# AKA: FY26 Annual Report to Shareholders Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03145700 Publisher: asx Original announcement: 2026-09-29T22:16:00.000Z Analysis by Minestarters Atlas Atlas analysis published: 2026-09-29T23:32:39.683Z Atlas analysis updated: 2026-09-29T23:32:39.683Z - 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 Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas 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 factor: Substantial increase in global JORC resources - Positive factor: Multiple high-grade drill intercepts - Positive factor: Strategic land access secured - Positive factor: Toll milling agreement signed - Positive factor: Acquisition of operating mine and mill Facts used in scoring: 24 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 24. Some facts used in scoring do not have a stored record. ## Drill Results (13) ### 25NED001 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-0) Comstock · gold #### 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 factor: High-grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 6.9m @ 4.24g/t Au from 422.1m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25NED001 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-1) Comstock · gold #### 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 factor: Bonanza grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 0.75m @ 18.6g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25NED001 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-2) Comstock · gold #### 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 factor: High-grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 3.2m @ 4.71g/t Au from 434.0m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25NED001 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-3) Comstock · gold #### 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 factor: Bonanza grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 0.6m @ 19.9g/t Au #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### RD048 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-4) Irvine · gold #### 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 factor: High-grade gold intercept - Positive factor: Reaffirms high-priority target - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 10m @ 12.1g/t Au from 413m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### RD048 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-5) Irvine · gold #### 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 factor: Bonanza grade gold intercept - Positive factor: Highest-grade assay since discovery - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 0.3m @ 183g/t Au from 413m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### RD048 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-6) Irvine · gold #### 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 factor: Bonanza grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 0.3m @ 64.3g/t Au from 413.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### RD048 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-7) Irvine · gold Historical result Needs review: historical\_restatement #### 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 factor: High-grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 5.66m @ 6.13g/t Au from 489.34m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### RD048 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-8) Irvine · gold Historical result Needs review: historical\_restatement #### 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 factor: Bonanza grade gold intercept - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 0.38m @ 85.8g/t Au from 492.18m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25NED004 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-9) Comstock · silver #### 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 factor: High-grade silver intercept - Positive factor: New structure identified - Negative factor: Apparent width only - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25NED004 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-10) Comstock · gold #### 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 factor: Gold intercept coincident with high-grade silver - Positive factor: New structure identified - Negative factor: Apparent width only - Negative factor: 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 Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### 25NED007 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-11) Comstock · gold #### 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 factor: Bonanza grade gold intercept - Positive factor: New gold bearing structure identified - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 0.3m @ 31.5g/t Au from 127.5m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Bonanza Intercept** — Rejected; excluded from scoring Polarity: positive Definition: 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 Only** — Rejected; excluded from scoring Polarity: negative Definition: 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 ### RD049 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-drill-facts-12) Irvine · gold #### 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 factor: Significant width gold intercept - Positive factor: Reaffirms fertility and continuity of Tenacity structure - Negative factor: Apparent width only - Negative factor: No QA/QC disclosure Evidence · text > 18.4m @ 1.54g/t Au from 425.8m #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated #### Rejected tags **Apparent Width Only** — Rejected; excluded from scoring Polarity: negative Definition: 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) ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-13) Irvine · gold #### 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 factor: Tonnage growth - Positive factor: Contained metal growth - Negative factor: Inferred resource - Negative factor: No QP/CP disclosure Evidence · table > 1,775,000 Context: 1,775,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 123 against 361 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-14) Irvine · gold #### 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 factor: JORC compliant - Negative factor: Inferred resource - Negative factor: No QP/CP disclosure Evidence · table > 680,000 Context: 680,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 40.3 against 361 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-15) Irvine · gold #### 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 factor: Tonnage growth - Positive factor: Contained metal growth - Negative factor: Inferred resource - Negative factor: No QP/CP disclosure Evidence · table > 2,335,000 Context: 2,335,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 235 against 361 previously ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-16) Comstock · gold #### 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 factor: JORC compliant - Negative factor: Inferred resource - Negative factor: No QP/CP disclosure Evidence · table > 1,450,000 Context: 1,450,000 #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: 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 Compliant** Polarity: positive Definition: 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is stated **Contained Metal Decline** Polarity: negative Definition: Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain. Why it applies: 56.5 against 361 previously ### Fact 5 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-17) #### 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 factor: Successful placement - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 6 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-18) #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 7 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-19) #### 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 factor: Secured permanent land access - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 8 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-20) #### 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 factor: Secured processing capacity - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 9 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-21) #### 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 factor: Acquisition of operating mine and mill - Positive factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 10 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-22) Comstock · gold #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting. Why it applies: contained\_metal was not reported ### Fact 11 [Link to this fact](https://atlas-staging.minestarters.com/news/aka-fy26-annual-report-to-shareholders--4e001fbd-d474-4fa5-9bc7-32b36433208f#fact-resource-facts-23) Comstock · gold #### 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 factor: 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 Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **No Contained Metal** Polarity: negative Definition: 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.