Aureka (ASX: AKA) acquired 97 hectares of land at its Irvine gold project in Victoria's Stawell Gold Corridor for AU$2.2 million, according to a Monday filing with the Australian bourse.
The company is in discussions to structure the purchase without significantly affecting its cash balance, which stood at AU$4.9 million as of Dec. 31, 2024, the filing said.
The contracts allow for extended settlement terms of up to 90 days, the filing added.
Shares of the company rose 6% in recent Monday trade.
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