Announcement PDF 2025 A N N UA L R E P O R T Auric Mining Limited and Controlled Entities ABN 29 635 470 843 OVERVIEW 03 Letter from the Chair 04 Letter from the Managing Director 06 Overview of Mining Activities 09 Mineral Resources and Reserves 20 Mineral Resources and Ore Reserves Governance Statement 22 Competent Persons Statements 23 Schedule of Tenements 25 REVIEW OF ACTIVITIES 08 ADDITIONAL ASX INFORMATION 82 CORPORATE DIRECTORY 86 Contents FINANCIAL REPORT 28 Directors’ Report 29 Remuneration Report (Audited) 39 Auditor’s Independence Declaration 46 Consolidated Statement of Profit or Loss and 47 Other Comprehensive Income Consolidated Statement of Financial Position 48 Consolidated Statement of Changes in Equity 49 Consolidated Statement of Cash Flows 50 Notes to the Consolidated Financial Statements 51 Consolidated entity disclosure statement 74 Directors’ Declaration 75 Independent Auditors’ Report 76 Corporate Governance Statement 81 AURIC MINING | ANNUAL REPORT 2025 2 OVERVIEW REVIEW OF ACTIVITIES FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY OVERVIEW AURIC MINING | ANNUAL REPORT 2025 3 REVIEW OF ACTIVITIES FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY OVERVIEW Letter from the Chair Steven Morris Dear Fellow Shareholders, 2025 was the year Auric Mining came of age as a gold producer in our own right. Having spent several years building the foundations by acquiring the right projects, attracting the right team, and proving our strategy through the highly successful Jeffreys Find joint venture — we entered 2025 with the momentum and conviction to take on mining in our own right. All of this was against the backdrop of a favourable gold price. The results were fantastic and, we are happy to report, saw us face the end of 2025 with as much optimism for 2026. Our flagship asset, the Munda Gold Mine, came to life this year. The Starter Pit was developed, ore was mined, hauled, and processed through the Lakewood Mill, and the first gold pour from our own operations was completed in October 2025. The financial contribution from Munda’s first campaign of A$10.8 million net cash to Auric, against planning estimates that were considerably more conservative, is a pure statement of the quality of the orebody and the operational capability of the team Mark English has assembled. Against this backdrop, the Company delivered its third consecutive year of profitability. Revenue grew 144% to $20.6 million, net profit after tax rose 92% to $5.2 million, and total assets grew 61% to $34.8 million. Free cash flow of $6.5 million — up 129% on the prior year — puts Auric in a position of financial strength as we head into 2026 and the receipt of revenue from the second stage of the Starter Pit. The acquisition of the Burbanks Gold Processing Plant, finalised on 30 September 2025, is another milestone of which the Board is particularly proud. For $4.4 million, a compelling discount to replacement value, we secured a fully permitted, 180,000 tonnes per annum CIL processing facility 10 kilometres south of Coolgardie. Burbanks fundamentally changes our strategic position. Rather than relying on third-party toll millers, Auric is now on a pathway to becoming a vertically integrated gold producer with control over its own processing destiny. We also made meaningful progress on the Lindsay’s Gold Project acquisition, completing settlement on four tenements in November 2025, and assumed management of the Wardens Court proceedings relating to M27/169. The Loded Dog tenement package in the Higginsville area was fully acquired during the year, adding eight prospective tenements to our portfolio. Your Board has continued to strengthen its oversight of risk, operational performance, and capital allocation. We are acutely aware of the responsibilities that come with an accelerating operational profile, and we are committed to the high standards of safety, environmental stewardship, and transparency that our shareholders and the broader community rightly expect. I am pleased to report that there were no lost time injuries, medically treated injuries, or alternate duty injuries recorded across our operations during the year. AURIC MINING | ANNUAL REPORT 2025 4 REVIEW OF ACTIVITIES FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY OVERVIEW I want to acknowledge the fantastic efforts of Mark English, John Utley, Catherine Yeo and the entire Auric team from the mine site at Munda to the offices in Perth. Maintaining strategic and operational discipline across a growing organisation now mining in its own right is critical to long term growth and profitability. As we look to 2026, the second processing campaign for the Munda Starter Pit is already underway, and planning for the much larger Munda Main Pit has commenced. Engineering studies at Burbanks are advancing, and we are actively progressing the Lindsay’s acquisition. The gold price