HIGH-GRADE GOLD STRIKES CONTINUE AT SHEOAK PROSPECT

Auravelle Intersects 28m @ 3.4g/t Au, Including 4m @ 12.7g/t Au at Nuckulla Hill

Auravelle Metals Ltd (ASX:AUV) has reported significant high-grade gold intercepts from recent reverse circulation (RC) drilling at the Sheoak Prospect, part of its Nuckulla Hill Gold Project in South Australia.

A standout intercept of 28m @ 3.4g/t Au from 48m, including 4m @ 12.7g/t Au and 4m @ 5.6g/t Au, was returned, with mineralisation remaining open at depth.

Additional strong results from the November drill campaign include:

8m @ 2.2g/t Au from 80m, including 4m @ 4.0g/t Au
16m @ 1.3g/t Au from 56m, including 4m @ 2.0g/t Au

Auravelle has defined the Sheoak gold trend over a strike length of at least 600m, with extensions open to the north, south, and at depth. The Sheoak Prospect lies within the Yarbrinda Shear Zone, which also hosts Barton Gold Holdings Limited’s (ASX: BGD) adjacent 1.6Moz Tunkillia Gold Project.

Multiple drill programs are planned for 2026, targeting follow-up at Sheoak and new regional gold targets across South Australia and Western Australia.

Auravelle Managing Director Andrew Muir commented:

This is a great way to start the New Year, with Sheoak continuing to deliver excellent gold results against the backdrop of continued strength in the gold market. The latest round of RC drilling has intersected more strong grades and widths of mineralisation, demonstrating the significant potential of the system.

Mineralisation has now been intersected over at least 200m of strike, within a larger +600m zone of gold anomalism. Importantly, the gold trend remains open to the north and south and requires further testing. Auravelle is aiming to build on these exciting early exploration results and delineate further significant gold mineralisation within the Yarbrinda Shear Zone and beyond in 2026.

We are already planning additional drilling at Sheoak to expand on these new exciting gold results. In addition, AUV plans to have multiple gold-focussed drill programs lined up for 2026 including: regional aircore drilling at Nuckulla Hill that will be closer to BGD’s Tunkillia Gold Project; first-pass drilling at the highly prospective Skye Project in SA adjacent to Marmota Limited’s (ASX: MEU) Golf Bore gold deposit; as well as further aircore and follow-up drilling at Crown east of Kalgoorlie in WA.