AWJ.ASX: Integrated Study Advances Burbanks and Munda

Integrated Study Advances Burbanks and Munda

Stock	Auric Mining Ltd (AWJ.ASX)
Release Time	27 Jul 2026, 8:22 a.m.
Price Sensitive	Yes

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Auric Mining Announces Integrated Study for Burbanks and Munda

Key Points

Re-establishment of Burbanks sets up Auric as a standalone gold producer
Integrated project expected to generate robust financial outcomes
Capital cost estimate for Burbanks re-establishment is $94.3M
Project economics are robust across a range of gold prices
Auric sees potential for growth through exploration and acquisitions

Full Summary

Auric Mining Limited (ASX: AWJ) has presented the outcomes of its Integrated Burbanks and Munda Scoping Study, which supports the re-establishment of the Burbanks processing facility and the restart of mining at the Munda gold deposit. The study indicates that re-establishing Burbanks provides a pathway to establishing a standalone integrated gold producer. The capital estimate for Burbanks re-establishment is $94.3M, completed to PFS-level accuracy. The study also includes a larger open pit at Munda with a mineral resource estimate of 2.77 Mt at a grade of 1.75 g/t Au for 155,844 ounces. The integrated project is expected to generate a revenue of $812M, with a payback period of 2.3 years and an AISC of $2,843/oz.

Guidance

Revenue: $812M, Payback: 2.3 years, AISC: $2,843/oz

Outlook

Auric Mining sees potential for growth through exploration success, resource growth, and potential regional consolidation and acquisitions.