Investor Presentation
Released
Released
Announcement PDF
auricmining.com.au
Our Quest to find and
mine One Million
Ounces of Gold
October 2025
2
Company Strategy
• Focus on Kalgoorlie Region: Tier One jurisdiction
as producer and explorer.
• Acquire projects with near term production
capability to fund growth objectives.
• Build strategic processing capacity to facilitate
growth.
• Expand gold resources via exploration or
acquisition.
• Control our destiny from exploration to production.
3
Short Term Objectives
2025-2026
• Starter Pit mining completed at Munda in Q4/2025.
• Gold sales target 6,100 ounces from Munda Starter Pit in
Q4/2025 to Q1/2026.
• Burbanks Gold Facility acquired September 2025. Planning
re mill refurbishment or upgrade: Q4/2025 to Q2/2026.
• Complete Lindsay’s acquisition, publish resource estimates,
mine planning and permitting: Q4/2025 to Q2/2026.
• Focused exploration drilling campaigns: Q1/2026 to
Q4/2026.
• Development drilling and Mine Planning at Munda and
Lindsay’s.
4
Medium Term Objectives
2026-2028
• Mine the Munda gold resource.
• Expand resources and mine the Lindsay’s gold resource.
• Refurbish Burbanks with aim of processing Auric ore from
2027 onwards.
• Grow resources at Munda and Lindsay’s to 300,000+ ounces.
• Exploration at Loded Dog, Spargoville and Chalice West to
add additional ounces.
• Rapidly grow resource base via exploration or acquisition with
the aim of building to 500,000 ounces by December 2028.
Resource target of 500,000 ounces
Kalgoorlie
Gold Focused
5
• All projects centered around Kalgoorlie in
the heart of the Goldfields of Western
Australia, a world class address.
• Excellent infrastructure and support
services in the region for gold mining.
• Outstanding location for mining investment
based on mineral potential.
• Six granted Mining Leases, pre Lindsay’s
acquisition.
Company Snapshot
At 30 September 2025
6
36%
12%
52%
Shareholders
on grouped
basis
Top 20 - excluding Directors
Top 20 - Directors
Other Shareholders
48%
Top 20 shareholders
Directors 12%
1,519
Number of shareholders
186.18million
Shares on issue
11.35million
Unlisted Options on issue
$54.0million
Market Cap
$1.1million
Cash at Bank/Investments
$3.0million
Undrawn Debt Facility
$0.0million
Hedging
7
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 EverGreen 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
in corporate services.
As Managing Director he spearheaded Auric’s
march to an ASX listing. On a day-to-day basis,
he 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, and 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.
8
Senior Management
A skilled on-ground leadership team overseeing the safe, efficient and
productive operations at Munda Gold Mine.
Mark Lewis
Munda Gold Operation – Site Senior Executive
Mark began his mining career in 1992 with Eltin
Contracting, gaining practical experience across a wide
range of mining equipment including blast hole drills and
large excavators. Over a career spanning more than 30
years, he has contributed to gold, copper, bauxite, rare
earth, manganese, and iron ore projects across Australia.
Mark has held progressive leadership roles since 1997,
including Drill and Blast Supervisor, Production
Coordinator, Team Leader, Deputy Quarry Manager, Mine
Manager, Registered Manager, and Open Pit
Superintendent. His deep operational expertise and
leadership make him a cornerstone of the Munda Gold
Operation.
Mark holds multiple industry-recognised qualifications,
including Site Senior Executive and Quarry Manager.
Robert Walker
Munda Gold Operation – Site Senior Executive
Rob is a seasoned mining executive with over 50 years of
experience in the industry. Throughout his career, he has
privately owned and operated mining and processing
operations in Western Australia and held senior
management positions with publicly listed companies.
Rob brings a wealth of open pit mining experience across a
wide range of commodities including gold, copper, nickel,
lithium, and mineral sands. He has led numerous project
studies and has been actively involved in the assessment,
acquisition, and development of mining projects both in
Australia and internationally.
Rob’s recent leadership roles include General Manager
Operations at Tanami Gold NL (3 years), Resident Manager
at Central Norseman Gold Mines (4 years), Mining
Manager at Westgold Murchison Operations (2 years), and
General Manager at Karora Resources’ Beta Hunt
Operations (3 years).
9
Jeffreys Find
Gold Mine
• Short-life mine has generated more than
$112 million in gold sales.
• Auric total cash cost on acquisition,
development and all associated costs was
approximately $1.5 million.
• Joint mining agreement with BML Ventures
Pty Ltd on a 50:50 basis.
• Total estimated project cash surplus to Auric
between $14 million to $15 million.
• Final toll milling completed August 2025.
• Final cash distribution due in Q4/2025.
Gold Sold 29,537 ounces
Gold Sales A$112 million
Total Costs A$83 million
Net Surplus A$29 million
Cash to Auric 50% A$14.5 million
Average Sale Price/Ounce A$3,792
Financial Data
10
Munda Gold Mine
• The Munda Gold Mine is presently Auric’s major
asset. It has a mineral resource of 145,000 ounces
of gold.¹
• A starter pit now underway has a production target of
125,000 tonnes of ore at 1.8 g/t Au. Estimated to
produce around 6,100 ounces of gold.²
• Gold price around A$6,400 an ounce means robust
project economics.
• Toll Milling agreement signed with Black Cat
Syndicate for processing at Lakewood.
• First toll commenced October with cash in November
2025.
• Second toll scheduled January 2026 with cash in
February 2026.
