AKA: Investor Presentation - Microcap Investment Conference
Original announcement by asx on
- Company
- Aureka Limited
- Ticker
- AKA
- Exchange
- ASX
- Region
- Victoria, Australia
- Primary commodity
- Gold
- Secondary commodities
- Silver, Lead
- Document categories
- Resource update, Drill results, Agreement transaction, Metallurgy
- Extracted
- 2026-10-21 00:13:19 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Aureka Limited presented an investor update highlighting its transition to a high-grade gold producer in Victoria, Australia. The company reported an increase in its Inferred JORC Resources to 455koz gold across its Irvine and Comstock projects and detailed the acquisition of the Wedderburn Mill and Fiddlers Creek Mine, which commenced production in July 2025. The presentation also included recent high-grade drill results from Comstock and Fiddlers Creek, alongside plans for near-term growth and exploration.
Reasoning: Aureka Limited's investor presentation highlights a strong growth trajectory, marked by a substantial increase in gold resources, the strategic acquisition of producing assets, and promising high-grade drill results. While the resources are currently Inferred, the overall picture is positive with clear plans for production and further exploration.
Positive factors
- Significant increase in total JORC Inferred Resources to 455koz gold, representing 50% growth since ASX debut.
- Strategic acquisition of an operating mill (Wedderburn) and mine (Fiddlers Creek) transitions the company to a gold producer.
- Recent high-grade drill intercepts from Comstock and Fiddlers Creek demonstrate ongoing exploration success and potential for resource expansion.
- The company is debt-free with a clear growth strategy and near-term catalysts.
Negative factors
- All reported Mineral Resources are in the Inferred category, indicating a lower level of geological confidence.
- Some drill results presented are legacy/historical, and the Fiddlers Creek production data is unaudited.
- Exploration Targets are conceptual and do not constitute Mineral Resources.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 29
Classification and evidence
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: All reported Mineral Resources are explicitly stated as 'all Inferred' and '100% inferred'.
Evidence · text
“Mineral Resources – Aureka Mineral Resources (all Inferred)”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Mineral Resources and Exploration Targets are stated to be prepared and reported in accordance with the 2012 edition of the JORC Code.
Evidence · text
“The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: The Competent Person Statement on page 2 confirms that the information relating to Mineral Resources and Exploration Targets is extracted from prior ASX announcements and that the form and context of the Competent Persons’ findings have not been materially modified. Mr Jozef Story is named as the Competent Person for Fiddlers Creek exploration results.
Evidence · text
“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. ... 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.”
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: The company states an 'Increase in Inferred JORC Resources to 455koz 50% higher than ASX debut' from 304koz.
Evidence · text
“Increase in Inferred JORC Resources to 455koz 50% higher than ASX debut”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades are explicitly stated for each resource category in the Mineral Resources table.
Evidence · table
“≥0.5”
Context: Resolution Open Pit
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: The intercept FKH08 includes 0.06m @ 786.1 g/t Au, which is an exceptionally high grade.
Evidence · table
“0.06m @ 786.1 g/t Au from 20.13m”
Context: FKH08
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: The drill results for Fiddlers Creek are explicitly labeled as 'legacy drill intercepts (previously not reported to ASX)' and 'Legacy results not previously reported in an ASX context'.
Evidence · text
“High-grade legacy drill results Refer ASX release 30 September 2026: Drilling Commences at Fiddlers Creek. Legacy results not previously reported in an ASX context.”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The Competent Person Statement refers to JORC Code compliance and Mr Jozef Story's review of exploration results, implying QA/QC procedures are in place.
Evidence · text
“The Exploration Target has been prepared and reported in accordance with the 2012 edition of the JORC Code.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a flotation route ("flotation")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Extracted facts
Stored fact records: 29. Some facts used in scoring do not have a stored record.
Drill Results (18)
FKH08Fiddlers Creek · goldGrade: 40.48Grade Unit: g/tIntercept: 1.19 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FKH08
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 40.48
- Grade Unit
- g/t
- Intercept
- 1.19 m
- From
- 19 m
- To
- 20.19 m
- Intercept Depth
- 19 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FKH08:19-20.19
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy high-grade gold intercept from Fiddlers Creek, including a bonanza sub-interval, indicates strong mineralization potential, though it is not a new result.
Positive factors
- Very high-grade gold intercept (40.48 g/t Au) for an underground target.
- Includes an exceptional bonanza grade sub-interval (786.1 g/t Au).
