Announcement PDF ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE 30 MARCH 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 31 December 2025 Financial Year $5.2 Million Profit After Tax Highlights: Year Ended 31 December 2025. • Net profit after tax up 92% to $5.2 million. • Revenue increased 144% to $20.6 million. • Total assets increased 61% to $34.8 million. • Free cash flow increased 129% to $6.5 million. • Successful mining and first toll milling campaign completed at Munda Gold Mine. • Transition to gold producer in our own right achieved, with strong platform for growth in 2026. 2025 Full Year Financial Report Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide its audited financial statements for the year ending 31 December 2025, which are attached. Key Financial Performance Numbers Auric Mining Limited Financial Year 2025 Financial Year 2024 Financial Year 2023 2025 vs 2024 Growth Total Revenue $20,620,000 $8,450,000 $4,790,000 Up 144% Net Profit After Tax $5,170,000 $2,690,000 $1,313,000 Up 92% Current Assets $14,532,000 $10,287,000 $4,636,000 Up 41% Total Assets $34,773,000 $21,621,000 $13,309,000 Up 61% Total Equity $29,746,000 $17,937,000 $11,933,000 Up 66% Free Cashflow $6,504,000 $2,837,000 $2,492,000 Up 129% ANNOUNCEMENT TO THE AUSTRALIAN STOCK EXCHANGE 30 MARCH 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 results detail and highlight a defining year for Auric, with the Company delivering strong financial performance while advancing its transition from explorer to producer in our own right. Management Comment Mr. Mark English, Managing Director: “For the third consecutive year, Auric has delivered a profitable result, reporting a $5.2 million net profit after tax for financial year ended 31 December 2025. This reflects disciplined execution and the strength of our growing production base. “Revenue growth of 144% and strong free cash flow generation demonstrate the Company’s successful transition into a cash-generating gold producer. “During the year, Auric commenced mining at the Munda Gold Project, with ore processed through the first toll milling campaign at Black Cat Syndicate’s Lakewood Mill. This represents a significant milestone, marking Auric’s transition into mining operations in its own right. “The Munda Starter Pit has delivered strong operational performance, providing confidence in the broader scale potential of the deposit and underpinning future mine development. “The Company’s financial position has strengthened materially over the year, supported by operating cash flow and disciplined capital management. “In addition, the acquisition of the Burbanks Processing Facility will provide Auric with long-term processing capacity and supports our strategy to become a fully integrated gold producer. “With a strong balance sheet, increasing production profile, and exposure to a favourable gold price environment, Auric is well positioned for continued growth in 2026 and beyond. This has been another outstanding year for the Company and our shareholders,” said Mr English. 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 Investor Relations Alex Cowie Director NWR Communications T +61 412 952 610 E alexc@nwrcommunications.com.au Follow our communications Click here to subscribe to our updates Auric Mining Limited and controlled entities ABN 29 635 470 843 Annual Report - 31 December 2025 Auric Mining Limited and controlled entities Contents 31 December 2025 1 Directors' report 2 Auditor's independence declaration 14 Consolidated statement of profit or loss and other comprehensive income 15 Consolidated statement of financial position 16 Consolidated statement of changes in equity 17 Consolidated statement of cash flows 18 Notes to the consolidated financial statements 19 Consolidated entity disclosure statement 37 Directors' declaration 38 Independent auditor's report to the members of Auric Mining Limited Error! Bookmark not defined. Shareholder information 44 General information The financial statements cover Auric Mining Limited as a Group consisting of Auric Mining Limited and the entities it controlled at the end of, or during, the year. The financial statements are presented in Australian dollars, which is Auric Mining Limited's functional and presentation currency. Auric Mining Limited is a listed public company limited by shares, incorporated and domiciled in Australia. Its registered office and principal place of business are: Registered office Principal place of business Level 1, 1 Tully Road, Level 1, 1 Tully Road, East Perth WA 6004 East Perth WA 6004 A description of the nature of the Group’s operations and its principal activities are included in the Directors' report. The financial statements were authorised for issue, in accordance with a resolution of Directors, on 30 March 2026. The Directors have the power to amend and reissue the financial statements. Auric Mining Limited and controlled entities Directors' report 31 December 2025 2 The Directors present their report, together with the financial statements, on the Group (referred to hereafter as the Group) consisting of Auric Mining Limited (referred to hereafter as "Auric', the "Company" or "parent entity") and the entities it controlled at the end of, or during, the year ended 31 December 2025. Directors The following persons were Directors of Auric Mining Limited during the whole of the financial year and up to the date of this report, unless otherwise stated: Steven Morris - Non-Executive Chair Mark English - Managing Director John Utley - Executive Director Particulars of each Director's experience and qualifications are set out later in this report. Principal Activities During the financial year, Auric Mining Limited ("Auric" or "the Group") remained focused on gold exploration, mining, production and development in the Goldfields region of Western Australia. Operating and Financial Review The profit for the Group after providing for income tax amounted to $5,170,598 (31 December 2024: $2,690,609). Review of Operations During the year ended 31 December 2025, Auric Mining Limited progressed a number of key operational and strategic milestones, transitioning from a single-asset joint mining agreement participant to a multi-asset gold producer. It also acquired the Burbanks Gold Processing Facility. The year was characterised by the completion of mining and processing activities at the Jeffreys Find Gold Mine, commencement and advancement of mining operations at the Munda Gold Mine, completion of the acquisition of the Burbanks Gold Processing Facility, and continued progression of the Lindsay’s Gold Project acquisition. These activities materially advanced the Group’s strategy of becoming an integrated gold explorer, miner and processor in Western Australia. Gold Mining Operations Munda Gold Mine Starter Pit Mining at the Munda Gold Mine Starter