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Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that toll milling of the first batch of approximately 30,000 tonnes of ore from its Jeffreys Find Gold Mine has now commenced. It is being processed by the Greenfields Mill at Coolgardie.
Highlights
- Toll milling of ore from the Jeffreys Find Gold Mine commenced on 19 July 2023.
- Initial batch of approximately 30,000 tonnes expected to be processed by the end of July.
- First gold to be poured within days.
- More than 100,000 tonnes of gold ore on ROM Pad at Jeffreys Find mine awaiting transport to mill.
Auric Mining has now reached a landmark moment as a maiden gold pour is expected within days.
“In less than three years since listing on the ASX we have become one of Western Australia’s gold producers. This is a first-class result for Auric and its partner, BML Ventures Pty Ltd (BML) of Kalgoorlie,” said Auric’s Managing Director Mark English.
“Once the first batch has been processed through the mill, we will be able to reconcile gold recovered against the grade control model greatly adding to confidence in the project economics. That is only weeks away,” he said.
“Meanwhile BML have now stockpiled more than 100,000 tonnes of ore at the mine site near Norseman, awaiting transport to the mill. This project is right on track to achieve our ambition of mining and processing 150,000 to 180,000 tonnes from the mine, in the first phase,” said Mr. English.
More than 100,000 tonnes of gold ore is now sitting on the ROM pad at Jeffreys Find.
The total project life is short and final mining is expected to be completed by the end of 2024. The project budgeted on a gold price of AUD$2,600/ounce. A consistently higher gold price has now placed the joint venture in a more favourable position.
Open pit mining at the Jeffreys Find Gold Mine.
Click here for the full ASX Release
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