AWJ.ASX: Clarification - Munda Resource Increased 32%

Clarification - Munda Resource Increased 32%

Stock	Auric Mining Ltd (AWJ.ASX)
Release Time	5 Jun 2026, 4:49 p.m.
Price Sensitive	Yes

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Auric Mining Ltd Announces 32% Increase in Munda Gold Deposit Resource

Key Points

Munda Gold Deposit Mineral Resource increased by 32%
Resource estimate at 4.20 Mt at 1.43 g/t for 192,000 oz Au
Gold production from the Starter Pit exceeded initial estimates

Full Summary

Auric Mining Ltd (ASX: AWJ) announced a significant increase in the estimated Mineral Resources at its Munda Gold Deposit, with the in situ Mineral Resource (Indicated and Inferred) re-estimated at 4.20 Mt at 1.43 g/t for 192,000 oz Au. This represents a 32% increase over the December 2024 estimate, despite the depletion of approximately 10,000 oz of gold. The increase is attributed to grade control drilling during the mining of the Munda Starter Pit, which returned numerous high-grade intercepts, supporting the re-estimation. The resource remains open along strike and at depth, with drill planning underway for both infill and resource extension. The re-estimation incorporates information from the mining of the Starter Pit, including the mill reconciled gold production, which was 46% higher than expected. Despite the increase in the estimated grade, the resource estimate remains conservative when compared to actual production results.

Outlook

Auric Mining Ltd is optimistic about further exploration and expansion of the Munda gold resource, with additional drilling anticipated to continue growing the resource.