Webinar Presentation - Core Prospecting Proposal
Released
Released
Announcement PDF
ASX:AKA |
aureka.com.au 1
Set to become Victoria’s
next high-grade Gold
Producer
Aureka’s proposed acquisition of High-Grade
Holdings, parent of Core Prospecting – operator of
the Wedderburn Gold Mill and the producing
Fiddlers Creek Mine.
Investor Presentation – 9 September 2026
ASX:AKA |
This presentation has been prepared by Aureka Limited (Aureka or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The
information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to
whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and
warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an
inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any
information, opinions or conclusions expressed in the course of this presentation. This presentation is not a prospectus, product disclosure document or other offering document under Australian
law or under any other law. It has been prepared for information purposes only and is not a recommendation as to whether to invest in Aureka shares. The information contained in this
presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. The presentation has been prepared without taking into
account the investment objectives, financial situation or particular needs of any particular person. Unless otherwise specified, data and tables set out in this presentation are based on Aureka
management estimates.
This presentation does not include all available information on Aureka, and any potential investor should also refer to Aureka’s Annual Reports and ASX releases and take independent professional
advice before considering investing in Aureka. For more information about Aureka Limited, visit the website at www.aureka.com.au.
No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To
the maximum extent permitted by law, none of Aureka or its directors, or any of their employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising
out of fault of negligence, for any loss arising from the use of the information contained in this presentation. In particular, no representation or warranty, express or implied is given as to the
accuracy, completeness or correctness, likelihood of achievement or reasonableness or any forecasts, projections, prospects or returns contained in this presentation nor is any obligation assumed
to update such information. Such forecasts, prospects or returns are by their nature subject to significant uncertainties and contingencies. Past performance is no guarantee of future performance.
This presentation may contain “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of
forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe”, “continue”, “objectives”, “outlook”, “guidance” or other similar words, and include statements
regarding certain plans, strategies and objectives of management and expected financial performance. These forward-looking statements involve known and unknown risks, uncertainties and other
factors, many of which are outside the control of Aureka and any of its officers, employees, agents or associates. Actual results, performance or achievements may vary materially from any
projections and forward-looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward-looking statements and
Aureka assumes no obligation to update such information
Information provided by HGH
Information in this presentation about High Grade Holdings Pty Ltd (HGH), Core Prospecting Pty Ltd, the Fiddlers Creek Mine and the Wedderburn Mill, including historical operating data, has been
provided by HGH. Aureka has reviewed that information against available records but has not independently verified it. Historical operating data is unaudited and is not a production target, forecast
or guidance. Completion of the proposed acquisition remains subject to conditions, including Aureka shareholder approval, and there is no certainty that it will occur.
Competent Person Statement
The information in this presentation that relates to the Mineral Resources and Exploration Targets of the Irvine Gold Project is extracted from Aureka’s ASX announcement dated 18 June 2026 titled
‘Global JORC Resource Increase to over 450koz’ (which references the Navarre Minerals Limited announcement dated 30 March 2021 for the Adventure Exploration Target), and the information that
relates to the Mineral Resource and Exploration Target of the St Arnaud Comstock Gold & Silver Project is extracted from Aureka’s ASX announcement dated 13 June 2025 titled ‘St Arnaud Maiden
JORC MRE and Exploration Target – Amended’ (together, the Original Announcements), which are available at www.asx.com.au and www.aureka.com.au. The Company confirms that it is not aware of
any new information or data that materially affects the information included in the Original Announcements and that all material assumptions and technical parameters underpinning the estimates
in the Original Announcements continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Persons’ findings are presented have
not been materially modified from the Original Announcements. Aureka has not reported any Ore Reserves and has not reported a Mineral Resource estimate for the Fiddlers Creek Mine in
accordance with the JORC Code. This presentation does not contain a production target or forecast financial information for any project. The Comstock and Irvine projects have Inferred Mineral
Resources and Exploration Targets only; any future development of those projects, or of any other exploration project, is subject to further studies, approvals and a development decision, and there
is no certainty that any of them will be developed. The information in this presentation that relates to the geology and mineralisation of the Fiddlers Creek Mine and its surrounding tenure is based
on, and fairly represents, information compiled or reviewed by Mr Jozef Story, Exploration Manager of Aureka and 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 deposit under consideration and to the activity 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’, and consents to the inclusion in this presentation of the matters based on his
information in the form and context in which they appear.
