AKA: FY26 Annual Report to Shareholders
Original announcement by asx on
- Company
- Aureka Limited
- Ticker
- AKA
- Exchange
- ASX
- Region
- Victoria, Australia
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Drill results, Resource update, Agreement transaction
- Extracted
- 2026-09-29 23:32:40 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Aureka Limited's annual report for FY26 highlights significant operational advancements, including a 50% increase in global JORC gold resources to 455koz, driven by high-grade drill intercepts at the Irvine and Comstock projects in Victoria, Australia. The company also secured strategic land access, engaged in a toll milling agreement, and completed a successful $3.6 million share placement to fund exploration. Post-period, Aureka announced the acquisition of High Grade Holdings, including an operating mine and processing mill.
Reasoning: Aureka Limited's annual report highlights significant operational advancements, including a 50% increase in global JORC gold resources, high-grade drill intercepts, and strategic acquisitions and partnerships.
Positive factors
- Substantial increase in global JORC resources
- Multiple high-grade drill intercepts
- Strategic land access secured
- Toll milling agreement signed
- Acquisition of operating mine and mill
Facts used in scoring: 24
Extracted facts
Stored fact records: 24. Some facts used in scoring do not have a stored record.
Drill Results (13)
25NED001Comstock · goldGrade: 4.24Grade Unit: g/tIntercept: 6.9 mView all detailsHide details
Identity
- Hole ID
- 25NED001
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 4.24
- Grade Unit
- g/t
- Intercept
- 6.9 m
- From
- 422.1 m
- To
- 429 m
- Intercept Depth
- 422.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED001:422.1-429
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: High-grade gold intercept from exploration drilling at Comstock project.
Positive factors
- High-grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“6.9m @ 4.24g/t Au from 422.1m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“6.9m @ 4.24g/t Au from 422.1m”
25NED001Comstock · goldGrade: 18.6Grade Unit: g/tIntercept: 0.75 mView all detailsHide details
Identity
- Hole ID
- 25NED001
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 18.6
- Grade Unit
- g/t
- Intercept
- 0.75 m
- From
- 422.1 m
- To
- 422.85 m
- Intercept Depth
- 422.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED001:422.1-422.85
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bonanza grade gold sub-intercept from exploration drilling at Comstock project.
Positive factors
- Bonanza grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.75m @ 18.6g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 18.6 g/t Au is well above the 15 g/t exceptional threshold for underground gold.
Evidence · text
“0.75m @ 18.6g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.75m @ 18.6g/t Au”
25NED001Comstock · goldGrade: 4.71Grade Unit: g/tIntercept: 3.2 mView all detailsHide details
Identity
- Hole ID
- 25NED001
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 4.71
- Grade Unit
- g/t
- Intercept
- 3.2 m
- From
- 434 m
- To
- 437.2 m
- Intercept Depth
- 422.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED001:434-437.2
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: High-grade gold intercept from exploration drilling at Comstock project.
Positive factors
- High-grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“3.2m @ 4.71g/t Au from 434.0m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“3.2m @ 4.71g/t Au from 434.0m”
25NED001Comstock · goldGrade: 19.9Grade Unit: g/tIntercept: 0.6 mView all detailsHide details
Identity
- Hole ID
- 25NED001
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 19.9
- Grade Unit
- g/t
- Intercept
- 0.6 m
- From
- 434 m
- To
- 434.6 m
- Intercept Depth
- 422.1 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED001:434-434.6
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bonanza grade gold sub-intercept from exploration drilling at Comstock project.
Positive factors
- Bonanza grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.6m @ 19.9g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 19.9 g/t Au is well above the 15 g/t exceptional threshold for underground gold.
Evidence · text
“0.6m @ 19.9g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.6m @ 19.9g/t Au”
RD048Irvine · goldGrade: 12.1Grade Unit: g/tIntercept: 10 mView all detailsHide details
Identity
- Hole ID
- RD048
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 12.1
- Grade Unit
- g/t
- Intercept
- 10 m
- From
- 413 m
- To
- 423 m
- Intercept Depth
- 413 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RD048:413-423
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: High-grade gold intercept from Irvine project, reaffirming the Tenacity Hanging Wall Fault as a high-priority target.