¹ Appendix 2
² Appendix 1
12
Numerous high-grade intersections highlight
the enormous potential at the Munda Gold Deposit
Munda Gold Mine 8 October 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)
12
13
Munda Gold Mine
Stage 2 Development
2026 Planned Activities
Q1
• Starter Pit reconciliation with resource model.
• Refine Munda resource models.
Q2
• Pit optimisations for a range of gold prices and
for Burbanks treatment vs toll treatment.
• Expand vegetation survey.
• Geotechnical drilling.
Q3
• Mining Proposal & Mine Closure Plan permit
applications submitted.
Q4 • Engage mining team and relevant contractors.
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.
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
• Excellent strategic location and complementary to our existing
land holdings. Significant exploration potential with AC & RC
drilling programs planned for Q1/2026.
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.
16
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.
• Evaluating next steps for further exploration of gold and
rare earths drilling in Q1/2026.
Lindsay’s Project
• Binding Terms Sheet executed. Project has various
mining plaints. Settlement expected Q4/2025 or
Q1/2026.
• Located 50km northeast of Kalgoorlie, WA.
• Project comprises 8 tenements and includes partially
mined Parrot Feathers gold deposit.
• Potential for near term, open pit gold mining and toll
treatment.
• Total purchase price $4 million. Cash component $2
million plus $2 million in shares (subject to voluntary
escrow) plus royalties.
• Once settlement completed, commence planning of
mining activities.
• Lindsay’s has the potential to be a major growth asset.
18
Burbanks
Gold Facility
• Acquired the Burbanks Gold Processing Facility at
Coolgardie for $4.4 million.
• Settlement completed 30 September 2025.
• 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 and feasibility studies will be conducted
between Q4 2025/Q2 2026 to determine
parameters for a mill refurbishment or rebuild.
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.
• With additions and improvements to camp
current total valuation of $1,500,000
• Corporate office and warehouse purchased
July 2024.
• With additions and improvements to office &
warehouse current valuation of $1,000,000.
19
20
Key Financial Information
Auric Mining Limited
Financial
Year
2023¹
Financial
Year
2024²
Estimated
Financial Year
2025
Proforma³
Total Revenue $4,791,631 $8,453,164 $17,200,000
Net Profit Before Tax $1,313,644 $4,098,978 $12,500,000
Adjusted Net Profit Before
Tax (after major non-cash
adjustments)
$2,845,638 $5,722,478 $14,000,000
Total Assets $13,309,332 $21,621,856 $34,000,000
Total Equity $11,933,257 $17,937,048 $32,000,000
¹ Financial Statements: ASX 23 March 2024
² Financial Statements: ASX 31 March 2025
³ Current Estimates based on A$6,200 gold price per ounce
Listed in February 2021 Auric
has moved to capitalise on its
assets and is now a gold
producer in the heart of WA’s
Goldfields.
Company Milestones
Aug 2019 Incorporated
Sep 2020
Acquisition of Jeffreys Find from Mincor
Acquisition of Munda from Estrella Resources
Feb 2021 Listed on the ASX
Jun 2021 Acquisition of gold rights from Neometals
Aug 2022 Execute mining agreement with BML Ventures
May 2023 Commenced mining at Jeffreys Find
Dec 2023 Banks $4.76 million from Stage One Mining at Jeffreys Find
Mar 2024 Banks $8.1 million from Stage Two Mining at Jeffreys Find
Nov 2024 Munda grade control drilling commences
May 2025 Mining commences at Munda Gold Mine
July 2025 Signs toll milling agreement for Munda with Black Cat Syndicate
July 2025 Acquires 7 tenements at Higginsville from Loded Dog
Sep 2025 Completion of acquisition of Burbanks Mill
Oct 2025 Commences toll treatment at Lakewood Mill
21
22
Planned Activities
The proposed key activities and drivers over the immediate period
Oct 2025 Engineering studies commissioned for Burbanks Mill
Oct 2025 Complete 60,000t Munda ore parcel at Lakewood Mill
Nov 2025 First sales of Munda Gold
Dec 2025 Complete mining of Munda Starter Pit
Dec 2025 Complete heritage survey on Loded Dog tenements at Higginsville
Dec 2025 Anticipated settlement Lindsay’s Gold Project
Jan 2026 Processing of second 65,000t Munda ore parcel at Lakewood Mill
Feb 2026 Munda gold sales from second parcel
Mar 2026 First concept designs completed for Burbanks Plant
Mar 2026
Exploration drilling programs for Higginsville, Loded Dog and
Chalice West Projects
23
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
25 November 2024 Spargoville Project Encouraging RC Drilling Results
12 December 2024 Munda Gold Deposit Starter Pit Ore Reserve
24 December 2024 Conditional Acquisition of Burbanks Gold Processing Facility
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
27 February 2025 Auric Executes Binding Agreement To Purchase Lindsays Project
13 March 2025 Due Diligence Completed Auric To Acquire Burbanks Facility
1 April 2025 Lindsay’s Gold Project Due Diligence Period Extended
8 April 2025 Loded Dog Tenements Stage One Settlement Completed
14 April 2025 Munda Gold Mine Starter Pit Underway
30 April 2025 2024 Annual Report to Shareholders
13 May 2025 Mining Commences at Munda Gold Mine
1 July 2025 Auric Consolidates Munda Gold Mine with WIN Purchase
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
24
Appendix 2: Current Resources¹
Note: Numerical differences may occur due to rounding
¹ (ASX:AWJ): 30 April 2025: 2024 Annual Report to Shareholders. Noting that 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
Munda 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 Stockpiles 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
25
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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