• Processing of Munda ore commenced on 12 October 2025, ahead of schedule
• Trucking in progress to deliver 60,000-tonnes of high-grade ore to Lakewood Mill
• First gold sales of Munda ore expected in October 2025, with first cash to Auric in November 2025

Auric Mining Limited (ASX: AWJ) has announced that processing of ore from its Munda Gold Mine has commenced at the Lakewood Mill, operated by Black Cat Syndicate Ltd (ASX: BC8). The inaugural milling campaign started on 12 October 2025, ahead of schedule. Auric is currently trucking in 60,000-tonnes of high-grade ore from the Munda Starter Pit to be treated at the Lakewood facility. The Company expects first gold sales from this initial Munda ore parcel in late October 2025, with the first cash flows to Auric anticipated in November 2025. This represents a significant milestone for Auric as it begins to develop the Munda project, with the Starter Pit campaign setting the stage for the future development of the larger Munda Main Pit in 2026. The toll milling arrangement with Black Cat Syndicate provides a cost-effective pathway for Auric to monetize the Munda Starter Pit ore while positioning the Company for long-term growth.

Once the Starter Pit campaign is completed, Auric will commence detailed planning and scoping for the Munda Main Pit, with work scheduled to begin in Q1/2026. The Main Pit represents a major opportunity to expand production and reinforce Auric's ambition to build into an integrated, sustainable gold producer.