Retraction & Replacement Announcement Investor Presentation
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 13 APRIL 2026
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
Retraction & Replacement Announcement:
Singapore Roadshow Presentation
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) advises that the Company
released an announcement on 13 April 2026 titled “Singapore Roadshow
Presentation” (the Announcement) which included a reference to a production
target of 25,000 – 30,000 ounces and scoping study target of 500,000 tpa.
The Company had formed the view this statement was aspirational in nature;
however, this disclosure may be interpreted as a production target (as defined in
the ASX Listing Rules), and therefore the Company advises that:
a) the Company retracts the production target in the Announcement;
b) the production target has not been disclosed in compliance with the ASX
Listing Rule 5.16 and is conceptual in nature. The technical and feasibility and
the economic viability of the production target is currently unknown; and
c) investors should not rely on this information to make any investment decisions
in the Company.
An updated version of the Announcement is attached incorporating the removal
of the production target.
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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Australia’s Next
Integrated Mining
House
13 April 2026
1
Company Strategy
• Focus on Kalgoorlie Region.
• Acquire projects with near-term production
capability to fund growth objectives.
• Build processing facility to accelerate growth.
• Expand gold resources via exploration or
acquisition.
• Control our destiny from exploration to production.
• Targeting first production from 2028.
* Subject to settlement
* Subject to settlement
Right Commodity
• Burbanks Gold Facility
• Widgiemooltha Gold Project
Munda Gold Mine
Widgiemooltha Project
Loded Dog Tenements
• Lindsay’s Project*
• Spargoville Project
• Chalice West Project
• Jeffreys Find Gold Mine
2
Kalgoorlie Focus
3
• Kalgoorlie world class mining address.
• Excellent infrastructure and support
services for gold mining.
• Outstanding location for mining investment.
• Nine Granted Mining Leases.
• 521 square kilometres.
• 73 Tenements.
Auric is a gold producer in the
heart of WA’s Goldfields.
Company Milestones
Aug 2019 Incorporated
Sep 2020
Acquisition of Jeffreys Find from Mincor Resources
Acquisition of Munda from Estrella Resources
Feb 2021 Listed on the ASX
May 2023 Commenced mining at Jeffreys Find
May 2025 Mining commences at Munda Gold Mine
July 2025 Sign toll milling agreement for Munda with Black Cat Syndicate
Sep 2025 Completion of acquisition of Burbanks Mill
Oct 2025 Commence toll treatment at Lakewood Mill
Nov 2025 Tenement Sale Agreement for Lindsay’s Gold Project signed
Jan 2026 Toll processing recommences at Lakewood Mill
Feb 2026 Starter Pit Mining completed at Munda
Mar 2026 Final cash distribution from Jeffreys Find Gold Mine
Mar 2026 Sale of all gold from Munda Gold Mine, Realises $64M
4
Company Snapshot
13 April 2026
5
36%
12%
52%
Shareholders
on grouped
basis
Top 20 - excluding Directors
Top 20 - Directors
Other Shareholders
48%
Top 20 Shareholders
Directors 12%
187.0million
Shares on issue
10.5million
Unlisted Options on issue
$67.0million
Market Cap
$49.0million
Cash & Real Estate
$3.0million
Undrawn Debt Facility
$0.0million
Hedging
1,606
Number of Shareholders
6
Board of Directors
A Board with a track record of successful gold discovery, development and
production.
Steven Morris
Non-Executive Chairman
Steven has over 25 years’ experience in financial
markets. He was Head of Private Clients
(Australia) for Patersons Securities, Managing
Director of Intersuisse Ltd, Founder and Managing
Director of Peloton Shareholder Services and held
senior executive roles in the Little Group.
Steven spent nine years on the board of the
Melbourne Football Club. Steven was a Non-
Executive Director of De Grey Mining Ltd (“DEG”)
from 2014 to 2019 and Chairman of ASX-listed
Purifloh Ltd (“PO3”) from 2013 to 2019.
Currently, Steven serves as a Non-Executive
Director at EverGold Lithium (ASX:EG1).
