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Aureka Limited ( (AU:AKA) ) has issued an announcement.
Aureka Limited has initiated a strategic review of its 49% interest in the Tandarra Gold Project Joint Venture, considering options such as maintaining, disposing, or diluting its stake. The review is confidential and uncertain, with no guaranteed outcome, while the joint venture partner seeks court orders to limit Aureka’s ability to assign its interest. The Tandarra Gold Project, operated by Catalyst Metals, is advancing towards a maiden resource with promising drilling results indicating potential gold distribution similar to the historic Bendigo Goldfield.
More about Aureka Limited
Aureka Limited is a company focused on advanced stage gold exploration projects across Victoria, with its primary focus on the Stawell Corridor Irvine Gold Project and the St Arnaud Comstock Project. These projects contain JORC compliant resource inventory and are undergoing continuous drilling programs to maximize shareholder value.
Average Trading Volume: 187,367
Technical Sentiment Signal: Sell
Current Market Cap: A$15.38M
See more insights into AKA stock on TipRanks’ Stock Analysis page.