Negative factors
- Result is legacy data, not new.
- Intercept length is narrow (1.19m).
Evidence · table
“40.48 g/t Au”
Context: FKH08
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FKH08Fiddlers Creek · goldGrade: 786.1Grade Unit: g/tIntercept: 0.06 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FKH08
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 786.1
- Grade Unit
- g/t
- Intercept
- 0.06 m
- From
- 20.13 m
- To
- 20.19 m
- Intercept Depth
- 20.13 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FKH08:20.13-20.19
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy bonanza-grade gold intercept from Fiddlers Creek highlights very high-grade mineralization, despite its narrow width and historical nature.
Positive factors
- Exceptional bonanza grade gold intercept (786.1 g/t Au).
Negative factors
- Result is legacy data, not new.
- Intercept length is extremely narrow (0.06m).
Evidence · table
“786.1 g/t Au”
Context: FKH08
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FDDH008Fiddlers Creek · goldGrade: 31.09Grade Unit: g/tIntercept: 1.57 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FDDH008
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 31.09
- Grade Unit
- g/t
- Intercept
- 1.57 m
- From
- 135.14 m
- To
- 136.71 m
- Intercept Depth
- 135.14 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FDDH008:135.14-136.71
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy high-grade gold intercept from Fiddlers Creek, including a very high-grade sub-interval, indicates strong mineralization potential at depth, though it is not a new result.
Positive factors
- High-grade gold intercept (31.09 g/t Au) for an underground target.
- Includes a very high-grade sub-interval (134 g/t Au).
Negative factors
- Result is legacy data, not new.
- Intercept length is narrow (1.57m).
Evidence · table
“31.09 g/t Au”
Context: FDDH008
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FDDH008Fiddlers Creek · goldGrade: 134Grade Unit: g/tIntercept: 0.26 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FDDH008
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 134
- Grade Unit
- g/t
- Intercept
- 0.26 m
- From
- 136.45 m
- To
- 136.71 m
- Intercept Depth
- 136.45 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FDDH008:136.45-136.71
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy very high-grade gold intercept from Fiddlers Creek highlights strong mineralization, despite its narrow width and historical nature.
Positive factors
- Very high-grade gold intercept (134 g/t Au).
Negative factors
- Result is legacy data, not new.
- Intercept length is very narrow (0.26m).
Evidence · table
“134 g/t Au”
Context: FDDH008
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FDDH012Fiddlers Creek · goldGrade: 21.21Grade Unit: g/tIntercept: 1.87 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FDDH012
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 21.21
- Grade Unit
- g/t
- Intercept
- 1.87 m
- From
- 97.23 m
- To
- 99.1 m
- Intercept Depth
- 97.23 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FDDH012:97.23-99.1
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy high-grade gold intercept from Fiddlers Creek, including a very high-grade sub-interval, indicates strong mineralization potential, though it is not a new result.
Positive factors
- High-grade gold intercept (21.21 g/t Au) for an underground target.
- Includes a very high-grade sub-interval (156 g/t Au).
Negative factors
- Result is legacy data, not new.
- Intercept length is narrow (1.87m).
Evidence · table
“21.21 g/t Au”
Context: FDDH012
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FDDH012Fiddlers Creek · goldGrade: 156Grade Unit: g/tIntercept: 0.19 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FDDH012
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 156
- Grade Unit
- g/t
- Intercept
- 0.19 m
- From
- 98.91 m
- To
- 99.1 m
- Intercept Depth
- 98.91 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FDDH012:98.91-99.1
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy very high-grade gold intercept from Fiddlers Creek highlights strong mineralization, despite its narrow width and historical nature.
Positive factors
- Very high-grade gold intercept (156 g/t Au).
Negative factors
- Result is legacy data, not new.
- Intercept length is very narrow (0.19m).
Evidence · table
“156 g/t Au”
Context: FDDH012
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FKH031Fiddlers Creek · silverGrade: 1600Grade Unit: g/tIntercept: 0.35 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FKH031
- Project
- Fiddlers Creek
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 1600
- Grade Unit
- g/t
- Intercept
- 0.35 m
- From
- 23.35 m
- To
- 23.7 m
- Intercept Depth
- 23.35 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FKH031:23.35-23.7
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy exceptional high-grade silver intercept from Fiddlers Creek matches prior best results, indicating significant silver mineralization, though it is not a new result.
