St Arnaud Maiden JORC MRE and Exploration Target - Amended
ASX ANNOUNCEMENT
13 JUNE 2025
Amended ASX Announcement
Aureka Limited (ASX: AKA) (Aureka or the Company) attaches an amended version of the St Arnaud
Maiden JORC MRE and Exploration Target released announced on 26th May 2025.
The following changes have been made:
1. Clarification regarding the Competent Person responsible for the information disclosed – page
16.
2. Inclusion of a summary of the relevant information required under LR 5.8.1 for the reported
Inferred Mineral Resources Estimate – pages 10 to 13.
3. Clarification on the economic amounts of silver noted as an Exploration Target ranges – page 2.
4. Inclusion of the proposed exploration activities intended to test the Exploration Targets, along
with indicative timeframes for their completion – page 27.
5. Inclusion of the Plan Map of the Comstock MRE, with current and planned drilling – page 34.
This announcement has been approved for release by the Company Secretary.
Mr Mathew Watkins
Company Secretary
Aureka Limited
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ASX ANNOUNCEMENT
13 JUNE 2025
ST ARNAUD MAIDEN JORC RESOURCE INCREASES
AUREKA’S GLOBAL GOLD INVENTORY AND EXPLORATION
TARGET RANGE
HIGHLIGHTS
Aureka’s historic 120 drill holes at the Comstock pit St Arnaud yields Maiden Inferred JORC
Resource, and increases Aureka’s global JORC Resources by 19% from 304koz to over 360koz
and adds an additional Exploration Target range to its portfolio.
St Arnaud Comstock Mineral Resource Estimate 1.45Mt at 1.2g/t Au for 56,500 oz gold within
historically mined open pit. In addition, an Exploration Target around the Resource has been
defined for 112,000 oz to 116,000 oz gold.
Potential for gold mineralisation to extend at depth and along strike of open pit – this shall
be tested by Aureka’s current drill program at Comstock. Mining operations ceased in the
1990s with high grades produced up to 50 g/t per tonne.
The historic mine is located within a fenced off public reserve and may lend itself to a more
favourable permitting process compared to greenfield sites. A number of third-party owned
processing mills are located within trucking distance of Comstock.
Aureka is currently undertaking diamond drilling at Comstock with potential to add to this
maiden inventory figure later in the year.
Aureka Limited (ASX: AKA, “Aureka”, “the Company”) is pleased to announce the Maiden JORC
Resource and Exploration Target for the Comstock Prospect within the St Arnaud Project area (AKA 100%
owned).
The St Arnaud – Comstock Prospect is located in Western Victoria, 65km northeast of Stawell and 90km
west of Bendigo, and was last mined in the 1990s.
A maiden JORC Mineral Resource of 1.45M tonnes at 1.21g/t Au for 56,500 oz gold has been determined
and additionally, an exploration target around the inferred resource has been estimated to range
between 3.0Mt and 3.5Mt, at grades 1.2g/t to 1.0g/t resulting in an exploration target range estimate of
112koz to 116koz of gold, and potentially economic amounts of silver at a grades of 1.9g/t to 2.02g/t Ag
for total of 195koz to 214koz silver
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St Arnaud increases Aureka global gold inventory
The additional JORC Resource and Exploration Target results in a meaningful lift in Aureka’s already
substantial gold inventory that until now was made up of only the Irvine Project in the Stawell Corridor.
The addition of the St Arnaud Comstock MRE increases the global gold inventory of Aureka’s project
portfolio by 19% from 304,300 oz to 360,800 oz, and adds a further Exploration Target has been defined
for 112,000 oz to 116,000 oz gold, which diversifies the Company’s gold production potential by adding
another project with potentially economic inventory of gold.
Table 1 – Aureka’s Updated Global Mineral Resources
Prospect
Inferred
Cut-Off
Gold (g/t)
Tonnes
Gold Grade (g/t)
Gold Ounces
Resolution Open Pit
>0.6
1,754,000
2.09
118,000
Adventure OP
>0.6
680,000
1.85
40,300
OP Irvine (Stawell)
>0.6
2,434,000
2.02
158,300
Resolution UG
MSO
1,455,000
3.12
146,000
Total Irvine (Stawell)1
Variable
3,889,000
2.43
304,300
Comstock (St Arnaud)
>0.5
1,450,000
1.21
56,500
Total All Projects
Various
5,339,000
2.10
360,800
The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are dry metric tonnes. Minor discrepancies may occur
due to rounding to appropriate significant figures.