Mark English
Managing Director
Mark has a Bachelor of Business degree, is a
Chartered Accountant, member of the Australian
Institute of Company Directors, fellow of the
Australian Institute of Chartered Accountants, and
with a 45-year career in the resources sector and
corporate services.
As Managing Director he spearheaded Auric’s
march to an ASX listing. On a day-to-day basis,
Mark has particular responsibility for Company
strategy, financial management, corporate
development and acquisition opportunities.
As co-founder and Managing Director of Auric,
Mark has been actively involved in all business
activities since inception.
John Utley
Technical Director
Co-founder John holds a Masters
degree in earth sciences from the
University of Waikato in New Zealand,
with a 40 year career in mining and
exploration focussed on the gold sector. He is a
member of the Australian Institute of Geoscientists
(AIG) and the Australian Institute of Mining and
Metallurgy (AusIMM).
John has worked in Australia, South America,
Papua New Guinea and in Canada where he was
Chief Geologist for Atlantic Gold Corporation
during exploration and development of the
Touquoy Gold Mine and other gold deposits in
Nova Scotia prior to its acquisition by St Barbara.
John previously worked with Plutonic Resources
Ltd, where he was head of the exploration at
Darlot Gold Mine, during the discovery and
development of the 2.3 million ounce Centenary
gold deposit.
7
Burbanks
Gold Facility
• Acquired Burbanks Gold Processing Facility at
Coolgardie for $4.4 million.
• Main infrastructure benefits include three-phase
power, water licence, bitumen road, granted mining
leases, permits and location close to Coolgardie.
• Accelerated development timeline and reduced
capital outlay by leveraging existing infrastructure.
• Technical studies have commenced. Scoping study
underway to determine optimal processing plant
size, with results expected by 31 May 2026.
• Scott Bailey – Processing Manager appointed.
Commencing 20 April 2026.
8
Munda Gold Mine
• The Munda Gold Mine is presently Auric’s major asset.
It has a Mineral Resource estimate of 145,000 ounces
of gold.¹
• Further studies – environmental, hydrological and
geotech for larger pit footprint, grade control drilling for
near surface mineralisation.
• Expand resource drilling.
• Mine reconciliation and planning underway for main pit.
• Update resource model.
¹ Appendix 2
11
Numerous high-grade intersections highlight
the enormous potential at the Munda Gold Deposit
Munda Gold Mine December 2025.
Hole ID From (m) To (m)
Length
(m)
Au (g/t)
Grade x
Length
EMD002 102 148 46.00 8.40 386.2
MIRC004 51 52 1.00 321.00 321.0
MND1406 53 70 17.00 17.65 300.1
MGCR0401 8 24 16.00 12.54 200.6
MGCR0057 18 27 9.00 21.37 192.3
AMRC012 60 73 13.00 14.62 190.1
MND1405 72 83 11.00 16.51 181.6
MND1417 111 130 19.00 9.29 176.6
MND1508 96 114 18.00 9.09 163.6
MND1407 70 76 6.00 26.98 161.9
MIRC009 46 51 5.00 31.23 156.2
MIRC014 40 48 8.00 16.07 128.5
MND1636 94 100 6.00 20.44 122.6
MND1628 5 17 12.00 9.65 115.8
MND1669 47 61 14.00 7.18 100.5
(Intersections greater than 100 gram x metres per tonne)
10
11
Final Production Metrics Budget
Campaign
One
Campaign
Two
Total
Dry Tonnes Milled 125,000 57,00 68,154 126,054
Reconciled Head Grade
g/t
1.8 1.61 3.18 2.46
Mill Recovery 83% 90.67% 88.67% 89.50%
Gold Recovered (oz) 6,100 2,718 6,168 8,886
Munda Starter Pit
12
Munda Gold Mine
Stage 2 Development
Planned Activities
Q2
2026
• Starter Pit reconciliation with resource model.
• Refine Munda resource models.
Q2/Q3
2026
• Pit optimisations at a range of gold prices.
• Expand vegetation survey.
• Geotechnical drilling.
• Hydrological investigation.
Q3/Q4
2026
• Mine Development & Closure Plan (MDCP)
permit application submitted.