Positive factors
- Exceptional high-grade silver intercept (1600 g/t Ag).
- Matches the best prior silver intercept for Fiddlers Creek.
Negative factors
- Result is legacy data, not new.
- Intercept length is very narrow (0.35m).
Evidence · table
“1,600 g/t Ag”
Context: FKH031
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
FKH031Fiddlers Creek · goldGrade: 1.2Grade Unit: g/tIntercept: 0.35 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- FKH031
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 1.2
- Grade Unit
- g/t
- Intercept
- 0.35 m
- From
- 23.35 m
- To
- 23.7 m
- Intercept Depth
- 23.35 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- FKH031:23.35-23.7
- Mining Method
- underground
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This legacy gold intercept from Fiddlers Creek is low-grade for an underground target and narrow, offering limited positive impact, and is not a new result.
Negative factors
- Result is legacy data, not new.
- Gold grade (1.2 g/t Au) is below the project average and not particularly high-grade for an underground target.
- Intercept length is very narrow (0.35m).
Evidence · table
“1.2 g/t Au”
Context: FKH031
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Stale Data Re-releasenegative
Historical results re-announced with no new assays or reinterpretation — low genuine novelty.
Why it applies: the fact restates a prior release
NED032Comstock Gold & · goldGrade: 8.9Grade Unit: g/tIntercept: 4.4 mView all detailsHide details
Identity
- Hole ID
- NED032
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 8.9
- Grade Unit
- g/t
- Intercept
- 4.4 m
- From
- 102.8 m
- To
- 107.2 m
- Intercept Depth
- 102.8 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED032:102.8-107.2
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new high-grade gold intercept from Comstock, with a good width and including a very high-grade sub-interval, represents a strong exploration result.
Positive factors
- Strong gold grade (8.9 g/t Au) for an open-pit target.
- Good intercept length (4.4m).
- Includes a very high-grade sub-interval (65.3 g/t Au).
- New drill result, contributing to current exploration success.
Evidence · text
“4.4m @ 8.9g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED032Comstock Gold & · silverGrade: 57.8Grade Unit: g/tIntercept: 4.4 mView all detailsHide details
Identity
- Hole ID
- NED032
- Project
- Comstock Gold &
- Commodity
- silver
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 57.8
- Grade Unit
- g/t
- Intercept
- 4.4 m
- From
- 102.8 m
- To
- 107.2 m
- Intercept Depth
- 102.8 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED032:102.8-107.2
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new silver intercept from Comstock is of moderate grade, contributing to the overall mineralization picture but not representing a standout result for silver.
Positive factors
- New drill result, contributing to current exploration success.
Negative factors
- Silver grade (57.8 g/t Ag) is moderate and significantly below the project's best prior intercept (650 g/t Ag).
Evidence · text
“57.8g/t Ag”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED032Comstock Gold & · goldGrade: 65.3Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- NED032
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 65.3
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 106.2 m
- To
- 106.5 m
- Intercept Depth
- 106.2 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED032:106.2-106.5
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new very high-grade gold intercept from Comstock, though narrow, indicates strong localized mineralization and is a positive exploration result.
Positive factors
- Very high-grade gold intercept (65.3 g/t Au).
- New drill result, contributing to current exploration success.
Negative factors
- Intercept length is very narrow (0.3m).
Evidence · text
“0.3m @ 65.3g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED034Comstock Gold & · goldGrade: 5.65Grade Unit: g/tIntercept: 0.8 mView all detailsHide details
Identity
- Hole ID
- NED034
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 5.65
- Grade Unit
- g/t
- Intercept
- 0.8 m
- From
- 19.25 m
- To
- 20.05 m
- Intercept Depth
- 19.25 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED034:19.25-20.05
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new shallow gold intercept from Comstock is of moderate grade and narrow width, providing a positive but not exceptional exploration result.
Positive factors
- New drill result, contributing to current exploration success.
- Shallow intercept, potentially amenable to open-pit mining.
Negative factors
- Intercept length is narrow (0.8m).
- Gold grade (5.65 g/t Au) is moderate for an open-pit target.
Evidence · text
“0.8m @ 5.65g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED034Comstock Gold & · goldGrade: 57Grade Unit: g/tIntercept: 0.7 mView all detailsHide details
Identity
- Hole ID
- NED034
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 57
- Grade Unit
- g/t
- Intercept
- 0.7 m
- From
- 45.5 m
- To
- 46.2 m
- Intercept Depth
- 45.5 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED034:45.5-46.2
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new very high-grade gold intercept from Comstock, though narrow, indicates strong localized mineralization and is a positive exploration result.