Table 2 – Aureka’s Global Exploration Target Totals
Prospect
Exploration Target Range
Tonnes (Mt)
Gold Grade (g/t)
Gold Ounces (k Oz)
Resolution
2.4 - 3.6
2.0 - 3.0
200 - 300
Adventure
1.0 - 1.6
2.0 – 3.2
80 - 120
Total Irvine (Stawell)
3.4 – 5.2
2.0 – 3.0
280 – 420
Comstock (St Arnaud)
3.0-3.5
1.2-1.0
112-116
Total All Projects
6.4-8.7
3.2-1.0
392-536
*The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to
estimate a Mineral Resource in relation to this Exploration Target. It is uncertain if further exploration will result in the estimation
of a Mineral Resource in relation to these Exploration Targets
1
ASX Announcement: Maiden Mineral Resource for Stawell Corridor Gold Project - 30 March 2021.
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Early JORC declaration demonstrates underlying value within Aureka’s large portfolio
When Aureka resumed activities in late 2024, it did so with one of Victoria’s largest portfolios of advance
stage exploration and pre-development gold projects. The initiative for Aureka to commission and deliver
the St Arnaud Comstock MRE on existing data in the current favourable gold price environment,
demonstrates the determination to fully exploit the hidden pockets of value within the project portfolio.
Current and most recent drill programs at Comstock, St Arnaud
As announced on the 10th of April, Aureka has recently commenced a diamond drilling program at St
Arnaud. An initial 4 hole, 1,400 metre program is underway along strike and adjacent to the old Comstock
pit with drilling on schedule and progressing as planned. If successful, these initial drill holes and any
other follow up programs over coming months may enable an update of the Maiden JORC Resource and
Exploration Target for the Comstock Prospect.
Figure 1: Current drilling program at Comstock St Arnaud.
The most recent program prior to the 2025 campaign was a 17-hole program reported on 21 January
2022 that included highlights (ASX Release: Broad gold zones in first holes on Nelson Line at St Arnaud
21 January 2022):
1.0 metre at 13.9 grams per tonnes (g/t) gold within a broader zone of 25.3 metres at 1.7 g/t
gold from 157.7m (NED008)
4.6 metres at 3.2 g/t gold & 26.9 g/t silver from 194m (NED009)
4.0 metres at 2.4 g/t gold & 15.9 g/t silver from 165.8m (NED010)
8.3 metres at 2.1 g/t gold & 1.6 g/t silver from 266.7m (NED011)
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"It is very pleasing, in this strong gold price environment, to be able to define an inferred JORC
Resource and Exploration Target for the previously mined open pit at Comstock so soon after we
have resumed activities. This has added to our inferred JORC inventory with an additional
exploration target across our projects, and demonstrates our ability to deliver value for
shareholders from within our portfolio of advanced stage exploration projects.
As announced on 10 April 2025, we have also recently begun drilling at St Arnaud to uncover
more of the potential gold that lies within the Comstock pit area. If these and future drill holes
prove successful, we look forward to potentially adding to this maiden JORC Resource and
Exploration Target later in the year. "
- James Gurry, Managing Director
Initial Mineral Resource at St Arnaud – Comstock Prospect
Aureka is pleased to announce a Maiden JORC Resource and Exploration Target for the Comstock
Prospect at the St Arnaud Gold Project (100% Aureka). Earlier in 2025, Aureka recognised the extent of
previous drilling data available which, in the current economic climate, has been sufficient to determine
a maiden JORC Mineral Resource Estimate and Exploration Target for the prospect just when the market
is looking for deposits with near term production potential.
Comprising drilling data from air core (AC), reverse circulation (RC) and included 27 diamond drill (DD)
holes. The most recent drilling was reported in January 2022 after drilling on the southern and northern
edges of the Comstock pit (17 diamond drill holes). In April 2025 Aureka engaged a third-party consultant
to undertake a Mineral Resource Estimation (MRE). Resource estimation has been completed on the
interpreted mineralised areas and the ore contained within the historically mined Comstock Pit has been
depleted, Results of the model based on the mineralised trends are outlined below:
Table 3 - Comstock Mineral Resources
Cut-Off
Prospect
Gold
Inferred
Tonnes
(g/t)
Comstock (St
>0.5
Gold Grade
Gold
Grade
Silver
(g/t)
Ounces
(g/t)
(oz)
silver
1,450,000
1.21
56,500
2.14
100,00
Arnaud)
The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (JORC Code) 2012 Edition. All tonnages reported are dry metric tonnes. Minor discrepancies may occur
due to rounding to appropriate significant figures.
