Jeffreys Find Gold Mine Progress
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
5 SEPTEMBER 2025
Jeffreys Find Gold Mine
Toll Milling Update
Highlights
•
Processing completed for the last parcel of Jeffreys Find ore.
•
To date 1,541 ounces of gold have been sold by Perth Mint at an average price
of $5,139.25 per ounce.
•
Auric has banked $1.0 million in a further interim cash surplus distribution.
•
A further 300 ounces of gold to be sold within the fortnight with an additional
cash distribution expected by month’s end.
•
Completion and final cash distribution expected Q4/2025.
Management Comment
Managing Director, Mark English, said: “We are pleased the Project’s last toll
milling campaign is now complete, with circa 60,000 tonnes going through the mill.
“This last campaign has made for a great final payday for Auric, with further cash
distributions still to come once all gold has been sold, all costs paid and final
accounting complete.
“By any measure it’s an impressive result overall that’s seen the total ounces mined
and sold from Jeffreys Find of around 30,000 ounces, for expected total profit from
Jeffreys Find of approximately $29 million of which we receive 50%.
“Jeffreys Find has been an absolute game changer for us, accelerating our
transition from gold explorer to producer, and now mining in our own right at Munda,
with all additional funds principally being applied to supporting the mining
operations already underway at Munda,” 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
5 SEPTEMBER 2025
Photo 1: The Jeffreys Find Gold Mine near Norseman.
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to advise that
the last toll milling campaign of its inaugural Jeffreys Find Joint Venture project is
now complete at Three Mile Hill Mill at Coolgardie, Western Australia.
The final, approximately 60,000 tonnes of ore hauled from Jeffreys Find near
Norseman, WA, to Three Mile Hill Mill formed the last campaign of the Joint Venture
with partner BML Ventures Pty Ltd (BML or BML Ventures) of Kalgoorlie over the past
two years.
In total, sales of gold produced from Jeffreys Find is about 30,000 ounces since
mining commenced in May 2023, with Auric receiving a further $1.0m cash
distribution in August. This follows prior cash distributions to Auric from the project
totalling $12.9 million between December 2023 through to early 2025.
Under the terms of the joint venture agreement BML are the miners, operators and
managers of the Jeffreys Find Project. BML incurs and pays all mining, haulage,
milling costs and related expenses. After sale of the gold, the partners subtract all
direct costs before splitting the surplus cash proceeds on a 50:50 basis.
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
5 SEPTEMBER 2025
In total, Auric expects to bank around $14.5 million as its share of the inaugural
mining joint venture at Jeffreys Find. The additional cash to be received from this
final campaign at Jeffreys Find will be used by Auric to fund mining and other
development costs at its Munda Gold Mine.
Auric will provide final details once everything has been finalised with BML, which is
expected to be in Q4/2025.
This announcement has been approved for release by the Board of Auric Mining Ltd.
Corporate Enquiries
Investor Relations
Follow our
communications
Mark English
Managing Director
Auric Mining Limited
Alex Cowie
Director
NWR Communications
Click here to subscribe
to our updates
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
Share your feedback
Discover