Q1
2027
• Engage mining team and relevant contractors.
Q2/Q3
2027
• Mining full pit for delivery to Burbanks.
Lindsay’s Project
• Tenement Sale Agreement executed. Tenure matters to
resolve.
• Located 60km northeast of Kalgoorlie, WA.
• Project comprises 7 tenements and includes partially mined
Parrot Feathers gold deposit.
• Potential for near-term open pit gold mining.
• Total purchase price $4 million. Cash component $2 million
plus $2 million in shares (subject to voluntary escrow) plus
royalties.
• Planning of mining activities commenced. Target Q2/Q3
2027.
• Lindsay’s will be a major growth asset.
Spargoville Project
• Fugitive Prospect & Anomaly 37 have emerged as highly
prospective targets for further drilling.
• The assets sit north of and close to the Wattle Dam Gold Mine – a
high grade mine which produced 267,000 ounces of gold at an
average of 10.6g/t between 2006 and 2012 for Ramelius
Resources.¹
• The Spargoville tenements also sit just south of Spargos Reward,
owned by Westgold Resources, which produced 37,439 ounces of
gold at 3.1g/t Au between 2021 and 2022.²
• The anomalous core to the Fugitive Prospect extends over 700m
length.
Hole ID Fugitive - Best results (Auric drill holes)
ASRC021 2m @ 10.69g/t Au from 81m
ASRC016 1m @ 12.1g/t Au from 132m
ASRC014 9m @ 0.99g/t Au from 73m
ASRC023 7m @ 4.88g/t Au from 45m, including 3m @ 10.36g/t from 48m
ASRC012 13m @ 1.35g/t Au from 58m
¹ Astral Resources Website 2025, https://maximusresources.com/wattle-dam
² Westgold Resources Limited 2024: NI 43-101 Technical result, Higginsville Gold Deposit, Eastern Goldfields, WA.
• Significant exploration potential. AC & RC drilling programs planned
for Q2/2026.
Loded Dog Tenements
• Auric has added to its holdings around Higginsville with the
purchase of eight tenements for $475,000 plus milestone
payments and royalties.
• Numerous gold deposits, periodically mined in the area, close
to the 1 million+ ounce Trident deposit.¹
Significant assays at a 0.5g/t cut-off from Amorphous include:
Hole ID Hole Type Results
AMC0007 RC 2m @ 10.27g/t Au from 28m
AMR0013 RAB 2m @ 8.63g/t Au from 22m
AMR0015 RAB 5m @ 5.16g/t Au from 18m
Significant assays at a 0.5g/t cut-off from Foote’s Find include:
Hole ID Hole Type Results
FFP0010 RC 3m @ 4.65g/t Au from 30m
FFRC001 RC 3m @ 4.99g/t Au from 41m
FFRC002 RC 4m @ 3.06g/t Au from 31m
¹ Westgold Resources Limited 2024: NI 43-101 Technical result, Higginsville Gold Deposit, Eastern Goldfields, WA.
• Significant exploration potential. AC & RC drilling programs
planned for Q2/2026.
13
Chalice West
• Chalice West tenements adjacent to Chalice Gold
Mine. In 7 years from 1995, Chalice Gold Mine
produced 672,000 ounces at an average grade of
5.2g/t.
• Gold and Rare Earths elements remain exploration
focus on 371 square kilometers of tenements.
• Previous drilling 235 holes targeting an analogue/s
to the Chalice Gold Mine.
• Drilling revealed previously unrecognized
greenstones with geology mirroring Chalice Gold
Mine.
• Significant exploration potential. AC & RC drilling
programs planned for Q2/2026.
17
Jeffreys Find
Gold Mine
• Short-life mine generating more than $112
million in gold sales.
• Auric total cash cost on acquisition,
development and all associated costs
approximately $1.2 million.
• Joint mining agreement with BML Ventures Pty
Ltd on 50:50 basis.
• Cash distributions to Auric $16.5 million.
• Auric back in management control of the mine.
