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Aureka Limited (ASX:AKA)

ALERT: Price-sensitive ASX Announcement for AKA
Current share price for AKA : $0.125 0.036 (40.45%)+
Announcement
Release
14 Jul 2026 9:29AM
Price at Release
$0.089
Full Release
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Summary
Aureka Limited has signed a toll milling agreement with High Grade Holdings for the Wedderburn Gold Processing Mill, covering ore from any Aureka-nominated project, including the St Arnaud Comstock Gold & Silver Project. This agreement is structured on a cost-plus-margin basis and allows for potential capital upgrades to the mill if necessary. The agreement supports Aureka's aim to commence production at the Comstock project, which is positioned as their first production initiative, approximately 45km from the Wedderburn Mill. The Comstock project includes a JORC Inferred Mineral Resource of 56koz of gold and is close to processing facilities, facilitating a low capital operation. Aureka plans further studies and diamond drilling at Comstock to re-classify parts of their inferred resource to a higher confidence category. The company is also considering future production options for its Irvine Gold Project in the Stawell Corridor.
Key Points
  • Aureka signs toll milling agreement with Wedderburn Gold Processing Mill.
  • The agreement allows ore from any Aureka-nominated project.
  • Comstock positioned as the first production project.
  • Comstock is located 45km from the Wedderburn Mill.
  • JORC Inferred Mineral Resource of 56koz gold at Comstock.
  • Further studies and drilling planned for Comstock.
  • Aureka considering future production for Irvine Gold Project.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.