Quarterly Activities Report

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Stock Auric Mining Ltd (AWJ.ASX)
Release Time 29 Oct 2025, 12:16 p.m.
Price Sensitive Yes
 Auric Mining Ltd Quarterly Activities Report
Key Points
  • Jeffreys Find Gold Mine successfully completed, generating $14.5 million in cash for Auric
  • Munda Gold Mine commenced production, with first gold pour and cash expected in Q4 2025
  • Acquisition of Burbanks Gold Processing Plant completed, securing strategic processing capacity
Full Summary

Auric Mining Limited (ASX: AWJ) has reported on its activities during the September 2025 quarter, highlighting several transformational developments for the company. The key achievements include the successful completion of the Jeffreys Find Gold Mine Joint Venture, which generated $14.5 million in cash for Auric, the commencement of mining and processing at the Munda Gold Mine, and the acquisition of the Burbanks Gold Processing Plant. The Jeffreys Find Gold Mine Joint Venture concluded its final toll milling campaign, producing a total of 29,537 ounces of gold over the two-year operation, with Auric receiving an interim cash distribution of $1.4 million and expecting a final distribution in Q4 2025. At the Munda Gold Mine, mining of the Starter Pit advanced, with approximately 300,000 Bank Cubic Metres of ore and waste mined by the end of the quarter. The first 60,000-tonne parcel of Munda ore commenced processing at the Black Cat Syndicate's Lakewood Mill, with the first gold pour completed on 21 October 2025 and first cash anticipated in November 2025. Auric also completed the acquisition of the fully permitted 180,000 tonne-per-annum Burbanks Gold Processing Facility, a strategic move that will provide a processing solution for ore from both the Munda and Lindsay's projects. Additionally, Auric confirmed it will proceed with the acquisition of the Lindsay's Gold Project, including the Parrot Feathers open pit. The company's issued capital stood at 186,181,102 shares, with cash and investments on hand totaling $1.1 million as of 30 September 2025.

Guidance

At prevailing gold prices over A$6,000 per ounce, the Munda Gold Mine project is forecast to deliver robust early cashflows.

Outlook

The next 12 months will see continued execution of Auric's medium-term strategy, including mining at Munda, completing the Lindsay's acquisition, and preparing the Burbanks plant for development. The company is committed to unlocking long-term value and delivering consistent growth for shareholders.