Gold Sold 29,537 ounces
Gold Sales A$112 million
Total Costs A$79 million
Net Surplus A$33 million
Cash to Auric 50% A$16.5 million
Average Sale Price/Ounce A$3,792
Financial Data
Other Assets
• Fully equipped 20-man Mining Camp
purchased September 2025.
• Camp ideally located six kilometers from
Munda Gold Mine. Purchase includes other
infrastructure and water rights.
• Corporate office and warehouse purchased
July 2024.
• Value of camp and office exceeds
$3,000,000.
18
19
Key Financial Information
Auric Mining Limited
Financial Year
2023¹
Financial Year
2024²
Financial Year
2025³
Total Revenue $4,790,000 $8,450,000 $20,620,000
Net Profit After Tax $1,313,000 $2,690,000 $5,170,000
Total Assets $13,309,000 $21,621,000 $34,773,000
Total Equity $11,933,000 $17,937,000 $29,746,000 ¹ Financial Statements: ASX 23 March 2024
² Financial Statements: ASX 31 March 2025
³ Financial Statements: ASX 30 March 2026
20
Strategic Priorities
Priorities 2026–2028
• Advance Burbanks and technical appointments. Final
decision 31 May 2026.
• Expand board and management capabilities.
• Finalise Lindsay’s acquisition; complete resource
estimate, mine planning & permitting.
• Commence construction of Burbanks Facility.
• Commence mining at Munda and Lindsay’s Q3/Q4 2027.
• Burbanks Plant operational to process ore from Q4 2027.
• Grow Munda + Lindsay’s resources to 300,000 oz.
• Achieve 500,000 oz total resource base by December
2028 via exploration or strategic acquisitions.
21
Investment Proposition
Strong Foundations: Proven Team, Exceptional Performance, Right Strategy, Robust Growth
Cash & Agility: Well-funded and able to act quickly on opportunities
Growth Options: Expansion through acquisitions and exploration
Resource Growth: Extending mine life and ounces through drilling & new acquisitions
Munda Upside: Transitioning to main pit with near-term full production
Burbanks Strategy: Optimising mill capacity. Our mantra: Own the infrastructure, own the cash flow
Leadership in Place: Key executives appointed to lead mill build and to deliver fully integrated operation
Strengthened Board: Positioning Auric for next phase of growth and higher valuation
Integrated Vision: Aligning mining and production, elevating Auric to next level as an integrated mining house
22
Appendix 1: Compliance Statement & ASX Announcements
The information in this presentation relating to exploration results, production
targets and mining production is extracted from the following announcements all of
which are available to view on the Auric website www.auricmining.com.au. The
company confirms that it is not aware of any new information or data that
materially affects the information included in the original market announcements.
The company confirms that the form and context in which the Competent Person’s
findings are presented have not been materially modified from the original market
announcements.
Information on the Resource Estimates for current resources is extracted from the
2024 Annual Report to shareholders announced to the ASX on 30 April 2025 and
is available to view on the Company’s website; www.auricmining.com.au. The
Company confirms that it is not aware of any new information or data that
materially affects the information included in the original market announcement
and that all material assumptions and technical parameters underpinning the
estimates in the relevant market announcement continue to apply and have not
materially changed. The Company confirms that the form and context in which the
Competent Person’s findings are presented have not been materially modified
from the original market announcement.
Information on the Ore Reserve for the Munda Starter Pit is extracted from the
report Munda Gold Deposit Starter Pit Ore Reserve announced to the ASX on 10
December 2024 and is available to view on the Company’s website;
www.auricmining.com.au. The Company confirms that it is not aware of any new
information or data that materially affects the information included in the original
market announcement and that all material assumptions and technical parameters
underpinning the production target and the forecast financial information in the
relevant market announcement continue to apply and have not materially
changed. The Company confirms that the form and context in which the
Competent Person’s findings are presented have not been materially modified
from the original market announcement.