environment remains highly supportive. The Board is confident that the foundations laid in 2025 and indeed from inception position us for a significant step-change in scale and value creation in the years ahead. On behalf of the Board, I would like to thank you for your continued support. Yours sincerely, Steve Morris Non-Executive Chair AURIC MINING | ANNUAL REPORT 2025 5 REVIEW OF ACTIVITIES FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY OVERVIEW Letter from the Managing Director Mark English Dear Shareholders, This year, without question, was the most significant year in Auric’s short history. It was the year we stopped watching the gold industry and joined it — on our own terms, with our own equipment, our own people, and mining in our own right. For the third consecutive year, Auric has delivered an excellent result. Net profit after tax of $5.2 million represents a 92% increase compared to last year , and our revenue of $20.6 million — up 144% — reflects the tangible output of a Company that is now genuinely producing gold. These results are the product of disciplined operational execution and a team that has delivered at every stage. Jeffreys Find – A Fitting Conclusion The Jeffreys Find Gold Mine Joint Venture with BML Ventures Pty Ltd concluded its eighth and final processing campaign in August 2025, marking the end of a remarkable chapter for the Company. Over the life of the project, 29,537 ounces of gold were produced from a two-stage open-pit operation that generated A$112 million in total gold sales at an average realised price of A$3,792 per ounce. Auric’s cumulative cash generated from the joint venture totalled approximately $14.5 million as at 31 December 2025 — a phenomenal return on a modest capital investment of approximately $1.2 million for acquisition and development, prior to mining. The project demonstrated that disciplined acquisition and sound geological judgement can generate outstanding returns for shareholders, even from smallish deposits. Site rehabilitation was completed during the December quarter. Munda – Auric Mining in our own Right The Munda Gold Mine was the centrepiece of 2025. Mining of the Starter Pit commenced in May 2025, and by year-end, approximately 406,000 Bank Cubic Metres of ore had been mined, with the pit floor at approximately 45 metres below surface. Our team — employed directly by Auric and utilising a dry-hire fleet from MHM Contracting — delivered a safe, efficient operation from day one. The first processing campaign at Black Cat Syndicate’s Lakewood Mill in Kalgoorlie commenced on 12 October 2025 and was completed ahead of schedule on 2 November 2025. The results were outstanding: 57,900 dry tonnes milled at a reconciled head grade of 1.61 g/t Au with a mill recovery of 90.67% — better than our pre-feasibility assumptions on both grade and recovery. The 2,718 ounces of gold produced generated A$16.85 million in gross revenue and A$10.82 million in net cash to Auric after all milling, haulage, and royalty costs. At an average realised price of A$6,200 per ounce, the gold price environment was excellent. At the close of the year, approximately 67,000 tonnes of high-grade ore was stockpiled at Munda ready for the second campaign, scheduled to commence at Lakewood in late January 2026. Mining of the Starter Pit concluded in January 2026. Reconciliation of Campaign One results with resource and grade control models will inform the detailed design of the much larger Munda Main Pit, with permitting applications for the main pit targeted for late 2026. AURIC MINING | ANNUAL REPORT 2025 6 REVIEW OF ACTIVITIES FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY OVERVIEW Burbanks – Strategic Infrastructure Secured The acquisition of the Burbanks Gold Processing Plant on 30 September 2025 for $4.4 million was a defining strategic move. The fully permitted and licensed, 180,000 tonne per annum CIL facility — located 10 kilometres south of Coolgardie with grid power, sealed road access, and a water licence — is expected to provide Auric with ultimately an in-house processing solution for ore from Munda, Lindsay’s, and other nearby projects. Metallurgical and engineering consultants commenced desktop evaluation of expansion options during Q4 2025. Owning our own processing infrastructure is central to our strategy of becoming a fully integrated gold producer and will materially improve our control over production schedules and unit costs. Lindsay’s and Loded Dog – Growing the Portfolio On 19 November 2025, we executed the Tenement Sale Agreement for the Lindsay’s Gold Project, completing settlement on initially four tenements for $400,000. The Project — which includes the Parrot Feathers open pit, located 65 kilometres northeast of Kalgoorlie — adds near-term open-pit mining potential to our portfolio. We have assumed management of the Wardens Court proceedings for M27/169 