other comprehensive loss**                    |   |   | (6,750     | )      |   |   |   |
|                                                                         |   |   |       |   |   |   |   |
| **Stockholders'                  equity (deficiency)**                       |   |   | (163,245   | )      |   | (47,276 | ) |
|                                                                         |   |   |       |   |   |   |   |
| **Total                  liabilities and stockholders' equity (deficiency)** |   | $      | 11,813     |   | $      | 32,801 |   |

**The        accompanying notes are an integral part of these consolidated financial        statements**

----

***Table            of Contents***

**AURORA        METALS (BVI) LIMITED AND SUBSIDIARY**

**(Expressed        in U.S. Dollars) **

----

|                                                                                                                  |   | Cumulative                  fromJune                  17, 1997(inception)                  toDecember                  312005 |       | Year                  EndedDecember                  31, 2005 |   | Year                  EndedDecember                  31, 2004 |   | Year                  EndedDecember                  31, 2003 |       |
|-----------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------|------------|---------------------------------------------------------------|--------|---------------------------------------------------------------|--------|---------------------------------------------------------------|------------|
|                                                                                                                  |   |                                                                                                                          |       |                                                          |   |                                                          |   |                                                          |       |
| **General                  and administrative expenses**                                                              |   |                                                                                                                          |       |                                                          |   |                                                          |   |                                                          |       |
| Administrative                  and general                                                                           |   | $                                                                                                                             | 203,862    |                                                          | $      | 77,906                                                        |   | $                                                             | 28,570     |   | $ | 21,699 |   |
| Professional                  fees - accounting and audit                                                             |   |                                                                                                                          | 76,671     |                                                          |   | 10,942                                                        |   |                                                          | 7,060      |   |   | 13,131 |   |
| Professional                  fees - legal                                                                            |   |                                                                                                                          | 127,260    |                                                          |   | 543                                                           |   |                                                          | 1,739      |   |   | 20,892 |   |
| Consulting                  fees                                                                                      |   |                                                                                                                          | 236,947    |                                                          |   | 100,615                                                       |   |                                                          | 57,612     |   |   | 167,973 |   |
| Stock                  based compensation                                                                             |   |                                                                                                                          | 59,500     |                                                          |   | 50,000                                                        |   |                                                          | -          |   |   | - |   |
|                                                                                                                  |   |                                                                                                                          | (704,240   | )                                                             |   | (240,006                                                      | )      |                                                          | (94,981    | ) |   | (223,695 | ) |
|                                                                                                                  |   |                                                                                                                          |       |                                                          |   |                                                          |   |                                                          |       |   |   |   |   |
| **Project                  development expenses**                                                                     |   |                                                                                                                          | (224,945   | )                                                             |   | (7,198                                                        | )      |                                                          | (40,000    | ) |   | (60,000 | ) |
| **Project                  finder's fee**                                                                             |   |                                                                                                                          | (72,750    | )                                                             |   | -                                                             |   |                                                          | (12,750    | ) |   | - |   |
| **Exploration                  expenses**                                                                             |   |                                                                                                                          | (910,329   | )                                                             |   | -                                                             |   |                                                          | (7,112     | ) |   | (5,011 | ) |
| **Lease                  maintenance fee**                                                                            |   |                                                                                                                          | (27,595    | )                                                             |   | (5,525                                                        | )      |                                                          | (22,070    | ) |   | - |   |
| **Other                  income**                                                                                     |   |                                                                                                                          | 13,500     |                                                          |   | 13,500                                                        |   |                                                          | -          |   |   | - |   |
|                                                                                                                  |   |                                                                                                                          |       |                                                          |   |                                                          |   |                                                          |       |   |   |   |   |
| **Net                  loss for the period**                                                                          |   | $                                                                                                                             | (1,926,359 | )                                                             | $      | (239,229                                                      | )      | $                                                             | (176,913   | ) | $ | (288,706 | ) |
|                                                                                                                  |   |                                                                                                                          |       |                                                          |   |                                                          |   |                                                          |       |   |   |   |   |
| **Net                  Loss per share**-                  basic and diluted                                           |   |                                                                                                                          |       |                                                          | $      | (0.01                                                         | )      | $                                                             | (0.01      | ) | $ | (0.02 | ) |
|                                                                                                                  |   |                                                                                                                          |       |                                                          |   |                                                          |   |                                                          |       |   |   |   |   |
| **Weighted                  average common shares outstanding**                  -                  basic and diluted |   |                                                                                                                          |       |                                                          |   | 18,072,684                                                    |   |                                                          | 16,941,701 |   |   | 16,215,403 |   |