Date of Announcement Announcement Heading
18 November 2020 Independent Geologists Report in Auric Mining Limited Prospectus
28 June 2023 Positive Scoping Study for Munda Gold Project
12 December 2024 Munda Gold Deposit Starter Pit Ore Reserve
24 February 2025 Jeffreys Find Gold Mine Gold Sales Exceed $100 Million
25 February 2025 Auric To Acquire Loded Dog Tenements Proximal To Higginsville Gold Deposits
13 March 2025 Due Diligence Completed Auric To Acquire Burbanks Facility
8 April 2025 Loded Dog Tenements Stage One Settlement Completed
30 April 2025 2024 Annual Report to Shareholders
13 May 2025 Mining Commences at Munda Gold Mine
7 July 2025 Munda Toll Milling and Ore Purchase Agreement Executed
9 July 2025 Final Milling 60,000 Tonnes of Jeffreys Find Ore Commenced
9 September 2025 Completion of Purchase of Munda Related Assets
1 October 2025 Auric Successfully Completes Acquisition of Burbanks Plant
14 October 2025 Toll Milling of First Munda Ore Parcel Commenced
28 October 2025 Lindsays Gold Project Acquisition Update
5 November 2025 First Munda Gold Mine Sales at average A$6,130 an ounce
1 December 2025 Munda Gold Mine Campaign One Results
28 January 2026 Quarterly Activities Report
19 March 2026 Final Munda Starter Pit Outperforms For Golden Results
24 March 2026 Strong Bullion Sales Make For Shining Munda Finale
30 March 2026 31 December 2025 – Excellent Financial Results
23
Appendix 2: Current Resources¹
Note: Numerical differences may occur due to rounding
¹ (ASX:AWJ): 30 April 2025: 2024 Annual Report to Shareholders.
² Munda Starter Pit is now being mined.
³ All Jeffreys Find stockpiles have now been processed.
Current Mineral Resource Estimates
Deposit Cut off Category Tonnes Au Au
Au g/t (Thousand) g/t koz
Munda² 0.5 g/t
Indicated 3,350 1.22 131
Inferred 300 1.4 14
Total 3,650 1.23 145
Jeffreys Find Resources 0.6 g/t Measured 18 1.22 1.5
Jeffreys Find Stockpiles³ 0.6 g/t Measured 47 1.4 2.6
Total 65 1.96 4.1
Combined
0.6 g/t Measured 65 1.96 4.1
0.5 g/t Indicated 3,350 1.22 131
0.5 g/t Inferred 300 1.4 14
Total 3,715 1.25 149.1
24
Appendix 3: Forward Looking Statements
This presentation does not include all available Information on Auric Mining Limited and
should not be used in isolation as a guide to investing in the Company. Any potential
investor should also refer to Auric Mining Limited’s Annual Reports and take
independent professional advice before considering investing in the Company. For
further information about Auric Mining Limited, visit our website
www.auricmining.com.au
Forward-Looking Statements
This Presentation contains forward-looking statements which are identified by words
such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expect’, 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
Presentation, 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 Presentation will actually occur and
investors are cautioned not to place undue reliance on these forward-looking
statements.
Disclaimer
Whilst care has been exercised in preparing and presenting this presentation, to the
maximum extent permitted by law, the Company and its representatives:
• Make no representation, warranty or undertaking, express or implied, as to the
adequacy, accuracy, completeness or reasonableness of this Presentation;
• Accept no responsibility or liability as to the adequacy, accuracy, completeness or
reasonableness of this Presentation; and Accept no responsibility for any errors or
omissions from this Presentation.
Mineral Resources Reporting Requirements
As an Australian Company with securities listed on the Australian Securities Exchange
(ASX), Auric is subject to Australian disclosure requirements and standards, including
the requirements of the Corporations Act 2001 and the ASX. Investors should note that
it is a requirement of the ASX listing rules that the reporting of mineral resources in
Australia is in accordance with the JORC Code and that Auric’s mineral resource
estimates are reported in compliance with the JORC Code, 2012 edition. The terms
used in this announcement are as defined in the JORC Code.
26
Thank You
We’re an exciting story - all
happening in the shadow of The
Golden Eagle, the legendary
1,135 ounce nugget discovered
just a few kilometres from our
Munda Gold Deposit.
Feel free to engage with us
directly. We welcome your
enquiries.
At today’s value The Golden Eagle would sell for more than $4 million based on the gold alone. As a nugget it is maybe worth double that.
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