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This is an independent MRE conducted by third party consultant and has been completed under the
provisions of JORC 2012 guidelines.
The information in this release that relates to the Estimation and Reporting of Mineral Resources has been compiled by Mr.
Daniel Brost BSc (Economic Geology) - MSc (Mine Engineering). Mr. Brost is not employed by Aureka Limited and has acted as
an independent consultant on the Comstock Prospect Mineral Resource estimation. Mr. Brost is a Chartered Professional
Geology and a Member of the Australasian Institute of Geologists (#221836) and has sufficient experience with the style of
mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(The JORC Code). Mr. Brost consents to the inclusion in this report of the contained technical information relating the Mineral
Resource Estimation in the form and context in which it appears.
In addition, an Exploration Target* has also been delineated through increased geological knowledge
gained from recently completed diamond drilling campaigns, Table 2.
Table 4 – St Arnaud, Comstock Prospect - Exploration Target*
Exploration Target*
Prospect
Comstock (St
Arnaud)
Range
Tonnes
Gold
Gold
Silver
Silver
(Mt)
Grade
ounces (k
Grade
ounces (k
(g/t)
Oz)
(g/t)
Oz)
Lower
3.0
1.2
116
2.02
195
Upper
3.5
1.0
112
1.90
214
*The potential quantity and grade of the Exploration Target is conceptual in nature and there has been insufficient exploration to
estimate a Mineral Resource in relation to this Exploration Target. It is uncertain if further exploration will result in the estimation
of a Mineral Resource in relation to these Exploration Targets
The information in this release that relates to the Estimation and Reporting of Exploration Target* has been compiled by Mr.
Daniel Brost BSc (Economic Geology) - MSc (Mine Engineering). Mr. Brost is not employed by Aureka Limited and has acted as
an independent consultant on the Comstock Prospect Mineral Resource estimation. Mr. Brost is a Chartered Professional
Geology and a Member of the Australasian Institute of Geologists (#221836) and has sufficient experience with the style of
mineralisation, the deposit type under consideration and to the activities undertaken to qualify as a Competent Person as
defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves
(The JORC Code). Mr. Brost consents to the inclusion in this report of the contained technical information relating the Mineral
Resource Estimation in the form and context in which it appears.
Using a cutoff grade of 0.5g/t gold, total of 1.45Mt of ore at grade 1.21g/t has been defined for contained
gold of 56.5koz. In addition to the gold, Comstock contains potentially economic amounts of silver at a
grade of 2.14g/t for a total of 100koz of silver.
All drilling on the prospect was completed by prior lease owners and under the previous name Navarre
Minerals Limited (ASX:NML), before the Company was relaunched as Aureka Limited (ASX:AKA) under
new management. The Comstock Prospect drillhole database contains 120 drillholes, including 27
diamond (DD), 23 air-core (AC) and 70 reverse-circulation (RC) drillholes for a total of 13,512m of drilling
which have been used in this MRE. The data spacing within the prospect has been designed and drilled
on a nominal 50m x 50m drill grid.
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Potential path to production
St Arnaud Gold Project and the Comstock pit lies within trucking distance to a number of gold
processing plants in Victoria. With the current strong gold price environment Aureka intends to begin
community, scoping and regulatory approval work to plan for a productive future at Comstock and the
St Arnaud gold field.
Figure 2: Comstock Pit following the Comstock Shear that was historically mined
Figure 3: Examples of high-grade drill intercept from Comstock Prospect (NED009). 1
1
ASX Release: Broad gold zones in first holes on Nelson Line at St Arnaud 21 January 2022
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Figure 4: Historical drill results at Comstock within the Nelson Line. 1
Figure 5: Comstock resources area with mineralisation trends and core drill hole traces.
1
ASX Release: Maiden Diamond Drilling on St Arnaud’s Nelson Line Intersects Broad Gold and Silver Mineralisation 21 January 2022 - modified from figure 4.
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Figure 6: 3D image interpreting Comstock Shear incorporating Comstock Vein in purple and Walker
Vein in yellow.
Figure 7: St Arnaud Comstock Project relative location to a number of gold processing mills in Victoria.
