Strong Drilling Results Ahead of Larger Munda Development

Key points

• Initial drilling at Munda Gold Mine shows promising results
• High-grade gold intercepts support potential resource extension
• Grade control drilling indicates strong near-surface mineralization

Full summary

Auric Mining Limited has reported positive initial results from ongoing drilling programs at the Munda Gold Mine, targeting potential resource extension and grade control. Broad spaced RC drilling has returned numerous mineralized zones, including a significant intercept of 4m @ 10.49 g/t gold. Grade control drilling has also shown promising results with intercepts such as 15m @ 5.56 g/t gold. These results support the potential to extend the resource along strike beyond the current pit design and demonstrate strong near-surface mineralization within the planned open pit.

Outlook

Auric Mining is optimistic about the potential for resource extension and the successful completion of the drilling programs, which are crucial for the planned recommencement of mining in 2027.