Highly successful $3.6m placement adds second drill rig 2025

Aureka Limited successfully completed a $3.6 million share placement to support ongoing exploration efforts, including the addition of a second diamond drill rig. This placement reflects strong investor confidence in the company's strategy and recent momentum in exploration activities. Aureka has made significant progress in various projects, such as the flagship Stawell Corridor, Irvine Project, and St Arnaud Comstock Project. The funds will also be used for licensing agreements, mill advancements, and working capital.

The company received firm commitments from existing and new investors and the board of directors also participated in the placement. Alpine Capital acted as the Lead Manager for the placement. The shares were issued at a price representing an 11% discount to the 15-day VWAP. The company is thankful to its supporters for their continued backing.

This successful placement positions Aureka well for 2026, with sufficient funds to operate two diamond drill rigs. Shareholders are reminded of ongoing drilling activities at the Irvine Project. The company remains committed to creating lasting value from its gold exploration projects in Victoria. Investors are encouraged to ask questions or seek further information on our website.