Positive factors
- Very high-grade gold intercept (57 g/t Au).
- New drill result, contributing to current exploration success.
Negative factors
- Intercept length is very narrow (0.7m).
Evidence · text
“0.7m @ 57g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED035Comstock Gold & · goldGrade: 5.78Grade Unit: g/tIntercept: 2.65 mView all detailsHide details
Identity
- Hole ID
- NED035
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 5.78
- Grade Unit
- g/t
- Intercept
- 2.65 m
- From
- 20.5 m
- To
- 23.15 m
- Intercept Depth
- 20.5 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED035:20.5-23.15
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new shallow gold intercept from Comstock, with a moderate grade and including a high-grade sub-interval, represents a positive exploration result.
Positive factors
- New drill result, contributing to current exploration success.
- Includes a high-grade sub-interval (34.2 g/t Au).
- Shallow intercept, potentially amenable to open-pit mining.
Negative factors
- Gold grade (5.78 g/t Au) is moderate for an open-pit target.
Evidence · text
“2.65m @ 5.78g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED035Comstock Gold & · goldGrade: 34.2Grade Unit: g/tIntercept: 0.35 mView all detailsHide details
Identity
- Hole ID
- NED035
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 34.2
- Grade Unit
- g/t
- Intercept
- 0.35 m
- From
- 21.5 m
- To
- 21.85 m
- Intercept Depth
- 21.5 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED035:21.5-21.85
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new high-grade gold intercept from Comstock, though narrow, indicates strong localized mineralization and is a positive exploration result.
Positive factors
- High-grade gold intercept (34.2 g/t Au).
- New drill result, contributing to current exploration success.
Negative factors
- Intercept length is very narrow (0.35m).
Evidence · text
“0.35m @ 34.2g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED033Comstock Gold & · goldGrade: 21.3Grade Unit: g/tIntercept: 0.3 mView all detailsHide details
Identity
- Hole ID
- NED033
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 21.3
- Grade Unit
- g/t
- Intercept
- 0.3 m
- From
- 35.6 m
- To
- 35.9 m
- Intercept Depth
- 35.6 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED033:35.6-35.9
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new high-grade gold intercept from Comstock, though very narrow, indicates strong localized mineralization and is a positive exploration result.
Positive factors
- High-grade gold intercept (21.3 g/t Au).
- New drill result, contributing to current exploration success.
Negative factors
- Intercept length is very narrow (0.3m).
Evidence · text
“0.3m @ 21.3g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED033Comstock Gold & · goldGrade: 5.63Grade Unit: g/tIntercept: 1.9 mView all detailsHide details
Identity
- Hole ID
- NED033
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 5.63
- Grade Unit
- g/t
- Intercept
- 1.9 m
- From
- 56.5 m
- To
- 58.4 m
- Intercept Depth
- 56.5 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED033:56.5-58.4
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new gold intercept from Comstock, with a moderate grade and including a high-grade sub-interval, represents a positive exploration result.
Positive factors
- New drill result, contributing to current exploration success.
- Includes a high-grade sub-interval (11.1 g/t Au).
Negative factors
- Gold grade (5.63 g/t Au) is moderate for an open-pit target.
Evidence · text
“1.9m @ 5.63g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
NED033Comstock Gold & · goldGrade: 11.1Grade Unit: g/tIntercept: 0.9 mView all detailsHide details
Identity
- Hole ID
- NED033
- Project
- Comstock Gold &
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- australia_vic
- Ticker
- AKA
Geometry
- Grade
- 11.1
- Grade Unit
- g/t
- Intercept
- 0.9 m
- From
- 56.5 m
- To
- 57.4 m
- Intercept Depth
- 56.5 m
Classification
- Deposit Type
- orogenic
- Sample Type
- drill
- Group ID
- NED033:56.5-57.4
- Mining Method
- open_pit
QA/QC
- QA/QC Disclosed
- Yes
- QP Signed
- Yes
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This new high-grade gold intercept from Comstock indicates strong localized mineralization and is a positive exploration result.
Positive factors
- High-grade gold intercept (11.1 g/t Au).
- New drill result, contributing to current exploration success.