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Information Required By Listing Rule 5.8.1
Geology and Geological Interpretation
St Arnaud district sits on the eastern margin of the Stawell Geological zone of the Lachlan Orogen. The
Saint Arnaud Group metasediments are unfossiliferous, quartz rich turbidites and are assumed to be
Cambro-Ordovician in age. The Comstock prospect is located within the historic St Arnaud Goldfields
along the Nelson line of reef and is situated ~2km north of the township of St Arnaud.
The local geology consists of a package of tightly folded turbidites with distinct shale and sandstone
layers of varying thicknesses. The area is dominated by a NNW trending, west dipping fault/shear zone
known as the Comstock Shear. The shear zone is interpreted to lie within the hinge zone of a large-scale
syncline and is confined by a wide, shale dominant zone of sediments. Shale directly adjacent to the
shear zone tends to be highly carbonaceous and very dark grey to black in colour. Course euhedral pyrite
crystals seem to be syngenetic to this carbon rich zone of fine sediments, quartz veining is associated
with gold mineralisation and is massive to stylolitic in texture.
Primary gold mineralisation at St Arnaud is hosted within quartz veins which are structurally controlled
within very complex structural domains associated with folding and NNW trending, west dipping thrust
faults. Gold mineralisation is hosted by quartz reef systems within brittle fractures and faults and can
extend from a few metres long to a few kilometres along strike but usually a few hundred metres. These
NNW trending reefs have steep, southerly pitching gold shoots.
The mineralisation has a base metal signature of Au + As + Ag + Pb. In historical records, the gold ore was
characterised by a relatively high sulphide content up to 5% pyrite, chalcopyrite, arsenopyrite, galena
and silver. Most of the mines stopped at the oxide-sulphide interface due to reduced grade and poor
recoveries from sulphide ores.
The quartz reef systems can extend for a few metres to a few kilometres along strike but are usually a
few hundred metres strike length. There appears to be an association with green-black carbonaceous
shales and higher gold grades.
Sampling and Sub-sampling Techniques
Air Core holes are routinely sampled at 1 m intervals downhole directly from a rig mounted cyclone. Subsamples for assaying are generated from the 1 m preserved samples and have been prepared at the drill
site by a spear sampling method, based on logged geology and mineralisation intervals. Sub-samples are
taken at 1m intervals through the mineralised zone or as composites of 2m intervals through the rest of
the hole.
Reverse Circulation samples were collected every two metres through a cyclone and automatically split.
The bulk sample was directed to a polypropylene bag and an assay sample was directed into a calico bag.
Each two-metre interval drilled provided approximately 24 kg. (average) to the bulk sample bag and 2 kg.
(average) to the assay sample bag. Samples for assay were bagged, numbered, and sealed on site.
Diamond core samples are selected on geological intervals varying from 0.3m to 1.3m in length. All drill
core is routinely half core sampled (usually on the right of the marked orientation line) with a diamond
saw.
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Drilling Techniques
Air Core (AC) Drilling
AC drilling has been carried out using a Wallis Mantis 80 AC rig mounted on a Toyota Landcruiser base.
The AC rig used a 3.5” blade bit to refusal, generally just below the fresh rock interface.
Reverse Circulation Drilling
RC drilling has been conducted using a track-mounted drill rig; 400psi 900cfm compressor and booster;
auxiliary compressor where dictated by water in-flows. The RC rig used a 4” diameter RC hammer with
110mm button bit to progress the hole to design depth or where groundwater inflows compromise
sample quality.
Diamond Core Drilling
Diamond drilling has been conducted using Deepcore track-mounted LM90 and LF130.
Pre-collars have been drilled to solid bedrock using an HWT (114.3mm) drill bit followed by diamond
coring with a diameter of 63.5mm (HQ)
Diamond drilling of HQ3 (triple-tube) is undertaken to ensure maximum core recovery.
Drill core has been orientated with a Reflex ACT III core orientation tool then continuously marked with
a line while on an angle iron cradle.
Sample Analysis Method
Recent RC and Diamond Core sample preparation is undertaken by ALS, Adelaide, SA. Samples are dried
at 90C for 6-12 hours, crushed with hammer mill to 70% passing 6mm, split using a riffle splitter and
pulverised up to 3kg to 85% passing 75 microns. An 250g analytical split is sent to ALS Perth, WA for gold
analysis.
Analysis for gold is undertaken at ALS Perth, WA by 50g Fire Assay with an AAS finish to a lower detection
limit of 0.01ppm gold using ALS technique Au-AA26. Fire Assay is considered a total digest method.
