James Gurry
2
APPEARANCES
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PODCASTS
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Sep 21, 2026
Aureka Ltd: Victoria’s newest gold miner!
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Matt BirneyHOST
How many ounces did it produce in that year and at what grades and does it make any money?

James GurryGUEST
Yeah, produced the best part of 500 ounces in the year, the 30th of June, at a very high grade of seven grams per tonne, which we're really pleased about.

Matt BirneyHOST
What's the strategy with the mill? Can you make money toll treating other people's ore? Do you want to treat your own? Are you going to ramp up Fiddler's Creek? What's the plan with the mill?

James GurryGUEST
Yeah, Matt, previously we had a lot of ounces, but we didn't have a mill and we didn't have that pathway to market.

James GurryGUEST
So our ownership of Wedderburn will not only unlock the whole portfolio for ourselves in our own projects, But there is that possibility of tolling for other people as well.

James GurryGUEST
So getting hold of our hands on the Wedderburn Mill, yeah, that's a key prize here.
Aureka (ASX:AKA) - Targets Early Cash Flow to Advance Its Larger Gold Project
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James GurryGUEST
I'm the managing director of Aurica Gold in Victoria, and, uh, we've got 455,000 ounces of gold, uh, through a series of projects in Western Victoria.

James GurryGUEST
Uh, and we're on the fast track to production actually, having signed, uh, a, a toll milling agreement, um, nice and, and recently.

James GurryGUEST
So it's wonderful to be talking to you guys today, and actually coincidentally, uh, we've just released some drilling results also.

James GurryGUEST
So it's terrific to give you guys, uh, an update on the project, but also I'm the managing director and really, uh, the brains behind the geology.

James GurryGUEST
Uh, and, uh, and the actual operations, uh, is Joseph Story and he is, uh, joining me today.
26 MINS LATER
M
26:52Matthew GordonHOST
It's, it's less efficient, um, but we get, we get the cash flow." You know, you're gonna have some issues from maybe brokers and say, "Well, hang on, these guys won't need me to raise some money, so it's of no interest to me 'cause I, I can't raise money, I can't charge fees." Um, but why, why should investors be excited by this, this, uh, view of yours?

James GurryGUEST
Uh, because we trade for sub $20 million market cap, and we can get our first project into production, uh, you know, for a couple of, uh, a couple of million dollars or, uh, a touch more.