**The        accompanying notes are an integral part of these consolidated financial        statements**

----

***Table            of Contents***

**AURORA        METALS (BVI) LIMITED AND SUBSIDIARY**

|                                                                 |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   | PAGE                  1 OF 2 |   |
|----------------------------------------------------------------------|--------|-----------------------------------|------------|---------------------------|--------|-----------------------------------------------------|--------|-------------------------------------------|----------|-------------------------------------|--------|--------------------------------------|--------|------------------------------|--------|
|                                                                 |   | **Common                  stock** |       | **Additional****Paid-in** |   | **Deficit****Accumulated****during****exploration** |   | **Accumulated****other****comprehensive** |     | **Total****Stockholders****equity** |   | **Total****comprehensive****income** |   |
|                                                                 |   | **Shares**                        |       | **Amount**                |   | **capital**                                         |   | **stage**                                 |     | **income                  (loss)**  |   | **(deficiency)**                     |   | **(loss)**                   |   |
|                                                                 |   | #                                 |       |  $                   |   | $                                                   |   |  $                                   |     | $                                   |   |  $                              |   | $                            |   |
|                                                                 |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |
| **Issuance                  of shares for cash, June 1997**          |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |
| Issuance                  of shares for cash, June 1997              |   |                              | 13,000,000 |                      |   | 130,000                                             |   |                                      | (129,900 | )                                   |   | -                                    |   |                         | -      |   |   | 100 |   |   | - |   |
| Components                  of comprehensive income (loss)           |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |   |   |   |   |   |   |   |
| Net                  income (loss) for the year                      |   |                              |       |                      |   |                                                |   |                                      |     |                                |   | (1,855                               | )      |                         |   |   |   | (1,855 | ) |   | (1,855 | ) |
| **Balance,                  December 31, 1997**                      |   |                              | 13,000,000 |                      |   | 130,000                                             |   |                                      | (129,900 | )                                   |   | (1,855                               | )      |                         | -      |   |   | (1,755 | ) |   | (1,855 | ) |
| Components                  of comprehensive income (loss)           |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |   |   |   |   |   |   |   |
| Net                  income (loss) for the year                      |   |                              |       |                      |   |                                                |   |                                      |     |                                |   | (2,013                               | )      |                         |   |   |   | (2,013 | ) |   | (2,013 | ) |
| **Balance,                  December 31, 1998**                      |   |                              | 13,000,000 |                      |   | 130,000                                             |   |                                      | (129,900 | )                                   |   | (3,868                               | )      |                         | -      |   |   | (3,768 | ) |   | (2,013 | ) |
| Components                  of comprehensive income (loss)           |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |   |   |   |   |   |   |   |
| Net                  income (loss) for the year                      |   |                              |       |                      |   |                                                |   |                                      |     |                                |   | (1,512                               | )      |                         |   |   |   | (1,512 | ) |   | (1,512 | ) |
| **Balance,                  December 31, 1999**                      |   |                              | 13,000,000 |                      |   | 130,000                                             |   |                                      | (129,900 | )                                   |   | (5,380                               | )      |                         | -      |   |   | (5,280 | ) |   | (1,512 | ) |
| Components                  of comprehensive income (loss)           |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |   |   |   |   |   |   |   |
| Net                  income (loss) for the year                      |   |                              |       |                      |   |                                                |   |                                      |     |                                |   | (419,625                             | )      |                         |   |   |   | (419,625 | ) |   | (419,625 | ) |
| **Balance,                  December 31, 2000**                      |   |                              | 13,000,000 |                      |   | 130,000                                             |   |                                      | (129,900 | )                                   |   | (425,005                             | )      |                         | -      |   |   | (424,905 | ) |   | (419,625 | ) |
| Unexchanged                  certificate                             |   |                              | (126,057   | )                         |   | (1,261                                              | )      |                                      | 1,261    |                                |   | -                                    |   |                         | -      |   |   | - |   |   | - |   |
| Issuance                  of shares for cash, Feb2001                |   |                              | 857,143    |                      |   | 8,571                                               |   |                                      | 591,429  |                                |   | -                                    |   |                         | -      |   |   | 600,000 |   |   | - |   |
| Issuance                  of shares for debt settlement, Jun2001     |   |                              | 217,357    |                      |   | 2,174                                               |   |                                      | 149,976  |                                |   | -                                    |   |                         | -      |   |   | 152,150 |   |   | - |   |
| Allotted                  25,000 shares for debt settlement, Jul2001 |   |                              | -          |                      |   | -                                                   |   |                                      | 15,000   |                                |   | -                                    |   |                         | -      |   |   | 15,000 |   |   | - |   |
| Issuance                  of shares for debt settlement, Jul2001     |   |                              | 295,683    |                      |   | 2,957                                               |   |                                      | 204,022  |                                |   | -                                    |   |                         | -      |   |   | 206,979 |   |   | - |   |
| Components                  of comprehensive income (loss)           |   |                              |       |                      |   |                                                |   |                                      |     |                                |   |                                 |   |                         |   |   |   |   |   |   |   |   |
| Net                  income (loss) for the year                      |   |                              | -          |                      |   | -                                                   |   |                                      | -        |                                |   | (568,694                             | )      |                         | -      |   |   | (568,694 | ) |   | (568,694 | ) |
| **Balance,                  December 31, 2001**                      |   |                              | 14,244,126 |                      |   | 142,441                                             |   |                                      | 831,788  |                                |   | (993,699                             | )      |                         | -      |   |   | (19,470 | ) |   | (568,694 | ) |
| Issuance                  of previously allocated shares, Jan2002    |   |                              | 25,000     |                      |   | 250                                                 |   |                                      | (250     | )                                   |   | -                                    |   |                         | -      |   |   | - |   |   | - |   |
| Issuance                  of shares for debt settlement, Jan2002     |   |                              | 600,000    |                      |   | 6,000                                               |   |                                      | 94,000   |                                |   | -                                    |   |                         | -      |   |   | 100,000 |   |   | - |   |
| Issuance                  of shares for cash, Apr2002                |   |                              | 750,000    |                      |   | 7,500                                               |   |                                      | 142,500  |                                |   | -                                    |   |                         | -      |   |   | 150,000 |   |   | - |   |
| Issuance                  of shares for finder's fee, Apr2002        |   |                              | 150,000    |                      |   | 1,500                                               |   |                                      | 28,500   |                                |   | -                                    |   |                         | -      |   |   | 30,000 |   |   | - |   |

