What Auris Minerals does

Auris Minerals Limited is an ASX-listed (ASX: AUR) mineral exploration company headquartered in West Perth, Western Australia. It targets copper and gold deposits in the Bryah Basin via two principal project areas: Morck Well, located approximately 100km north of Meekatharra and 20km southwest of the DeGrussa copper-gold mine, and Forrest, situated 6km south along strike from Westgold's Starlight VHMS intersection in an equivalent stratigraphic position to the Horseshoe Lights Cu-Au deposit. The company's combined land holding covers approximately 223km² in a proven volcanic massive sulphide (VMS) province hosting historic and existing operations including De Grussa, Fortnum and Horseshoe Lights, supported by more than two decades of accumulated geological data.

The Forrest Project hosts a JORC-compliant copper resource of 2.4Mt at 1.7% Cu for 41,500 tonnes of contained copper metal across the Forrest and Wodger deposits (both discovered in 2014 via re-assaying), with mineralisation remaining open down dip and plunge. At Morck Well, Auris manages all exploration following Sandfire Resources' withdrawal from its February 2018 to January 2024 farm-in, with prospects including Morck Well Copper, McLean Well Base Metal/Manganese, Jacques East Gold and Frenchy's South Gold. Auris holds 80% of Forrest (Westgold Resources holds 20% free carried until Decision to Mine and owns gold rights) and partners with CuFe Ltd (20% free carried) at certain Morck Well tenements. Exploration is led by Matt Svensson (20+ years gold and base metals experience) under Managing Director Mike Hendriks.

Auris Minerals is pre-revenue and does not sell products or services; the business model is conventional junior explorer economics, monetised through eventual production, asset sales, or joint venture transactions. In March 2026 the company divested its Johnson Range gold project (103,500 ounces) to Forrestania Resources, and in October 2025 sought a capital raising via a trading halt. Capital structure comprises 1,286,625,957 ordinary shares and 240,000,000 AURAD options expiring 4 December 2028 at $0.004.

Name

Auris Minerals

Legal name

Auris Minerals Limited

Website

https://aurisminerals.com.au

Company type

Public

Operating status

Operating

Headcount range

51–100 employees

Short description

Auris Minerals is an ASX-listed (ASX: AUR), pre-revenue mineral exploration company focused on copper and gold in the Bryah Basin of Western Australia. It operates the Morck Well and Forrest projects across approximately 223km² of tenements, targeting VMS-style deposits in a proven province.

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Support Activities for Metal Mining (213114), Copper, Nickel, Lead, and Zinc Mining (21223), Gold Ore and Silver Ore Mining (21222)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Copper Exploration & Resource Development (IMAKADAA)

akta.pro secondary industry

Mineral Exploration & Geoscience Services (Geology, Geophysics, Geochemistry, Resource Modeling) (IMAKAKAA)

Keywords

• Copper gold exploration
• Mineral exploration services
• VMS deposit exploration
• Junior mining explorer
• Base metals exploration

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Others, Marketing or Sales

Revenue model

1. Mineral Exploration: Pre-revenue mineral explorer seeking to discover and develop copper and gold deposits. Revenue would be generated through eventual production, asset sales, or joint ventures with producing partners.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Auris Minerals Limited is an ASX-listed (AUR) mineral explorer focused on copper and gold exploration in the Bryah Basin, Western Australia. The company holds a strategic ~223km² land package across two key project areas — Morck Well and Forrest — and is advancing Volcanic Massive Sulphide (VMS) copper-gold prospects, including a JORC-compliant resource of 2.4Mt at 1.7% Cu for 41,500t Cu metal at Forrest/Wodger. The company is pre-revenue and seeks to monetise exploration success through farm-in arrangements, joint ventures, and potential asset sales to producing partners.

