Jeffreys Find Gold Mine Progress

• Processing of the last parcel of Jeffreys Find ore is complete
• 1,541 ounces of gold sold at an average price of $5,139.25 per ounce
• Auric has banked $1.0 million in an interim cash surplus distribution
• An additional 300 ounces of gold to be sold with further cash distribution expected

Auric Mining Limited (ASX: AWJ) has announced the completion of the last toll milling campaign at its Jeffreys Find Gold Mine near Norseman, Western Australia. The final approximately 60,000 tonnes of ore from the mine were processed at the Three Mile Hill Mill in Coolgardie. In total, Auric has sold around 30,000 ounces of gold produced from Jeffreys Find since mining commenced in May 2023. The company has received $12.9 million in prior cash distributions from the joint venture project with partner BML Ventures Pty Ltd, and a further $1.0 million in August. An additional 300 ounces of gold are expected to be sold within the fortnight, with a further cash distribution to Auric anticipated by the end of the month. Auric expects to bank around $14.5 million as its 50% share of the inaugural mining joint venture at Jeffreys Find. The additional funds will be used to support the company's mining operations at its Munda Gold Mine.

The completion of the Jeffreys Find Gold Mine toll milling campaign is expected in Q4/2025, with the final cash distribution to Auric to follow.