Lakewood Toll Milling to Commence Late October
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
22 SEPTEMBER 2025
Toll Milling Campaign at Lakewood
Mill to Commence Late October
First Cash Expected November
Highlights
•
40,000 tonnes of high-grade ore currently stockpiled on the Munda ROM as at 19
September 2025.
•
Haulage contract executed with TLL Haulage Solutions Pty Ltd.
•
60,000 tonne toll parcel confirmed at Black Cat’s Lakewood Mill, with milling
expected to commence around 24 October 2025.
•
JT Metallurgical Services Pty Ltd engaged to oversee the campaign on Auric’s
behalf.
•
Cash proceeds anticipated late November 2025.
•
Agreement executed with Black Cat on 4 July 2025, providing for up to 125,000
tonnes to be processed.
Management Comment
Managing Director, Mark English, said:
“Auric is delighted to confirm this toll milling campaign at Black Cat’s Lakewood Mill.
With ore already stockpiled, haulage commencing in October, and milling
scheduled for late October, we are on track to deliver our first gold revenue from
the Munda starter pit in November.
“The toll milling agreement covers up to 125,000 tonnes. This represents a pivotal
milestone for Auric as we begin to develop Munda. This agreement will be highly
beneficial for both Auric and Black Cat. Importantly, it sets the stage for our future
plans to develop the larger Munda Main Pit commencing in 2026,” said Mr English.
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 SECURITIES EXCHANGE
22 SEPTEMBER 2025
Auric and Black Cat representatives: Lakewood Mill, August 2025.
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce
substantial progress at the Munda Gold Mine with the first toll milling campaign
formally scheduled at Black Cat Syndicate Ltd’s (ASX: BC8) Lakewood Mill.
Mining of the Munda Starter Pit commenced earlier in 2025 and is expected to be
completed in October/November 2025.
The first 60,000 tonne parcel will be processed commencing on or about 24 October
2025, with one or two further toll milling campaigns expected between January and
March 2026.
The toll milling arrangement represents a cost-effective pathway to monetise the
Munda Starter Pit ore while positioning Auric for long-term growth. The Company
expects to receive first cash flows in late November 2025, demonstrating its ability to
generate near-term value for shareholders.
Once the Starter Pit campaign is completed, Auric will commence detailed
planning and scoping for the Munda Main Pit, with work scheduled to begin in
Q2/2026. The Main Pit represents a major opportunity to expand production and
reinforce Auric’s ambition to build into a sustainable mid-tier gold producer.
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 SECURITIES EXCHANGE
22 SEPTEMBER 2025
Munda Gold Mine, September 2025.
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 actually 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
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Mark English
Managing Director
Auric Mining Limited
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Director
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T +61 409 372 775
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E menglish@auricmining.com.au 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
info@auricmining.com.au
08 9548 9997
auricmining.com.au
ASX: AWJ
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