First Munda Gold Mine Sales at average A$6,130 an ounce
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 5 NOVEMBER 2025
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
First Gold Sold
Munda Gold Mine
Highlights
• First gold sold from Munda Gold Mine on 31 October and 3 November 2025.
• A total of 1,790 ounces of gold sold at an average of A$6,130 per ounce.
• Gross revenue from first sales just below A$11million, with more to come.
• First cash to Auric expected this week.
• First toll campaign completed 2 November 2025, with approximately 59,000
tonnes milled.
• Further gold sales and cash from the first ore parcel to occur this month.
Management Comment
Managing Director, Mark English, said:
“In this buoyant gold market Auric is delighted to confirm the first gold sales from our
Munda Starter Pit.
“Two sales of 980 ounces and 810 ounces at an average of A$6,130 an ounce is an
excellent outcome for us and an exceptional start to production.
“We see the gross revenue just shy of $11,000,000, with more to come, underscores
the strength of and the value potential of Munda.
“We are ahead of schedule and thrilled to be delivering our first cash from Munda
this week – a great close to the year for Auric.
“With Munda continuing to perform well, this also sets the tone for an excellent start
to 2026. We couldn’t be happier with how things are progressing. It’s another big
step for the Company, as well as a pivotal milestone in the overall development of
our Munda Gold Mine,” said Mr. English.
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 5 NOVEMBER 2025
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
Doré bars Lakewood Mill: 21 October 2025.
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce
sales of gold from the inaugural two gold pours from our Munda Gold Mine is now
complete and ahead of schedule at Black Cat Syndicate Ltd (ASX: BC8) (Black Cat)
Lakewood Mill.
Processing of this first 60,000 tonne parcel of ore concluded on 2 November 2025,
with the first 980 ounces of gold sold last Friday at A$6,138 an ounce and a second
810 ounces sold on 2 November at A$6,118 an ounce, for an average of A$6,130 an
ounce. The total gross revenue to date is just below $11,000,000.
The Company expects one further pour from this initial ore parcel, with first cash from
these initial sales expected by week’s end, demonstrating the Company’s ability to
generate near-term value for shareholders.
A second processing campaign is envisaged in the New Year to deal with the
65,000-tonne contract balance. The treatment arrangement with Black Cat
represents a cost-effective pathway to monetise the Munda Starter Pit ore while
positioning Auric for long-term growth.
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 5 NOVEMBER 2025
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
With the Starter Pit campaign complete, Auric will commence detailed planning
and scoping for the Munda Main Pit, with work scheduled to begin in Q1/2026. The
Main Pit represents a major opportunity to expand production and reinforce Auric’s
ambition to build into an integrated, sustainable, mid-sized gold producer.
Forward Looking Statement
This Announcement may contain forward-looking statements which are identified
by words such as ‘may’, ‘could’, ‘should’, ‘believes’, ‘estimates’, ‘targets’,
‘expecting’, or ‘intends’ and other similar words that involve risks and uncertainties.
These statements are based on an assessment of present economic and operating
conditions, and on a number of assumptions regarding future events and actions
that, as at the date of this Announcement, are considered reasonable. Such
forward-looking statements are not a guarantee of future performance and involve
known and unknown risks, uncertainties, assumptions, and other important factors,
many of which are beyond the control of the Company, the Directors, and the
management. The Directors cannot and do not give any assurance that the results,
performance, or achievements expressed or implied by the forward-looking
statements contained in this Announcement will occur and investors are cautioned
not to place undue reliance on these forward-looking statements.
This announcement has been approved for release by the Board of Auric Mining Ltd.
Corporate Enquiries
Mark English
Managing Director
Auric Mining Limited
T +61 409 372 775
E menglish@auricmining.com.au
Investor Relations
Alex Cowie
Director
NWR Communications
T +61 412 952 610
E alexc@nwrcommunications.com.au
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