ALS also conducted a 35 element Aqua Regia ICP-AES (method: ME-ICP41) analysis on each sample to
assist interpretation of pathfinder elements.
No field non-assay analysis instruments have been used in the analyses reported.
A review of certified reference material and sample blanks inserted by the Company indicate no
significant analytical bias or preparation errors in the reported analysis.
Internal laboratory QAQC checks are reported by the laboratory and a review of the QAQC reports
suggests the laboratory is performing within acceptable limits.
Resource Modelling and Estimation Methodology
The Comstock mineralised structures are interpreted to occur on the footwall and hanging-wall sides of
a 20 – 50-metre-wide shear zone that is roughly the attitude of the open cut. They have a very steep > 700 dip and undulate back to -900 to the east. The development of ore shoots is important as they can
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localise the higher-grade gold zone, however they can be difficult to model due to the short scale of the
structures.
A total of four mineralised gold domains have been interpreted based on drill hole logging and assay
results. The domains are roughly reflecting the 0.5 g/t gold cutoff. Separate higher-grade sub-domains
have been defined within the main Comstock Shear domain. These domains, have been combined during
the geostatistical analysis and separated for grade estimation.
Continuity of geology can generally be traced from section to section using geochemical and visual
attributes. Area shear mineralisation extends for 1,200m along strike, from outcrop to the deepest
drilling ~350m below surface.
The database files, geological and mineralisation wireframes have been imported into Maptek Vulcan
software v9.0 for use in the estimation. The resource database has been flagged with unique domain
codes as defined by the geology and mineralisation wireframes and composited to 1m using the best fit
algorithm in Vulcan.
A block model has been constructed covering the extents of the deposit with a parent block size of 12m
(X) by 12m (Y) by 12m (Z) utilised. A sub block size of 2m (X) by 2m (Y) by 2m (Z) has been used to define
the mineralisation edges with the estimation undertaken at the parent block scale. The parent block size
is considered appropriate for the drillhole spacing defining the mineralisation.
Composite data within the resource database was assessed for the need of a top-cut to be applied to
data prior to grade estimation. The determination of a high-grade cut is made on the basis of probability
plots and ranked data values. A 30 g/t top-cut for gold was applied due to the outliers and the grade
cutting only affected 3 composite intervals. These top-cuts are conservative, with a very low impact to
the overall mean grade.
Grade estimation of gold and silver has been completed using Inverse distance weighted to the power of
two (ID2) into four gold- silver domains. Dynamic anisotropy has been used to orientate the search ellipse
according to the dip and strike of the individual domains.
Grade estimation was caried out in numerous passes on the individual lode/ vein and shear
interpretation solids. For the MRE calculation (Passes 1-4) were used and for the Exploration Target
generation Passes (5-6)were used. Blocks estimated in previous passes were not re-estimated in
subsequent passes.
Visual comparison of composite sample grade and block grade has been conducted in cross-section and
in plan. Visually the block model reflects the input composite grades. Also utilised were a global
comparison of the average composite and estimated block grades, and moving window averages
comparing the mean block grades to the composites.
Cut-Off Grades
Statistical analysis of the length weighted gold grades at Comstock indicated a transition from unmineralised to mineralised at around 0.2 g/t gold. This threshold value was considered too coarse, and
the grade shells were constructed at a higher 0.5 g/t gold cutoff and used as the basis for the
interpretation and initial modelling of the mineralisation. Up to 5 m of internal waste have been included
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to account for the un-mineralised to mineralised contacts and
ensure continuity between intercepts
along strike and down dip.
Mining and Metallurgical Methods and Parameters, and other modifying factors considered to
date
No mining factors or assumptions have been made for the MRE. Resource tonnes are expressed as insitu. No Metallurgical or metal recovery studies have been completed.
Mineralisation at Comstock is expected to be suitable for open cut mining and likely underground mining
for deeper resources. The deposit is located in a well-established mining region and is in close proximity
to exiting transport, energy and other support infrastructure.
Criteria for Classification
The classification considers the relative contributions of geological and data quality and confidence, as
well as grade confidence and continuity. The resource classification has been applied to the Mineral
Resource estimate based on the drilling data spacing, grade and geological continuity, and data integrity.
No areas of the in situ Mineral Resource satisfied the requirement to be classified as Measured Mineral
Resources.
No areas of the in situ Mineral Resource satisfied the requirement to be classified as Indicated Mineral
Resources.
