Shareholders back Aureka’s Victorian gold production ambitions - Australian Resources & Investment

AI desk brief

Aureka shareholders overwhelmingly approved the $2.5 million cash-plus-scrip acquisition of High Grade Holdings, clearing the way for Aureka to add the producing Fiddlers Creek gold mine and Wedderburn processing mill to its Victorian portfolio. The deal passed with essentially 100% support, and completion is expected around October 30 subject to remaining conditions.

The transaction gives Aureka an operational footprint and access to one of only six gold mills in Victoria, potentially improving its ability to process material from its broader exploration and development assets. The company also approved a $5.65 million placement, with tranche 2 shares expected to be issued within five business days.