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Important Notice and Disclaimer
ASX:AKA |
Exploration Target
On 18 June 2026, Aureka Limited ASX:AKA announced the increase to their maiden gold Exploration Target at its flagship 100%-owned Irvine Gold Project in Victoria, Australia. Notably, the Exploration Target upgrade was constrained to the current drill
footprint at the Resolution lode. The Exploration Target relating to the Adventure lode remains unchanged from the Maiden Resource announced on 30 March 2021 by Aureka Limited. The potential quantity and grade of both the Resolution Lode and
Adventure Lode Exploration Targets are conceptual in nature, as at the time of reporting, there has been insufficient exploration to estimate a Mineral Resource within these two areas and it is uncertain if further exploration will result in the estimation of a
Mineral Resource in relation to these Exploration Targets. The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.. On 13 June 2025 (amending its announcement of 26 May 2025), Aureka (ASX:AKA)
announced a maiden JORC Mineral Resource and Exploration Target for the St Arnaud Comstock Gold & Silver Project. The potential quantity and grade of the Comstock Exploration Target is conceptual in nature, there has been insufficient exploration to
estimate a Mineral Resource over the target area and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The basis for each Exploration Target, the exploration activities proposed to test it and the timeframe for that work
are set out in the Original Announcements referred to on page 2.
Summary of Relevant Exploration Data, Methodology, and Assumptions
Previously engaged consultants had, in conjunction with Company personnel generated an estimate of the Exploration Target for the Resolution and Adventure prospects. These Exploration Targets represent the strike and depth/plunge extensions to the
Mineral Resources defined for both deposits. The results of this estimation are presented in the Exploration Target table on this page. The Resolution and Adventure prospects are intersected by a predominantly west dipping shear zone which broadly
mimics the strike of the Irvine basalt dome. Gold occurs on or adjacent to the shear zone, typically on meta-basalt/meta-sediment contacts where the rheological contrast provides an ideal locale for shearing and mineralisation. The attitude of the contacts
also influences the shear geometry resulting in localised, high-grade gold shoots.
The Exploration Target was based on the interpretation of the following geology and mineralisation data that had been collated as part of the 2021 MRE statement:
42 structurally oriented diamond drillholes and169 aircore drill holes drilled by Aureka Limited and 8 structurally oriented diamond drillholes drilled by Aureka Limited for a total of 28,152 m at the Resolution,
10 structurally oriented diamond drillholes and 195 aircore, drill holes for a total of 17,952 m at the Resolution prospect that have been drilled by Aureka Limited.
985 density measurements on mineralised diamond drill core, and the determined SG’s were applied to the appropriate lithological units involved with the Exploration Target,
surface geological mapping, costean data and diamond core geological logging,
detailed LiDAR imagery,
geophysical datasets including detailed ground magnetic and 3D induced polarisation, and
wireframing and modelling of the Resolution and Adventure mineralised bodies.
Two Advanced and four Conceptual Exploration Targets have been defined at the Resolution prospect. Targets considered Advanced are up-dip or along strike of known mineralisation and proximal to some anomalous legacy aircore drilling and favourable
geophysical response and range between 2.0 g/t gold and 2.3 g/t gold and because the exact dimensions are unknown, a lower limit of half the upper limit results in 1.33Mt, assuming trend derived when calculating the MRE update. Advance ET 1 was
defined using the upper limit strike of 540m, down dip of 400m (excludes the area of shallow AC holes and only includes fresh rock material), a width of 3m and a density of 3.8 g/cc and an average grade between 2.0g/t to 2.3g/t for a half the upper limit of
450kt; Advance ET 2 was defined using the upper limit strike of 1500m, down dip of 100m, a width of 5m and a density of 2.3 g/cc and an average grade between 2.0g/t to 2.3g/t for a half the upper limit of 880kt. Targets considered Conceptual exist to the
west of the main line of Lode, however form extensions to known historic mines. Broad trends are evident on the TMI data however there is a lack of modern sampling data. The Conceptual Exploration Targets were defined using an upper limit strike of
4,000m, down dip of 100m, a width of 5m and a density of 2.35 g/cc and an average grade between 2.0g/t to 2.3g/t for a half the upper limit of 2.35Mt.
