Newly Identified High Grade Silver Component to St Arnaud
25 FEBRUARY 2026
NEWLY IDENTIFIED HIGH GRADE SILVER
COMPONENT TO ST ARNAUD COMSTOCK
ST ARNAUD – COMSTOCK PROJECT UPDATE
• Aureka Limited (ASX: AKA, Aureka or the Company) is pleased to announce high-grade gold
assays and newly identified along strike significant silver mineralisation at the St Arnaud
Comstock project, located in Central Western Victoria. The St Arnaud Comstock Project is a
previous mine site with last production in 1995 that lies within the greater St Arnaud gold fields
that historically produced 400koz at an estimated 15g/t Au1
.
• Diamond hole 25NED004 intercepted significant zones of both gold and silver mineralisation,
including the highest-grade silver hit on the project to date:
▪ 0.3m @ 650g/t silver and 1.91g/t gold from 192m,
• Visible gold mineralisation intercepted within hole 25NED007 was reported in late December
20252
with the associated assays returning:
▪ 0.3m @ 31.5g/t Au from 127.5m.
• These results demonstrate Comstock has the potential to deliver economic high-grade gold
and silver from new structures proximal to, and potentially accessible from, the existing
Comstock pit. The visible gold within hole 25NED007 was intersected near surface at
approximately 140m west of the Comstock Fault, characterising a new mineralised structure
sub parallel to the 56.5Koz inferred JORC Resource3
and approximately. 125m vertically from
surface.
• These results build on the previously reported 2025 diamond drilling program at Comstock
undertaken by Aureka, which included:
○ 25NED0024
with standout results north of the pit: 1m @ 65.37g/t gold (Au) from 116.2m
▪ including 0.3m @ 109g/t and 0.4m @ 65.4g/t,
○ 25NED0015
with standout intercept 6.9m @ 4.24g/t Au from 422m,
▪ incl. 0.75m @ 18.6 g/t Au from 422.1m and 0.6m @ 19.9g/t Au from 435.9m0.75m @ 18.6
g/t Au from 422.1m and 3.2m @ 4.71g/t Au from 434.0m
▪ (incl. 0.6m @ 19.9g/t Au from 435.9m)
1
St Arnaud historical production taken from: Krokowski de Vickerod, J., Moore, D.H. and Cayley, R.A., 1997
2
ASX Release, 22 Dec 2025: St Arnaud Comstock – Shallow Visible Gold in New Structure
3
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target - Amended
4
ASX release, 20 Nov 2025: St Arnaud Comstock – High grade assays
5
ASX release, 24 Jul 2025: Multiple high-grade gold intercepts at St Arnaud Comstock.
25 FEBRUARY 2026
Figure 1: Microscope image of quartz hosted Galena-Sphalerite-Chalcopyrite-Pyrite aggregates hosting Au and
Ag mineralisation (0.3m @ 1.91g/t Au and 650g/t Ag from 192m) reported for the first time in this release hole
25NED004.
6
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target - Amended
Management
Comment
“It is great to see the St Arnaud Comstock growing on
multiple fronts, to the north as reported in November,
to the west as reported in December and now growing
in metal diversity with high grade silver intercepts. This
growth is taking shape at a time when the Company is
actively progressing commercialisation options for
Comstock.“
- James Gurry, Managing Director
Exploration
Manager
Comment
“Again, the most recent gold intercepts are beyond
the current maiden 56Koz Au inferred JORC Resource6
and continue to reinforce the prospectivity of the
Comstock project. With continued high graded gold
intercepts and now demonstrated high grade silver
grades, Comstock has the potential to provide
increased economic optionality as the team explores
and develops functional pathways to near-term small-
scale production.”
- Jozef Story, Exploration Manager
25 FEBRUARY 2026
Cautionary Statement
The potential quantity and grade of the Exploration Target set out in Table 1 and Table 2 of this release are
conceptual in nature and was reported in 2021 (Irvine) and 2025 (St Arnaud). There has been insufficient exploration
to estimate a mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral
Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of JORC Code.