Evidence · text
“0.9m @11.1g/t Au”
Tags used in scoring
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: qaqc_disclosed is 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
Resource Estimates (9)
inferredIrvine · goldTonnes: 1775000Grade: 2.16Grade Unit: g/tContained Metal: 123000Contained Unit: ozView 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
- Yes
- Qualified person names
- Competent Person(s) as per Original Announcements
- Resource group id
- resource:d227476dae3ebc1a30da
- Deposit or zone
- Resolution Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 1775000
- Grade
- 2.16
- Grade Unit
- g/t
- Contained Metal
- 123000
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-18
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This Inferred resource for the Resolution Open Pit contributes to the company's overall gold inventory, reported under JORC standards, but its effective date is from a prior announcement.
Positive factors
- Contributes to the overall increase in company's gold resources.
- Reported under JORC Code 2012, indicating a high standard of reporting.
Negative factors
- Resource is in the Inferred category, which has lower geological confidence.
- Effective date is from a prior announcement, so the novelty for this document is moderate.
Evidence · table
“1,775,000”
Context: Resolution Open Pit
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredIrvine · goldTonnes: 680000Grade: 1.85Grade Unit: g/tContained Metal: 40300Contained Unit: ozView 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
- Yes
- Qualified person names
- Competent Person(s) as per Original Announcements
- Resource group id
- resource:f360edea47013cc19fbf
- Deposit or zone
- Adventure Open Pit
Resource Data
- Category
- inferred
- Tonnes
- 680000
- Grade
- 1.85
- Grade Unit
- g/t
- Contained Metal
- 40300
- Contained Unit
- oz
- Cutoff Grade
- 0.6
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2021-03-30
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This Inferred resource for the Adventure Open Pit is part of the company's total gold resources, but it is based on an older estimate from March 2021.
Positive factors
- Contributes to the overall increase in company's gold resources.
- Reported under JORC Code 2012, indicating a high standard of reporting.
Negative factors
- Resource is in the Inferred category, which has lower geological confidence.
- Effective date is from a prior announcement (March 2021), making it historical data in this context.
Evidence · table
“680,000”
Context: Adventure Open Pit
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Stale Estimatenegative
Effective date is >2 years old — data currency concern, may not reflect current geological understanding.
Why it applies: effective date is 5.6 years before this release
inferredIrvine · goldTonnes: 2335000Grade: 3.13Grade Unit: g/tContained Metal: 235000Contained Unit: ozView 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
- Yes
- Qualified person names
- Competent Person(s) as per Original Announcements
- Resource group id
- resource:00c29398a0317b15b572
- Deposit or zone
- Resolution Underground
Resource Data
- Category
- inferred
- Tonnes
- 2335000
- Grade
- 3.13
- Grade Unit
- g/t
- Contained Metal
- 235000
- Contained Unit
- oz
- Cutoff Grade
- 1
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2026-06-18
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This Inferred resource for the Resolution Underground project adds a substantial amount of higher-grade gold to the company's inventory, reported under JORC standards, but is based on a prior estimate.
Positive factors
- Contributes significantly to the overall increase in company's gold resources.
- Reported under JORC Code 2012, indicating a high standard of reporting.
- Higher grade (3.13 g/t Au) for an underground target.
Negative factors
- Resource is in the Inferred category, which has lower geological confidence.
- Effective date is from a prior announcement, so the novelty for this document is moderate.
Evidence · table
“2,335,000”
Context: Resolution Underground
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredComstock (St Arnaud) · goldTonnes: 1450000Grade: 1.21Grade Unit: g/tContained Metal: 56500Contained Unit: ozView all detailsHide details
Identity
- Project
- Comstock (St Arnaud)
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Competent Person(s) as per Original Announcements
- Resource group id
- resource:5727518fd305f32b16a6
- Deposit or zone
- Comstock
Resource Data
- Category
- inferred
- Tonnes
- 1450000
- Grade
- 1.21
- Grade Unit
- g/t
- Contained Metal
- 56500
- Contained Unit
- oz
- Cutoff Grade
- 0.5
- Cutoff Unit
- g/t
Prior Estimate
- Resource Date
- 2025-06-13
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: This Inferred resource for the Comstock project adds to the company's gold inventory, reported under JORC standards, but is based on an older estimate from June 2025.
Positive factors
- Contributes to the overall increase in company's gold resources.
- Reported under JORC Code 2012, indicating a high standard of reporting.
Negative factors
- Resource is in the Inferred category, which has lower geological confidence.
- Effective date is from a prior announcement (June 2025), making it historical data in this context.
