Strategic Land Purchase at Irvine Project
Released 23 Mar 25
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Announcement summary
Strategic Land Purchase at Irvine Project
Aureka Limited is pleased to announce the strategic acquisition of 97 hectares of land surrounding its Irvine Project in the Stawell Gold Corridor. This purchase solidifies our commitment to the project, ensuring long-term access, reduced exploration costs, and flexibility for future infrastructure development. The $2.2m land acquisition aligns with our capital-light strategy, minimizing impact on our cash balance.
This move demonstrates our confidence in the Irvine Project as one of Victoria's largest undeveloped gold resource projects. It allows for a permanent on-site presence, flexibility in exploration programs, and future infrastructure options. The ongoing diamond drilling program at Irvine is progressing well, providing the confidence to proceed with the land purchase agreements and long-term planning.
We are committed to sustainable community practices and have engaged in discussions to ensure responsible land management. The purchase price was assessed by independent advisors and is within market range. For more information, visit our website or contact our Managing Director, James Gurry. We look forward to continuing our exploration efforts and unlocking the full potential of Victoria's high-grade gold resources. Feel free to reach out with any inquiries or questions about this announcement.
This summary was generated by AI. We recommend reading the announcement in full before making an investment decision.
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