Auric Mining (ASX:AWJ)

30,300 Tonnes Processed in Opening Campaign of 2024.

Six Doré Bars Delivered to Perth Mint.

Through our joint venture with BML Ventures Pty Ltd of Kalgoorlie (BML), Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that toll milling of 30,300 dry metric tonnes of gold ore from the Jeffreys Find Gold Mine (the Project) near Norseman is now complete.


Highlights

  • 30,300 tonnes processed by Coolgardie Mill for first gold campaign of 2024.
  • 6 Doré bars weighing 64.68 kg delivered to Perth Mint.
  • First gold sales now imminent.
  • Total ounces and reconciliation of campaign to be advised.
  • Joint Venture remains on track to mill more than 300,000 tonnes in 2024.
Management Comment

Managing Director, Mark English, said“BML are wrapping up the first gold campaign of the year from Jeffreys Find.

“It looks good and will create millions of dollars in gross revenue for our joint venture.

“BML are currently stockpiling ore at the mine and at the mill. The next processing campaigns at the mill are scheduled for July and August 2024.

“Jeffreys Find Gold Mine will be a substantial cash producer to Auric throughout 2024 and 2025,” said Mr English.

Doré bars at Greenfields Mill.

Photo of the pit at Jeffreys Find (2 May 2024).

The Greenfields Mill at Coolgardie (Greenfields) commenced milling of Jeffreys Find ore on 17 April 2024 and the campaign finished on 30 April 2024. The first six Doré bars of the campaign, weighing 64.68kg, have been poured and dispatched to the Perth Mint for refining and sale.

The number of ounces of gold from the campaign and gross revenue from gold sales will be known shortly and advised to the ASX. BML are continuing to mine and stockpile ore on the mine site ROM Pad and at the Greenfields Mill. The next gold campaigns are scheduled for July and August 2024.

BML expects to mill more than 300,000 tonnes of ore during Stage Two of The Project. Stage One saw 176,000 tonnes processed to recover 9,741 ounces of gold.


Click here for the full ASX Release

This article includes content from Auric Mining, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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