FY2026 has been a year of real progress at Aureka, built on the drill bit.

Our global JORC Resource grew to 455koz, up 50% since we listed in December 2024, driven almost entirely by the Resolution Lode at our flagship Irvine Project. High-grade intercepts at both Irvine and Comstock, including the highest-grade assay at Irvine since discovery in 2017, gave us the confidence to keep drilling and keep expanding the resource base. We completed 7,000 metres of diamond drilling across the portfolio during the year.

We also moved to secure the ground around Irvine, coming to own or control over 150 hectares through partnership arrangements that keep our capital focused on exploration rather than land ownership. At Comstock, we're now assessing a pathway to early production, including toll milling options with nearby operators.

Financially, we reported a loss after tax of $5,751,377 for the year (FY2025: $4,745,122), reflecting the scale of our exploration spend. We ended the year with $2,301,026 in cash, and the divestment of our Tandarra interest for $1,275,000 and a $3.6 million placement in December helped fund the year's activities.

Since year end, we've kept moving. In September we announced a binding agreement to acquire High Grade Holdings, including the operating Fiddlers Creek Gold & Silver Mine and the Wedderburn Gold Processing Mill, alongside a placement and share purchase plan to support it. This is a material step and one we'll continue to update the market on as it progresses.

None of this changes the nature of exploration and early-stage development: it carries real risk, and results to date don't guarantee what comes next. Our full Annual Report sets out the detail, including risks, governance and remuneration.

If anything here raises a question, we'd genuinely like to hear it through the question box on this page.