For the Adventure prospect Exploration Target remains unchanged from 30 March 2021 Maiden MRE and was estimated based on the wide spaced exploration drilling that has been completed to date. The mineralisation as defined by these drill results
does not currently have adequate confidence to be classified as a Mineral Resource. However, Mining Plus considers that the estimation of an Exploration Target is possible for the mineralised extents that have been modelled. The ranges for tonnage, grade
and ounces have been estimated using the Adventure block model results reported at a 1 g/t Au cut-off (Figure 10 of the 30 March 2021 announcement) for those estimated blocks remaining unclassified (that do not satisfy the criteria of an Inferred Mineral
Resource). A -20% and +30% range has then been applied to determine the ranges required for reporting an Exploration Target. It is important to note that as these estimated blocks do not meet the requirements of a Mineral Resource, there is increased
likelihood of grade extrapolation, rather than interpolation, hence the application of suitable tonnage, grade and ounce ranges for the Adventure Prospect Exploration Target. The upper grade, tonnage and ounces range of +30% has been based on the
presence of two of the higher grade and thicker intercepts returned to date for Adventure being located at the base of the Exploration Target.
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Exploration Target Information
Source: ASX announcements 18 June 2026 (Irvine Resolution), 30March 2021 (Irvine Adventure) and 13 June 2025 (Comstock). Exploration Targets are conceptual in nature – see the cautionary
statements on this page.
ASX:AKA |
OVERVIEW OF TRANSACTION
INTEGRATION STRATEGY / Q&A
FIDDLERS CREEK GOLD & SILVER MINE
WEDDERBURN MILL
Agenda: Set to become Victoria’s next high-grade Gold Producer
4
Aureka Executive and Director team with HGH Founder and Director Toby Houldsworth
on site visit to the Fiddlers Creek operating underground high grade gold and silver mine.
ASX:AKA |
Continuous Diamond Drilling & Attractive
Valuation
• Previously peak ~$150m Market Cap on these assets in 2020
• Low EV = attractive EV per ounce of JORC
~455koz of JORC Resource1 and >600koz ETs1
• Stawell Irvine: JORC Inferred (398koz @ 2.59g/t) 1
+ Advanced Exploration Target* (85-197koz @ 2-2.3g/t) 1
+ Conceptual Exploration Target* (151-348koz @ 2-2.3g/t
• St Arnaud Comstock: JORC Inferred (56koz @ 1.21g/t)
+ Exploration Target* (112-116koz @ 1.2-1.0g/t)2
• Production licence submitted
Advanced Stage Gold Projects
• Existing discoveries and substantial projects
• Projects are proximate to operating mines
• Long term approach (e.g. permanent land access)
• Toll milling partnership locked in (July)
Clean Balance Sheet & Top Tier Team
• Top Tier Director and Executive team
• No debt and well-funded for continuous drilling
• Backed by small Institutions and HNWs
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*The potential quality and grade of this exploration target is conceptual in nature, there is currently insufficient exploration completed to support a mineral resource of this size and it is
uncertain whether continued exploration will result in the estimation of a JORC resource. The exploration target has been prepared in accordance with the JORC Code (2012). A detailed basis
for this statement, including the completed exploration activity, has been provided on slide 3 of this presentation
1 ASX Release 18 June 2026: Global JORC Resource Increase to over 450Koz. ASX Announcement: 13 Jun 2025: AKA - St Arnaud Maiden JORC MRE and Exploration Target Amended.
Path to production: Million-ounce potential + mill partnership
Now adding complementary
production assets in a low cash
majority scrip acquisition >>>>
ASX:AKA |
Refer ASX Release: 8-Dec-2025 Aureka engages Core Prospecting for Comstock Project
ASX:AKA |
Surrounding the fully permitted
Wedderburn Mill (to be acquired on
Completion)
Highly prospective mining region,
neighboring Stawell gold mine with
production history of over 5Moz
Fully sealed roads (45km from
St Arnaud), (100km Fiddlers Creek),
(~130km Irvine)
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ASX:AKA |
ASX:AKA |
Performance of acquired assets
Production at the mine and mill
commenced July 2025
FY26 Production (12 months):
Average head grade mined and milled 7 g/t
Total gold recovered in 12 months: 416 oz, 13 kg
(inclusive of lower recoveries during mill commissioning)
Average recoveries (commissioning): 86% Highest 91%
Average monthly concentrate gold grade ~70 g/t
Flotation circuit commissioned: February 2026
Positive monthly free cash flow since Q2 2026
(HGH unaudited management accounts)
Under the existing offtake arrangements, payabilities have typically
exceeded 90% for gold and silver, depending on metal grades in
concentrate and other applicable offtake specifications.
