Announcement PDF ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Spargoville Project Encouraging RC Drilling Results Highlights • 17 hole RC program completed at Fugitive and Anomaly 37 Prospects. • Fugitive Prospect continues to encourage with results including: o o o o o ASRC023; 7m @ 4.88g/t Au, including 3m @ 10.36g/t Au. ASRC021; 2m @ 10.69g/t Au. ASRC016; 1m @ 12.1g/t Au. ASRC012; 13m @ 1.35g/t Au. ASRC014; 9m @ 0.99g/t Au. • Mineralised zone at Fugitive remains a highly prospective target for further drilling. • First pass RC drilling at Anomaly 37 opens up tabular anomaly to target for further exploration. • Results encourage further RC drilling at both Prospects. Management Comment Mr. Mark English, Managing Director: “The anomalous core to the Fugitive Prospect extends over 700m length and we don’t know to what depth – still too early to say whether there’s something big under there but lots of encouragement. To add to that, we’ve now opened up a new target at Anomaly 37” Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Mr. John Utley, Technical Director: “We have defined a mineralised zone within an 80m wide basalt running along the spine of the Fugitive Prospect. Significantly mineralised intercepts are commonplace within this unit and while a coherent and potentially economic zone has been elusive, we’re encouraged by the results to date. There remains substantial potential for economic mineralisation within the basalt. Early days at Anomaly 37 where a distinct zone of mineralisation is hosted in ultramafics. We’re particularly keen to get some deeper holes into that mineralisation beneath a spectacular intercept in an historic hole and to the north of our drilling.” The Announcement Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce that results have been received for an RC program recently completed within the Spargoville Project, at the Anomaly 37 and Fugitive Prospects. The holes targeted gold mineralisation beneath prominent auger soil anomalies and supergene (ie, weathering enriched) gold concentrations defined by aircore and RAB drilling (Figure 1). Best results were returned for supergene mineralisation from the Fugitive Prospect with: Hole ID Best results ASRC023 7m @ 4.88g/t Au from 45m, including 3m @ 10.36g/t from 48m; and ASRC012 13m @ 1.35g/t Au from 58m. Best results from within fresh rock, also at the Fugitive Prospect, included: Hole ID Best results ASRC021 2m @ 10.69g/t from 81m; ASRC016 1m @ 12.1g/t Au from 132m; and ASRC014 9m @ 0.99g/t Au from 73m. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Figure 1. Spargoville Project location plan. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 The RC Drill Program A total of 17 RC holes were drilled for 2497m; 5 holes in the Anomaly 37 Prospect and 12 holes in the Fugitive Prospect. Hole details are recorded in Appendix 1. The holes were drilled by Kalgoorlie-based Kennedy Drilling and holes sampled at 1m intervals via a cyclone and rig-mounted fixed-cone splitter. The individual samples were completely pulverised and 40g subsamples analysed for Au by fire assay at a Bureau Veritas facility in Kalgoorlie. Refer to Appendix 2, JORC Checklist for further details. Fugitive Prospect The Fugitive Prospect lies within Auric’s Spargoville Project centred 4km west of the Coolgardie-Esperance Highway and 35km southwest of Kambalda. It is outlined by a large and prominent auger-soil anomaly and was targeted by previous explorers with RAB, Aircore and shallow RC holes (Figure 2). A total of 12 RC holes were drilled at Fugitive in the latest program such that Auric have now drilled a total of 17 RC holes along the approximately 700m strike length of the Fugitive Prospect at line spacings of between 20m and 100m (Figure 2). Previous drilling at Fugitive is dominated by drill holes that ended in weathered rock. Many of the significant assays in the weathered rock are likely to represent a supergene, ie, weathering enriched and potentially remobilised, component to gold mineralisation. The supergene gold mineralisation will have a primary (ie, fresh rock) source and Auric’s drill holes have been drilled to locate and define primary mineralisation. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Figure 2. The Fugitive Prospect, defined by auger-soil gold anomalism, with Auric RC and Aircore hole collars and historic drill hole collars. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 A gold mineralised envelope defined by gold concentrations above 0.1g/t Au can be recognised within fresh basalt in many of the holes (e.g., Figures 3 and 4). This is a persistent feature, defined within the 70-90m wide basalt unit along the length of the Fugitive Prospect. There is potential for economic concentrations of gold mineralisation within that envelope. Figure 3. Fugitive Prospect Cross Section 6,535,290m North. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Figure 4. Fugitive Prospect Cross Section 6,534,750m North. Significant gold assays at a 0.5g/t cut-off are shown in Table 1. The best result was: Hole ID Best result ASRC023 7m @ 4.88g/t Au from 45m, including 3m @ 10.36g/t from 48m The intercept occurs above the Top of Fresh Rock and is interpreted as supergene. It is represented in cross section (Figure 4) with an interpretation showing potential for mineralisation to persist at depth. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Other significant assays with a likely supergene component include: Hole ID Results ASRC012 13m @ 1.35g/t Au from 58m; and ASRC015 4m @ 2.32g/t Au from 28m. Gold intercepts in fresh rock (primary mineralisation) include: Hole ID Best results ASRC021 2m @ 10.69g/t from 81m; ASRC016 1m @ 12.1g/t Au from 132m; and ASRC014 9m @ 0.99g/t Au from 73m. ASRC012 From (m) 6 To (m) 7 Downhole Interval (m) 1 ASRC012 50 51 1 2.44 ASRC012 58 71 13 1.35 ASRC012 74 75 1 1.15 ASRC013 39 40 1 1.04 ASRC013 71 72 1 0.69 ASRC014 52 53 1 0.57 ASRC014 57 59 2 0.57 ASRC014 64 66 2 0.81 ASRC014 73 82 9 0.99 ASRC014 107 108 1 1.20 ASRC014 110 111 1 0.62 ASRC015 28 32 4 2.32 ASRC015 35 36 1 0.51 ASRC015 86 88 2 0.57 ASRC015 116 117 1 0.81 ASRC015 122 123 1 2.15 ASRC016 91 92 1 0.68 ASRC016 102 103 1 0.5 ASRC016 113 116 3 1.41 ASRC016 123 124 1 0.64 Hole ID Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 Au (g/t) 0.85 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 ASRC016 132 133 1 12.1 ASRC016 138 140 2 1.49 ASRC016 143 144 1 0.51 ASRC016 174 175 1 0.60 ASRC017 0 1 1 0.74 ASRC017 46 48 2 0.51 ASRC017 52 53 1 0.66 ASRC017 59 60 1 0.5 ASRC017 92 93 1 0.74 ASRC018 85 86 1 0.61 ASRC018 132 133 1 2.01 ASRC019 42 43 1 0.72 ASRC019 89 90 1 0.77 ASRC019 142 143 1 0.82 ASRC019 157 158 1 1.23 ASRC020 115 116 1 2.3 ASRC021 81 83 2 10.69 ASRC021 96 97 1 1.14 ASRC021 100 101 1 0.61 ASRC021 135 136 1 1.00 ASRC022 28 29 1 0.50 ASRC022 134 135 1 0.66 ASRC023 33 41 7 0.54 ASRC023 45 52 7 4.88 incl 48 51 3 10.36 ASRC023 81 82 1 Table 1. Fugitive Prospect Significant Assays at 0.5g/t Au cut-off. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 1.58 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Anomaly 37 Prospect The Anomaly 37 Prospect is centred approximately 2km north of the Fugitive Prospect, within the same tenement (E15/1688). It is also defined by a large and prominent auger-soil anomaly and was targeted by previous explorers with RAB, Aircore and shallow RC holes (Figure 5). Figure 5. The Anomaly 37 Prospect, defined by auger-soil gold anomalism, with Auric RC and Aircore hole collars and historic drill hole collars. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 The prospect has been described in previous announcements including summaries of drilling by earlier explorers Ramelius Resources Limited (Ramelius) and Tychean Resources Limited (Tychean) 1 and by Breakaway Resources Ltd (Breakaway). 2 A small tenement, P15/5912, was recently amalgamated into E15/1688 and 23 historic RAB holes drilled by Breakaway Resources within that tenement have been incorporated into the prospect dataset. Hole details and significant intervals for the 23 RAB holes are shown in Appendix 3 and a JORC checklist in Appendix 4. A number of significant intercepts were recorded by Breakaway, including LFR192; 8m @ 23.12g/t from surface, in turn including1m @ 174g/t Au from 4m. Auric drill hole ASRC010 was drilled beneath this spectacular intercept (Figure 6). Five RC holes were drilled in the current program. Hole details are recorded in Appendix 1. Significant assays at a 0.5 g/t cut-off are recorded in Table 2. Hole ID From (m) To (m) Downhole Interval (m) Au (g/t) ASRC007 78 83 5 0.88 ASRC008 NSI ASRC009 60 61 1 0.79 ASRC010 69 70 1 0.51 ASRC010 81 82 1 0.81 ASRC010 99 101 2 0.68 3 0.58 ASRC011 117 120 Table 2. Anomaly 37 Significant Assays at 0.5g/t cut-off. Significant assays at a 0.5g/t Au cut-off all occur within an approximately 120m wide ultramafic unit, within which a mineralised envelope is defined by gold concentrations above 0.1g/t Au. The mineralised envelope is most pronounced in the northern sections and particularly in ASRC010 where it is approximately 35m wide (true width). 1 (ASX:AWJ): 2 March 2021. Auric Mining Limited Resources Summary and Exploration Update. 2 (ASX:AWJ): 4 June 2024. RC Drilling at Spargoville – Fugitive Prospect. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Figure 6, Anomaly 37 Prospect Cross Section 6,537,100m North. Next Steps The gold mineralised envelopes defined at the Anomaly 37 and Fugitive Prospects have the potential to host economically significant deposits. At Fugitive, the southern half of the prospect, over approximately 470m strike length, has been sparsely tested by RC drilling at line spacings of between 50m and 100m. This area has provided some of the best supergene (e.g., 7m @ 4.88g/t Au) and primary (e.g., 2m @ 10.69g/t Au) drill hole intercepts and will be the focus for the next phase of RC drilling. At Anomaly 37, first pass RC drilling shows that mineralisation is open to the north and that the zone of anomalous mineralisation is particularly wide beneath high grade historic drill hole LFR192 (8m @ 23.12g/t). Further RC drilling will target mineralisation in both locations. