Professional
Added to YB: 2026-09-22
Pitch date: 2026-09-17
AKA.AX [bullish]
Aureka Limited
+2.5%
current return
Author Info
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Company Info
Aureka Limited engages in the mineral exploration business in Australia. It primarily produces gold, and silver deposits.
Market Cap
AUD 19.9M
Pitch Price
AUD 0.12
Price Target
N/A
Dividend
N/A
EV/EBITDA
-2.53
P/E
-2.93
EV/Sales
1.8K
Sector
Metals and Mining
Category
special_situation
Aureka Limited (ASX:AKA) - A Victorian gold production renaissance
AKA.AX (update): Aureka’s proposed High Grade Holdings acquisition would add Fiddler’s Creek and the underutilised Wedderburn mill, transforming it into a Victorian gold producer whose cash flow could fund exploration and reduce reliance on capital markets. Fiddler’s Creek’s current run-rate is estimated at ~1,000 payable ounces annually, with near-term potential for 2,000-2,500oz and further growth from restarting Comstock. At $68/oz pro forma versus peers’ ~$147/oz median, rerating depends on deal completion and demonstrating profitable production growth and longer mine life.
Read full article (11 min)