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Aureka advances Comstock project after securing production licence in Victoria
Aureka secures production licence for Comstock Gold and Silver Project in Victoria to feed Wedderburn mill.
Key points
- Aureka secured a production licence for the Comstock Gold and Silver Project in Victoria.
- The project currently hosts a 56,500-ounce inferred gold resource with further drilling planned.
- Management targets 10,000 ounces of annual production through the Wedderburn mill in 12 to 24 months.
Why it matters. This development enables the company to utilize a new ore source at its existing mill, potentially boosting output over the next two years while final design approvals are sought.
Aureka obtained a production licence for its Comstock Gold and Silver Project in Victoria, creating a route to feed its Wedderburn mill with additional gold and silver. The historic open-pit site currently holds an inferred gold resource of 56,500 ounces, though final mine design and stakeholder engagement remain pending before full production begins. Management aims to increase annual output through the Wedderburn facility to approximately 10,000 ounces within the next 12 to 24 months.
Latest updates
Aureka advances Comstock project after securing production licence in Victoria
Aureka Resources, listed on the ASX under the ticker AKA, has obtained a production licence for its Comstock Gold and Silver Project in Victoria. This regulatory approval is a significant milestone that advances the project from exploration and development phases toward potential production. Securing the licence removes a key barrier to operations, allowing the company to proceed with the next stages of development. The move positions Aureka to potentially unlock the economic value of the Comstock asset.
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