St Arnaud – Comstock - newly identified high grade silver
• Aureka Limited (ASX: AKA, Aureka or the Company) is pleased to announce high-grade gold
and along strike significant silver mineralisation the St Arnaud Comstock project, located in
Central Western Victoria. Results reported within this announcement pertain to assays from
25NED007 and 25NED004, drilled in 2025 as a part of the total 2,253m diamond drilling
program, recently received.
• Significant zones of mineralisation intersected within 25NED004 are associated with a wide
planar quartz vein with abundant large aggregates of galena sphalerite chalcopyrite and
pyrite, including:
▪ 0.3m @ 650g/t silver and 1.91g/t gold from 192m,
▪ And 0.42m @ 8.5g/t Au and 22g/t Ag from 186.4m.
• The high-grade silver and moderate gold intercept within 25NED004 occurs within
subparallel bedding planar quartz vein within a massive sandstone, footwall to a newly
interpreted Comstock Basal fault. This structure has not been tested by any previous drilling
and can be projected to surface north of the Comstock Pit.
• This mineralisation is consistent with previously reported high grade gold and silver
intercepts in Comstock, for example in NED0097
:
o 1m @ 2.96 g/t Au, 59.2 g/t Ag from 194.65 m, and
o 0.55 m @ 10.9 g/t Au, 52.8 g/t Ag from 195.65 m.
• Mineralisation intercepted in hole 25NED007 is associated with previously reported visible
gold intersected near surface approx. 140m west of the Comstock Fault8
, characterising a
new mineralised structure sub parallel to the 54Koz inferred JORC Resource9
and approx.
125m vertically from surface.
▪ 0.3m @ 31.5g/t Au from 127.5m.
• Both intercepts are within the defined Exploration Target area and outside of the maiden
56Koz resource, reported in June 20259
and continue to support the ongoing exploration
upside and potential to significantly grow the current resource and deliver a pipeline to
near-term small-scale production (refer Tables 1 & 2, page 13).
• Aureka’s St Arnaud Comstock pit is a previous mine site (last production 1995) and lies
within the greater St Arnaud area that historically produced 400koz of gold at an estimated
15g/t10
plus associated silver production.
7
ASX Release, 21 Jan 2022: Maiden Diamond Drilling on St Arnaud’s Nelson Line Intersects Broad Gold and Silver Mineralisation
8
ASX Release, 22 Dec 2025: St Arnaud Comstock – Shallow Visible Gold in New Structure
9
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target - Amended
10
St Arnaud historical production taken from: Krokowski de Vickerod, J., Moore, D.H. and Cayley, R.A., 1997.
25 FEBRUARY 2026
Figure 2 – Comstock Long section with significant mineral intercept. Green callout - Results reported for the first time in this release, Brown callout – previous
significant intercepts. Previous result details: ASX Release, 22 Dec 2025: St Arnaud Comstock – Shallow Visible Gold in New Structure, all other previous
results: 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target – Amended
ASX : AKA
B R I N G I N G V I C T O R I A ' S G O L D T O L I F E 5
General
25 FEBRUARY 2026
GEOLOGICAL INTERPRETATION - NEWLY INTERPRETED COMSTOCK
BASAL FAULT
The visible gold intercepted in 25NED007 of 0.3m @ 31.5g/t Au from 127.5m is hosted within a
bedding-parallel laminated quartz vein hanging wall to the main Comstock Shear. Bedding
parallel visible-gold bearing quartz lodes are typical of the St Arnaud goldfields. This result
demonstrates the potential for additional mineralised zones to be delineated in close proximity
to the existing St Arnaud Comstock resource.
The high-grade silver and moderate gold intercept within 25NED004 of 0.3m @ 1.91g/t gold and
650g/t silver from 192m occurs within subparallel bedding planar quartz vein within a massive
sandstone, footwall to a newly interpreted Comstock Basal fault. This structure has not been
tested by any previous drilling and can be projected to surface north of the Comstock Pit.
