RaaS Research Initiates Coverage on Auric Mining

RaaS Research Group has initiated coverage on Auric Mining, publishing a comprehensive 28-page initiation report titled "Building mines and banking cash". The report values Auric at $0.499 per share fully diluted ($0.937 undiluted), a premium of 108% to the current share price, driven by the proposed Burbanks Processing Hub (BPH) which RaaS estimates carries a post-tax NPV of ~$138 million with an IRR of 66%. The report highlights Auric's ~$42 million cash position, the 192,000oz Munda resource, successful toll treating campaigns that have generated $55 million+ in cash flows since 2023, and a strengthened leadership team as key foundations for the company's transition to a standalone gold producer by 2028.