The proposed acquisition covers the operating Fiddlers Creek underground gold-silver mine, the Wedderburn gold processing mill and approximately 39 square kilometres of surrounding exploration ground at Percydale, Victoria. Aureka said the base consideration is $8.9 million, comprising $2.5 million cash and $6.4 million in shares, with contingent performance payments of up to $2.0 million.
Completion remains subject to conditions precedent, including Aureka shareholder approval for consideration shares, confirmatory due diligence and no material adverse change. The company said completion was targeted after its general meeting scheduled for 23 October 2026.
Aureka also reported commitments of $7.25 million through a two-tranche placement and a share purchase plan, stating the proceeds were intended to fund the acquisition and ongoing production, development and exploration. Separately, it commenced diamond drilling at Fiddlers Creek on 30 September as part of a committed minimum 1,800-metre program over three years following completion of the acquisition.
Source: Download AKA official ASX announcement, 2026-10-20.
Regional location map from Aureka’s ASX announcement dated 20 October 2026.