Inferred Mineral Resources are informed by drilling spaced from 60 m by 60 m. In general, the Inferred
classification is inclusive of blocks estimated on the first, second and third passes. Inferred Mineral
Resources have been informed by drilling spaced at 60m anisotropic distances, by search definition in
the informed areas and above the 0 RL. Inferred criteria includes >= 2 samples and >=2 drillholes at a
minimum. In general, the Inferred classification is inclusive of blocks estimated on the first, second and
third second pass’s and forms a boundary between interpolation and extrapolation of the input data. Inf
The classification reflects the view of the Competent Person for this type of mineralisation.
St Arnaud Goldfield background
The St Arnaud Gold field was mined from the mid-1850s to the early 1900s, producing approximately
400koz Au at an average grade of 15g/t1. The most significant production was from the Lord Nelson
Shaft which reached a depth of 786m2. Gold is hosted within quartz reef systems that have developed in
steeply west dipping thrust faults proximal to a fold hinge, similar to the Fosterville Gold Mine.
The St Arnaud Project is located in the Stawell Structural Zone with the St Arnaud Fault in the east and
Percydale Fault in the west, which are both prospective for orogenic gold mineralisation. Previous
exploration programs by the Company have upgraded the priority of the Nelson and New Bendigo Lines.
The St Arnaud Gold Project is considered highly prospective for the discovery of orogenic and intrusiverelated gold. EL006819 overlies the historic St Arnaud goldfield where extensions to known
mineralisation present key targets. The quartz reef systems can extend for a few metres to a few
kilometres along strike but are usually a few hundred metres strike length.
1
2
St Arnaud 1:100 000 Map Area Geological Report No 110, Department of Natural Resources and Environment Victorica, 1997.
ASX Release: High-grade gold in new reef at St Arnaud 16 August 2021
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Figure 8: Location of the Comstock Project within EL 6819
This announcement has been approved for release by the Board of Directors.
For further information, please visit www.aureka.com.au, or contact:
James.Gurry@aureka.com.au
Managing Director
Ph: (03) 9692 7222
peter@nwrcommunications.com.au
Investor and Media Relations
Ph: 0412 036 231
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Our Projects
3
Significant
Gold
Exploration
Projects
360,800oz
Inferred Gold Resource Potential
392 – 536koz Exploration Target
The largest portfolio of advanced
exploration projects in Victoria.
stage
Aureka Limited (ASX: AKA) owns a portfolio of advanced
stage high grade gold projects across Victoria. The
company acknowledges and thanks the traditional
owners and local communities where we work. The
company's strategy is continuous exploration to uncover
more of Victoria's high-grade gold and work with
neighbouring producers and strategic investors to
advance projects toward development.
Stawell Corridor
Aureka's flagship Irvine Project hosts a large, inferred
Mineral Resource (304koz at 2.43g/t) and additional
Exploration Target (280-420koz, 2-3g/t) on the margins
of a basalt dome only 20km from the operating Stawell
Gold Mine (~five million ounce)1. The Company is
currently diamond drilling the Resolution lode at Irvine to
extend the resource down plunge as well as infill drilling
with a view to an update the Resource in 2025. Irvine
highlight drill results include: 5.0m @ 10g/t, 9.4m @
5.3g/t and 10.8m @ 4.5g/t.2
Board
Tandarra Gold
Aureka owns a 49% contributing interest in the highgrade Tandarra Gold Project, only 50km northwest of
Agnico Eagle's world-class Fosterville Gold Mine, and
40km north of the 22-million-ounce Bendigo Goldfield.
The project is subject to annual drilling campaigns as it
advances toward a maiden Resource. Tandarra
highlight results include 9m @ 14.8g/t, 12.9m @
33.1g/t, 3.40m @ 5.97g/t Au.3
St Arnaud
Aureka's tenements encompass the historical St Arnaud
Goldfield and its associated mines including the
Comstock area which contains a declared JORC Mineral
Resource of 1.45Mt @ 1.21g/t Au for 56.5koz gold and
an exploration target around the inferred resource
3.0Mt and 3.5Mt, at grades 1.2g/t to 1.0g/t for 112koz
to 116koz of gold and potentially economic amounts of
silver. St Arnaud highlight results 9m @ 6.1g/t, 4m @
3.0g/t, 20m @ 1.8g/t , 6.2m @ 3.7g/t.4
Contact Us
Graeme Hunt
Non-Executive Chairman
Phone
+61 3 9692 7222
Email
info@aureka.com.au
James Gurry
Managing Director
Head Office + Postal Addre
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