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 COMPLIANCE STATEMENT The information in this announcement that relates to exploration targets and exploration results is based on and fairly represents information and supporting documentation compiled by Mr John Utley, who is a full-time employee of Auric Mining Limited. Mr Utley is a Competent Person and a member of the Australian Institute of Geoscientists. Mr Utley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Utley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This announcement has been approved for release by the Board of Auric Mining Ltd. Enquiries Investor Relations Mark English Managing Director Auric Mining Limited Alex Cowie Director NWR Communications T +61 409 372 775 E menglish@auricmining.com.au T +61 412 952 610 E alexc@nwrcommunications.com.au Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 Follow our communications info@auricmining.com.au 08 9548 9997 Click here to subscribe to our updates auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Appendix 1: RC Drill Hole Details Hole_ID Type Hole Depth (m) MGA_East MGA_North Orig_RL Dip MGA_Azi ASRC007 RC 162 353065 6534748 399 -60 90 ASRC008 RC 120 352346 6537056 420 -60 270 ASRC009 RC 120 352242 6537062 415 -60 90 ASRC010 RC 120 352204 6537104 411 -60 90 ASRC011 RC 120 352315 6537131 407 -60 270 ASRC012 RC 84 352873 6535384 400 -60 90 ASRC013 RC 180 352833 6535389 377 -60 90 ASRC014 RC 150 352880 6535318 382 -60 90 ASRC015 RC 180 352855 6535335 379 -60 90 ASRC016 RC 180 352869 6535286 374 -60 90 ASRC017 RC 150 352894 6535213 388 -60 90 ASRC018 RC 150 352917 6535142 387 -60 90 ASRC019 RC 180 352966 6535041 392 -60 90 ASRC020 RC 139 352976 6534936 390 -60 90 ASRC021 RC 150 352984 6534882 392 -60 90 ASRC022 RC 162 353042 6534802 389 -60 90 ASRC023 RC 162 353065 6534748 399 -60 90 Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Appendix 2: Fugitive Prospect RC Drilling JORC Table 1 Checklist Section 1 Sampling Techniques and Data (Criteria in this section apply to the succeeding section) Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. • RC drill samples were taken at 1m intervals via a cyclone and fixed cone splitter. Samples of nominally 2.5kg were collected in calico bags and submitted to Bureau Veritas Minerals in Kalgoorlie. Samples were pulverised to a nominal 90% passing 75µm. Approximately 200g of the pulverised product from each sample is kept. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Samples were analysed for Au via 40g fire assay with AAS for determination of gold concentration. Aspects of the determination of mineralisation that are Material to the Public Report. • The samples for each 1m interval remaining after removal of the nominal 2.5kg split were laid out in rows at the drill site and this material used for geological logging • RC drilling using a face-sampling hammer with a drill bit (hole) diameter of approximately 133mm. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. Drilling techniques Drill type (e.g. core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. • Sample recovery is assessed as having been reasonable overall. Samples submitted for assay were weighed at the lab and sample weights reported – they show some small samples in the 1st few metres of drill holes, a maximum weight of 5.0kg and an average weight of 2.2kg • There is no evidence of sample bias • Drill chips were logged at 1m intervals corresponding to the sample intervals and according to Auric’s coding system in sufficient detail to support mineral resource estimation, mining studies and metallurgical studies. • The logging is qualitative in nature. • Chips were not photographed but a small proportion of chips from each interval have been retained in compartmentalised chip trays. • The total length logged is 2455m which is 100% of the drilled intervals • RC chips were sampled at 1m intervals via a fixed cone splitter samples were dry apart from 11 which were recorded as wet. • A duplicate sample was taken with every 15th sample using a 2nd chute on the splitter and a pulp standard was inserted after every 30 samples such that 10% of samples submitted for assay are either duplicates or standards. Measures taken to maximize sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. Subsampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all cores taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 15 November 2024 Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • The duplicate assays show reasonable correlation. • Sample sizes (nominally 2.5kg) were pulverised prior to subsampling of 40g for fire assay and are considered appropriate. • In addition to standards submitted by Auric, the laboratory (Bureau Veritas) analysed standards and blanks inserted with each fire assay batch. Comparison of expected results for standards with the assays received for the RC samples indicates accurate and precise laboratory data. The verification of significant intersections by either independent or alternative company personnel. • Anomalous assays have been verified by alternative Auric personnel. The use of twinned holes. • No twinned holes have been drilled. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Field sample records are merged with assay results from the lab and various cross reference checks, both manual and computational used to ensure data integrity. • Data is stored on two separate computers and backed up routinely. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. Verification of sampling and assaying Discuss any adjustment to assay data. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE Location of data points 15 November 2024 • No adjustment has been made to assay data • Hole collar positions were located using a hand-held GPS referenced to MGA-GDA94, Zone 51and are accurate to within 5m. • Downhole surveys were taken by the drilling contractor using a gyro at approximately 10m intervals. • Collar surveys included an elevation measurement and are located within the MGA-GDA94 grid system, Zone 51 • 17 holes were drilled over several strike lengths of approx. 80m and 700m within a prominent auger-soil gold anomaly and intercalated with historic, generally shallow drill holes. • At this exploration stage, the data is dominated by historic drilling with insufficient QA to be incorporated into a resource estimate. Whether sample compositing has been applied. • No sample compositing Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • At both prospects, mineralisation is interpreted to dip steeply, from near vertical to 75 degrees to the west such that mineralized intercepts in drill holes inclined at 60˚ to the east represent between 50% and 75% of true width and intercepts in holes inclined at 60˚ to the west represent between 26% and 50% of true widths. • Auric personnel were present during all drilling and sampling and individual samples were bagged and sealed in larger polywoven bags with no opportunity for tampering. Accuracy and quality of surveys used to locate drill holes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. Data spacing and distribution Orientation of data in relation to geological structure Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. Sample security The measures taken to ensure sample security. Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE Audits or reviews 15 November 2024 The results of any audits or reviews of sampling techniques and data. • Samples were transported to the lab by Auric personnel • There have been no reviews of sampling techniques and data related to the current program. Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. • RC drilling was conducted on E15/1688 which is held by Spargoville Minerals Pty Ltd, a wholly owned subsidiary of Auric Mining Ltd. • There are no known impediments to obtaining a licence to explore or mine in the area beyond routine compliance requirements The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. • All drilling within the Spargoville project prior to the current RC program was undertaken by other parties including 117 air core and RAB holes and 12 RC holes drilled by Ramelius Resources, Tychean Resources and Breakaway Resources. Geology Deposit type, geological setting and style of mineralisation. • Previous companies have explored for both Au and Ni. • Au exploration references analogues to the ultramafic-hosted Wattle Dam Au deposit, 8km to the south of the Fugitive Prospect and to the sediment-hosted Spargos Reward Au deposit 8km to the Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE Criteria 15 November 2024 JORC Code explanation Commentary north. Both of the deposits are shear hosted. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: • Ni has been targeted in ultramafic units with potential for komatiitehosted Ni-sulphide mineralisation analogous with deposits in the Widgiemooltha and Kambalda areas. • In the Fugitive Prospect, Au in fresh rock occurs within metabasalts and is associated within thin (<10cm) quartz veins and generally less than 2% sulphides, predominantly py. • In the Anomaly 37 Prospect Au mineralisation occurs in the ultramafic with 1% of sulphides in the form of py. This is associated with quartz carbonate veining <5% of chip material. • Refer to: Table 1: RC Drillhole Details Table 2: Significant gold intervals at 0.5g/t cut-off o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole. o down hole length and interception depth o hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person Auric Mining Limited ACN 635 470 843 Level 1, 1 Tully Road, East Perth WA 6004 PO Box 1057, Joondalup DC WA 6919 info@auricmining.com.au 08 9548 9997 auricmining.com.au ASX: AWJ ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE Criteria JORC Code explanation 15 November 2024 Commentary should clearly explain why this is the case. Data aggregatio n methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (e.g. cutting of high grades) and cut-off grades are usually Material and should be stated. • Samples were collected at 1m intervals and aggregate intervals incorporate only 1m intervals. • Samples were aggregated at a 0.5g/t cut-off with no top-cut applied • Mineralisation widths are between 40% and 70% of down hole intercept lengths. Where aggregate intercepts incorporate short lengths of high-grade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. Relationship between mineralisatio n widths and intercept length