AURIC MINING GOLD SALES SURPASS $100 MILLION

Strong Results from Jeffreys Find Gold Mine

Auric Mining Limited (ASX:AWJ) has announced that gold sales from the Jeffreys Find Gold Mine have exceeded $100 million, marking a significant milestone for the project.

Key highlights from the announcement include:

Mining from Stage One and Stage Two has generated over $100 million in gold sales.
Auric has received an additional $1.5 million in interim cash distribution, bringing total Stage Two receipts to $8.1 million, alongside $4.8 million received from Stage One.
BML has confirmed that Stage Two is on track to deliver a cash surplus of $11–$12 million for Auric.
Stage Two gold sales have now surpassed 17,900 ounces.
Latest gold sales achieved A$4,625 per ounce, with an average price of A$4,024 per ounce.
A remaining 60,000-tonne parcel is set for milling in the coming months.

Managing Director’s Comment

Mark English, Managing Director:

The first ore was shovelled at Jeffreys Find in May 2023. In just a couple of years this short-life mine has now generated more than $100 million in gold sales for the Project.

Before starting we estimated a gold price of A$2,600 an ounce. Who could have envisaged that we would be selling gold at more than A$4,600 an ounce. By any measure it’s a brilliant result.

However, not all the money is in the bank yet. We are expecting millions more in surplus cash to be received. We are expecting millions more in cash over the next few months.