Half Year Report and Accounts
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Half Year Report and Accounts
Regarding the interim report as of 31 December 2024, the company has seen a loss of $2,054,224 after tax, which is an increase compared to the previous year. The company went through a transformative phase with a recapitalization, rebranding, and progress in exploration activities. This has positioned the company for financial growth in future quarters. The recapitalization involved raising $6.0 million, and trading on the ASX resumed with 102 million shares issued. The company also rebranded to Aureka Limited on 6 December 2024.
Exploration activities were planned at Irvine and Tandarra projects, with a focus on expanding gold projects. Geophysical reviews and drilling programs were outlined to further explore and refine potential targets. The Irvine Project at the Stawell Zone features a JORC-compliant Mineral Resource, while the Tandarra Gold Project is a joint venture with Catalyst Metals Limited.
Significant changes in board members and corporate transactions were highlighted, including the appointment of a new Non-Executive Chairman and the issuing of shares to settle liabilities. All financial statements have been reviewed and are in compliance with relevant regulations. No significant matters have arisen post-reporting period that would affect the company's operations or financial status. Shareholders are encouraged to engage with the company for any questions on the report.
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