**The        accompanying notes are integral part of these consolidated financial        statements.**

----

***Table            of Contents***

|                                                                           |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   | PAGE                    2 OF 2 |   |
|--------------------------------------------------------------------------------|--------|-------------------------------------|------------|---------------------------|--------|-----------------------------------------------------|--------|-------------------------------------------|-----------|--------------------------------------------|--------|--------------------------------------|--------|--------------------------------|--------|
|                                                                           |   | **Common                    stock** |       | **Additional****Paid-in** |   | **Deficit****Accumulated****during****exploration** |   | **Accumulated****other****Comprehensive** |      | **Total****stockholders’****equity** |   | **Total****comprehensive****income** |   |
|                                                                           |   | **Shares**                          |       | **Amount**                |   | **capital**                                         |   | **stage**                                 |      | **income                    (loss)**       |   | **(deficiency)**                     |   | **(loss)**                     |   |
|                                                                           |   | #                                   |       | $                         |   | $                                                   |   | $                                         |      | $                                          |   | $                                    |   | $                              |   |
|                                                                           |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |
| Finder's                    fee charges to additional paid in capital, Apr2002 |   |                                | -          |                      |   | -                                                   |   |                                      | (30,000   | )                                          |   | -                                    |   |                           | -      |   |   | (30,000 | ) |   | - |   |
| Issuance                    of shares for services provided, Jun2002           |   |                                | 50,000     |                      |   | 500                                                 |   |                                      | 17,500    |                                       |   | -                                    |   |                           | -      |   |   | 18,000 |   |   | - |   |
| Stock                    based compensation                                    |   |                                | -          |                      |   | -                                                   |   |                                      | 9,500     |                                       |   | -                                    |   |                           | -      |   |   | 9,500 |   |   | - |   |
| Components                    of comprehensive income (loss)                   |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |   |   |   |   |   |   |   |
| Net                    income (loss) for the year                              |   |                                | -          |                      |   | -                                                   |   |                                      | -         |                                       |   | (227,812                             | )      |                           | -      |   |   | (227,812 | ) |   | (227,812 | ) |
| **Balance,                    December 31, 2002**                              |   |                                | 15,819,126 |                      |   | 158,191                                             |   |                                      | 1,093,538 |                                       |   | (1,221,511                           | )      |                           | -      |   |   | 30,218 |   |   | (227,812 | ) |
| Issuance                    of shares for services provided, May2003           |   |                                | 472,500    |                      |   | 4,725                                               |   |                                      | 160,650   |                                       |   | -                                    |   |                           | -      |   |   | 165,375 |   |   | - |   |
| Issuance                    of shares for finder's fee, May2003                |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |   |   |   |   |   |   |   |
| (relating                    to License agreement)                             |   |                                | 171,450    |                      |   | 1,715                                               |   |                                      | 58,285    |                                       |   | -                                    |   |                           | -      |   |   | 60,000 |   |   | - |   |
| Components                    of comprehensive income (loss)                   |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |   |   |   |   |   |   |   |
| Net                    income (loss) for the year                              |   |                                | -          |                      |   | -                                                   |   |                                      | -         |                                       |   | (288,706                             | )      |                           | -      |   |   | (288,706 | ) |   | (288,706 | ) |
| **Balance,                    December 31, 2003**                              |   |                                | 16,463,076 |                      |   | 164,631                                             |   |                                      | 1,312,473 |                                       |   | (1,510,217                           | )      |                           | -      |   |   | (33,113 | ) |   | (288,706 | ) |
| Issuance                    of shares and warrants for cash, May2004           |   |                                | 1,000,000  |                      |   | 10,000                                              |   |                                      | 140,000   |                                       |   | -                                    |   |                           | -      |   |   | 150,000 |   |   | - |   |
| Issuance                    of shares for finder's fee, May2004                |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |   |   |   |   |   |   |   |
| (relating                    to License agreement)                             |   |                                | 85,000     |                      |   | 850                                                 |   |                                      | 11,900    |                                       |   | -                                    |   |                           | -      |   |   | 12,750 |   |   | - |   |
| Components                    of comprehensive income (loss)                   |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |   |   |   |   |   |   |   |
| Net                    income (loss) for the year                              |   |                                | -          |                      |   | -                                                   |   |                                      | -         |                                       |   | (176,913                             | )      |                           | -      |   |   | (176,913 | ) |   | (176,913 | ) |
| **Balance,                    December 31, 2004**                              |   |                                | 17,548,076 |                      |   | 175,481                                             |   |                                      | 1,464,373 |                                       |   | (1,687,130                           | )      |                           | -      |   |   | (47,276 | ) |   | (176,913 | ) |
| Issuance                    of shares to settle accounts payable, Jan2005      |   |                                | 533,400    |                      |   | 5,334                                               |   |                                      | 74,676    |                                       |   | -                                    |   |                           | -      |   |   | 80,010 |   |   | - |   |
| Stock                    based compensation, August 2005                       |   |                                | -          |                      |   | -                                                   |   |                                      | 50,000    |                                       |   | -                                    |   |                           | -      |   |   | 50,000 |   |   | - |   |
| Components                    of comprehensive income (loss)                   |   |                                |       |                      |   |                                                |   |                                      |      |                                       |   |                                 |   |                           |   |   |   |   |   |   |   |   |
| Net                    income (loss) for the year                              |   |                                | -          |                      |   | -                                                   |   |                                      | -         |                                       |   | (239,229                             | )      |                           | -      |   |   | (239,229 | ) |   | (239,229 | ) |
| Unrealized                    loss on available-for-sale securities            |   |                                | -          |                      |   | -                                                   |   |                                      | -         |                                       |   | -                                    |   |                           | (6,750 | ) |   | (6,750 | ) |   | (6,750 | ) |
| **Balance,                    December 31, 2005**                              |   |                                | 18,081,476 |                      |   | 180,815                                             |   |                                      | 1,589,049 |                                       |   | (1,926,359                           | )      |                           | (6,750 | ) |   | (163,245 | ) |   | (245,979 | ) |

**The          accompanying notes are integral part of these consolidated financial          statements.**

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***Table            of Contents***

**AURORA        METALS (BVI) LIMITED AND SUBSIDIARY**

----

|                                                                                                          | Cumulative                  from |                         |                         |                         |
|---------------------------------------------------------------------------------------------------------------|----------------------------------|------------------------------|------------------------------|------------------------------|
|                                                                                                          | June                  17, 1997   | Year                         | Year                         | Year                         |
|                                                                                                          | (inception)                  to  | Ended                        | Ended                        | Ended                        |
|                                                                                                          | December                  31     | December                  31 | December                  31 | December                  31 |
|                                                                                                          | 2005                             | 2005                         | 2004                         | 2003                         |
| **Cash                  flows from operating activities**                                                     |                             |                         |                         |                         |
| Net                  loss for the period                                                                      | $                  (1,926,359)   | $                  (239,229) | (176,913)                    | (288,706)                    |
| Adjustments                  to reconcile net loss to net cash used in operating                  activities: |                             |                         |                         |                         |
| -                  available for sale securities received as income                                           | (13,500)                         | (13,500)                     | -                            | -                            |
| -                  stock based compensation                                                                   | 59,500                           | 50,000                       | -                            | -                            |
| -                  issuance of stock for services                                                             | 256,125                          | -                            | 12,750                       | 225,375                      |
| Changes                  in assets and liabilities:                                                           |                             |                         |                         |                         |
| -                  other current assets                                                                       | (106)                            | -                            | (106)                        | -                            |
| -                  accounts payable and accrued expenses                                                      | 355,068                          | 174,991                      | 46,227                       | 31,582                       |
| **Net                  cash used in operating activities**                                                    | (1,269,272)                      | (27,738)                     | (118,042)                    | (31,749)                     |
|                                                                                                          |                             |                         |                         |                         |
| **Cash                  flows from financing activities**                                                     |                             |                         |                         |                         |
| Proceeds                  from issuance of common stock                                                       | 1,274,229                        | -                            | 150,000                      | -                            |
|                                                                                                          |                             |                         |                         |                         |
| **Net                  increase (decrease) in cash and cash equivalents**                                     | 4,957                            | (27,738)                     | 31,958                       | (31,749)                     |
| **Cash,**beginning                  of period                                                                 | -                                | 32,695                       | 737                          | 32,486                       |
|                                                                                                          |                             |                         |                         |                         |
| **Cash,**end                  of period                                                                       | $4,957                           | $4,957                       | 32,695                       | 737                          |
|                                                                                                          |                             |                         |                         |                         |
| **Non-cash                  operating and financing activities**                                              |                             |                         |                         |                         |
| Shares                  issued for settlement of accounts payable                                             |                             | $80,010                      | -                            | 165,375                      |
| Shares                  issued for finder's fee in connection with a lease                  agreement         |                             | -                            | 12,750                       | 60,000                       |
| Shares                  issued for finder's fee in connection with a license                  agreement       |                        | -                            | -                            | 60,000                       |
|                                                                                                          |                             |                         |                         |                         |
| Supplemental                  disclosure:                                                                     |                             |                         |                         |                         |
| Interest                  paid in cash                                                                        |                        | -                            | -                            | -                            |