Evidence · table
“1,450,000”
Context: Comstock (St Arnaud)
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
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
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Fact 5Wedderburn Mill & Fiddlers Creek MineView all detailsHide details
Identity
- Project
- Wedderburn Mill & Fiddlers Creek Mine
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Resource group id
- resource:5a09d39a2784296d092c
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: The acquisition of the Wedderburn Mill and Fiddlers Creek Mine is a highly material and positive event, immediately transitioning Aureka into a gold producer with integrated processing capabilities and secured sales.
Positive factors
- Transforms the company from explorer to producer.
- Provides immediate production and cash flow.
- Includes a fully permitted mill with spare capacity.
- Secures an offtake agreement for 100% of Fiddlers Creek output.
Evidence · text
“Agreement to acquire Wedderburn Mill & Fiddlers Creek Mine”
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 6Fiddlers Creek MineView all detailsHide details
Identity
- Project
- Fiddlers Creek Mine
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Resource scope
- Resource group id
- resource:ad607badd5d3f825f83b
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: The offtake agreement for 100% of Fiddlers Creek Mine output provides immediate revenue certainty and de-risks the initial production phase, representing a significant positive for the company.
Positive factors
- Secures sales for 100% of Fiddlers Creek Mine output.
- Provides prompt payment terms.
- Reduces market risk for initial production.
Evidence · text
“Market-based offtake agreement for 100% of Fiddlers Creek Mine output for 12 months, extendable”
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
- 2026-10-20T00:00:00.000Z
Reasoning: The successful share placement at 12c per share raised substantial capital, with a significant portion already issued, providing crucial funding for the company's transition to a producer.
Positive factors
- Successfully raised significant capital ($5.65m) to fund transition to producer.
- Tranche 1 shares already issued, providing immediate funding.
Evidence · text
“Share Placement: $5.65m @ 12c Tranche 1 – $4.4m / 36.5m shares already issued”
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
- 2026-10-20T00:00:00.000Z
Reasoning: The planned Tranche 2 placement will provide additional capital at a consistent share price, further strengthening the company's financial position, pending shareholder approval.
Positive factors
- Additional capital to be raised ($1.3m) at the same price as Tranche 1.
- Contributes to overall funding for company's growth.
Negative factors
- Issuance of shares is subject to shareholder approval.
Evidence · text
“Tranche 2 - $1.3m (10.6m shares subject to approval)”
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
- 2026-10-20T00:00:00.000Z
Reasoning: The successful and oversubscribed Share Purchase Plan at 12c per share demonstrates strong investor confidence and provides additional capital for the company.
Positive factors
- Successfully raised $1.6m through a Share Purchase Plan, exceeding target.
- Indicates strong retail investor support.
Evidence · text
“Share Purchase Plan: $1.6m @ 12c (shares issued) (exceeded target)”
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
Metallurgical Results (2)
Fact 1Fiddlers Creek · goldRecovery: 86 %Head Grade: 7Head Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Recovery
- Recovery
- 86 %
- Head Grade
- 7
- Head Grade Unit
- g/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: The FY26 production results from Fiddlers Creek show successful initial gold production with good head grades and recoveries, although the data is historical and unaudited.
Positive factors
- Demonstrates initial production from the Fiddlers Creek Mine.
- Achieved a good average head grade of 7 g/t gold.
- Average recoveries of 86% are solid, with a high of 91%.
Negative factors
- Production data is historical (FY26) and unaudited.
- Lower recoveries during mill commissioning indicate initial challenges.
Evidence · text
“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%”
Fact 2Fiddlers Creek · goldRecovery: 86 %Head Grade: 7Head Grade Unit: g/tHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Fiddlers Creek
- Commodity
- gold
- Region
- australia_vic
- Reported Region
- Victoria, Australia
- Ticker
- AKA
Recovery
- Recovery
- 86 %
- Head Grade
- 7
- Head Grade Unit
- g/t
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: The FY26 production results from Fiddlers Creek show successful initial gold production with good head grades and recoveries, although the data is historical and unaudited.
Positive factors
- Demonstrates initial production from the Fiddlers Creek Mine.
- Achieved a good average head grade of 7 g/t gold.
- Average recoveries of 86% are solid, with a high of 91%.
Negative factors
- Production data is historical (FY26) and unaudited.
- Lower recoveries during mill commissioning indicate initial challenges.
Evidence · text
“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%”
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.