Munda Gold Mine Campaign One Results

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Stock Auric Mining Ltd (AWJ.ASX)
Release Time 1 Dec 2025, 8:26 a.m.
Price Sensitive Yes
 Munda Gold Mine Campaign One Results Exceed Expectations
Key Points
  • A$16.85M sales from initial Munda Starter Pit campaign surpassing expectations
  • A$10.82M cash to Auric after direct third-party costs
  • 2,718 ounces sold at an average price of A$6,200 per ounce
Full Summary

Auric Mining Limited (ASX: AWJ) has announced the final production and financial results from the first processing campaign at its Munda Starter Pit, which has exceeded expectations. The campaign produced 2,718 ounces of gold, with a reconciled head grade of 1.61 g/t and a mill recovery of 90.67%. This resulted in A$16.85 million in gross gold sales, with A$10.82 million received by Auric after milling, haulage and royalty costs. The strong gold price, combined with solid performances at Munda and the Lakewood Mill, has delivered exceptional early returns from the Munda gold mine. These results reinforce the quality of the Munda orebody and validate Auric's development strategy. The Company has secured the next processing campaign at Lakewood Mill, scheduled to commence in mid-January 2026, ensuring continuity of ore monetisation. Following completion of the second campaign, Auric will advance planning for the Munda Main Pit, representing a significant expansion opportunity and the next stage in establishing the company as a sustainable mid-tier Western Australian gold producer.

Outlook

Auric will advance planning for the Munda Main Pit, including detailed design, scheduling and economic analysis, with work set to commence in Q1 2026. The Main Pit represents a significant expansion opportunity and the next stage in establishing Auric as a sustainable mid-tier Western Australian gold producer.