Positive factors
- High-grade gold intercept
- Reaffirms high-priority target
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“10m @ 12.1g/t Au from 413m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“10m @ 12.1g/t Au from 413m”
RD048Irvine · goldGrade: 183Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- RD048
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 183
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 413 m
- To
- 413.3 m
- Intercept Depth
- 413 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RD048:413-413.3
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Exceptional bonanza grade gold sub-intercept, the highest since discovery, at Irvine project.
Positive factors
- Bonanza grade gold intercept
- Highest-grade assay since discovery
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.3m @ 183g/t Au from 413m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 183 g/t Au is well above the 15 g/t exceptional threshold for underground gold.
Evidence · text
“0.3m @ 183g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.3m @ 183g/t Au”
RD048Irvine · goldGrade: 64.3Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- RD048
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 64.3
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 413.8 m
- To
- 414.1 m
- Intercept Depth
- 413 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RD048:413.8-414.1
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bonanza grade gold sub-intercept from Irvine project.
Positive factors
- Bonanza grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.3m @ 64.3g/t Au from 413.8m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 64.3 g/t Au is well above the 15 g/t exceptional threshold for underground gold.
Evidence · text
“0.3m @ 64.3g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.3m @ 64.3g/t Au”
RD048Irvine · goldGrade: 6.13Grade Unit: g/tIntercept: 5.66 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- RD048
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 6.13
- Grade Unit
- g/t
- Intercept
- 5.66 m
- From
- 489.34 m
- To
- 495 m
- Intercept Depth
- 413 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RD048:489.34-495
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: High-grade gold intercept from Irvine project Resolution Lode footwall.
Positive factors
- High-grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“5.66m @ 6.13g/t Au from 489.34m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“5.66m @ 6.13g/t Au from 489.34m”
RD048Irvine · goldGrade: 85.8Grade Unit: g/tIntercept: 0.38 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- RD048
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 85.8
- Grade Unit
- g/t
- Intercept
- 0.38 m
- From
- 492.18 m
- To
- 492.56 m
- Intercept Depth
- 413 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RD048:492.18-492.56
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Exceptional bonanza grade gold sub-intercept from Irvine project Resolution Lode footwall.
Positive factors
- Bonanza grade gold intercept
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.38m @ 85.8g/t Au from 492.18m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 85.8 g/t Au is well above the 15 g/t exceptional threshold for underground gold.
Evidence · text
“0.38m @ 85.8g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.38m @ 85.8g/t Au”
25NED004Comstock · silverGrade: 650Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- 25NED004
- Project
- Comstock
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 650
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 192 m
- To
- 192.3 m
- Intercept Depth
- 192 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED004:192-192.3
- Mining Method
- unknown
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: High-grade silver intercept with coincident gold from a newly identified structure at Comstock project.
Positive factors
- High-grade silver intercept
- New structure identified
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.3m @ 650g/t Ag and 1.91g/t Au from 192m (25NED004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 650 g/t Ag is above the 500 g/t exceptional threshold for silver.
Evidence · text
“0.3m @ 650g/t Ag”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.3m @ 650g/t Ag”
25NED004Comstock · goldGrade: 1.91Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- 25NED004
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 1.91
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 192 m
- To
- 192.3 m
- Intercept Depth
- 192 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED004:192-192.3
- Mining Method
- unknown
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Gold intercept coincident with high-grade silver from a newly identified structure at Comstock project.
Positive factors
- Gold intercept coincident with high-grade silver
- New structure identified
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.3m @ 650g/t Ag and 1.91g/t Au from 192m (25NED004)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.3m @ 1.91g/t Au”
25NED007Comstock · goldGrade: 31.5Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- 25NED007
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 31.5
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 127.5 m
- To
- 127.8 m
- Intercept Depth
- 127.5 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- 25NED007:127.5-127.8
- Mining Method
- unknown
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Bonanza grade gold intercept from a newly identified structure at Comstock project.