The information above is historical operating data for the FY26 ramp-up period. It is unaudited, is not a
production target, forecast or guidance by Aureka, and should not be relied on as an indication of future
production or financial performance. Information provided by HGH was reviewed by Aureka & its consultants
during due diligence process against available transaction records, mill receipts and offtake customer
payments
ASX:AKA | 11
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Transaction would, on completion, step Aureka into production in a controlled risk manner (debt free, lower
overheads, scope for growth via exploration and operating asset upgrades).
Currently processing Fiddlers Creek underground mine
(~100km away)
Spare capacity that could potentially process Comstock
(~45km) or Irvine (~130km) ore in future – subject to studies,
approvals and development decisions; no decision has
been made
Gold, Silver, Lead
(underground)
(in production)
Infill drilling, feasibility &
approvals
Licence application in progress
398koz Inferred Resource
Exploration upside
Renowned global commodity house
Market-based offtake agreement for 100% of Fiddlers
Creek Mine output for 12 months, extendable
Prompt payment terms
An operating mine feeding a permitted mill, with exploration upside.
¹ ASX Release 18 June 2026: Global JORC Resource Increase to over 450koz
² ASX Release, 13 June 2025: St Arnaud Maiden JORC MRE and Exploration Target - Amended
Infill drilling in progress at Comstock; Ongoing exploration drilling in progress
at Irvine. Results to be reported upon finalisation from lab & QAQC checks.
ASX:AKA | 12
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+ HGH Representative:
Right to nominate 1
additional board member
as part of transaction.
ASX:AKA | 13
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EXPLORER TURNED PRODUCER
• On completion Aureka becomes a multi-faceted with a operating
mill and mine, Comstock in application and the scale potential of
Irvine.
• Aureka becomes Victorian high grade gold producer while
continuing to grow scale in a known multi-million ounce region.
TRANSACTION FUNDED + DRILLING FOR GROWTH
• A drilling campaign expected to commence to test near-mine
extensions at Fiddlers Creek.
VICTORIAN PERMITTED PRODUCING OPERATIONS
• Aureka goes from one production licence in application to a
granted milling/mining licence, an operating mine and
applications in progress.
OPERATING ASSETS AND GROWTH PIPELINE
• Fiddlers Creek and Wedderburn Mill in operation (positive monthly free
cash flow since Q2 2026 per HGH's unaudited management accounts)
• Comstock studies and licence application in progress.
• Irvine flagship exploration project (398koz Inferred Resource).
ASX:AKA |
High-grade gold system with multiple
mineralised structures
Mineralisation extends over approximately
600 m along strike and remains open at
depth (based on Core's mapping and drilling; no JORC Mineral
Resource has been reported)
Strong potential for further discovery along
strike and at depth
Historic Workings
Concept Design
ASX:AKA |
Aureka transitions from explorer to producer through
ownership of a processing mill and an operating underground
mine, becoming Victoria's newest ASX-listed gold producer
(subject to transaction closure and various conditions,
including shareholder approval of related share issue).
Adding high-grade, producing Fiddlers Creek Gold & Silver
Mine to Aureka’s existing portfolio of pre-production projects.
Secures ownership of strategic processing capacity via an
existing mill -> reducing development timelines, capital
requirements, execution risk and increases potential profit
margins compared to 3rd party toll processing.
Strengthens in house team with experienced mining,
processing and operational personnel capable of
advancing Aureka’s growth strategy
Regional consolidation & industrial synergy benefits
combining operating, processing and exploration assets, in
single Victorian gold vehicle.
Secures licensed operating processing mill, located within trucking distance of all
Aureka’s projects (45km from St Arnaud, ~130km from Irvine Project). The
acquisition brings together a small operating gold business with Aureka’s vast
growth potential.
Adds high-grade producing Fiddlers Creek Underground Gold Mine to portfolio.
Transitions Aureka into a new profile of producer and complementing its existing
assets. Current production may be expanded over time, subject to exploration
results, further studies and approvals.
The acquisition materially reduces permitting timeline risk and shortens development
timeframes relative to typical greenfield project development. The permitted production
platform provides a significant point of difference relative to junior explorer peers of
similar market capitalisation.
