Quarterly Activities ReportFor the Quarter Ended 30 September 2022

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide an update on its activities during the 30 September 2022 Quarter and up to the date of this announcement.

• Heritage survey at Chalice West completed. Program of Works for drilling approved and inaugural drilling program commenced 17 October 2022.

• 240 Aircore holes programmed to test for Chalice Gold Mine analogues and for other minerals including nickel, lithium and rare earth elements.

• Agreement with BML Ventures Pty Ltd (BML) to mine the Jeffreys Find gold deposit. BML, an experienced mining contractor, will be responsible for all mining-related capital and working capital costs. BML’s role is to extract the ore and deliver it to a gold processing plant.

• Once all BML costs have been paid, the net surplus cash will be split 50/50 between BML and Auric. There will be no cost to Auric once a decision to mine is made.

• Mining at Jeffreys Find planned in two stages: a starter pit and final pit. The agreement includes provision for an interim split of surplus cash following the completion of the starter pit.

• Completion of placement to sophisticated investors raised $1,130,200 before costs. Company announced a Share Purchase Plan for shareholders.

1.0 AURIC PROJECT SUMMARY

Auric’s projects are all in the Widgiemooltha-Norseman area of Western Australia, extending from Kambalda, over approximately 100km south to 45km northeast of Norseman. The projects are represented in Figure 1 and comprise the Spargoville Project, the Widgiemooltha Gold Project, the Jeffreys Find Project, and the Chalice West Project.

The combined projects now combine 33 tenements, 24 granted and 9 in application, and cover an area of 516km2. At Munda, which is part of the Widgiemooltha Gold Project, Auric holds all mineral rights except nickel and lithium which are held by Widgie Nickel Ltd.

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