and remain committed to completing the acquisition of the remaining tenements upon successful resolution of the matters in the Wardens Court. We also completed the acquisition of all eight Loded Dog tenements in the Higginsville area during the June 2025 quarter. The package covers 113 km² and includes the brownfields Amorphous and Foote’s Find prospects. Drilling programs across Higginsville, Chalice West, Spargoville, and Widgiemooltha Gold Project are planned for the second quarter of 2026. Financial Strength and Capital Discipline Auric closed 2025 with $6.7 million in cash, no debt, and an unhedged gold position — meaning we retain full exposure to the gold price. Total equity grew 66% to $29.7 million, and total assets reached $34.8 million. During the June quarter, a $6.6 million placement was completed to accelerate gold production and fund the Burbanks acquisition. The Company entered into a $3.0 million loan facility with BML Ventures secured against M15/87, of which $1.25 million was drawn and fully repaid during the December quarter, there is no amount outstanding at year-end. Outlook As I write, Munda’s second campaign has been completed at Lakewood, and we are in active mine planning for the Main Pit. Burbanks engineering studies are progressing as well as recruitment of key personnel. Lindsay’s acquisition is being advanced through the Wardens Court. Exploration programs across the portfolio are scheduled for April 2026. The gold price remains at historically elevated levels. The Auric team has delivered fantastic results to date and is deeply committed to the Company and our Shareholders. We have the assets, the team, and the strategy and focus to build something of lasting significance in Western Australian gold mining. I look forward to reporting further progress throughout 2026. I thank all our Shareholders, old and new, for your continuing support. I look forward to you welcoming you at our Annual General Meeting on 28 May 2026. Yours sincerely, Mark English Managing Director AURIC MINING | ANNUAL REPORT 2025 7 REVIEW OF ACTIVITIES FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY OVERVIEW REVIEW OF ACTIVITIES AURIC MINING | ANNUAL REPORT 2025 8 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Overview of Mining Activities Tenements 73 Covering Area 494 KM2 Projects 6 Auric Mining Limited (ASX: AWJ) entered 2025 as manager of 43 tenements covering 360 km² , with a portfolio comprising four projects: 1. THE WIDGIEMOOLTHA GOLD PROJECT (INCLUDING THE MUNDA GOLD DEPOSIT), 2.THE JEFFREYS FIND GOLD MINE, 3.THE SPARGOVILLE PROJECT, 4.THE CHALICE WEST PROJECT. The year concluded with Auric managing 73 tenements covering 494 km² across six projects — adding the Burbanks Gold Processing Plant and the Lindsay’s Gold Project as formally defined project areas — reflecting an active and highly successful year of corporate and operational development. 2025 was characterised by four major operational and strategic themes: The successful completion of the Jeffreys Find Gold Mine Joint Venture, which concluded its final processing campaign in August 2025 with total life-of-mine production of 29,537 ounces and approximately $14.5 million in cumulative cash receipts to Auric by 31 December 2025; The commencement and first processing campaign of the Munda Gold Mine — Auric’s first owner-operated mine — with the first gold pour achieved in October 2025 and net cash of A$10.82 million received from Campaign One; The acquisition of the Burbanks Gold Processing Plant on 30 September 2025 for $4.4 million, a transformational step toward vertical integration; and Meaningful portfolio expansion through the Loded Dog tenement acquisition in Higginsville and the commencement of the Lindsay’s Gold Project acquisition. AURIC MINING | ANNUAL REPORT 2025 9 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Key Financial Performance – Year Ended 31 December 2025 FY2025 FY2024 FY2023 Total Revenue $20,620,000 $8,450,000 $4,790,000 Net Profit After Tax $5,170,000 $2,690,000 $1,313,000 Current Assets $14,532,000 $10,287,000 $4,636,000 Total Assets $34,773,000 $21,621,000 $13,309,000 Total Equity $29,746,000 $17,937,000 $11,933,000 Free Cash Flow $6,504,000 $2,837,000 $2,492,000 Source: Auric Mining Limited Audited Financial Statements, year ended 31 December 2025. For the third consecutive year, Auric delivered a profitable result. Revenue of $20.6 million (up 144% on FY2024) and net profit after tax of $5.2 million (up 92%) reflect the Company's growing production profile. Total assets grew 61% to $34.8 million and free cash flow increased 129% to $6.5 million. The Company held $6.7 million in cash at year-end with no debt and an unhedged gold book. Safety performance was exemplary throughout the year. There were no lost time injuries, no medically treated injuries, and no alternate duty injuries recorded across any of Auric's operations