Aureka and Core Prospecting have been working together since 2023 and, together,
have first-hand experience in applications, start-up and ramp-up of smaller scale
mining opportunities in Victoria. Core Prospecting consultant geologists helped drive
discovery, including the growth of Aureka's Inferred JORC Resources to 455koz^
^ ASX Release 18 June 2026: Global JORC Resource Increase to over 450koz
ASX:AKA |
Current Capital Structure – Before planned transaction related share issue^
aureka.com.au 16
BOARD OF DIRECTORS
Graeme Hunt Non-Executive Chairman
James Gurry Managing Director
Richard Taylor Non-Executive Director
Angela Lorrigan Non-Executive Director – Technical Director
AKAAAC Performance rights: 10,300,000 (various strike prices 15c, 20c , 25c, 30c) AKAAAD Broker Options: 3,092,000 (exp, 8-Nov-27, strike $0.20). ZEPOS:
3,434,286 for Directors based on length of service.
$0.12
Share Price (4 Sep 2026)
~$19m
Market Cap
~$17m
Enterprise Value
$2.3m
Cash at Bank 30 June 2026
159m
Shares in Issue
$0
No debt or convertibles
60.5%
3.9%
5.6%
30.0%
BOARD OF DIRECTORS
INSTITUTIONS
HNW / FAMILY OFFICES
OTHER
SHARE REGISTER
AUREKA’S TOP 20 SHAREHOLDERS
REPRESENT 44% OF THE COMPANY
^ Acquisition of Mill & Mine: Vendor scrip, Placement and SPP (all 12c/share)
• Successful Placement $5.65m cornerstoned existing shareholders (47m shares)
• Vendor consideration: $2.5m cash (funded via Placement)
• Vendor consideration: $6.4m AKA shares (~53m shares)
• Share Purchase Plan: Targeting $1.5m (ability to close early, extend or take overs)
• EGM in ~30 days to vote on share issuance beyond 7.1&7.1A Capacity.
• Pro-forma cap structure: see appendix slide (subject to various assumptions).
• Details refer ASX release 7-Sept-2026: Acquisition of mill & mine
ASX:AKA |
The Aureka Growth Story So Far…
aureka.com.au 17
ASX Debut with
304koz in one
single project.
DECEMBER 2024
Commence
diamond drilling at
Irvine Gold Project
JANUARY 2025
Acquire freehold
land at Irvine Gold
Project
MARCH 2025
Maiden Inferred
Resource at St
Arnaud – 56koz
JUNE 2025
Tenacity discovery
at Irvine Gold
Project
OCTOBER 2025
Comstock drilling
results announced
(ASX release,
January 2026)
JANUARY 2026
Increase in Inferred
JORC Resources to
455koz
JUNE 2026
Comstock
production licence
application
JULY 2026
Agreement to
acquire
Wedderburn Mill &
Fiddlers Creek Mine
SEPTEMBER 2026
+ Plenty more to
come from the team
at Aureka…
ASX:AKA |
What to expect from Aureka:
On-going diamond drilling
Irvine: Drill testing new Exploration Targets
Comstock: Infill program
Fiddlers Creek – near mine drilling opportunities
Regional: Jubilee
Comstock: JORC & Scoping Study Update (Q4 2026)
Comstock: Licence approval (1H 2027)
Strategy to Commercialisation
Shareholder vote on share issuance
Assume ownership and control of operations
Invest working capital for optimal production at Fiddlers
Creek & Wedderburn
Comstock & Irvine strategy continue…
Size of Prize is Huge
Production (Fiddlers Crk)
Mill (Wedderburn)
Brownfield Project (Comstock) (in Application)
Scale Potential (Irvine) (multi million-ounce Stawell Corridor)
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*The potential quality and grade of this exploration target is conceptual in nature, there is currently insufficient exploration completed to support a mineral resource of this size, and it is uncertain whether
continued exploration will result in the estimation of a JORC resource. The exploration target has been prepared in accordance with the JORC Code (2012). A detailed basis for this statement, including the
completed exploration activity, has been provided on slide 3 of this presentation
Positioned for
Production & Growth
at Scale
ASX:AKA |
Pro-forma Capital Structure: Subject to various transaction related approvals,
shareholder vote and capital raising assumptions
aureka.com.au 19
Acquisition of Mill & Mine: Vendor scrip, Placement and
SPP (all 12c/share)
• Placement $5.65m cornerstoned by existing
shareholders (47m shares)
• Vendor consideration: $2.5m cash (funded via
Placement)
• Vendor consideration: $6.4m AKA shares (~53m shares)
• Share Purchase Plan: Targeting $1.5m
• All planned share issues at 12c per AKA share.
