Aureka – Strategic Land Purchase at Irvine Project
HIGHLIGHTS
Aureka secures agreement on 97 hectares of land surrounding its Irvine Project in the Stawell Corridor
Land purchase confirms Aureka’s confidence in the Irvine Project and provides long term security of access, reduced cost of exploration and allows flexibility in deciding future infrastructure locations
$2.2m of mortgageable land acquired at market value, by Aureka or its nominees on delayed settlement terms
Purchase will not significantly impact Aureka’s cash balance
ASX Announcement