**The        accompanying notes are an integral part of these consolidated financial        statements**

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***Table            of Contents***

| **1.** | **Nature                  of Business and Continuance of                  Operations** |
|--------|----------------------------------------------------------------------------------------|

| **2.** | **Significant                  Accounting Policies** |
|--------|------------------------------------------------------|

|   | (a) | Principles                    of Accounting |
|--------|-----|---------------------------------------------|

|   | (b) | Accounting                    Estimates |
|--------|-----|-----------------------------------------|

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***Table            of Contents***

| **2.** | **Significant                  Accounting Policies                  (cont’d)** |
|--------|--------------------------------------------------------------------------------------|

|   | (c) | Cash                  Equivalents |
|--------|-----|-----------------------------------|

|   | (d) | Available-for-Sale                  Securities |
|--------|-----|------------------------------------------------|

|   | (e) | Mineral                  Properties and Exploration Expenses |
|--------|-----|--------------------------------------------------------------|

|   | (f) | Asset                  Retirement Obligations |
|--------|-----|-----------------------------------------------|

*Accounting        for Asset Retirement Obligations*

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***Table            of Contents***

| **2.** | **Significant                  Accounting Policies                  (cont’d)** |
|--------|--------------------------------------------------------------------------------------|

|   | (g) | Stock-Based                  Compensation |
|--------|-----|-------------------------------------------|

*Accounting        for Stock-based Compensation*
*Accounting        for Stock Issued to Employees*

|   | (h) | Advertising                  Expenses |
|--------|-----|---------------------------------------|

|   | (i) | Foreign                  Currency Transactions |
|--------|-----|------------------------------------------------|

|   | (j) | Fair                  Value of Financial Instruments and                  Risks |
|--------|-----|---------------------------------------------------------------------------------|

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***Table            of Contents***

| **2.** | **Significant                    Accounting Policies                    (cont’d)** |
|--------|------------------------------------------------------------------------------------------|

|   | (k) | Long-Lived                  Assets Impairment |
|--------|-----|-----------------------------------------------|

*Accounting        for the Impairment or Disposal of Long-Lived Assets*

|   | (l) | Income                  Taxes |
|--------|-----|-------------------------------|

*Accounting        for Income Taxes*

|   | (m) | Accounting                  for Derivative Instruments and Hedging                  Activities |
|--------|-----|------------------------------------------------------------------------------------------------|

*Accounting        for Derivative Instruments and Hedging Activities, *

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***Table            of Contents***

| **2.** | **Significant                    Accounting Policies                    (cont’d)** |
|--------|------------------------------------------------------------------------------------------|

|   | (n) | Earnings                  (Loss) Per Share |
|--------|-----|--------------------------------------------|

*Earnings        Per Share*

|   | (o) | Comprehensive                  Income |
|--------|-----|---------------------------------------|

*Reporting        Comprehensive Income*
*Consolidated*
*Statement        of Stockholders' Equity (Deficiency)*

|   | (p) | New                  Accounting Pronouncements |
|--------|-----|------------------------------------------------|

*"Inventory        Costs - an amendment of ARB No. 43, Chapter 4", *

*Accounting        for Real Estate Time-Sharing Transactions.*
*Accounting        for Sales of Real Estate*
*Accounting        for Real Estate Time-Sharing Transactions*
*Accounting        for Costs and Initial Rental Operations of Real Estate Projects*

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***Table            of Contents***

| **2.** | **Significant                    Accounting Policies                    (cont’d)** |
|--------|------------------------------------------------------------------------------------------|

*Exchanges      of Nonmonetary Assets, an amendment of APB No. 29, Accounting for Nonmonetary      Transactions. *

*"Share-Based      Payment"*

*Accounting      Changes and Error Corrections- a replacement of APB Opinion No. 20 and FASB      Statement No. *
*Accounting      Changes, *
*Reporting      Accounting Changes in Interim Financial Statements-an amendment of APB Opinion      No. 3, *

*Accounting      for Conditional Asset Retirement Obligations-an interpretation of FASB Statement      No. 143*

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***Table            of Contents***

| **3.** | **Mineral                  Property** |
|--------|---------------------------------------|

|   | (a) | Kebbouch                  District, Tunisia |
|--------|-----|---------------------------------------------|

|   | (b) | Mountain                  View Lease Agreement |
|--------|-----|------------------------------------------------|

|   | (c) | Basal                  Zone Lease Agreement |
|--------|-----|---------------------------------------------|

|   | (d) | **Aurora-Trend                  Stillwater Venture** |
|--------|-----|------------------------------------------------------|

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***Table            of Contents***

| **4.** | **Related                Party Transactions** |
|--------|-----------------------------------------------|

| **5.** | **Stock                Option Plan** |
|--------|--------------------------------------|

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***Table            of Contents***

| **5.** | **Stock                Option Plan (cont’d)** |
|--------|-----------------------------------------------------|

|                                                                                       |   |   |      |                                           |   |
|--------------------------------------------------------------------------------------------|--------|--------|-----------|------------------------------------------------|--------|
|                                                                                       |   | Shares |      | WeightedAverageExercise                  Price |   |
|                                                                                       |   |   |      |                                           |   |
| Options                  outstanding and exercisableat December 31, 2004 and 2003          |   |   | 1,100,000 |                                           | $      | 0.15 |   |
| Forfeited                                                                                  |   |   | (100,000  | )                                              | $      | (0.15 | ) |
| Options                  outstanding and exercisable at                  December 31, 2005 |   |   | 1,000,000 |                                           | $      | 0.05 |   |

| **6.** | **Share                Purchase Warrants** |
|--------|--------------------------------------------|

|                            |                          |                          |
|---------------------------------|-------------------------------|-------------------------------|
| Number                of shares | Exercise                Price | Expiry                Date    |
|                            |                          |                          |
| 1,000,000                       | $0.15                         | April                23, 2007 |

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***Table            of Contents***

| **6.** | **Share                Purchase Warrants (cont’d)** |
|--------|-----------------------------------------------------------|

| **7.** | **Subsequent                Events** |
|--------|--------------------------------------|