• EGM in ~30 days to vote on share issuance.
• Details refer ASX release 7-Sept-2026: Acquisition of mill
& mine
ASX:AKA |
Competent Person Statement
The Competent Person Statement for this presentation, including the cross-references to the Original Announcements under ASX Listing Rule 5.23, is set out on page 2. The
Mineral Resources in the table below are extracted from those announcements.
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Mineral Resources
Prospect Cut-Off Gold (g/t)
Inferred
Tonnes Gold Grade (g/t) Gold Ounces
Resolution Open Pit
>0.5 1,775,000 2.16 123,000
Adventure Open Pit
>0.6 680,000 1.85 40,300
Total Irvine
(Stawell) Open Pit
Various 2,455,000 2.07 163,300
Resolution
Underground
>1.0 2,335,000 3.13 235,000
Total Irvine
(Stawell)
Various 4,790,000 2.59 398,300
Comstock (St
Arnaud)
>0.5 1,450,000 1.21 56,500
Total All Projects
Various 6,240,000 2.27 454,800
Aureka Mineral Resources (all Inferred) – June 2026
The Mineral Resources in the table above are reported in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code)
2012 Edition and are extracted from Aureka’s ASX announcements dated 18 June 2026 (Irvine Resolution), 30 March 2021 (Irvine Adventure) and 13 June 2025 (Comstock) – see page 2.
All tonnages reported are dry metric tonnes. Minor discrepancies may occur due to rounding to appropriate significant figures
ASX:AKA |
Prospect
Cut-Off
Gold (g/t)
Inferred
Tonnes Gold Grade (g/t) Gold Ounces
Resolution OP* >0.5 1,775,000 2.16 123,000
Adventure OP >0.6 680,000 1.85 40,300
Total Irvine Open Pit* Various 2,455,000 2.07 163,300
Resolution UG* >1.0 2,335,000 3.13 235,000
Total Irvine (Stawell) Various 4,790,000 2.59 398,300
Stawell Corridor – Irvine Gold Project
aureka.com.au
ASX:AKA | 21
Southern Trend
Three prospective basalt
contacts underneath
Tertiary basalt cover
398koz Au Resource
with
85-197koz Advanced ET
181-348koz Conceptual ET
Au, Ag & Cu project
within the Stavely Belt
underneath Tertiary basalt
cover
Morning Bill
Irvine (+94koz Au)
Added*
398koz Au MRE
+500koz
Exploration Target
1 ASX Release 18 June 2026: Global JORC Resource Increase to over 450Koz.
ASX:AKA |
aureka.com.au 22
Stawell Corridor – 94koz Added to Irvine MRE
JORC references: ASX Release 18 June 2026: Global JORC Resource Increase to over 450Koz.
ASX:AKA | 23
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St Arnaud Comstock: Plan view of
the Comstock pit with location of
the mineral intercepts
ASX Release 25-August-2026: High Grade Gold Intercepts on Both Comstock and Walkers
NED032 intercepted significant gold & silver mineralisation on
Comstock shear:
o 4.4m @ 8.9g/t Au and 57.8g/t Ag (silver) from 102.8m
- Including 0.3m @ 65.3g/t Au from 106.2m (duplicate returning
95.6g/t)
• Significant shallow gold mineralisation also intersected in
the Walkers Zone:
NED034
o 0.8m @ 5.65g/t Au from 19.25m.
o And 0.7m @ 57g/t Au from 45.5m.
NED035
o 2.65m @ 5.78g/t Au from 20.5m (including previously sighted
visible gold1).
- including 0.35m @ 34.2g/t Au from 21.5m.
NED033
o 0.3m @ 21.3g/t Au from 35.6m, and
o 1.9m @ 5.63g/t Au from 56.5m
- Including 0.9m @11.1g/t Au from 56.5m
ASX:AKA |
aureka.com.au | 24
Comstock – Walkers – identified as potential starter pit
ASX Release 1-July-2026: Comstock study update: Walkers Pit Selected / Licencing Submitted
ASX Release: 10-August-2026: Comstock drilling visible gold. Star indicates location of observed visible gold.
ASX:AKA |
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Comstock – Walkers – identified as potential starter pit
ASX Release 25-August-2026: High Grade Gold Intercepts on Both Comstock and Walkers
ASX:AKA |
aureka.com.au | 26
Comstock – Comstock main Shear / Main Pit
ASX Release 25-August-2026: High Grade Gold Intercepts on Both Comstock a
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