during 2025. Overview of Mining Activities (continued) 10 AURIC MINING | ANNUAL REPORT 2025 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Figure 1. Auric’s projects in the Widgiemooltha-Norseman area. Overview of Mining Activities (continued) AURIC MINING | ANNUAL REPORT 2025 11 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Widgiemooltha Gold Project Munda Gold Mine Background and Project Overview The Munda Gold Mine is located approximately 5 kilometres from the township of Widgiemooltha in the Eastern Goldfields of Western Australia, within Mining Lease M15/87. The deposit is included within the Widgiemooltha Gold Project, which encompasses 37 tenements including five granted Mining Leases within the Norseman – Wiluna greenstone belt — one of Western Australia's most productive gold corridors. The Munda gold deposit has been the subject of extensive exploration and resource definition work over many decades, including drilling by Western Mining Corporation, Resolute Mining (which excavated a small trial pit in 1999), and latterly Auric. Auric drilled 55 deeper RC holes in 2021-22 and completed close-spaced 10m x 10m resource drilling comprising 361 holes for 11,301m in early 2024. An updated Mineral Resource was declared in December 2024 (see Section 2.7), and a Pre-Feasibility Study, completed in December 2024, defined a Probable Ore Reserve of 125,000t at 1.8 g/t for 6,100 contained ounces as the basis for the Starter Pit. Mining Approvals and Site Preparation During the March 2025 quarter, the Mining Proposal and Mine Closure Plan for the Munda Starter Pit were approved by the Western Australian Government's Department of Energy, Mines, Industry Regulation and Safety (DEMIRS). The Mining Operation Notification was acknowledged by the Mines Inspectorate. A Native Vegetation Clearing Permit was also received. Site preparation activities commenced in April 2025, including construction of a haul road, clearing for ROM pads and waste rock landform footprint, establishment of a site office and laydown area, and mobilisation of a mining fleet dry-hired from MHM Contracting Pty Ltd, the latter including a 125-tonne excavator and four 40-tonne articulated Moxi dump trucks. Figure 2. Munda Starter Pit. AURIC MINING | ANNUAL REPORT 2025 12 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Mining Operations – Starter Pit Mining of the Munda Starter Pit commenced in May 2025 with Auric personnel supervising mining and grade control and operating the mining equipment — a landmark transition for the Company from JV partner to mine operator in its own right. Drill and Blast services together with grade control drilling were provided by Kalgoorlie- based Total Drilling Services. By the end of the December 2025 quarter, approximately 406,000 Bank Cubic Metres (BCM) of ore and waste had been mined, with the pit floor at approximately 45 metres below ground surface. The first processing campaign had been completed and ore stockpiles were building steadily in preparation for the second processing campaign. Mining operations continued beyond the December quarter with further grade control and pit design refinements allowing Auric to capture additional ore at the base of the pit. Mining of the Starter Pit was expected to conclude in late January 2026. At the close of 2025, approximately 71,000 tonnes of high-grade ore was stockpiled on the ROM pad at Munda, ready for processing in Campaign Two at the Lakewood Mill. Toll Milling – Campaign One A Toll Milling and Ore Purchase Agreement was executed with Black Cat Syndicate Ltd (ASX: BC8) in July 2025, providing for up to 125,000 tonnes of Munda Starter Pit ore to be processed at Black Cat’s Lakewood Mill in Kalgoorlie. A Haulage Agreement was also executed with TLL Haulage Solutions Pty Ltd for transport of ore to the mill. Processing of the first parcel of approximately 57,900 tonnes commenced on 12 October 2025 and was completed ahead of schedule on 2 November 2025. The first gold pour was achieved on 21 October 2025. Campaign One final reconciliation was completed on 18 November 2025. Figure 3. Munda gold pours at Lakewood Mill. Widgiemooltha Gold Project – Munda Gold Mine (continued) 13 AURIC MINING | ANNUAL REPORT 2025 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Campaign One – Final Production and Financial Results Munda Campaign One – Final Production Metrics Dry Tonnes Milled 57,900 t Reconciled Head Grade 1.61 g/t Au Mill Recovery 90.67% Gold Recovered 2,718 oz Average Sale Price A$6,200/oz Total Gold Sales A$16,851,773 Less External Direct Costs (milling, haulage, royalties) (A$6,032,878) Net Cash to Auric A$10,818,895 Grades were expected to increase with depth in the Starter Pit and the reserve grade estimate of 1.8g/t represented the full Starter Pit. A reconciled head grade of 1.61g/t Au was therefore reasonable in that context. Processing recovery of 90.67% (versus