**People’s      Republic of China**

**Debt      Settlement**

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***Table            of Contents***

| **ITEM                18.** | **FINANCIAL                STATEMENTS** |
|-----------------------------|-----------------------------------------|

| **ITEM                19.** | **EXHIBITS**. |
|-----------------------------|---------------|

**Index      to Exhibits**

| 3.1    | Certificate                  of Incorporation. *                                                                                                                                                                                                  |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                              |
| 3.2    | Memorandum                  of Association and Articles of Association. *                                                                                                                                                                         |
|   |                                                                                                                                                                                                                                              |
| 3.3    | Amendment                  to the Memorandum and Articles of Association. *                                                                                                                                                                       |
|   |                                                                                                                                                                                                                                              |
| 3.4    | Amended                  Certificate of Incorporation. *                                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                              |
| 3.5    | Amended                  Memorandum and Articles of Association. *                                                                                                                                                                                |
|   |                                                                                                                                                                                                                                              |
| 3.6    | Certificate                  of Incumbency of Aurora Metals (BVI) Ltd. *                                                                                                                                                                          |
|   |                                                                                                                                                                                                                                              |
| 10.1   | Letter                  of Intent between Aurora Gold Corporation and High Marsh Holdings                  Ltd.,                  dated March 15, 1999. *                                                                                         |
|   |                                                                                                                                                                                                                                              |
| 10.2   | Option                  Agreements dated as shown between Aurora Gold Corporation and High                  Marsh                  Holdings Limited. *                                                                                            |
|   |                                                                                                                                                                                                                                              |
|   | 10.2.1                                                                                                                                                                                                                                            | Hamman                  Zriba/Jebel Guebli | October                  15, 1999 * |
|   | 10.2.2                                                                                                                                                                                                                                            | Koudiat                  Sidii | October                  15, 1999 * |
|   | 10.2.3                                                                                                                                                                                                                                            | Ouled                  Moussa | October                  15, 1999 * |
|   | 10.2.4                                                                                                                                                                                                                                            | Hammala | January                  20, 2000 * |
|   | 10.2.5                                                                                                                                                                                                                                            | El                  Mohguer | January                  20, 2000 * |
|   | 10.2.6                                                                                                                                                                                                                                            | Jebel                  Oum Edeboua | January                  20, 2000 * |
|   |                                                                                                                                                                                                                                              |
| 10.3   | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated February 25, 2000. *                                                                                    |
|   |                                                                                                                                                                                                                                              |
| 10.4   | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated April 12, 2000, amending the Letter of Intent of February                  25, 2000.                  * |
|   |                                                                                                                                                                                                                                              |
| 10.5   | Amendments                  to Letter of Intent between Aurora Gold Corporation and Billiton                  UK                  Resources B.V. *                                                                                                |
|   |                                                                                                                                                                                                                                              |   |   |
|   | 10.5.1                                                                                                                                                                                                                                            | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated May 30, 2000, amending the Letter of Intent of February 25,                  2000.                  * |
|   |                                                                                                                                                                                                                                              |   |   |
|   | 10.5.2                                                                                                                                                                                                                                            | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated June 22, 2000, amending the Letter of Intent of February                  25, 2000.                  * |
|   |                                                                                                                                                                                                                                              |   |   |
|   | 10.5.3                                                                                                                                                                                                                                            | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated July 27, 2000, amending the Letter of Intent of February                  25, 2000.                  * |

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***Table            of Contents***

|   | 10.5.4                                                                                                                                                                                                                                                                                                                                                                                                              | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated August 30, 2000, amending the Letter of Intent of February                  25, 2000.                  *    |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
|   | 10.5.5                                                                                                                                                                                                                                                                                                                                                                                                              | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated September 28, 2000, amending the Letter of Intent of February                  25,                  2000. * |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
|   | 10.5.6                                                                                                                                                                                                                                                                                                                                                                                                              | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated November 10, 2000, amending the Letter of Intent of February                  25,                  2000. *  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
|   | 10.5.7                                                                                                                                                                                                                                                                                                                                                                                                              | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated December 8, 2000, amending the Letter of Intent of February                  25,                  2000. *   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
|   | 10.5.8                                                                                                                                                                                                                                                                                                                                                                                                              | Letter                  of Intent between Aurora Gold Corporation and Billiton UK Resources                  B.V.,                  dated January 12, 2001, amending the Letter of Intent of February                  25,                  2000. *   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.6   | Notifications                  of granting of ten (10) Exploration Permits, extracts from the                  Tunisian                  Government Gazette, May 26, 2000. *                                                                                                                                                                                                                                        |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |
| 10.7   | Directors                  Consent Resolutions of Aurora Gold Corporation, dated May 18, 2000,                  transferring 100% interest in six (6) Exploration Permits held                  under                  option, and the ten (10) Exploration Permits formally granted on                  May 26,                  2000, to its wholly owned subsidiary, Aurora Metals (BVI) Ltd.                  * |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.8   | Directors                  Consent Resolutions of Aurora Gold Corporation, dated May 18, 2000,                  transferring 100% interest in the Letter of Intent and proposed                  private                  placement with Billiton UK Resources B.V. to its wholly owned subsidiary,                  Aurora Metals (BVI) Ltd. *                                                                     |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.9   | Letters                  of Termination on Option Agreements between Aurora Metals (BVI)                  Ltd. and                  High Marsh Holdings Ltd., under Exhibits 10.2.1 (10.9.1), 10.2.3                  (10.9.2),                  10.2.5 (10.9.3) and 10.2.6 (10.9.4), dated September 5, 2000.                  *                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.10  | Letter                  of Termination between Aurora Metals (BVI) Ltd. and High Marsh                  Holdings                  Ltd., under Exhibit 10.2.2, dated September 11, 2000. *                                                                                                                                                                                                                           |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.11  | Subscription                  Agreement between Aurora Metals (BVI) Limited and Billiton E&D 3 B.V.,                  dated January 29, 2001.*                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.12  | Option                  Agreement between Aurora Metals (BVI) Limited and Billiton UK Resources                  B.V.*                                                                                                                                                                                                                                                                                              |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.13  | License                  Agreement between Aurora Metals (BVI) Limited, Crystal Coding Limited                  and                  Malcolm Warwick and 650089 B.C. Ltd., dated November 22,                  2002.*                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.14  | Mountain                  View Lease Agreement.*                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.15  | First                  Amending Agreement to the Mountain View Lease                  Agreement.*                                                                                                                                                                                                                                                                                                                   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                  |   |
| 10.16  | Basal                  Zone Lease Agreement.*                                                                                                                                                                                                                                                                                                                                                                       |

