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In the newest episode of the Australian Mining podcast, Aureka managing director James Gurry discusses the company’s most recent acquisition and how it establishes a strong base to move from an explorer to producer of gold in Victoria.
The binding share sale agreement will see Aureka acquire 100 per cent of High Grade Holdings, parent company of Core Prospecting, in a move that will see the company shift from an explorer and developer into a gold producer in Victoria.
With an inferred mineral resource of more than 450,000 ounces across its portfolio – grading over 2 grams per tonne gold – the acquisition signals the start of its journey as a producer of one of the world’s most valuable metals.
Gurry outlined exactly what this next phase means for the company and how it could unlock a potential “Russian Doll effect” of future, bigger investments as the company looks to reinvest organic cashflow into the next incremental project.
The full episode can be viewed below:
The Australian Mining Podcast is available on all major video and audio streaming services including YouTube, Spotify and Apple Podcasts.