Quarterly Activities Report 30 June 2024

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to report on its activities during the 30 June 2024 Quarter.

Highlights

Jeffreys Find Gold Mine

• First Gold Processing Campaign Completed: Commenced in mid-April 2024, processing approximately 30,300 tonnes of ore and producing six doré bars weighing 64.68 kg, generating $4.46 million in revenue for the Joint Venture with milling at Greenfields Mill in Coolgardie.
• Stage 2 Mining: Stage 2 aims to extract a minimum of 300,000 tonnes of ore in 2024/2025, with round-the-clock operations using larger equipment to double the 2023 output.

Munda Gold Project

• Grade Control Completed: Grade control drilling on an initial 10m x 10m pattern was completed and mine planning progressed substantially, with detailed mine planning underway.

Spargoville Gold Project

• Drill Results: On 4 June 2024, results from a six-hole RC drilling program have outlined a large and prospective basement gold target beneath shallow mineralisation in weathered rock.

Corporate

• The company reported a strong financial position with $3.4 million in cash at the end of the quarter.
• Completion of the 31 March 2024 option issue and finalise issue of all shares.
• Current issued share capital is now 148,553,371 shares.

Managing Director, Mark English said: “We have advanced the mining at Jeffreys Find Gold Mine. BML have been excellent partners and miners. From Auric’s perspective everything at Jeffreys Find is going according to plan. The substantial increase in the gold price is truly “icing on the cake”.

“We completed a lot of work at Munda on the technical matters to advance this project. In addition, we completed a Heritage Survey with the Marlinyu Ghoorlie traditional owners to clear the development area for the haul road. Another specific piece of work that had to be completed.

“We undertook a RC drilling program at our Fugitive Prospect at Spargoville. The geologists see potential similarities to the Wattle Dam deposit 8km to south and have planned further drilling to test the concept.

“We held our Annual General Meeting on the 24 May 2024. This was well attended with over 20 people at the meeting. All resolutions put to the meeting were passed,” said Mr English.

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