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***Table            of Contents***

| 10.17                               | Letter                  of Intent between Aurora Metals (BVI) Limited and Trend Mining                  Company,                  dated September 20, 2004.*                                                                                                                  |
|-------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.18                               | Letter                  dated November 18, 2004, extending time for completion of joint                  venture                  agreement between Aurora Metals (BVI) Limited and Trend Mining                  Company, to                  December 17, 2004.*            |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.19                               | Letter                  dated December 17, 2004, extending time for completion of joint                  venture                  agreement between Aurora Metals (BVI) Limited and Trend Mining                  Company, to                  January 14, 2005.*             |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.20                               | Letter                  dated January 14, 2005, extending time for completion of joint                  venture                  agreement between Aurora Metals (BVI) Limited and Trend Mining                  Company, to                  February 18, 2005.*             |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.21                               | Aurora-Trend                  Stillwater Venture Agreement, joint venture between Aurora Metals                  (BVI)                  Limited and Trend Mining Company, dated January 1,                  2005.*                                                            |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.22.1                             | Memorandum                  of Agreement among Aurora Metals (BVI) Limited, Golden Phoenix                  Resources                  Asia Limited, Penglai City Hexi Gold Mine Limited and Mr. Wang                  Zhi Qiang,                  dated February 20, 2006. * |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.23                               | Stillwater                  Complex - Location Map                                                                                                                                                                                                                            |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.24                               | Stillwater                  Complex - Regional Location Map                                                                                                                                                                                                                   |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.25                               | Stillwater                  Complex, Montana, U.S.A. - Complete Land Status                                                                                                                                                                                                   |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 10.26                               | Stillwater                  River Area, Montana, U.S.A. - Complete Land Status                                                                                                                                                                                                |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 11.1                                | Corporate                  Governance Principles. *                                                                                                                                                                                                                           |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 12.1                                | Certification                  of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002.                                                                                                                                         |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 12.2                                | Certification                  of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley                  Act of 2002.                                                                                                                                         |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 13.1                                | Certification                  of Chief Executive Officer pursuant to 18 U.S.C. Section 1350 as                  adopted                  pursuant to Section 906 of the Sarbanes-Oxley Act of                  2002.                                                         |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| 13.2                                | Certification                  of Chief Financial Officer pursuant to 18 U.S.C. Section 1350 as                  adopted                  pursuant to Section 906 of the Sarbanes-Oxley Act of                  2002.                                                         |
|                                |                                                                                                                                                                                                                                                                          |   |   |
| *                  Previously filed |                                                                                                                                                                                                                                                                          |   |

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***Table            of Contents***

**SIGNATURES**

|   |                           | **AURORA                METALS (BVI) LIMITED** |
|--------|--------------------------------|------------------------------------------------|
|   |                           | (Registrant)                                   |
|   |                           |                                           |   |
| Date:  | *June                13, 2007* | BY:                                            | */s/                John A.A. James* |
|   |                           |                                           | John                A.A. James |
|   |                           |                                           | Director                and President |
|   |                           |                                           |   |
| Date:  | *June                13, 2007* | BY:                                            | */s/                A. Cameron Richardson* |
|   |                           |                                           | A.                Cameron Richardson |
|   |                           |                                           | Director                and Chief Financial Officer |

| Date:  | *June                13, 2007* | BY:    | */s/                John A.A. James*                |
|--------|--------------------------------|--------|-----------------------------------------------------|
|   |                           |   | John                A.A. James                      |
|   |                           |   | Director                and President               |
|   |                           |   |                                                |
| Date:  | *June                13, 2007* | BY:    | */s/                A. Cameron Richardson*          |
|   |                           |   | A.                Cameron Richardson                |
|   |                           |   | Director                and Chief Financial Officer |

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***Table            of Contents***

**GLOSSARY      OF GEOLOGICAL AND MINING TERMS **

|   | **alteration**                       |   | Changes                in the chemical or mineralogical composition of a rock, generally                produced                by weathering or *hydrothermal*                solutions.                                                                                               |
|--------|--------------------------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **anhydrite**                        |   | *Anhydrous*                calcium sulphate, CaSO4,                commonly massive in *evaporite                beds*                and which alters readily to *gypsum*.                                                                                                             |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **anhydrous**                        |   | Completely                without water.                                                                                                                                                                                                                                                |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **anomaly**                          |   | A                geological feature, especially in the subsurface, identified by geology,                geophysics, or *geochemical*                means, which is different from the general surroundings. See also                *geochemical                anomaly*.             |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **anorthosite**                      |   | An                *igneous*                rock composed almost entirely of *plagioclase                feldspar.*                                                                                                                                                                      |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **anticline**                        |   | A                *fold*,                generally convex upward, whose core contains *stratigraphically*                older rocks.                                                                                                                                                    |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **Archaeozoic**                      |   | The                earlier part of Precambrian time, corresponding to *Archean*                rocks.                                                                                                                                                                                   |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **Archean**                          |   | Said                of the rocks of the *Archaeozoic.*                                                                                                                                                                                                                                  |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **argillaceous**                     |   | Composed                of or having a large proportion of clay in the composition, e.g.                *sedimentary*                rocks such as *marl*                and *shale*.                                                                                                   |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **Atlas                fold belt**   |   | The                belt of northeast-southwest trending *synclinal*                and *anticlinal* *folds*                in                the central-to-northern part of the Atlas System of *sedimentary*                carbonate platforms in the northern half of Tunisia. |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **Bahloul                Formation** |   | *Limestone*                formed in *Cenomanian*                to                *Turonian*                time (Middle to Upper *Cretaceous*                stages).                                                                                                                 |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **barite**                           |   | Barium                sulphate, BaSO4.                                                                                                                                                                                                                                                  |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **bed**                              |   | Smallest                *lithostratigraphic*                unit in *sedimentary                strata*,                ranging in thickness from a centimeter to several meters and with                distinguishing characteristics from beds above and                below        |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **calcite**                          |   | Calcium                carbonate, CaCO3,                a                common rock-forming mineral and a chief constituent of *limestone*.                                                                                                                                            |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **cap-rock**                         |   | In                a *salt                dome*,                a                body of *anhydrite*                and *gypsum*,                with some minor *calcite*                and sometimes *sulfur*,                that overlies the salt body.                            |
|   |                                 |   |                                                                                                                                                                                                                                                                                    |
|   | **Cenomanian**                       |   | Series                or stage of rock formation in the lower epoch of the *Cretaceous*                period of geological time ranging from 95 to 90 million years in                age.                                                                                             |

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***Table            of Contents***

