Significant Processing Infrastructure Acquired for Burbanks

Key points

• Acquired processing infrastructure for $1.2M, expected savings of $15-$20M
• Equipment includes crushing circuit, conveyors, and milling structure
• Spare parts and consumables included, reducing future capital and operating costs

Full summary

Auric Mining Ltd has acquired a significant package of processing infrastructure for its Burbanks project, including a complete three-stage crushing circuit, fine ore bin and conveyors, material handling equipment, and milling structure. The acquisition, which cost $1.2 million, is expected to save between $15-$20 million compared to the replacement cost. The equipment, in excellent condition and located in New South Wales, will be disassembled and relocated to Burbanks, with installation expected to begin in Q1 2027. This acquisition supports the initial 600ktpa Burbanks CIL plant design and includes spare parts and consumables, reducing future capital and operating expenditure.