中文译文生成中,先为你显示原文。
Aureka (ASX: AKA) has secured a production licence for its Comstock gold and silver project in Victoria, advancing plans to restart mining at the historic St Arnaud operation for the first time since 1995.
Resources Victoria granted Prospecting Licence PL008915 on November 4, less than four months after accepting the application.
The seven-year licence covers approximately 4.5 hectares within the previously disturbed Comstock mine site, including the Walkers Zone and main Comstock Shear.
Aureka plans to undertake small-scale selective underground mining and shallow excavations, with ore transported 45km to its wholly owned Wedderburn gold processing mill.
The approval strengthens Aureka’s strategy to establish multiple Victorian gold operations feeding a central processing facility.
The company intends to operate Comstock alongside its producing Fiddlers Creek underground mine, with both supplying the Wedderburn mill.
“Securing our first production licence is an important milestone for Aureka,” managing director James Gurry said.
“In my view the licence granted in under four months is another sign Victoria is emerging as a jurisdiction that genuinely supports responsible industry.”
Comstock hosts an inferred JORC mineral resource of 56,000 ounces, announced in June 2025.
Subsequent drilling returned high-grade gold and silver intercepts, including a gold assay of 109g/t within a broader intersection of 1m at 65.37g/t gold from 116.2m.
The licence provides a regulatory pathway towards production, although further development work remains necessary.
Aureka’s next steps include resource definition, mine design, Work Plan approval and stakeholder consultation.
The company is also prioritising integration and production optimisation at Fiddlers Creek, with a focus on generating free cash flow.
Read more: From explorer to producer – Aureka’s Victorian gold ambitions
Subscribe to Australian Resources & Investment and receive the latest news on commodity prices, resource developments, executive movements and more.
The post Aureka clears key hurdle for Comstock gold restart appeared first on Australian Resources & Investment.