Aureka Limited · ASX:AKA
Aureka — Sydney Mining Club (May 2026)
20 slides from Aureka's conference presentation, May 6, 2026
Slide 1: Aureka Limited – May 2026
For personal use only May 2026 ASX:AKA aureka.com.au
Slide 2: Forward Looking Statement
Forward This presentation has been prepared by Aureka Limited (Aureka or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not
Slide 3: Exploration Target
Exploration Exploration Target On 30 March, 2021, Navarre Minerals Limited ASX:NML announced the maiden gold Exploration Target at its flagship 100%-owned Irvine Gold Project in Victoria, Australia. Notably, the Exploration Target was constrained to the current drill footprint at the Resolution and
Slide 4: Significant Resource Growth & Near Term Production
Significant Resource Growth & Near Term Poised for Growth Production • Irvine Project proximate to world class mines and growing • Comstock Project (brownfield style) offers near term production opportunity • Step by step approach to building long term gold business (e.g. continuous drilling, perman
Slide 5: Capital Structure is Set Up for Success
Capital Structure is Set Up for Success C A P I TA L S T R U C T U R E $0.10 158m BOARD OF DIRECTORS Graeme Hunt Non-Executive Chairman Share Price (30/04/26) Shares in Issue James Gurry Managing Director Richard Taylor Non-Executive Director ~$17m $3.7m For personal use only Angela Lorrigan Non-Exe
Slide 6: Board & Key Management… Incentivised to Deliver
Board & Key Management… Incentivised to Deliver For personal use only • BHP / Lihir Gold / • Credit Suisse / • Head of Public Affairs • Southern Cross Gold Newcrest Deutsche Bank Newmont Asia Pacific (SX2) / recipient of Broadspectrum / • Mineral Deposits / Tasmania’s • Red Hawk Iron Ore PanAust / M
Slide 7: JORC Resource & Exploration Target
JORC Resource Mineral Resource: Stawell Corridor Prospects & St Arnaud & Exploration Target Stawell Corridor & St Arnaud For personal use only The preceding statements of Mineral Resources conforms to the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JOR
Slide 8: Irvine Project – First subsequent discovery in multi million ounce corridor
Irvine Project – First subsequent discovery in multi million ounce corridor Aureka tenements Stawell Gold Mine (operating) 16km For personal use only ASX:NML Release 30 March 2021, JORC Resource and Exploration target ASX:AKA aureka.com.au | 8
Slide 9: Stawell Corridor Gold Project
S TAW E L L C O R R I D O R GOLD PROJECT Irvine Basalt Dome (Resolution & Adventure) • Maiden Inferred Resource1 reported in March 2021 – 304koz at 2.4 g/t gold • Resource hosted on east flank of basalt dome, For personal use only open down-dip and along strike. Langi Logan Basalt Dome • Large-scale
Slide 10: Irvine Project – Resolution Lode Extension
Irvine Project Stawell (Stawell): Corridor Resolution – Irvine Project LodeDrilling – Extension – 264koz of the 304koz at Irvine For personal use only Aureka overview video ASX:NML – Announcements released 24 April 2017, 28 July 2017, 28 May 2018, 25 September 2020 and 11 March 2021 ASX:AKA – Announ
Slide 11: Irvine – Tenacity Discovery
IRVINE – TENACITY DISCOVERY The tenacity discovery in 2025. High grade visible gold intercepts along newly identified Foot Wall Vein. Gold mineralisation is within a weakly stylolitic sheared quartz vein with minor arsenopyrite hosted in the Resolution Foot Wall. For personal use only ASX:AKA Releas
Slide 12: Irvine – Tenacity Discovery
IRVINE – TENACITY DISCOVERY For personal use only ASX:AKA Release 3 December 2025 - The multiple high grade gold mineralisation intercepts within hole RD048 confirms two mineralised targets associated with The tenacity discovery in 2025. High grade visible gold intercepts along high-grade visible go
Slide 13: Irvine Project – Long Section – Resolution and Adventure lodes
Irvine Project – Long Section - 2 lodes Resolution (264koz) and Adventure (40koz) For personal use only ASX:AKA aureka.com.au | 13
Slide 14: Irvine Project – step change targets under historic mines
Irvine Project – step change targets around the existing resource by drilling under historic mines For personal use only Yet to be tested prospects on the western flanks of Current or planned Irvine, such as in the drill sites vicinity of the historic New Eaglehawk and Native Youth Mines. Example of
Slide 15: St Arnaud Goldfield
ST ARNAUD GOLDFIELD Comstock Pit • Maiden inferred JORC Resource1 reported 26 May 2025: 57Koz For personal use only @1.21g/t and Exploration Target2: 112-116Koz @1.2-1.0g/t • Historic underground mining during the gold rush (1855-1913), more recently open pit mining in 1990’s (Comstock – Nelson Line
Slide 16: St Arnaud – Comstock, last mined in 1995 and proximate to multiple mills
St Arnaud – Comstock , last mined in 1995 and proximate to multiple mills B’ For personal use only B ASX:NML Announcement released 21 January 2022, ASX:AKA Announcements released 20 November 2025, 22 December 2025 and 5 March 2026 ASX:AKA aureka.com.au | 16
Slide 17: St Arnaud, Comstock – Multiple Intercepts of Visible High-Grade Gold
St Arnaud, Comstock - Multiple Intercepts of Visible High-Grade Gold B’ For personal use only B ASX:AKA Announcements released 13 June 2025, 22 December 2025 and 25 February 2026 ASX:AKA aureka.com.au | 17
Slide 18: St Arnaud – Comstock: Homing in on milling options
ST ARNAUD - COMSTOCK Homing in on milling options • 45km to Wedderburn Milling Facility operated by Core Prospecting Pty Ltd • Core Prospecting has been engaged to assess suitability of Comstock Project for early-stage production and processing at Wedderburn Mill. For personal use only ASX:AKA aurek
Slide 19: Comstock Pit
Comstock Pit View of the high-accuracy LiDAR and photogrammetry of the Comstock open-cut pit – looking towards the South For personal use only Zoomed view of the high- accuracy LiDAR and photogrammetry of the Comstock open-cut pit wall – looking towards azimuth 280. Refer: ASX:AKA Release 5 March 20
Slide 20: Poised for Growth
Poised for Growth Size of Prize is Huge • Neighbourhood of 5.3Moz Stawell Gold Mine • Substantial JORC Resource plus Exploration Targets • Trading at <$50/oz and close to mills For personal use only Strategy of Massive Growth and Near Term Production • On-going diamond drilling in 2026 (after 7,000