Product overview

Auris Minerals is an ASX-listed mineral exploration company offering a portfolio of copper and gold exploration projects in the Bryah Basin, Western Australia. The company's two key project areas—Morck Well and Forrest—comprise multiple prospects and deposits, including the Forrest and Wodger copper deposits (forming a combined JORC-compliant resource of 2.4Mt at 1.7% Cu for 41,500t Cu metal), gold prospects at Jacques East and Frenchy's South, and base metal/manganese targets at McLean Well. The company operates with strategic land-holding of approximately 223km², leveraging a clearly defined exploration program designed to deliver maximum portfolio value.

Differentiator

Problem solved

Functional benefit

Products and services

• Morck Well Project

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Westgold Resources Ltd (ASX:WGX)coreStrategic or Co-development PartnerWestgold holds 20% interest in the Forrest Project (tenement R52/10), free carried until Decision to Mine. Westgold also owns the gold rights over Auris's interest in the project.
• CuFe Ltd (ASX:CUF)coreStrategic or Co-development PartnerCuFe Ltd holds 20% interest in Morck Well Project tenements (E51/1033, E52/1613 and E52/1672), free carried until a Decision to Mine.
• Sandfire ResourcesminorStrategic or Co-development PartnerSandfire Resources conducted aggressive copper/gold exploration at Morck Well from February 2018 to January 2024 under a farm-in agreement, but has since withdrawn. Auris now manages all exploration within the project.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Westgold Resources: ASX-listed gold and copper producer with a 20% interest in Auris's Forrest Project (free carried until Decision to Mine). Westgold also owns the Starlight VHMS intersection 6km along strike from the Forrest Project, making it a direct partner and geological comparable.
• Antipa Minerals: ASX-listed junior explorer focused on copper-gold discoveries in the Paterson Province of Western Australia. Antipa is comparable as a similar-stage ASX-listed explorer with senior geological staff (former employer of Auris's Exploration Manager Matt Svensson) pursuing tier-1 copper-gold discoveries.
• CuFe Ltd: ASX-listed explorer with a 20% interest in Auris's Morck Well Project tenements (free carried until Decision to Mine). CuFe is a direct joint-venture partner and a comparable junior explorer exposed to the Bryah Basin copper-gold province.
• Sandfire Resources: Mid-tier copper-gold producer and major historical operator in the Bryah Basin. Sandfire owned the De Grussa mine (directly adjacent to Auris's Morck Well Project) and farmed into Auris's ground from 2018 to 2024, making it the most direct operational and geographic comparable.

Broad incumbents

• Capricorn Metals: ASX-listed gold producer with operations in Western Australia. Capricorn Metals is comparable as a mid-tier Western Australian gold producer whose development model (advanced explorer to producer) represents a potential pathway for Auris's Morck Well gold prospects.
• Ramelius Resources: Mid-tier Australian gold producer with operations in Western Australia. Ramelius is a former employer of Auris's Exploration Manager Matt Svensson, who played a pivotal role in developing the Wattle Dam Gold Mine, and is comparable as a Western Australian gold producer that an Auris discovery could feed into.

Emerging players

• Greatland Gold: AIM-listed gold and copper exploration company with major projects in Western Australia and elsewhere. Greatland is comparable as a junior explorer focused on tier-1 copper-gold discoveries with significant drill-stage assets.
• Breaker Resources: ASX-listed gold explorer with operations in Western Australia. Breaker is comparable as a Western Australian gold explorer with a single-jurisdiction focus pursuing advanced-stage gold discoveries, similar to Auris's Morck Well and Johnson Range portfolio.
• Forrestania Resources: ASX-listed explorer/developer acquiring the Johnson Range gold project from Auris Minerals (announced 2026). The transaction makes Forrestania a direct peer and transacting counterparty, with a comparable shift from explorer to acquirer-operator profile.
• Horseshoe Metals: ASX-listed copper and gold explorer with operations in Western Australia. Horseshoe Metals is a comparable junior explorer with board overlap (Auris Non-Executive Director Craig Hall serves on Horseshoe Metals), and its namesake project sits within the same Bryah Basin VMS province.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/AurisMinerals

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Auris Minerals