Aureka Limited (ASX:AKA) Quarterly Activities Report For the Quarter Ended March 2025
Quarterly Highlights
Exploration Program Underway: Commenced a 7,000 metre continuous drilling campaign across the Irvine and Tandarra gold projects, targeting high-priority zones
Irvine Drilling Progress: Diamond drilling commenced at the Resolution Lode in early January 2025, testing down-plunge extensions to grow the existing 304,000 ounce gold Resource1
Early Sulphide Mineralisation Identified: Visual sulphides observed in drill core at Irvine’s RD045 hole, with samples from the Diamond Drill Hole being prepared for analysis lab2
Geophysical Data Unlocks New Targets: Reprocessing by Nordic Geoscience confirmed known domes and revealed additional structural targets at Irvine and St Arnaud
Tandarra JV Advancement: A seven-hole diamond drill program launched at the Lawry Prospect, building on 2024’s high-grade results and aiming to expand the mineralised footprint
Strategic Land Secured: Acquired 97 hectares surrounding the Irvine Project to support future infrastructure and provide long-term operational access3
Cash balance at 31 March 2025 was $4.0m.