Positive factors
- Bonanza grade gold intercept
- New gold bearing structure identified
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“0.3m @ 31.5g/t Au from 127.5m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 31.5 g/t Au is well above the 5 g/t exceptional threshold for open pit gold (default for unknown mining method at shallow depth).
Evidence · text
“0.3m @ 31.5g/t Au”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“0.3m @ 31.5g/t Au”
RD049Irvine · goldGrade: 1.54Grade Unit: g/tIntercept: 18.4 mView all detailsHide details
Identity
- Hole ID
- RD049
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 1.54
- Grade Unit
- g/t
- Intercept
- 18.4 m
- From
- 425.8 m
- To
- 444.2 m
- Intercept Depth
- 425.8 m
Classification
- Program
- exploration
- Sample Type
- drill
- Group ID
- RD049:425.8-444.2
- Mining Method
- underground
QA/QC
- QP Signed
- No
Metal Equivalent
- Assumptions Disclosed
- No
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Significant width gold intercept reaffirming the fertility and continuity of the Tenacity structure at Irvine project.
Positive factors
- Significant width gold intercept
- Reaffirms fertility and continuity of Tenacity structure
Negative factors
- Apparent width only
- No QA/QC disclosure
Evidence · text
“18.4m @ 1.54g/t Au from 425.8m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: Interval given as downhole width with no true width or drill orientation.
Evidence · text
“18.4m @ 1.54g/t Au from 425.8m”
Resource Estimates (11)
inferredIrvine · goldTonnes: 1775000Grade: 2.16Grade Unit: g/tContained Metal: 123Contained Unit: kozView all detailsHide details
Identity
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:e039b61f7ef83ea1b805
- Deposit or zone
- Resolution Lode
Resource Data
- Category
- inferred
- Tonnes
- 1775000
- Grade
- 2.16
- Grade Unit
- g/t
- Contained Metal
- 123
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 361
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Inferred open pit resource for Resolution Lode showing growth in tonnage and contained metal.
Positive factors
- Tonnage growth
- Contained metal growth
Negative factors
- Inferred resource
- No QP/CP disclosure
Evidence · table
“1,775,000”
Context: 1,775,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All categories are Inferred, which is a speculative category.
Evidence · table
“Inferred”
Context: 1,775,000
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The statement conforms to the JORC Code 2012 Edition.
Evidence · text
“conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 123 against 361 previously
inferredIrvine · goldTonnes: 680000Grade: 1.85Grade Unit: g/tContained Metal: 40.3Contained Unit: kozView all detailsHide details
Identity
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:c5a8801a8066fbb977f8
- Deposit or zone
- Adventure Lode
Resource Data
- Category
- inferred
- Tonnes
- 680000
- Grade
- 1.85
- Grade Unit
- g/t
- Contained Metal
- 40.3
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 361
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Inferred open pit resource for Adventure Lode.
Positive factors
- JORC compliant
Negative factors
- Inferred resource
- No QP/CP disclosure
Evidence · table
“680,000”
Context: 680,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All categories are Inferred, which is a speculative category.
Evidence · table
“Inferred”
Context: 680,000
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The statement conforms to the JORC Code 2012 Edition.
Evidence · text
“conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 40.3 against 361 previously
inferredIrvine · goldTonnes: 2335000Grade: 3.13Grade Unit: g/tContained Metal: 235Contained Unit: kozView all detailsHide details
Identity
- Project
- Irvine
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:cde1f5116303029a4847
- Deposit or zone
- Resolution Lode
Resource Data
- Category
- inferred
- Tonnes
- 2335000
- Grade
- 3.13
- Grade Unit
- g/t
- Contained Metal
- 235
- Contained Unit
- koz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 361
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Inferred underground resource for Resolution Lode showing significant growth in tonnage and contained metal.
Positive factors
- Tonnage growth
- Contained metal growth
Negative factors
- Inferred resource
- No QP/CP disclosure
Evidence · table
“2,335,000”
Context: 2,335,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All categories are Inferred, which is a speculative category.
Evidence · table
“Inferred”
Context: 2,335,000
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The statement conforms to the JORC Code 2012 Edition.
