Auris Minerals (ASX: AUR) has responded to an ASX query regarding unusual share price and volume movements by stating it is unaware of any undisclosed material information. This announcement, made on 5 January 2026, comes as the company's annual report details ongoing exploration efforts alongside significant impairments and material uncertainties regarding its ability to continue as a going concern.
ASX Query on Trading Activity
Auris Minerals confirmed it is unaware of any non-public information that could explain recent share price and volume fluctuations. The company reiterated its compliance with Listing Rule 3.1 and stated it was not relying on Listing Rule 3.1A to withhold any information.
The ASX query highlighted a notable increase in trading activity, with Auris shares rising from a closing price of 0.024 AUD on 31 December 2025 to an intraday high of 0.038 AUD on 5 January 2026.
The ASX advised that if information required to be disclosed under Listing Rule 3.1 is not disclosed promptly, trading halts or suspension could be considered. Auris noted that its responses were authorised under its continuous disclosure policy or by a board officer.
Annual Report Flags Going Concern Uncertainty
The company's annual report for the year ended 30 June 2025 revealed a net loss after tax of 4,050,382 AUD. This reflects the ongoing nature of an exploration-focused business without revenue generation.
Auris also recognised significant impairment charges of 3,615,111 AUD against exploration and evaluation expenditure during the period.
With cash and cash equivalents of 1,167,661 AUD at year end, management highlighted a material uncertainty about the company's ability to continue as a going concern. The continuation of operations is contingent upon securing further funding through equity raisings or other financing initiatives, or by reducing discretionary expenditures.
Exploration Progress and Asset Review
Exploration activities continued in the Bryah Basin, Western Australia, with MCAC drilling results at McLean Well showing base metal and manganese mineralisation. The company noted that mineralisation remains open along strike to the northeast for several kilometres.
Auris was granted Retention Licence R52/10 on 6 January 2025, which covers the Forrest and Wodger copper resources. These resources are estimated at 24 million tonnes at 1.7% copper for approximately 41,500 tonnes of contained copper. Auris retains an 80% interest in Forrest, with Westgold Resources holding 20%, free carried to a decision to mine.
Conversely, the Doolgunna project has been fully impaired in the financial year, with the company indicating it is subject to relinquishment or divestment. Recent rock chip sampling at the Morck Well Project in September 2025 returned a maximum of 0.88 g/t gold at Jacques Gold Prospect, described as nuggety and variable. The company plans to review these results with historical data to determine if further exploration is warranted at Morck Well.
Recent Funding and Dilution
To support its operations and exploration strategy, Auris Minerals announced a strategic placement in October 2025 to sophisticated investors. This placement aimed to raise 3.2 million AUD (before costs) at an estimated issue price of 0.004 AUD per share.
The placement involved the issuance of 800 million new ordinary shares. A first tranche of 71,493,893 shares was issued, with the remaining 728,506,106 shares subject to shareholder approval at a general meeting planned for late November 2025.
The raise also included a proposal for 250 million unlisted options, exercisable at 0.004 AUD with a 3-year expiry, potentially providing up to an additional 1 million AUD if all options are exercised. The indicative use of funds included 1.6 million AUD for project identification and acquisition, 350,000 AUD for existing project exploration, 250,000 AUD for offer costs, and 1 million AUD for working capital.
Financial Health and Exploration Outlook
Auris Minerals is navigating a critical period, addressing regulatory scrutiny over share movements while its annual report underscores significant financial challenges, including a material going-concern uncertainty. While exploration in the Bryah Basin continues with promising copper and manganese targets, the company's ability to sustain operations and fund future development hinges on successful capital raising efforts.
