NWR Perth Presentation
Released
Released
Announcement PDF
Auric Mining Ltd
NWR Perth Resources Lunch
Mark English, Managing Director
30 July 2024
Forward Looking Statements and Compliance Statement
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 o website auricmining.com.au.
Forward-Looking Statement
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.
Compliance Statement
The information in this presentation relating to exploration results, mineral resource estimates and the
Munda scoping study 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
and, in the case of estimates of Mineral Resources and of the scoping study, 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 announcements.
2 March 2021
Auric Mining Limited Resource Summary and Exploration Update
28 January 2022
Increase in Estimated Resources at Munda and Reclassification from Inferred to Indicated
28 June 2023
Positive Scoping Study for Munda Gold Project
27 October 2023
Grade Control Drilling at Munda Gold Project
1 December 2023
Jeffreys Find Gold Mine - Stage One Reconciliation Total Surplus Cash to Auric $4.77million 9,741
Ounces Produced
30 January 2024
Numerous high grade gold intercepts at Munda Grade Control
22 February 2024
More than 300,000 tonnes to be mined at Jeffreys Find
3 April 2024
Munda Grade Control Completed. Mine Planning Progresses.
29 May 2024
Jeffreys Find Generates $4.46 million Gross Revenue from First 2024 Gold Campaign
5 July 2024
Jeffreys Find Gold Mine Auric to bank $3M cash this quarter. Toll milling of 150,000 tonnes to start
in 3 weeks.
23 July 2024
Munda Gold Project Auric Buys Specific Mineral Rights and related assets from WIN Metals for
$1.2M.
25 July 2024
Jeffreys Find Gold Mine Toll Milling of 150,000 Tonnes Commenced. Second 2024 Campaign.
26 July 2024
June Quarterly Report and Appendix 5B.
2
Auric ticks all the right boxes
Right People
Right Structure
• Board and leadership team with track
record of delivering success for
shareholders.
• Experienced team covering all disciplines.
• Only 3 years from ASX listing to first gold and
positive cashflow.
• Top 20 shareholders own 44.76%.
• Directors have skin in the game owning 17%.
Right Place
Right Mineral
• World-class address in the heart of WA’s
Goldfields.
• Best infrastructure in Australia for gold
mining.
• Gold focused.
• Approximately 10,000 ounces of gold
produced in 2023, Jeffreys Find Gold Mine.
• Higher production in 2024/2025 from
Jeffreys Find Gold Mine.
3
Company History
INCORPORATED
August 2019
MAJOR
ACQUISITIONS
September 2020
ASX LISTING
February 2021
COMMENCE MINING
JEFFREYS FIND
May 2023
FIRST CASH TO
AURIC
December 2023
MINING JEFFREYS
FIND
May 2024
Company Commodity: Gold Focused
Jurisdiction: Western Australia
Strategy Assets: Near Term Production on Granted Mining Leases
4
Right Structure
148.5
1,002
million
Shares on Issue
Number of shareholders
9.45
44.76%
million
Unlisted Options
Top 20 shareholders
$34.2
$3.48
million
Market Cap (30.06.2024)
million
Cash at Bank (30.06.2024)
Shareholders 44.76%
on grouped
55.24%
basis
Top 20 - including Directors
Other Shareholders
5
Right People
Have a track record of successful gold discovery, development and production.
Now steering the Company towards becoming a highly profitable gold producer.
Steven Morris
Mark English
John Utley
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.
Mark has a Bachelor of Business degree, is a
Chartered Accountant and a member of the
Australian Institute of Company Directors. Mark
has a 40-year career in the resources sector and
in corporate services.
John holds a Master’s degree in earth sciences from the
University of Waikato in New Zealand. He has a 35 year
career in mining and exploration focussed on the gold
sector, is a member of the Australian Institute of
Geoscientists (AIG) and the Australian Institute of Mining
and Metallurgy (AusIMM).
Non-Executive Chairman
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.
Managing Director
As Managing Director he spearheaded Auric’s
march to an ASX listing and on a day-to-day
basis has particular responsibility for Company
strategy, financial management, corporate
development and acquisition opportunities.
Mark was a founding Director of Bullion Minerals
Ltd (now Devex Resources Ltd (“DEV”)), that he
managed for 10 years including completing its
IPO.
Technical Director
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 team at Darlot Gold
Mine, during the discovery and development of the 2.3
million ounce Centenary gold deposit.
6
Right Place
•
•
•
Auric’s tenements are between Kalgoorlie and
Norseman in the heart of The Goldfields of Western
Australia, a world class address.
Excellent infrastructure and support services in
Australia for gold mining.
Outstanding location for mining investment based
on mineral potential.
Tenement Map
As of today
Auric Mining
Projects
Brisbane
Kalgoorlie
Perth
Sydney
Melbourne
7
Jeffreys Find Gold Mine
•
Granted Mining Lease at date of Acquisition from Mincor
Resources in September 2020.
•
Total cash spent by Auric on acquisition and development
to date around $1.4 million.
•
Stage One of mining was completed in November 2023.
Two campaigns produced 9,741 ounces of gold at an
average yield of 1.86 g/t.
•
From Stage One Auric banked $4.77m, being our 50%
share of surplus cash.
•
A contract to process a minimum of 300,000 tonnes of
ore is signed for 2024.
•
Mining well advanced in 2024.
8
Right Mineral
A tremendous investment
•
As at 31 December 2023 already cash positive.
•
BML Ventures of Kalgoorlie as the JV Contractor
bears the brunt of risk and assumes all
overheads. Auric shares 50:50 in cash surpluses.
•
Project is performing well and with gold prices
above $3,600+ an ounce project has proved to
be a well- executed investment for Auric.
•
Second gold milling campaign of 2024
commenced last week.
•
Cash generated from Jeffreys Find ensures Auric
is self-funding for the foreseeable future.
2023
First Phase
2024
Final Pit
2025
Finish
9
All roads lead to Munda.
• Granted Mining Lease at date of acquisition from
Estrella Resources in September 2020.
• Total cash spent by Auric on acquisition and
development to date is approximately $7.3 million
• Flagship asset holds approximately 200,000
ounces of mineral resources.
Right Mineral
•
Flagship asset adjacent to the township of Widgiemooltha
estimated to contain approximately 200,000 ounces of gold
resources.
•
Grade control drilling completed in January 2024 has
further advanced the project.
•
Binding Term Sheet executed with WIN Metals Ltd (WIN) to
control mining rights and water.
•
Planning is well advanced to commence, open pit trial
mining in Q1 2025.
2023
Grade Control
Drilling
2024
Development
and Planning
2025
Starter Pit
11
Highest Grade Intersections at
Munda Gold Project
Best 15 holes from Grade Control Drilling
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)
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Company Vision
• Develop Munda
• Remain gold-focused
• Look to acquire gold assets in the
Western Australia Goldfields.
• Rigorous exploration at our tenement
package including Spargoville and
Higginsville.
Our search to find & mine a million ounces
of gold just got more interesting.
Please join us
Follow our communications
14
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