|   | **chromite**                     |   | Iron-black                to brownish black mineral, FeCr2O4                or                FeO, Cr2O3,                an                ore of chromium.                                                                                                                                                        |
|--------|----------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **chromitite**                   |   | Material                in minute octahedral crystals, said to have the formula FeCrO3.                                                                                                                                                                                                                            |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **clinopyroxene**                |   | Any                of a group of *pyroxenes*                crystallizing in the monoclinic system, sometimes with considerabel                calcium with or without aluminum and the alkalies.                                                                                                                  |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **concordant**                   |   | Said                of *strata*displaying                parallelism of bedding or structure; structurally                conformable.                                                                                                                                                                             |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **Cretaceous**                   |   | Stage                in geological time, comprising two epochs, the lower of which ranges                from                131 million years to 95 million years in age and the upper of which                ranges                from 95 million years to 66 million years in age.                            |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **cut-off                grade** |   | The                minimum grade of mineral, in units or percentage per ton, assumed                for                estimation of overall tons and grade.                                                                                                                                                       |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **diapir**                       |   | A                *dome*                or                *anticlinal                fold*                which in *sedimentary                strata*usually                contain cores of *salt*                or                *shale*.                                                                      |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **dissemination**                |   | Scattered                distribution of generally fine-grained metalliferous minerals throughout                a                rock.                                                                                                                                                                            |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **dolomite**                     |   | Calcium                magnesium carbonate, CaMg(CO3)2                ,                a                common rock-forming mineral. A *sedimentary*                rock comprising more than 50% by weight of the mineral *dolomite*.                Most often associated with and interbedded with *limestone*. |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **dome**                         |   | An                uplift or *anticlinal*                structure, circular or elliptical in outline, in which the rocks                dip                gently away in all directions.                                                                                                                          |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **evaporite**                    |   | A                sediment deposited from aqueous solution as a result of extensive                or total                evaporation, e.g. *anhydrite*.                                                                                                                                                           |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **fault**                        |   | A                fracture or fracture zone along which there has been displacement                of the                sides relative to one another parallel to the fracture.                                                                                                                                    |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **fold**                         |   | A                bend or plication in *bedding*,                foliation, cleavage, or other planar features in rocks.                                                                                                                                                                                            |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **fluorite**                     |   | Calcium                fluorite, CaF2,                a                common mineral in *veins*                and used in glass, enamel and the manufacture of hydrofluoric                acid.                                                                                                                 |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **formation**                    |   | A                body of rock strata that consists dominantly of a certain *lithologic*                type or combination of types. A distinct body of *igneous*                or                *metamorphic*                rock.                                                                              |
|   |                             |   |                                                                                                                                                                                                                                                                                                               |
|   | **gabbro**                       |   | Dark-colored                igneous rock composed of *plagioclase                feldspar*                and *clinopyroxene*                with minor *orthopyroxene*.                                                                                                                                           |

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***Table            of Contents***

|   | **galena**                             |   | Lead                sulfide, PbS, a gray, soft and heavy mineral with perfect cubic cleavage.                Principal source of lead.                                                                                                                                                                                                                                                                                  |
|--------|----------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **geochemical                anomaly** |   | A                concentration of one or more elements in rock, soil, sediments,                vegetation, or water that is markedly different from the normal                concentration.                                                                                                                                                                                                                           |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **graphite**                           |   | Six-sided                carbon crystals, iron-black to dark steel-gray in color; occurring                as                crystals, or flakes in *veins*                or                bedded masses, or as *disseminations*                in                *metamorphic*                rocks.                                                                                                                 |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **gypsum**                             |   | Hydrous                calcium sulfate, CaSO4.2H2O,                commonly in thick extensive beds with *anhydrite*                in                *evaporites*.                                                                                                                                                                                                                                                     |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **hanging                wall**        |   | The                wall rock overlying an inclined *vein*,                zone of mineralization or *fault*.* *                                                                                                                                                                                                                                                                                                    |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **hydrothermal**                       |   | Of,                or pertaining to, the action of hot water, or to the products of                this                action, such as mineral deposit precipitated from a hot aqueous solution;                hence *hydrothermal* *alteration*                of                rocks or minerals by the reaction of *hydrothermal*                water with pre-existing solid phases.                        |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **igneous**                            |   | Said                of a rock that solidified from molten or partly molten material,                i.e. from                a *magma*.                Igneous rocks constitute one of the three main classes into which                rocks                are divided, the others being *metamorphic*                and *sedimentary*.                                                                              |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **lens**                               |   | A                body of rock or mineralization which is thick in the middle and thin                at                the edges, i.e. double convex in shape.                                                                                                                                                                                                                                                          |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **limestone**                          |   | *Sedimentary*                rock consisting mainly of *calcite*with,                or without, magnesium carbonate (MgCO3).                                                                                                                                                                                                                                                                                           |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **lithology**                          |   | The                description of rocks on the basis of such characteristics as color,                mineralogical composition and grain size. The physical character                of a                rock.                                                                                                                                                                                                         |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **lithostratigraphic**                 |   | Used                to describe a body or unit of rock consisting dominantly of a certain                *lithologic*                type or combination of types.                                                                                                                                                                                                                                                      |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **lode                mining claim**   |   | The                most common type of mining claim located on mineral deposits such                as                veins, fissures, lodes and disseminated zones of mineralization.                A single                lode claim cannot exceed 1,500 feet along the length of the deposit,                nor                more than 300 feet to either side of the centerline of the                deposit. |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **mafic**                              |   | Said                of igneous rock composed mainly of dark ferromagnesian                minerals.                                                                                                                                                                                                                                                                                                                     |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **magnetite**                          |   | A                black, isometric, strongly magnetic, opaque mineral, (Fe,Mg)Fe2O4.                                                                                                                                                                                                                                                                                                                                     |
|   |                                   |   |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   | **magma**                              |   | Naturally                occurring molten rock material, generated within the earth and capable                of                intrusion and extrusion, from which *igneous*rocks                have been derived through solidification and related                processes.                                                                                                                                       |

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***Table            of Contents***

|   | **marl**                                             |   | An                earthy or impure *argillaceous                limestone*.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|--------|------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **metamorphism**                                     |   | The                mineralogical, chemical, and structural adjustment of solid rocks                to                physical and chemical conditions imposed at depth below the surface                zones                of weathering and cementation, which differ from the conditions under                which the rocks originated. *Metamorphic*                rocks have been subjected to marked changes in temperature, pressure,                shearing stress, and chemical environment.                                                                                                                                                                                                                                                                                |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **mill                site claim**                   |   | Mill                site claims up to five (5) acres in area may be located on non-mineral                ground for the purpose of erecting a mill, treatment plant or smelter                facility.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **Mississippi                Valley - type deposit** |   | A                *stratabound*deposit                of lead and/or zinc minerals in carbonate rocks, e.g., *dolomite,                limestone*and*marl*,                    together with associated** ***barite*and                *fluorite.*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **patented                mining claim**             |   | Patent                to a mining claim is issued by the federal government through the                U.S.                Bureau of Land Management (“BLM”) and title thereto is incontestable after                a period of six years. The requirements for patenting are detailed                and                precise, covering verification of physical discovery of a mineral                deposit                on vacant, open, unappropriated federal land; official survey in                accordance with government regulations; and submission of the Patent                Application containing specified information, statements, and affidavits                to the BLM state office. Patenting is a long and arduous                process. |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **PGM**                                              |   | Said                collectively of the platinum group metals in any combination of platinum,                palladium, rhodium, ruthenium, osmium, and iridium.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **placer                mining claim**               |   | Placer                mining claims are located over deposits of loose, unconsolidated                material,                such as gravel beds, or upon certain consolidated *sedimentary*                deposits lying at the surface. A single locator cannot claim more                than 20                acres in each placer claim, but associations of persons may join                to locate                placer mining claims containing 20 acres for each person to a maximum                of                160 acres.                                                                                                                                                                                                                                           |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **plagioclase**                                      |   | sodium                or calcium aluminum silicates in which two cleavages                are                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **feldspar**                                         |   | oblique                to each other.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **peneconcordant**                                   |   | Near                concordant, i.e. not completely conformable.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **podiform**                                         |   | A                mineralized body of elongate or lenticular shape.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **Probable                (indicated) reserves**     |   | As                defined by the SEC: Reserves for which quantity and grade and/or                quality                are computed from information similar to that used** **for                proven (measured) reserves, but the sites for inspection, sampling,                and                measurements are further apart or are otherwise less adequately spaced.                The degree of assurance, although lower than that for proven (measured)                reserves, is high enough to assume continuity between points of                observation.                                                                                                                                                                                                    |
|   |                                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **Proven                (measured) reserves**        |   | As                defined by the SEC: Reserves for which (a) quantity is computed from                dimensions revealed in outcrops, trenches, workings or drillholes;                grade                and/or quality are computed from the results of sampling; and (b)                the                sites for inspection, sampling and measurement are spaced so closely                and                the geologic character is so well defined that size, shape, depth                and                mineral content of reserves are well                established.                                                                                                                                                                                               |

