Business · Energy & Commodities · 2 hrs ago
Aureka gets licence to advance Victoria’s Comstock gold and silver mine
Aureka has received a seven-year licence for Comstock, a historic gold and silver mine near St Arnaud in Victoria, Australia.
The licence covers 4.5 hectares, including the mine’s Walker Zone and main Comstock Shear.
Mining at the site has not taken place since 1995.
The approval clears a step toward restarting production, but Aureka has not made a final decision to mine.
The company already operates the Fiddlers Creek underground mine and owns the Wedderburn gold processing mill, about 45 kilometres from Comstock.
Aureka plans to send ore from its mines to the Wedderburn mill, building a shared processing operation.
Comstock has an inferred resource of 56,500 ounces of gold and 100,000 ounces of silver, while drilling has also found high-grade mineralisation.
The company says its next focus is integration and pre-development work as it assesses whether to bring Comstock back into production.
Aureka Limited has received a seven-year licence for part of Victoria’s historic Comstock gold and silver mine.
The licence covers 4.5 hectares, including the Walker Zone and the main Comstock Shear, two kilometres north-northwest of St Arnaud.
The approval allows Aureka to take steps towards restarting mining at Comstock, which has not produced since 1995.
Comstock has an inferred resource of 1.45 million tonnes grading 1.21 grams of gold per tonne, containing 56,500 ounces of gold and 100,000 ounces of silver.
Aureka plans to develop Comstock as part of a strategy to feed ore from its mines to the Wedderburn gold processing mill.
- Who
- Aureka Limited received the licence from Resources Victoria.
- What
- Aureka received a seven-year licence covering part of the Comstock mine site.
- When
- The licence grant date is not stated. The article was published on November 5, 2026.
- Where
- The Comstock mine site, two kilometres north-northwest of St Arnaud, Victoria.
- Why
- The licence allows Aureka to take pre-development steps towards restarting production at Comstock.
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- Licence term
- Seven years
- Licence area
- 4.5 hectares
- Location
- Two kilometres north-northwest of St Arnaud, Victoria
- Inferred resource
- 1.45 million tonnes at 1.21 grams of gold per tonne
- Contained metals
- 56,500 ounces of gold and 100,000 ounces of silver
- Last production
- 1995
What people are saying
Securing our first production licence is an important step for Aureka.
We intend to operate Comstock alongside the already producing Fiddlers Creek underground mine, both mines feeding into the Wedderburn Gold Processing Mill, thereby maximising synergy between operations.