Geological Model updates: Cross sectional and 3D interpretation of Aureka’s 2025 drilling
campaign have demonstrated along strike and down dip continuity of the steeply west-dipping
Comstock Shear to the north of the Comstock pit. The deeper drilling has identified a second
order west-dipping mineralised fault, referred to here as Comstock Basal Fault, which shows
marked changes in alteration, veining intensity and bedding orientation from hanging wall to
footwall. Previously reported significant intercepts in 25NED00111
of 0.75m @ 18.6 g/t Au from
422.1m and 0.6m @ 19.9g/t Au from 435.9m sit just footwall to the southerly projection of
Comstock Basal Fault, suggesting this structure has the potential to host further high-grade
mineralisation with depth continuity. Geological interpretation is ongoing, integrating recent
observations with legacy drilling and observations to identify further drill targets below and
beyond the Comstock Pit.
Figure 3: Microscope image of quartz hosted Galena-Sphalerite-Chalcopyrite-Pyrite aggregates hosting Au and
Ag mineralisation (0.3m @ 1.91g/t Au and 650g/t Ag from 192m) hole 25NED004.
11
ASX Release 24 July 2025: Multiple high-grade gold intercepts at St Arnaud Comstock
ASX : AKA B R I N G I N G V I C T O R I A ' S G O L D T O L I F E 6
25 FEBRUARY 2026
Figure 4: St Arnaud Comstock visible gold (25NED007) and pyrite. Note, the green colour is residual chinagraph
pencil markings from the logging process.
Figure 5: Microscope image of core containing visible gold and pyrite 25NED007.
25 FEBRUARY 2026
Figure 6 – Comstock plan view maiden resource outline with mineralisation trends and core drill hole traces12
& 13
located within EL006819. Red/yellow star indicates location of high-grade visible gold within 25NED00714
;
Blue/Black star indicates location of high-grade silver within 25NED004.
12
ASX Release, 21 January 2022: Maiden Diamond Drilling on St Arnaud’s Nelson Line Intersects Broad Gold and Silver Mineralisation
13
ASX Release, 20 November 2025: St Arnaud Comstock - High Grade Assays
14
ASX Release 22 December 2025: St Arnaud Comstock Mineralisation Intersected
25 FEBRUARY 2026
THE ST ARNAUD COMSTOCK PROJECT – BACKGROUND
The Comstock prospect sits on the eastern margin of the Stawell Geological zone of the Lachlan
Orogen within the St Arnaud Group metasediments, which are unfossiliferous, quartz rich
turbidites assumed to be Cambro-Ordovician in age. Comstock is located within the historic St
Arnaud Goldfields along the Nelson line of reef and is situated approximately 2 kilometres
north of the township of St Arnaud.
Locally, the geology of the Comstock project 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 plunging 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 St Arnaud Comstock pit is a
previous mine site (last production 1995) and lies within the greater St Arnaud gold fields that
historically produced 400koz at an estimated 15g/t Au15
.
There appears to be an apparent association with green-black carbonaceous shales and higher
gold grades.
Commercialisation strategy
St Arnaud Gold Project and the Comstock pit lie 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. On 8 December 2025, Aureka announced it has engaged
mill owners and small-scale Victorian gold production specialists, Core prospecting, to assist
with the advancement of the St Arnaud Comstock Project and significantly de-risk Aureka's
potential pathway to first production16
.
15
St Arnaud historical production taken from: Krokowski de Vickerod, J., Moore, D.H. and Cayley, R.A., 1997
16
ASX Release, 08 December 2025: Core Prospecting St Arnaud Engagement
25 FEBRUARY 2026
Figure 7 – St Arnaud Comstock pit, looking SE, situated within EL006819.
25 FEBRUARY 2026
Figure 8 – St Arnaud Comstock Project relative location to a number of gold processing mills in Victoria
including Wedderburn within the 50km range.