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***Table            of Contents***

|   | **pyroxene**                                                             |   | A                group of rock-forming minerals with the general formula ABSi2O6                where A may be magnesium (Mg), iron (Fe+2),                calcium (Ca), or sodium (Na), and B is Mg, Fe+2                or                aluminum (Al).                                                                                                                                                                                                     |
|--------|--------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **pyrrhotite**                                                           |   | A                common red-brown to bronze pseudo-hexagonal mineral, with formulae                ranging                from Fe5S6                to Fe15S16.                                                                                                                                                                                                                                                                                           |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **regional**                                                             |   | Over                a wide area, as in *regional                metamorphism*                affecting an extensive region, as opposed to local *metamorphism*                considerably more confined.                                                                                                                                                                                                                                                      |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **salt                dome**                                             |   | A                *diapir*                with a columnar salt plug as its core, a *cap-rock*                of                *anhydrite*                and *limestone*,                and upturned and faulted sedimentary rocks next to the                plug.                                                                                                                                                                                           |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **sand**                                                                 |   | A                detrital particle smaller than a granule and larger than a *silt*                grain, generally in the range 0.0625 to 1.68                millimeters.                                                                                                                                                                                                                                                                                     |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **sedimentary**                                                          |   | Pertaining                to or containing sediment, or formed by its deposition.                                                                                                                                                                                                                                                                                                                                                                              |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **sedimentary-                exhalative (“sedex”) deposit** |   | Sedex                deposits are comprised of base metal sulfides that were deposited                upon the                seafloor from metal-bearing fluids that discharged through a fracture                system in the seabed. Sedex deposits are typically interbedded with                *sedimentary*                rocks which is taken as evidence that the sulfides were deposited                simultaneously with these sediments.  |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **shale**                                                                |   | A                fine-grained detrital *sedimentary*                rock, formed by the compaction of clay, *silt*                or                mud, with particle sizes within the range 0.00006 to 0.053                millimeters.                                                                                                                                                                                                                     |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **silt**                                                                 |   | A                detrital particle finer than *sand*,                and coarser than clay, commonly in the range 0.0039 to 0.0625                millimeters.                                                                                                                                                                                                                                                                                                 |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **slip**                                                                 |   | Relative                displacement of formerly adjacent points on opposite sides of a                *fault*                measured in the *fault*                surface.                                                                                                                                                                                                                                                                                  |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **sphalerite**                                                           |   | Zinc                sulfide, ZnS, the most common mineral of zinc.                                                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **stope**                                                                |   | A                stope is an underground excavation from which ore is                extracted.                                                                                                                                                                                                                                                                                                                                                                |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **strata**                                                               |   | Plural                of *stratum*.                                                                                                                                                                                                                                                                                                                                                                                                                            |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **stratabound**                                                          |   | Said                of a mineral deposit confined to a single *stratigraphic*                unit.                                                                                                                                                                                                                                                                                                                                                             |
|   |                                                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|   | **stratiform**                                                           |   | Said                of a type of *stratabound*                deposit in which mineralization constitutes, or is coextensive with,                one                or more rock layers.                                                                                                                                                                                                                                                                      |

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***Table            of Contents***

|   | **stratigraphy**                     |   | The                science of rock *strata*,                concerned with all characteristics and attributes of rocks as *strata*;                and their interpretation in terms of modes of origin and geological                history.                                                                                                                                                                                                                                                                                                                                             |
|--------|--------------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **stratum**                          |   | A                layer, or *bed*,                of *sedimentary*                rock, visibly separable from other layers above and                below.                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **strike**                           |   | The                direction of a structural surface as it intersects the                horizontal.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **strike-slip                fault** |   | A                *fault*                on                which the displacement is parallel to the *strike*                of                the *fault*.                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **solution                cavity**   |   | An                opening formed by chemical weathering, e.g. removal of *calcium                carbonate*                in                *limestone*by                carbonic acid derived from rainwater and carbon dioxide in the                atmosphere.                                                                                                                                                                                                                                                                                                                        |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **sulfide**                          |   | A                mineral compound characterized by the linkage of sulfur with a metal,                e.g.                iron to form pyrite, FeS2;                or lead to form *galena*,                PbS.                                                                                                                                                                                                                                                                                                                                                                          |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **surficial**                        |   | Pertaining                to or lying in or on the surface of the earth.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **syncline**                         |   | A                *fold,*generally                concave upwards, whose core consists of *stratigraphically*                younger rocks.                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **synsedimentary**                   |   | Said                of *sedimentary*                deposits in which the minerals formed contemporaneously with the                enclosing                rock.                                                                                                                                                                                                                                                                                                                                                                                                                         |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **Triassic**                         |   | The                first period of the Mesozoic** **era                of age between 250 and 204 million years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **tunnel                site claim** |   | A                tunnel site claim measures from the portal up to 3000 feet along                the                projected course of the tunnel, and up to 1,500 feet on either side                of the                tunnel.                                                                                                                                                                                                                                                                                                                                                       |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **Turonian**                         |   | Stage                in the Upper Cretaceous period of age between 88 and 91 million                years.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **ultramafic**                       |   | Said                of an igneous rock composed chiefly of *mafic*                minerals.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **unpatented                claim**  |   | May                refer to four types of claims: lode mining, placer mining, mill site,                or                tunnel site. The validity of a claim depends upon compliance with                all                applicable federal and state mining laws. A specific requirement                is to                file precise required documents and payment of $100 per claim with                the                U.S. Bureau of Land Management (“BLM”) each year otherwise the claim(s)                will be automatically and irretrievably voided. |
|   |                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|   | **vein**                             |   | Mineral                filling of a fault or other fracture in tabular or sheet-like                form.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

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