Evidence · text
“conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 235 against 361 previously
inferredComstock · goldTonnes: 1450000Grade: 1.21Grade Unit: g/tContained Metal: 56.5Contained Unit: kozView all detailsHide details
Identity
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- No
- Resource group id
- resource:d67a46fc64366bc563a2
- Deposit or zone
- Comstock
Resource Data
- Category
- inferred
- Tonnes
- 1450000
- Grade
- 1.21
- Grade Unit
- g/t
- Contained Metal
- 56.5
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-30
- Prior Contained Metal
- 361
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Inferred resource for Comstock project.
Positive factors
- JORC compliant
Negative factors
- Inferred resource
- No QP/CP disclosure
Evidence · table
“1,450,000”
Context: 1,450,000
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All categories are Inferred, which is a speculative category.
Evidence · table
“Inferred”
Context: 1,450,000
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: The statement conforms to the JORC Code 2012 Edition.
Evidence · text
“conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code) 2012 Edition”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 56.5 against 361 previously
Fact 5View all detailsHide details
Identity
- Ticker
- AKA
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Successful share placement raising $3.6 million to fund exploration activities.
Positive factors
- Successful placement
- Funds for exploration and strategic initiatives
Evidence · text
“On 16 December 2025 (8), Aureka completed a highly successful share placement of $3.6 million to new and existing wholesale investors at $0.14 per share.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 6View all detailsHide details
Identity
- Ticker
- AKA
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Divestment of Tandarra JV interest for cash to fund continued diamond drilling.
Positive factors
- Cash proceeds for exploration
Evidence · text
“On 10 November 2025, Aureka agreed to exit its interest in the Tandarra Joint Venture (JV) for cash consideration of $1.275m (before costs)”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 7View all detailsHide details
Identity
- Ticker
- AKA
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Strategic partnership to secure permanent land access around the Irvine Project, maximizing exploration spend.
Positive factors
- Secured permanent land access
- Maximises exploration spending
Evidence · text
“On 3 December 2025 Aureka announced a new strategic partnership with privately-owned, Australian resident mining company, RDI Mining Pty Ltd and other investors to hold or own land for the benefit of Aureka”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 8View all detailsHide details
Identity
- Ticker
- AKA
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Binding toll milling agreement secured for the Wedderburn Gold Processing Mill, supporting future production.
Positive factors
- Secured processing capacity
- Supports early mining commencement
Evidence · text
“On 14 July 2026, the Company announced that it signed a binding toll milling agreement with High Grade Holdings (HGH), the parent company of Core Prospecting Pty Ltd and Vanning Resources Pty Ltd, owners of the Wedderburn Gold Processing Mill.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 9View all detailsHide details
Identity
- Ticker
- AKA
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Acquisition of High Grade Holdings, including an operating mine and processing mill, for $8.9 million.
Positive factors
- Acquisition of operating mine and mill
- Vertical integration
Evidence · text
“On 7 September 2026, the Company announced that it entered into a binding Share Sale Agreement to acquire 100% of HGH, including the operating high grade underground Fiddlers Creek Gold & Silver Mine, and the Wedderburn Gold Processing Mill. The base acquisition consideration is $8.9 million”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 10Comstock · goldView all detailsHide details
Identity
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Resource group id
- resource:9d0b31f01b3649c2056a
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Engagement of specialists to assess regulatory pathway and logistics for possible early mining commencement at Comstock.
Positive factors
- Assessment for early mining commencement
Evidence · text
“On 8 December 2025, the Aureka announced (7) it had engaged Victorian small-scale gold production specialists Core Prospecting Pty Ltd to undertake a scope of works to assess the regulatory pathway, engineering, logistics and targeted drilling required to prepare Comstock for possible early mining commencement.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
Fact 11Comstock · goldView all detailsHide details
Identity
- Project
- Comstock
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Resource group id
- resource:9d0b31f01b3649c2056a
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-09-29T00:00:00.000Z
Reasoning: Application for a Prospecting Licence at Comstock to permit small-scale production activities.
Positive factors
- Application for small production licence
Evidence · text
“On 1 July 2026, the Company announced it had applied for a Prospecting Licence (small production licence) at the St Arnaud Comstock Gold & Silver Project site.”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.