25 FEBRUARY 2026
Cautionary Statement
The potential quantity and grade of the Exploration Target set out in Table 1 and Table 2 of this release are
conceptual in nature and was reported in 2021 (Irvine) and 2025 (St Arnaud). There has been insufficient exploration
to estimate a mineral Resource, and it is uncertain if further exploration will result in the estimation of a Mineral
Resource. The Exploration Target has been prepared and reported in accordance with the 2012 edition of JORC Code.
Comstock Maiden Mineral Resource
In June 2025 AKA released a maiden JORC Mineral Resource Estimate (MRE) of 1.45M tonnes
at 1.21g/t Au for 56,500 oz gold17
has been determined (Table 2) 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 silver18
(Table 2).
Current Mineral Resource Estimates and Exploration Targets
Table 1 – Comstock Project Mineral Resource Estimate in accordance with the 2012 edition of JORC Code19
.
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 – Comstock Project estimated Exploration Target in accordance with the 2012 edition of JORC Code20
.
Prospect
Exploration Target*
Range Tonnes
(Mt)
Gold
Grade
(g/t)
Gold
ounces (k
Oz)
Silver
Grade
(g/t)
Silver
ounces (k
Oz)
Comstock (St
Arnaud)
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.
17
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target – Amended
18
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target – Amended
19
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target – Amended
20
ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target – Amended
Prospect
Cut-Off
Gold
(g/t)
Inferred
Tonnes Gold Grade
(g/t)
Gold
Ounces
Grade
(g/t)
silver
Silver
(oz)
Comstock (St
Arnaud)
>0.5 1,450,000 1.21 56,500 2.14 100,00
25 FEBRUARY 2026
This announcement has been approved for release by the Board of Directors.
For further information, please visit www.aureka.com.au, or contact:
Jame Gurry
James.Gurry@aureka.com.au
Ph: (03) 9692 7222
Aureka uses InvestorHub for enhanced, 2-way, communication with shareholders, providing
easy access to Company updates, reports, and announcements. Investors are encouraged to
sign up to the InvestorHub distribution list on the Company’s website. Sing up here:
https://investorhub.aureka.com.au/
25 FEBRUARY 2026
Competent Persons Statements
The information in this announcement that relates to exploration results, data quality,
geological interpretations, is based on, and fairly represents, information compiled by Jozef
Story, a Competent Person who is a Member of the Australian Institute of Geoscientists (MAIG)
(#10079). Mr Story has sufficient experience that is relevant to the style of mineralisation and
type of deposits under consideration and to the activity currently being 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.” Mr Story consents to the
publishing of the information in this presentation in the form and context in which it appears.
The Company confirms that it is not aware of any new information or data that materially
affects the information included in the relevant announcement and that all material
assumptions and technical parameters underpinning the estimates in the relevant
announcement and that all material assumptions and technical parameters underpinning the
estimates in the relevant ASX announcement continue to apply and have not materially
changed.
The information in this announcement that relates to Mineral Resources and Ore Reserves
statements and Exploration Target potential statements is based on, and fairly represents,
information 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.
25 FEBRUARY 2026
APPENDIX A
Table 1 – Summary of key assays returned from 25NED004 and 25NED007
Hole ID
Easting
(MGA)
Northing
(MGA)
RL
(AH
D)
Azimuth
(MGA)o Dipo Depth
(m)
Sample ID From To
Interval
(m)
Grade
(g/t)
Au
Grade (g/t) Ag Comment
25NED00
4
700821 5948003 245 1.5 70.3 230.1 AKA002539 133.7 134.3 0.6 0.53 0.25
AKA002579 164.2 164.8 0.6 2.14 0.08
AKA002616 186.4 186.82 0.42 8.5 22
AKA002624 192 192.3 0.3 1.91 650
25NED00
7
700764 5947928 247 87.3 78.9 495.05
AKA002660 127.5 127.8 0.3 31.5 0.1
AKA002774 315 315.3 0.3 2.22 4.6
AKA002779
316.5
5 317 0.45 0.92 1.1
AKA002787 344.3 344.6 0.3 0.59 -
25 FEBRUARY 2026
APPENDIX B
St Arnaud: Comstock Gold Project
JORC Code, 2012 Edition - Table 1
Section 1 Sampling Techniques and Data
Criteria JORC Code explanation Commentary
Sampling
techniques
• Nature and quality of sampling (e.g. cut
channels, random chips, or specific
specialised industry standard
measurement tools appropriate to the
minerals under investigation, such as
down hole gamma sondes, or handheld
XRF instruments, etc.). These examples
should not be taken as limiting the broad
meaning of sampling.
