Munda Starter Pit Outperforms with Exceptional Results
Key points
- Total 8,475 ounces produced to date from Munda Starter Pit
- 938 ounces produced in fourth gold outturn of Campaign Two
- Exceptional Gold outturns, nearly 40% above budget
- Results confirm Munda as a substantial gold resource
Full summary
Auric Mining Limited (ASX: AWJ) has announced further progress on the Munda Starter Pit, reporting a total of 8,475 ounces of gold produced to date. This includes 2,718 ounces from Campaign One and 5,757 ounces from the second campaign, with the final outturn of 938 ounces completed on 2 March 2026. The gold production has significantly outperformed budget estimates, nearly 40% above the original 6,100 ounces forecast. These exceptional results confirm Munda as a substantial gold resource for the company. Auric's metal account at the ABC Refinery now holds 4,210 ounces of gold and 343 ounces of silver. The company's total combined value of cash, bullion, and listed investments as of 7 March 2026 stands at A$41.0 million. The Munda Starter Pit has provided invaluable insights into the orebody, and the company will now commence detailed scoping and planning for the larger Munda Main Pit, which represents a major opportunity to expand production and reinforce Auric's ambition to become an integrated, sustainable gold producer.
Guidance
The company has not provided any high-importance, price-sensitive forward-looking financial metrics in this announcement.
Outlook
The company has not provided any forward-looking outlook in this announcement, beyond stating that the Munda Main Pit represents a major opportunity to expand production and reinforce Auric's ambition to become an integrated, sustainable gold producer.
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