Auric Mining: On Course Toward Gold Production in Western Australia

Auric Mining Limited (ASX:AWJ) is developing some of the biggest gold projects in the region, including Karora Resources’ Higginsville Operations and Beta Hunt Mine, Pantoro’s Norseman Project and Goldfields St Ives Gold Mine.

Auric’s flagship project, the Munda Gold project, has a combined indicated and inferred resource estimate of 198,700 ounces of gold at a cutoff of 0.5 g/t, giving it the potential to become a significant open-pittable gold project in the region. The asset is part of the Widgiemooltha Gold project, which includes 16 live tenements and four pending applications.

Company Highlights

• Auric Mining is a Western Australia-based exploration and development company focusing on promising gold, nickel, lithium and rare earths targets. The company aims to become a significant producer in this premier mining jurisdiction.
• The company currently operates four Western Australia assets: Widgiemooltha, Jeffreys Find, Spargoville, and Chalice West.
• Jeffreys Find is moving toward production with contractor BML Ventures set to undertake open-pit gold mining through a new agreement with Auric Mining.
• The company has completed an option agreement to acquire the Chalice West project. Inaugural drilling program commenced on October 17, 2022.
• The Munda Gold project is the company’s flagship asset, with a resource estimate of 198,700 ounces of gold and has potential to expand.
• Auric’s additional projects are progressing with Widgiemooltha, Spargoville and Chalice West yielding promising exploration results.
• A management team leads the company with a range of expertise throughout the natural resources industry. A successful team that has done it before.
• Large 516 km² landholding in premier mining jurisdiction in Western Australia.
• Moved from nil gold ounces to 246,000 ounces in the past 2 years.
• Board and leadership team with a track record of delivering success for shareholders.

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