AUREKA

Stawell Corridor

Maiden Mineral Resource 304koz @ 2.4 g/t gold

OWNERSHIP

Aureka 100%

COMMODITY

Gold

LOCATION

237km North-West of Melbourne. 20km from Stawell gold mine, 100km from Ballarat Gold mine

GEOLOGICAL PROVINCE

Cambro-Ordovician Stawell Zone of the Lachlan Fold Belt


PROJECT STAGE

Advanced Exploration. Exploration Target + Inferred JORC Resource

Flagship Project

Stawell Corridor

Aureka’s Stawell Corridor Project (which incorporates the Irvine and Langi Logan gold projects and five other prospective targets) captures 60 kilometres of a multi-million-ounce gold zone.

The Irvine Project hosts a large inferred Mineral Resource of 304koz @ 2.43g/t and an additional Exploration Target of 280-420koz @ 2-3g/t on the margins of a basalt dome only 20km from the operating Stawell Gold Mine (~five million ounces)1.

1 ASX Announcement: Maiden Mineral Resource for Stawell Corridor Project 30-Mar-21.

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Gold Resource Potential

Maiden Gold Mineral Resources & Exploration Target For Resolution & Adventure Prospects

ASX Announcement: Maiden Mineral Resource for Stawell Corridor Gold Project – 30 March 2021.

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Drilling Campaign

Growing the Resource

The Company is currently diamond drilling the Resolution lode at Irvine to extend the resource down plunge and infill drilling with a view to update the Resource in 2025. Irvine highlight drill results include 5.0m @ 10g/t, 9.4m @ 5.3g/t, and 10.8m @ 4.5g/t2.

Project Factsheet

2 ASX Announcement: High-grade gold results continue at resolution lode 25-Sep-20.

The Company’s flagship asset, the Stawell Corridor Gold Project is located in an area that hosts the Stawell (~six million ounce) and Ararat (~one million ounce) goldfields. Within this Project, the Company’s previous work culminated in a maiden inferred Mineral JORC Resource (304koz) and additional Exploration Target (280koz-420koz) on the margins of the Irvine basalt dome (the Resolution and Adventure prospects), refer to ASX announcement on 30 March 2021.

South of the Irvine Project lies the high-grade gold discovery Langi Logan on a 14.5 kilometre long basalt dome. Over 120,000 ounces of alluvial gold was historically mined from the nearby Cathcart Central and New Langi Logan shafts. Although the source of the alluvial gold is uncertain, it occurs in close proximity to the Langi Logan basalt dome which the Company believes is an encouraging sign for the occurrence of a potential Stawell-style gold deposit. To the west lies The Morning Bill (Glenlyle) Prospect, a potential epithermal gold-silver system above what is believed to be a deeper porphyry target in the emerging Stavely Arc volcanics.

The Company’s flagship asset, the Stawell Corridor Gold Project is located in an area that hosts the Stawell (~six million ounce) and Ararat (~one million ounce) goldfields. Within this Project, the Company’s previous work culminated in a maiden inferred Mineral JORC Resource (304koz) and additional Exploration Target (280koz-420koz) on the margins of the Irvine basalt dome (the Resolution and Adventure prospects), refer to ASX announcement on 30 March 2021.

South of the Irvine Project lies the high-grade gold discovery Langi Logan on a 14.5 kilometre long basalt dome. Over 120,000 ounces of alluvial gold was historically mined from the nearby Cathcart Central and New Langi Logan shafts. Although the source of the alluvial gold is uncertain, it occurs in close proximity to the Langi Logan basalt dome which the Company believes is an encouraging sign for the occurrence of a potential Stawell-style gold deposit. To the west lies The Morning Bill (Glenlyle) Prospect, a potential epithermal gold-silver system above what is believed to be a deeper porphyry target in the emerging Stavely Arc volcanics.

AUREKA PROJECTS

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