Completion of Purchase of Munda Related Assets
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
9 SEPTEMBER 2025
Munda Gold Mine
Completion of Purchase of Mine Camp, Nickel
Rights and Water Assets from WIN Metals
Highlights
•
This milestone agreement has considerably enhanced Auric’s mining operations
at its Munda Gold Mine.
•
All nickel rights and entitlements at Munda, M15/87 now owned by Auric.
•
Fully equipped mine camp substantially contributes to operating efficiencies.
•
Sole access and usage of stored water in the 132N pit by Auric.
•
Auric has applied for two Miscellaneous Licences to facilitate use and access to
designated assets.
•
Final Tranche 2 payment of $500,000 now payable by 30 November 2025.
Management Comment
Managing Director, Mark English, said: “Completion of this acquisition now
provides Auric greater control and simplifies open pit mining at our Munda Gold
Mine.
“Finalising the acquisition of all the nickel rights and assets from WIN sees us taking
another major step forward at Munda. Mining at Munda is proceeding according
to plan. We are happy with our progress over the past 4 months.
“Completion of the acquisition of the water asset has also been a good acquisition
for us. The mining camp has been a great benefit to us and assisted greatly in
housing the mining team, located just six kilometres north of our mine.
“We have reached a highly satisfactory agreement for all Auric shareholders,” 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
9 SEPTEMBER 2025
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) together with WIN Metals
Ltd (ASX: WIN) (WIN Metals or WIN) are pleased to announce that the two parties
have successfully finalised the purchase of a package of WIN assets including all
nickel and associated minerals rights, at Munda M15/87, water access rights and
usage and a fully equipped mining camp all relating to Auric’s Munda Gold Mine.
The total consideration is $1.4 million, (ex GST). The first tranche of $900,000 was paid
on 30 June 2025, the second tranche of $500,000 is now due and payable by 30
November 2025.
Auric now owns all mineral rights at Munda, except lithium. The lithium mineral rights
remain with WIN.
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
Investor Relations
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Mark English
Managing Director
Auric Mining Limited
Alex Cowie
Director
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T +61 409 372 775
T +61 412 952 610
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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