PFS assumption of 88% for oxide and transitional ore) was better than pre‑mining testwork had suggested. The 2,718 ounces produced from 57,900 dry metric tonnes milled was sold at an average realised price of A$6,200 per ounce — substantially above the PFS assumption of A$3,500/oz. Campaign Two – Scheduled January 2026 An agreement for the second and final processing campaign for the Munda Starter Pit, comprising approximately 65,000 tonnes, was secured at Lakewood Mill with processing scheduled to commence in late January 2026. The Company expected Campaign Two to build on the momentum established in Campaign One, with receipts anticipated in early Q1 2026. Widgiemooltha Gold Project – Munda Gold Mine (continued) Figure 4. Munda gold doré bar. AURIC MINING | ANNUAL REPORT 2025 14 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Mine Infrastructure and WIN Metals Transaction During the June 2025 quarter, Auric purchased the mining camp, permitted in-pit water supply at the former 132North nickel mine site, and all nickel rights at Munda from WIN Metals Limited for total consideration of $1.4 million (ex-GST), payable in two tranches. The first tranche of $900,000 was paid on 30 June 2025 and the second on 9 September 2025. This transaction gave Auric full operational control and ownership of all mineral rights at Munda except lithium, which remains with WIN. The 20-man mining camp, located approximately 6 kilometres north of the Munda pit, provided essential accommodation infrastructure for the mining team throughout operations. On 30 April 2025, Estrella Resources Limited commenced legal action against a range of companies, including Auric Mining Limited, for issues related to a lithium royalty associated with Munda and other tenements. Auric is strongly defending the matter. Munda Main Pit – Development Planning The Starter Pit delivered critical operational, geological, and metallurgical data that will directly inform planning for the larger Munda Main Pit. Reconciliation of grade control models with resource estimates, together with geotechnical and metallurgical learnings from Campaign One, will form the basis of an updated resource estimate and ultimately, pit optimisations and detailed mine design. Auric planned to commence this reconciliation and planning process in Q1 2026, with the objective of applying for a Main Pit mining permit later in the year. The Main Pit represents a significant opportunity to substantially increase gold output beyond Starter Pit levels and is expected to form the core of Auric’s production profile for several years. Widgiemooltha Gold Project – Munda Gold Mine (continued) Figure 5. Munda camp site. 15 AURIC MINING | ANNUAL REPORT 2025 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Burbanks Gold Processing Plant The Burbanks Gold Processing Plant is located approximately 8 kilometres south of Coolgardie, Western Australia. The facility is a fully permitted, 180,000 tonne per annum Carbon-in-Leach (CIL) gold processing plant with established infrastructure including grid power, sealed road access, a water licence, fully permitted site and Tailings Storage Facility. The plant was operational until approximately June 2019, when the previous operator ceased activities. Auric completed due diligence on the Burbanks facility during the March 2025 quarter and agreed to acquire it for $4.4 million. Following resolution of various outstanding issues by the vendor (mortgagee in possession), settlement was completed on 30 September 2025. The Burbanks asset is held within 14 tenements including 3 granted Mining Leases and 5 General Purpose Leases. The tenements are registered to BBL Milling, a wholly owned subsidiary of Auric Mining Limited. Metallurgical and engineering consultants undertook an inspection of the plant during the December 2025 quarter and commenced a desktop-level assessment of several processing and development options. The assessment will evaluate refurbishment requirements and operating costs for a 180,000 tonne per annum plant versus potential expansion of throughput capacity to between 500,000 and 1 million tonnes per annum The acquisition secures a long-term processing solution for ore from both the Munda and Lindsay’s projects and underpins Auric’s strategy of becoming a vertically integrated gold explorer, miner, and processor. The acquisition price of $4.4 million represented a substantial discount to current replacement value, and the Board regards the Burbanks asset as one of the most strategically significant additions to Auric’s portfolio since its founding. Figure 6. Burbanks Plant. AURIC MINING | ANNUAL REPORT 2025 16 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Jeffreys Find Gold Mine The Jeffreys Find Gold Mine is located approximately 50 kilometres northeast of Norseman, Western Australia, and comprises two tenements including one granted Mining Lease (M63/242) together with a third tenement (E63/2535) applied for in the December quarter. The deposit was mined via a joint venture with BML Ventures Pty Ltd of Kalgoorlie (BML), under which BML served as the miner, operator, and manager of the project, incurring and paying all mining, haulage, milling, and related costs. Auric and BML shared surplus cash proceeds on a 50:50 basis following deduction of all direct costs. Stage 1 mining and processing was completed in 2023, yielding 9,741 ounces of gold sold at an average price of $3,006 per ounce and generating $4.76 million in cash to Auric. Stage 2 mining commenced in March 2024 and concluded on 28 January 2025, with ore processed across eight campaigns at the Greenfields Mill and Three Mile Hill Plant near Coolgardie. The eighth and final processing campaign was completed in August 2025 at Three Mile Hill. Jeffreys Find Gold Mine Stage One 2023 Stage Two 2024–2025 Total Project to Dec 2025 Gold Recovered – Ounces 9,741 19,796 29,537 Average Sale Price per Ounce (AUD) $3,006 $4,134 $3,792 Cash to Auric $4.76M $9.1M $14.5M As of 31 December 2025. Total figures are interim; subject to final reconciliation with BML Ventures in Q1 2026. Total gold recovered over the life of the two-stage project was 29,537 ounces, generating A$112 million in gross gold sales at an average realised price of A$3,792 per ounce. Auric’s cumulative cash receipts from the joint venture totalled approximately $14.5 million at 31 December 2025, representing a highly successful return on an initial investment of approximately $1.5 million. Site rehabilitation at Jeffreys Find was undertaken by BML during the December 2025 quarter in accordance with the project’s Mining Proposal and Mine Closure Plan. This included waste dump profiling, topsoil sheeting, removal of all mining infrastructure, and ripping of cleared areas to enhance vegetation regrowth. Final project reconciliation between Auric and BML was expected to be completed in Q1 2026. The project conclusively demonstrated the merit of Auric’s joint venture model — a low-capital, zero-upfront-cost structure that allowed Auric shareholders to benefit from the economics of a successful open pit gold mine. Figure 7. Jeffreys Find Gold Mine. 17 AURIC MINING | ANNUAL REPORT 2025 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Lindsay’s Gold Project The Lindsay’s Gold Project is located approximately 65 kilometres northeast of Kalgoorlie, Western Australia. The Project includes three pits, the largest of which is the Parrot Feathers open pit, from which 6,153 ounces of gold was produced in 2013 before operations ceased following a sharp fall in the gold price. The area has a long mining history with first gold production recorded in 1897. Auric executed a Binding Letter Agreement to acquire the Lindsay’s Project from Top Global Mining Pty Ltd and NBC Mining Pty Ltd in February 2025. The total agreed purchase price is $4 million, comprising $2 million in cash and $2 million in Auric shares, together with a royalty of 3.5% of Net Smelter Return from gold produced. Due diligence was completed during the June 2025 quarter, with Auric confirming satisfaction with results. Settlement was staged due to Wardens Court proceedings affecting certain tenements: ● Four tenements not subject to Wardens Court proceedings were settled on 19 November 2025 for $400,000, following execution of the Tenement Sale Agreement. ● Auric assumed sole management and responsibility for Wardens Court proceedings relating to M27/169, with a further cash payment of A$1.3 million and issuance of A$2.0 million in Auric shares payable upon successful resolution, together with a royalty of 3.5% of Net Smelter Return from gold produced. ● The vendors retain management of proceedings relating to M27/34 and M27/486, with contingent payments of $50,000 and $250,000 respectively upon successful resolution. At 31 December 2025, the Lindsay’s project comprised five tenements (L27/82, L27/84, E27/624, E27/246 [pending], and P27/2406), with Auric retaining the right to purchase three further tenements (M27/169, M27/34, M27/486) subject to resolution of the relevant Wardens Court matters. The near-term potential for open-pit mining and toll treatment at Lindsay’s is a key strategic rationale. Once fully acquired and permitted, the project would provide a second source of ore for toll milling and, ultimately, for processing through the Burbanks plant. New tenement applications in the area surrounding Lindsay’s were lodged during the year to extend Auric’s footprint. Figure 8. The Parrot Feathers Gold Deposit Northeast of Kalgoorlie. AURIC MINING | ANNUAL REPORT 2025 18 OVERVIEW FINANCIAL REPORT ADDITIONAL ASX INFORMATION CORPORATE DIRECTORY REVIEW OF ACTIVITIES Spargoville Project The Spargoville Project is located approximately 30 kilometres north of Widgiemooltha, within the same stratigraphy as the W