• Include reference to measures taken to
ensure sample representivity and the
appropriate calibration of any
measurement tools or systems used.
• Aspects of the determination of
mineralisation that are Material to the
Public Report.
• In cases where ‘industry standard’ work
has been done this would be relatively
simple (e.g. ‘reverse circulation drilling
was used to obtain 1 m samples from
which 3 kg was pulverised to produce a
30 g charge for fire assay’). In other
cases, more explanation may be
required, such as where there is coarse
gold that has inherent sampling
problems. Unusual commodities or
mineralisation types (eg submarine
nodules) may warrant disclosure of
detailed information.
Air Core & Reverse Circulation Drilling
• All air-core (AC) drill holes have been
routinely sampled at 1m intervals
downhole directly from a rig mounted
cyclone. Each metre is collected and
placed on a plastic sheet on the ground
and preserved for assay sub-sampling
analysis as required. For RC, each metre
of sampling is collected in individual
sequentially numbered plastic bags and
preserved.
• Sub-samples for assaying are generated
from the 1m preserved samples and
have been prepared at the drill site by
either a spear sampling method (AC) or
riffle split (RC) based on logged geology
and mineralisation intervals. Sub-
samples have been taken at 1m
intervals or as composites ranging from
2-5m intervals ensuring a sample
weight of between 2 to 3 kg per sub-
sample.
• Certified reference material and sample
duplicates have been inserted at regular
intervals with laboratory sample
submissions.
Diamond Core Drilling
• The diamond drill core samples are
selected on geological intervals varying
from 0.2m to 1.3m in length.
• All drill core is routinely cut in half
(usually on the right of the marked
orientation line) with a diamond saw
and submitted for analysis.
Representative sampling is ensured by a
combination of Company procedures regarding
quality control (QC) and quality assurance/
Testing (QA). Certified standards and blanks are
routinely inserted into assay batches.
Drilling
techniques
• Drill type (e.g. core, reverse circulation,
open-hole hammer, rotary air blast,
auger, Bangka, sonic, etc) and details
Air Core (AC) Drilling
• Legacy AC drilling has been carried out
using a Wallis Mantis 80 AC rig mounted
25 FEBRUARY 2026
(e.g. core diameter, triple or standard
tube, depth of diamond tails, face-
sampling bit or other type, whether core
is oriented and if so, by what method,
etc).
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
• Legacy 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
• Legacy diamond drilling was 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.
• Drilling completed by Aureka was
conducted by AMWD
• Pre-collars were drilled to solid
bedrock using an HQ3 drill bit (93mm
hole diameter) coring down to solid
rock followed by HWT casing diamond
(114.3mm hole diameter)
• Diamond drilling of HQ3 (triple-tube)
was 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
Drill sample
recovery
• Method of recording and assessing core
and chip sample recoveries and results
assessed.
• Measures taken to maximise sample
recovery and ensure representative
nature of the samples.
• Whether a relationship exists between
sample recovery and grade and whether
sample bias may have occurred due to
preferential loss/gain of fine/coarse
material.
Air Core & Reverse Circulation Drilling
• Legacy AC & RC drill recoveries have been
visually estimated as a semi-quantitative
range and recorded in the log.
• Recoveries are generally high (>90%), with
reduced recovery in the initial near-surface
sample.
• Samples are generally dry, but many became
wet at the point of refusal in hard ground
below the water table.
• Geological control maintained at the drill site
at all times to ensure drilling and sampling is
to required standard.
