Union Jack Project Settlement & Completion
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 7 OCTOBER 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
Union Jack Project
Settlement & Completion
Highlights
• Settlement completed to purchase Union Jack granted mining lease (M15/120) for A$6.5
million cash and A$3.0 million in shares (subject to shareholder approval).
• Union Jack’s Inferred Mineral Resource estimate of 3.12Mt @ 1.02g/t Au for 102,000
ounces presents a compelling, near-term, open pit gold mining opportunity.
• With gold mineralisation open and offering substantial growth potential, a major drill
program set to commence November 2026 following previous drilling that includes:
• 17m @ 4.57 g/t from 24m • 17m @ 3.99 g/t from 13m
• 15m @ 4.22 g/t from 62m • 5m @ 12.21 g/t from 56m
• 5m @ 9.64 g/t from 10m • 16m @ 2.99 g/t from 1m
• 10m @ 4.72 g/t from 19m • 18m @ 2.61 g/t from 26m
• 13m @ 3.55 g/t from 9m • 10m @ 4.54 g/t from 33m
• 5m @ 8.91 g/t from 19m • 12m @ 3.49 g/t from 11m
• 2m @ 6.54g/t from 200m • 16m @ 4.34 g/t from 184m
• Located 15km from the Burbanks processing facility, Union Jack substantially extends
Auric’s feed and production capacity.
• Union Jack increases Auric’s current Mineral Resource inventory by 51%, to 7.5Mt @
1.25g/t gold for 301,000 ounces.
Mr Mark English, Managing Director, said:
“We’re absolutely delighted to have completed settlement on the Union Jack Project. This
granted mining lease perfectly fits our strategy of acquiring near-term, gold production
assets within trucking distance of the Burbanks Mill.
“There was simply no way we could pass on such a strategic purchase including adding to
the ounces we already control in the region.
“With its potential near-term, open pit mining prospects, the drill rigs are booked for next
month, particularly appreciating Union Jack could be advanced as an additional source
of feed for our Burbanks Mill marked for re-opening early 2028.
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 7 OCTOBER 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
“Importantly we are looking forward to commencing drilling with the aim of increasing
resources, this purchase representing not only a substantial step in de-risking our growth but
also adding significantly to our strategy of becoming a sustainable producer.”
Union Jack Project
Auric Mining Limited (ASX: AWJ) (“Auric” or the “Company”) is pleased to announce it has
completed the acquisition of Union Jack. This includes today Union Jack (M15/120) and
previously (P15/6183), (“the Project”) refer to ASX announcement 9 September 2026.
Union Jack directly abuts the Great Eastern Highway, east of Coolgardie and covers 89
hectares (Figure 1). The near-term open-pit mining potential is enhanced by the Project’s
location approximately 15 kilometres from our Burbanks processing plant.
Union Jack has an Inferred Mineral Resource estimate of 3.12Mt at 1.02g/t Au for 102,000
ounces of gold, using a 0.5g/t Au cut off (Table 1). The resource is located on the granted
mining lease and approximately 16% of the mineralisation is weathered and 84% fresh rock.
Using a 0.65g/t Au cut-off within the same optimised pit shell, the Project contains an Inferred
Mineral Resource Estimate of 2.16Mt at 1.22g/t Au for 85,000 ounces of gold. This higher-
grade inventory highlights the potential for Union Jack to deliver additional feed for the
Burbanks processing plant.
The Company intends to undertake a substantial drilling program aimed at both infilling and
expanding the Mineral Resource ahead of mining studies and production scheduling, with
the objective of adding additional Auric-owned ore to the operating life of the Burbanks
processing plant.
Figure 1. Union Jack historic workings, drill holes and resource pit outline relative to tenure
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 7 OCTOBER 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
Current Mineral Resource Estimates
Deposit
Cut off Category Tonnes Grade Ounces
Au g/t (Thousand) (g/t Au) (k oz Au)
Munda in situ#
0.5 g/t
Indicated 3,500 1.45 163
Inferred 700 1.3 29
Munda Stockpiles# Indicated 76 0.81 2
SUBTOTAL 4,276 1.41 194
Jeffreys Find^ 0.5 g/t
Indicated 10 2.1 1
Inferred 70 1.8 4
SUBTOTAL 80 1.8 5
Union Jack 0.5 g/t
Inferred 3,100 1.02 102
SUBTOTAL 3,100 1.02 102
Combined 0.5 g/t
Indicated 3,586 1.44 166
Inferred 3,870 1.08 135
TOTAL 7,456 1.25 301
Table 1. Auric Mining Limited Gold Resources. Rounding errors are apparent.
# ASX: AWJ 25 May 2026. Munda Gold Deposit Mineral Resource Increased by 32%
^ ASX: AWJ 30 April 2026. Annual Report 2025
Competent Person Statement
The information in this announcement that relates to exploration results and Mineral
Resources is extracted from the announcement to the ASX entitled Union Jack Project
Strategic Acquisition and Resource Upgrade dated 9 September 2026 and available to
view on 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 announcements 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.
Forward Looking Statements
This Announcement may contain forward-looking statements which are identified by words
such as ‘may’, ‘could’, ‘should’, ‘believes’, ‘estimates’, ‘targets’, ‘expected’, 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 several 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.
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 7 OCTOBER 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
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.
A revised Appendix 5B updating the issue of the shares will be released following this
announcement.
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
Gareth Solly
CEO and Executive Director
Auric Mining Limited
T +61 8 9548 9997
E gsolly@auricmining.com.au
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