Aurea Ora is a Ghanaian company preparing an application to the International Seabed Authority for a polymetallic nodule exploration contract in a reserved area of the Clarion‑Clipperton Zone. The reserved areas lie between 4,300 and 5,300 metres. Scroll, and you go down with them.
An applicant for ordinary seabed ground must submit an area large enough for two mining operations, divide it into two halves of equal estimated commercial value, and let the Authority take one. The half the Authority takes becomes a reserved area, open only to a developing State or an entity a developing State sponsors. Ghana is that State. This is not a loophole. It is the redistribution the Convention was built on. — UNCLOS Annex III, article 8; ISBA/19/C/17, regulations 15 and 17.
The entire additional requirement for a reserved-area application, in one sentence: a list of coordinates, and the applicant’s qualifications under regulation 17. No resource estimate is asked for. Five of the seven reserved-area applicants before us submitted none.
Prospecting is prohibited in a reserved area. Nobody may sample this ground before holding a contract for it — not us, not anyone. Sampling belongs to the first years of a contract, not to the years before one. The order is set by the framework, identically for every applicant.
A sponsoring State contributes no capital and carries no operational liability. It does carry a due-diligence obligation, discharged through adequate national legislation. We put that to Ghana before signature, not after. A State that discovers its exposure afterwards was misled, whatever the document said.
Eight statements. Each one is a thing we could be held to, and none of them is a forecast.
Aurea Ora Ltd is incorporated in the Republic of Ghana under the Companies Act 2019 (Act 992), registration CS118330626. A Ghanaian applicant, not a foreign vehicle with a Ghanaian address.
We are preparing an application to the International Seabed Authority for a polymetallic nodule exploration contract in a reserved area of the Clarion‑Clipperton Zone. We hold no contract and we conduct no operations.
A reserved-area application requires a sponsoring State. Ghana has not signed. That decision belongs to Ghana, on Ghana’s timetable, and nothing on this page presumes it.
No campaign has run. We hold no assay of our own, from any station, at any depth. A statement of fact, not of intent.
No mineral resource, mineral reserve or exploration target has been estimated for any Aurea Ora ground. None is stated or implied on this site or in any document we have issued.
An exploration contract confers no right to recover anything commercially. The Authority’s exploitation regulations do not yet exist, and no commercial recovery is possible until they do.
No public abundance measurement exists on the reserved-area ground we are working towards. Anything we say about what lies on it is a model output, and is labelled a model every time it appears.
No capital is committed. No instrument is signed. Any figure described elsewhere as committed should be read as proposed.
The Clarion‑Clipperton Zone is routinely called well characterised. It is not. Geological data submitted to the Authority has been held confidential since 2013, and the public record is far thinner than the industry’s language suggests.
Every publicly available nodule abundance measurement in the Zone, compiled from open repositories. Across roughly five million square kilometres. The newest of them dates from the 1980s.
Five of the twenty-three reserved blocks in the Zone contain one publicly available abundance measurement or more. Eighteen contain none at all. Anyone describing this ground from open sources is describing an interpolation.
The Authority’s own published assessment is that this dataset will not support a measured or indicated classification. That cuts both ways, and the second way matters more: nobody has classified a reserved block on that data alone.
A pre-revenue applicant has no production to judge. What can be judged is how it handles what it does not know.
The board is two directors, and all operational, technical and counterparty work rests with one of them. That is a material limitation and we disclose it under Risk rather than leave it to be found. We do not state the quorum here: two versions of the company’s constitution exist and we have not confirmed which was filed, so any figure we gave would be a number we cannot stand behind.
No tonnage, grade or resource without a qualified person’s signature under S‑K 1300. Gross in-situ metal value is never quoted, in any form, including per tonne.
Where we have published a figure that turns out to be wrong, we say so, say where it reached, and leave the correction standing. Withdrawing a number quietly is not a correction.
Every counterparty is checked against the published deep-seabed-mining moratorium endorser list before first approach. Parties on that list are not approached.
Ghana’s Criminal Offences Act 1960 and the Office of the Special Prosecutor Act 2017. No facilitation payments, in any jurisdiction, in any amount.
The precautionary approach as a direct obligation rather than a licence condition. Impact and preservation reference zones designed in from the first survey, per Regulation 31.
A code nobody can break is decoration. Each of these names the thing that would count as breaking it.
