Aureka Limited (ASX:AKA)

Full investor presentation: investorhub.aureka.com.au/announcements/…

St Arnaud is lining up production options while Irvine advances. Core Prospecting assessing suitability for early-stage production at Wedderburn Mill (45km away). Drilling: 1m @ 65.37g/t. More than one pathway to value. $AKA #Gold #Victoria #Mining

How do you think about a junior that funds its flagship exploration from production cash flow rather than repeated raises? Cygnet Capital Episode 17 (published 22 May): open.spotify.com/episode/4lah4K…

Aureka's read is changing. Not a disparate exploration portfolio. An integrated gold company. James Gurry on Cygnet Capital's Episode 17: • Comstock scoping study underway now • Near-surface ore identified on Walker's Pit side • Drilling hit 1m @ 65g/t visible gold • Mill 45km away • Target: 2–3× NPV on capital deployed Production cash flow → reinvested into Irvine → less dilution. The model James described: "We won't be going back to shareholders every five minutes." $AKA #GoldMining

What catalyst would move the needle for you on AKA? Full IIR report: investorhub.aureka.com.au/activity-updat…

Two rigs. Two drivers. One valuation gap. IIR's peer table, published last month: • Aureka: A$36.67/oz EV • Sector average: A$118/oz • Current position: ~30% of peer mean More ounces + EV/oz re-rating as resources are defined. Both in motion right now. $AKA #GoldMining

Full economic modelling, $10.978B output, 10,635 jobs, $188M royalties: minerals.org.au/wp-content/upl…

What's holding Victorian gold back: Policy, capital, or exploration pace? Full report context: mining.com.au/victorias-gold…

Victoria produces 320,000oz of gold a year. A new Orizontas report for MCA Victoria Division says it could produce 1 million, generating ~$11B in total annual economic output. The numbers if it gets there: • $10.978B total annual output • $6.234B annual GSP contribution • 10,635 jobs • $188M in state royalties (at Victoria's 2.75% rate) The geology is already there. $AKA #GoldMining

Which project has your attention? Watch the Full Ignite preso: youtu.be/urx9gq3YUts

Two projects. Two timelines. One portfolio. Brownfield Comstock: smaller, near-term. Greenfield Irvine: larger, longer. James Gurry explains the logic at Ignite Singapore. $AKA #GoldMining

What's on your radar for the next AKA catalyst? More at ➡️ f.mtr.cool/magarsthik

James Gurry presented Aureka at the Sydney Mining Club's Leading Edge showcase last week. 200 investors, four gold companies, one room. Irvine, Comstock, the thesis. The conversation was strong. Drilling continues. $AKA #GoldMining

Sydney Mining Club Presentation | @AurekaLimited | $AKA.AX See News: mininghub.com/?id=4813217&pi…

➡️ Updated report: f.mtr.cool/pnsngkotco

RaaS Research has updated its Aureka coverage following the March quarter. Context since the March report: RD049 at Irvine returned 18.4m at 1.54g/t Au. Comstock delivered its highest silver assay to date. Tenure secured to 2030. $AKA #GoldMining

➡️ Read Report: f.mtr.cool/uegfmciwye

We definitely delivered in the March quarter. > Irvine RD049: 18.4m @ 1.54g/t Au (incl. 1.15m @ 9.73g/t). > Comstock: 0.3m @ 650g/t Ag + 1.91g/t Au — highest silver project to date. Tenure to 2030. LiDAR captured. Drone survey flown. News pipeline loaded for more. $AKA #GoldMining

Watch the full interview: youtu.be/der-oh7zMHc

Bringing Comstock's production plan to market is estimated to take 6 months. Low cost. Low capital. Minimal earthworks. Mill identified. James Gurry on what's coming next at Aureka. $AKA #GoldMining