Aureka divests Tandarra Interest for $1.3M
Released
Released
Announcement PDF
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 1
10 NOVEMBER 2025
A S X A N N O U N C E M E N T
AUREKA DIVESTS TANDARRA INTEREST FOR $1.3M
Aureka Limited (ASX: AKA) (Aureka or the Company) holds a portfolio of advanced stage gold
exploration projects across Victoria. The Company’s focus is on maximising shareholder value from its
flagship Stawell Corridor Irvine Gold Project, and the St Arnaud Comstock Project, both of which contain
JORC compliant resource inventory1,2
, and where recent drilling success has been reported on both
projects3,4
.
Consistent with this strategy, Aureka announced a strategic review of its interest in the Tandarra Project
on 1 October 2025. Aureka now has agreed to completely exit its interest in the Tandarra JV for a cash
sale of $1.3m in a settlement with the JV partner. The parties have agreed to dismiss the related Court
proceedings.
These funds, when received, will be applied towards continued diamond drilling and the permanent land
access around the Irvine Gold Project where momentum is building after reporting some of the highest
assays since discovery including 10m @ 12.1g/t Au from 413m, including 0.3m @ 183g/t Au from
413m and 0.3m @ 64.3g/t Au from 413.8m5
, along the newly identified Tenacity Hanging Wall Fault.
The Company is pleased to report follow up hole RD049 is on track and approaching target within the
Tenacity Haning Wall Fault zone.
-End-
1
ASX Release 30 Mar 2021: Navarre Minerals - Maiden Mineral Resource for Stawell Corridor Gold Project
2
ASX Release 13 Jun 2025. St Arnaud Maiden JORC MRE and Exploration Target - Amended
3
ASX Release 15 Oct 2025: Irvine Drilling Highest Assay Since Discovery
4
ASX Release 29 Oct 2025: St Arnaud drilling intercepts
5
ASX Release 15 Oct 2025: Irvine Drilling Highest Assay Since Discovery
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 2
10 NOVEMBER 2025
The Company’s website can be accessed at www.aureka.com.au
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
Ph: (03) 9692 7222
________________________________________
1,2
ASX Release 30 Mar 2021: Navarre Minerals - Maiden Mineral Resource for Stawell Corridor Gold Project, and ASX Release
13 Jun 2025. St Arnaud Maiden JORC MRE and Exploration Target - Amended
The Company confirms it is not aware of any new information or data that materially affects the information included in
the previously reported Mineral Resource estimates referred to in [1], and that all material assumptions and technical
parameters underpinning those estimates continue to apply and have not materially changed.
3, 5
ASX Release 15 Oct 2025: Irvine Drilling Highest Assay Since Discovery
The Exploration Results re-stated in this announcement were originally reported in the Company’s ASX release 15 Oct 2025
titled Irvine Drilling Highest Assay Since Discovery, which identified Jozef Story (MAIG #10079) as the Competent Person. Mr
Story is Aureka’s Exploration Manager. The Company confirms it is not aware of any new information or data that materially
affects the information in that announcement and that the form and context in which the Competent Person’s findings are
presented have not been materially modified.
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