Key Highlights

  • Auris Minerals (ASX:AUR) reported August 2026 air core drilling at Morck Well with best intercept of 15 metres at 0.54 g/t gold, well below earlier historic highs of 15m at 4.11 g/t.
  • The company plans one-metre re-assays on over 100 samples to resolve whether composite sampling diluted narrow high-grade zones.
  • Cash of A$3.05 million at 30 June 2026 supports near-term exploration, with the OTCQB listing in the US providing an additional Capital avenue.
  • Both Morck Well and Forrest projects are 80%-owned joint ventures covering about 223 square kilometres in WA's Bryah Basin.

Auris Minerals is re-sampling its Morck Well gold drilling because the August 2026 air core round returned encouraging but modest grades, and the company wants a more reliable read before drilling further. The one-metre re-assays of more than 100 samples are now the key near-term step.

What Auris does

Auris Minerals Limited is a Perth-based explorer for gold and base metals, listed on the ASX since 15 March 2001. The ASX classifies it within the Materials sector. Its shares are ordinary shares, and the company reports no operating revenue.

Its ground sits in Western Australia's Bryah Basin. The two projects are Morck Well, north of Meekatharra, and Forrest, with a combined tenement area of about 223 square kilometres.

Both are joint ventures in which Auris holds 80 per cent. The Annual Report names minority partners on each, although its tenement schedule lists different 20 per cent holders from the directors' report, so the precise counterparties should be checked against the company's filings.

At Forrest, the annual report says CCR Mining Engineering was engaged for conceptual mining optimisation studies. Trading in Auris shares on the US OTCQB market began on 26 January 2026, alongside its ASX quotation.

The drilling result

On 14 September 2026 Auris reported results from 22 air core holes totalling 1,861 metres, drilled in August 2026. Sixteen holes tested Jacques East and six tested Frenchys South. Heritage surveys at Morck Well finished on 21 July 2026, clearing the way for the drilling.

The best intercept was 15 metres at 0.54 grams per tonne gold from 25 metres at Jacques East, followed by 10 metres at 0.51 grams per tonne there. Frenchys South returned 10 metres at 0.50 grams per tonne from 35 metres.

These were five-metre composite samples at a 0.1 gram per tonne cut-off, and the lengths are down-hole rather than true widths.

Why the grades matter

The results sit well below the best earlier hits at the same prospects. Previous drilling at Jacques East had returned 15 metres at 4.11 grams per tonne, including 4 metres at 12.8 grams per tonne, while Frenchys South had produced 18 metres at 1.09 grams per tonne.

Composite sampling can dilute narrow high-grade zones, and the company says nuggety gold can distort results. That is why it plans to re-sample the significant intervals at one-metre spacing, followed by infill and extensional air core drilling.

The company interprets a flat-lying supergene zone of about 70 metres lateral extent at Jacques East, open along strike, plus a primary component dipping northwest. Whether the re-assays confirm higher grades will shape the case for deeper follow-up.

Funding and balance sheet

For the year to 30 June 2026 Auris reported a loss of A$604,506, against A$4,050,382 a year earlier. The latest figure includes a A$382,879 Impairment of exploration costs.

Cash at 30 June 2026 was A$3,052,679. During the year the company raised A$3.2 million before costs through a Placement of 800 million shares at A$0.004, and shares on issue reached 1,286,625,957 by year end.

The directors consider the going-concern basis appropriate, relying on cash, the ability to raise capital and the option of cutting discretionary spending.

Risks and dates

Exploration carries geological, funding and dilution risk. The shares were issued at a fraction of a cent, so further raisings could change the share count materially, and 240 million unlisted options are exercisable at A$0.004 until 4 December 2028.

Grades so far are low and may not support a mineable resource.

The Annual General Meeting is set for 11:30am AWST on 11 November 2026 in West Perth. The company has said only that it will update the market on the re-sampling and further drilling in due course.