AURIC MINING COMPLETES SECOND TOLL MILLING CAMPAIGN AT JEFFREYS FIND

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6,295 Ounces Produced; Gold Sales Reach AUD$23.5M

Auric Mining Limited (ASX:AWJ) has successfully completed its second toll milling campaign at the Jeffreys Find Gold Mine for 2024. The campaign produced 6,295 ounces of gold from 128,000 tonnes of ore milled, generating AUD$23.5 million in gold sales.

Key highlights include:

• Highest sale price recorded at AUD$3,859 per ounce.
• Average sale price achieved was AUD$3,731 per ounce.
• Auric received an initial cash surplus distribution of AUD$2.0 million.

Managing Director, Mark English, commented on the results:

We are in the sweetest possible place with the mining of Jeffreys Find.

Total production for the year has passed 7,500 ounces. Another toll milling campaign is scheduled for the end of November. It will be a mighty run home for Auric as the project draws to conclusion.
Whilst the campaign processed lower tonnes than expected, the gross revenue was higher due to the extraordinary gold price.

The reconciled yield of 1.65 g/t was marginally below expectation but the recovery of 93.2% was excellent.

BML has a contract with Greenfields for 300,000 tonnes to be processed so it won’t be long before milling starts again. We are anticipating a further 142,000 tonnes to be processed in 2024 and early into 2025 at Greenfields.

Jeffreys Find will produce substantial cash for Auric. It has been an outstanding investment.

Read the full announcement.