Quarterly Activities Report and Appendix 5B
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Quarterly Activities Report and Appendix 5B
Aureka Limited has achieved significant milestones in the June quarter, with a 26% increase in global JORC Resources to 455koz, led by the Irvine Gold Project and the St Arnaud Comstock Project. The Inferred JORC Resource at Irvine increased by 30% to 398koz, with Advanced and Conceptual Exploration Targets defined. Infill drilling at Comstock aims to validate historical data and support a higher confidence level for the existing JORC Resource.
Cash at the end of the quarter was $2.3m, with subsequent activities including the confirmation of Walkers Pit as the targeted first production, a production license application, and a toll mill partnership agreement. Aureka continues exploration with two diamond drill rigs at Irvine and Comstock, aiming for near-term low tonnage mining opportunities.
Investors are encouraged to engage with the company for further details and questions about the progress made in the quarter. Management recognizes the dedication of the team in delivering significant achievements during this period and looks forward to continued growth in the coming quarters.
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