No tonnage, grade or resource without a qualified person’s signature. A model output is labelled a model every time it appears.
Corrections record what was wrong, where it reached, and how it was caught. Withdrawing a figure quietly is itself a breach.
Tonnage times spot price, before recovery, processing, royalty, time and discount, is not a valuation. It does not appear externally in any form.
Including the obligations. A State that discovers its exposure after signing was misled, whatever the document said.
Every approach goes to an address that came from correspondence or a published source. We do not guess an executive’s email from a pattern and call it outreach.
Using one party’s interest to move another is circular, and both sides can see it. It stays out of writing and out of the room.
Against the moratorium endorser list, every time. An unscreened approach is a breach even where the party turns out to be clear.
No facilitation payments, no gifts to officials, no exception for local custom — in Ghana, at the Authority, or anywhere else.
Owed independently of the licence, including where compliance is unobserved and would not be detected.
Anyone reading our own materials should be able to tell how much of this is still unproven. If they cannot, the materials are wrong.
Ghana has not signed. Without a sponsoring State there is no application — and sponsorship can be withdrawn after it is given. There is precedent, without a cure period.
We have none and cannot obtain one before a contract. Prospecting in a reserved area is prohibited, so resource work follows award, not the reverse.
The venture is not funded. No instrument is signed and no funds have cleared.
Ghana has no domestic seabed law. Tribunal authority holds this is not a condition precedent to a contract, but it is what discharges the State’s liability. Drafting and passage runs 18–30 months and has not begun.
The exploitation regulations do not exist. No commercial recovery is possible under current rules, and the terms on which it eventually will be — including the royalty regime — are unsettled.
The venture depends on one person. The board has two directors, but all operational, technical and counterparty work rests with one of them. There is no deputy and no second point of contact for any counterparty.
Deep-seabed mining is contested. Forty-six States now support a moratorium or precautionary pause, alongside a growing group of companies and financiers. That constrains which counterparties are open to us, and may constrain the activity itself.
Timelines are long and largely outside our control. Applications sit with the Authority for periods measured in years, and the Council’s composition changes across that window.
A Ghana-incorporated company preparing an application to the International Seabed Authority for a polymetallic nodule exploration contract in the Clarion–Clipperton Zone, with Ghana as sponsoring state. No ground has been sampled, and no resource has been estimated. This page says what stage the work is at and what the money does. It is not an offering.
Where the company actually stands, in plain terms.
The most useful thing a pre-discovery company can publish is the list of things it has not established. Every line here is a deliberate absence.
No mineral resource, mineral reserve or exploration target has been estimated for any Aurea Ora ground under JORC, NI 43-101, S-K 1300 or any other code, and none is stated or implied anywhere on this site.
We publish no tonnage, no contained-metal figure and no in-situ value. Composition figures elsewhere on this site are published third-party analyses of other people's nodules, presented as such.
No revenue, NPV, IRR or return figure appears here. Forward-looking financial information for a company at this stage cannot be reasonably estimated, and publishing it would be misleading rather than informative.
The block we are looking at contains no public abundance measurement at all. Not one. Any figure we hold is interpolated from stations outside it, and its eastern edge sits on the boundary where the published survey data stops, where the contours are weakest. It is an extrapolation, it is the first thing sampling would test, and it may be wrong.
Not an exhaustive list, and not the version that appears after the good news.
Any offering of securities is made privately, to eligible investors, under the applicable exemption, and only by means of definitive documents. Nothing on this page forms part of those documents, and no terms of any offering — size, price, structure or instrument — are stated here or will be.
Not an offer. This page is for information only. It is not an offer to sell, or the solicitation of an offer to buy, any security, and it is not a prospectus, private placement memorandum or offering document in any jurisdiction. No securities regulator has reviewed it. Any offering will be made only to eligible investors, in reliance on an available exemption, and solely by means of definitive documents that will supersede everything said here.
No resource, no target, no projection. No mineral resource, mineral reserve or exploration target has been estimated for any Aurea Ora ground, and none is stated or implied. This page contains no forward-looking financial information. Statements about timetable and intent are objectives, not commitments, and depend on matters outside the company's control — including sovereign decisions, the adoption of the ISA Mining Code, vessel availability and the results of sampling that has not yet taken place.
© 2026 Aurea Ora Ltd. Registered in Ghana, CS118330626.