25 FEBRUARY 2026
• No sampling issue, recovery issue or bias has
been picked up and is considered that both
sample recovery and quality is adequate for
the drilling technique employed.
Diamond Core Drilling
• All diamond core has been logged
capturing any core loss, if present, and
recorded in the database.
• All drill depths are checked against the
depth provided on the core blocks and
rod counts are routinely carried out by
the driller.
Core recovery for the areas sampled is generally
good.
Logging • Whether core and chip samples have
been geologically and geotechnically
logged to a level of detail to support
appropriate Mineral Resource
estimation, mining studies and
metallurgical studies.
• Whether logging is qualitative or
quantitative in nature. Core (or costean,
channel, etc) photography.
• The total length and percentage of the
relevant intersections logged.
• Geological logging of samples follows
Company and industry common practice.
Qualitative logging of samples includes (but
is not limited to), lithology, mineralogy,
alteration, veining and weathering.
• All logging is quantitative, based on visual
field estimates.
• Most if all AC & RC chips and core were
photographed in detail.
• For AC & RC, a small representative sample
has been retained in a plastic chip tray for
future reference and logging checks.
• Detailed chip logging, with digital capture,
has been conducted for 100% of chips logged
by previous geological teams.
• Detailed core logging, with digital capture
and digital photography, was conducted for
100% of the recent Aureka diamond drilling
Sub-sampling
techniques
and sample
preparation
• If core, whether cut or sawn and whether
quarter, half or all core taken.
• If non-core, whether riffled, tube
sampled, rotary split, etc and whether
sampled wet or dry.
• For all sample types, the nature, quality
and appropriateness of the sample
preparation technique.
• Quality control procedures adopted for
all sub-sampling stages to maximise
representivity of samples.
• Measures taken to ensure that the
sampling is representative of the in situ
material collected, including for instance
results for field duplicate/second-half
sampling.
• Whether sample sizes are appropriate to
the grain size of the material being
sampled.
Air Core & Reverse Circulation Drilling
• Procedures have been followed to ensure
sub-sampling adequacy and consistency.
These included (but are not limited to), daily
workplace inspections of sampling
equipment and practices.
• Only recent core drilling incorporated blanks
and certified reference materials are
submitted with the samples to the laboratory
as part of the quality control procedures.
• AC composite, 1m individual and EOH
samples have been collected as grab
samples.
• Legacy drill sample preparation and base
metal and precious metal analysis is
undertaken by a registered laboratory (ALS
Perth, WA). Sample preparation by dry
pulverisation to 85% passing 75 microns is
undertaken by ALS Adelaide, SA.
• The sample sizes are considered appropriate
to correctly give an accurate indication of
mineralisation given the qualitative nature of
the technique and the style of gold
mineralisation sought.
25 FEBRUARY 2026
Diamond Core Drilling
• Detailed diamond core logging, with
digital capture, has been conducted for
100% of the core by previous geological
team.
• Half core is sampled from NQ and HQ
diameter drill core.
• Company procedures have been
followed to ensure sub-sampling
adequacy and consistency. These
included (but are not limited to), daily
workplace inspections of sampling
equipment and practices.
• Blanks and certified reference materials
are submitted with the samples to the
laboratory as part of the quality control
procedures.
• No second-half sampling has been
conducted at this stage.
• The sample sizes are appropriate to
correctly represent the sought-after
mineralisation.
Quality of
assay data
and laboratory
tests
• The nature, quality and appropriateness
of the assaying and laboratory
procedures used and whether the
technique is considered partial or total.
• For geophysical tools, spectrometers,
handheld XRF instruments, etc, the
parameters used in determining the
analysis including instrument make and
model, reading times, calibrations factors
applied and their derivation, etc.
• Nature of quality control procedures
adopted (e.g. standards, blanks,
duplicates, external laboratory checks)
and whether acceptable levels of
accuracy (i.e. lack of bias) and precision
have been established.
• Sample preparation for legacy samples was
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 was 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 materia
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