Auris Minerals has secured $3.2 million to expand its geological team and accelerate exploration in Western Australia's Bryah Basin, following mixed assay results from its Morck Well gold prospects.
- Raised $3.2 million via strategic placement to sophisticated investors
- Cash balance stands at $3.8 million as of December 31, 2025
- Jacques prospect shows variable gold mineralisation with max 0.88 g/t Au
- No significant gold results from Frenchy’s South prospect sampling
- Tenement extensions granted for key Morck Well project areas
Exploration Progress in the Bryah Basin
Auris Minerals Limited (ASX, AUR) has reported its quarterly activities for the period ending 31 December 2025, highlighting ongoing exploration efforts within the Bryah Basin of Western Australia. The company’s focus remains on advancing its Morck Well and Forrest projects, which collectively cover approximately 223 square kilometres of prospective ground.
During the quarter, Auris received assay results from 34 rock chip samples collected at the Jacques and Frenchy’s gold prospects within the Morck Well Project. The Jacques prospect continues to demonstrate shallow, high-grade gold mineralisation within quartz veining, with gold mineralisation interpreted over a strike length of 370 metres and a dip extent of around 100 metres. However, the results remain variable, with a maximum gold grade of 0.88 grams per tonne recorded, underscoring the nuggetty nature of the deposit.
Conversely, sampling at the Frenchy’s South prospect, which covers a 1.4-kilometre anomalous gold trend adjacent to an existing mining lease, returned no significant gold values. This mixed outcome reflects the inherent challenges in delineating consistent mineralisation in the region but does not diminish the strategic importance of the tenure.
Strategic Capital Raising to Accelerate Exploration
To support its exploration ambitions, Auris successfully raised $3.2 million through a strategic placement to sophisticated and professional investors. This capital injection is earmarked for expanding the company’s geological team and accelerating project identification, particularly targeting copper, gold, and rare earth elements within the Bryah Basin.
With a healthy cash position of $3.8 million at the end of December, Auris is well-positioned to prioritise securing low-cost tenure and advancing its exploration pipeline. The company’s approach reflects a broader industry trend of focusing on critical minerals amid favourable commodity market conditions.
Tenement Extensions and Corporate Governance
During the quarter, Auris secured one-year extensions for key tenements E52/1672 and E51/1033, ensuring continuity of exploration activities in these strategically important areas. The company continues to manage its tenements both independently and through joint ventures, including arrangements with Westgold Resources and CuFe Ltd.
Corporate governance remains robust, with related party payments limited to director fees and superannuation totaling $39,000 for the quarter. No production or development activities were undertaken during this period, consistent with Auris’s focus on exploration and resource definition.
Looking Ahead
While the recent assay results present a mixed picture, Auris Minerals’ strengthened financial position and strategic focus on critical minerals exploration position it well for the next phase of growth. The company’s ability to build internal expertise and capitalise on favourable market conditions will be key to unlocking value from its Bryah Basin portfolio.
Bottom Line?
Auris Minerals’ latest capital raise and exploration updates set the stage for intensified activity in the Bryah Basin, but the path to a definitive resource remains uncertain.
Questions in the middle?
- Will further drilling at Jacques confirm consistent high-grade gold mineralisation?
- How will Auris prioritise its exploration targets with the new funding?
- What impact will commodity market conditions have on Auris’s strategic focus on critical minerals?