Aureka is a Victorian gold explorer that is aggressively drilling out high-grade extensions at its two gold projects, both of which have established resources and very well understood geology. The company is run by former Head of Mining Research at Credit Suisse and Deutsche Bank, James Gurry, and chaired by the former MD and CEO of Lihir Gold, Graeme Hunt. AKA also counts star SX2 geo Kenneth Bush as an early exploration strategy advisor.

The Irvine project sits just 15km away from the powerful Victor Smorgon Group’s Stawell Gold Mine, which historically produced 5.3Moz but currently operates its 850ktpa mill at around 75% capacity and mines slightly above 2g/t ore, from down to 2km underground. Irvine’s 304koz at 2.46g/t Au deposit begins at surface and is composed of many brilliant assays, such as 18.7m at 7.1g/t Au from 196.3m, 10.6m at 6.2g/t Au from 135.7m and 9.4m at 5.3g/t Au from 355.6m.

Next year’s resource update will add a significant portion of the exploration target, which holds an additional 280-420koz at 2-3g/t, by including the latest intercepts such as 10m at 12.1g/t Au from 413m. The strike extent and down plunge continuity at the Resolution Prospect is pretty much exactly what has been seen at a 1.5Moz section of Stawell’s Magdala deposit.

AKA’s other key asset is St Arnaud, which previously produced an incredible 400koz at 15g/t Au and was last mined in 1995, when gold was around US$380/oz. High grade extensions outside of the existing 56.5koz resource are currently being drilled, which are chasing an exploration target for an additional 114koz. Intercepts from earlier in the year include 6.9m at 4.24g/t Au from 422m including 0.75m at 18.6g/t Au from 422.1m, and 3.2m at 4.71g/t Au from 434.0m including 0.6m at 19.9g/t Au from 435.9m. Assays are imminent from a drillhole that hit multiple quartz veins containing 7 instances of visible gold between 115.4 and 124.1m down hole.

Read our latest coverage on AKA

• Development Plans Tangibly Accelerate as AKA Keeps Hitting High-Grade Veins9th December 2025
  The recent series of high-grade intercepts from Aureka (ASX: AKA)’s flagship Victorian gold projects, which are all outside current resource estimates and include 1m at 65.37g/t Au from 116.2m, including 0.3m at 109g/t Au from 117.2m, and 10.04m at 1.58g/t Au from 189.68m at St Arnaud, as well as 5m at 6.13g/t Au from 489m… Read more: Development Plans Tangibly Accelerate as AKA Keeps Hitting High-Grade Veins
• AKA’s High-Grade Gold Project a Smorgon Mine Essential Takeover Target12th November 2025
  Just 15km away from the powerful Victor Smorgon Group’s Stawell Gold Mine, which historically produced 5.3Moz but currently operates at around 75% capacity and mines slightly above 2g/t ore from up to 2km underground, lies Aureka (ASX: AKA)‘s orogenic analogue Irvine – a 304koz at 2.46g/t Au deposit that begins at surface and has an… Read more: AKA’s High-Grade Gold Project a Smorgon Mine Essential Takeover Target