Navarre Minerals Limited
NVMLF
Other OTC5.00
USD
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Navarre Minerals Limited
NVMLF
(Other OTC)
Recent
price
5.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Navarre Minerals Limited (ASX:NML; NVMLF:OTCQX), formerly known as Navarre Minerals and recently rebranded as Aureka Limited (ASX:AKA), operates as a gold exploration company focused on advancing high-grade projects in Victoria's historic goldfields; it holds 100% interests in the flagship Stawell Corridor gold project in north-west Victoria, including the Irvine, Langi Logan, Resolution, Adventure, and Morning Bill prospects with approximately 700koz of defined resource potential, alongside the St Arnaud Gold project encompassing 1,459 square kilometers of the historic 0.4Moz St Arnaud Goldfield, the Jubilee Gold project, and the Tandarra Gold Project JV where it retains a 49% interest and a 1% royalty; additional exploration licenses cover roughly 1,600 square kilometers across western and central Victoria targeting gold, silver, and copper deposits in the Miga Arc volcanics, Bendigo North, Landsborough Fault, and Ararat goldfields. Founded in 2007 and headquartered at Level 4, 100 Albert Road, South Melbourne, VIC 3205, Australia, the company pursues a strategy of continuous drilling to expand JORC-compliant mineral resources and partner with neighboring producers for development, serving institutional investors and stakeholders through resource delineation and potential production in Australia's premier gold jurisdiction. In a major recent development, Navarre Minerals completed the transformative acquisition of the Mt Carlton gold operation in Queensland from Evolution Mining in February 2023 for $40 million upfront, comprising $26.8 million cash and $13.2 million in shares granting Evolution a 12.9% stake, adding immediate low-cost open-pit and underground production capacity of up to 50,000oz gold annually from a 950,000-tonne-per-annum plant with 387,000oz JORC resources including 160,000oz reserves, though operations were later placed in subsidiary Navarre Minerals Queensland amid financial challenges; the company recapitalized and restructured in 2024-2025, culminating in its November 2024 rebranding to Aureka Limited effective December 2024 to reflect renewed focus on Victorian gold exploration; ongoing 2025 drilling at Irvine has intercepted visible gold and peak assays of 0.3m at 183g/t Au, confirming high-grade extensions beyond existing inferred resources at Resolution and signaling potential rapid resource growth at Stawell Corridor assets.