Pit commenced in May 2025, marking Auric’s transition to operating as a gold miner in its own right. By the end of the year, mining had advanced to approximately 30 metres below surface, with approximately 300,000 bank cubic metres of ore and waste material mined and ore stockpiles established. During the year, Auric executed a toll milling and ore purchase agreement with Black Cat Syndicate Ltd for the processing of up to 125,000 tonnes of ore at the Lakewood Mill. Processing of the first parcel of approximately 60,000 tonnes commenced in October 2025, with the first gold pour achieved on 21 October 2025. Initial gold sales and cash receipts were received during the December quarter. The second processing campaign started in January 2026. In September 2025, the Group completed the acquisition of the Munda mine camp, permitted in-pit water supply and all nickel rights from WIN Metals Ltd for total consideration of $1.4 million, providing Auric with full operational control and ownership of critical infrastructure at the project. Lithium rights at Munda remain with WIN Metals Ltd. Jeffreys Find Gold Mine (Joint mining arrangement with BML Ventures Pty Ltd) The eighth and final toll milling campaign at the Jeffreys Find Gold Mine was completed during August 2025 at the Three Mile Hill processing facility. Over the life of the two-stage open pit operation, a total of 29,537 ounces of gold were produced, generating approximately $112 million in gold sales. Auric’s cumulative cash receipts from the joint mining arrangement totalled approximately $14.5 million by year end, with final reconciliation and cash distributions substantially completed during the December quarter. The project delivered a highly successful financial outcome relative to the Group’s capital contribution. Site rehabilitation and final project close-out activities were undertaken following completion of mining and processing and in March 2026 the Group received the final payment of $2.2 million. All mining, haulage and processing activities at Jeffreys Find were undertaken and funded by BML Ventures Pty Ltd. Auric participated as tenement holder and joint mining partner, sharing in surplus cashflows in accordance with the joint mining agreement. Auric Mining Limited and controlled entities Directors' report 31 December 2025 3 Processing Infrastructure Burbanks Gold Processing Facility On 30 September 2025, Auric completed the acquisition of the fully permitted Burbanks Gold Processing Facility for consideration of $4.4 million plus GST. The plant is strategically located south of Coolgardie and includes established grid power, water licences, permitted facilities, tailings infrastructure and associated mining leases. The acquisition represents a significant milestone in the Group’s strategy to vertically integrate its operations. Following settlement, engineering and technical studies commenced to assess, recommissioning and potential expansion options to support processing of ore from the Munda Gold Mine, the Lindsay’s Gold Project and other nearby assets. Development Projects Lindsay’s Gold Project During the year, Auric completed due diligence on the acquisition of the Lindsay’s Gold Project, including the Parrot Feathers open pit. The Group proceeded with staged settlement of tenements not subject to Wardens Court proceedings, while assuming management of litigation relating to Mining Lease M27/169. The acquisition remains subject to final resolution of outstanding mining plaints and issue of shares. Upon completion, the Lindsay’s Gold Project is expected to form an important component of Auric’s future production pipeline. Exploration and Tenements The Group also completed the acquisition of highly prospective tenements in the Higginsville district from Loded Dog Prospecting Pty Ltd during the year. No material exploration drilling was undertaken during the reporting period, with planning activities progressing for future drilling campaigns across the Higginsville, Spargoville and Chalice West project areas. At 31 December 2025, Auric held interests in a diversified portfolio of gold projects across the Widgiemooltha–Norseman region, including the Widgiemooltha Gold Project, Munda Gold Mine, Jeffreys Find Gold Mine, Spargoville Project, Chalice West Project, Lindsay’s Gold Project and the Burbanks processing hub. Financial Performance and Position The Group’s financial performance for the year reflects the timing of gold production and revenue recognition, particularly in relation to the completion of the Jeffreys Find joint mining arrangement and commencement of gold sales from Munda Gold Mine during the latter part of the year. During 2025, Auric completed equity raisings totalling $6,664,492 to support development activities, project acquisitions and working capital requirements. Cash flows from Jeffreys Find and initial Munda production provided funding for continued operational development and strategic investment. Significant changes in the state of affairs There were no significant changes in the state of affairs aside from the matters referred to in the review of operations above of the Group during the financial year. Dividends There were no dividends paid, recommended or declared during the current or previous financial year. Auric Mining Limited and controlled entities Directors' report 31 December 2025 4 Matters subsequent to the end of the financial year Munda Gold Mine Following completion of Campaign 1 during the reporting period, the Group continued development activities at the Munda Gold Mine. Post 31 December 2025, gold sales from processed ore were received totalling about $45 million and applied toward working capital. Operational planning for subsequent mining campaigns continued after the period. Lindsays Gold Project – Proposed Acquisition The Group continued progressing the proposed acquisition of the Lindsays Gold Project. As at the date of this report, Conditions Precedent, including resolution of pending forfeiture applications before the Wardens Court, remain outstanding. The Group is actively pursuing the relevant litigation and continues to work towards satisfaction of these Conditions Precedent. Jeffreys Find Gold Mine All mining activities have now been completed. BML Ventures Pty Ltd have handed back all operational activities to the Group. The Group has received a further $2.2 million as our profit share. No other matter or circumstance has arisen since 31 December 2025 that has significantly affected, or may significantly affect the Group’s operations, the results of those operations, or the Group’s state of affairs in future financial years. Likely developments and expected results of operations Information on likely developments, future prospects and business strategies of the operations of the Group and the expected results of operations, not otherwise disclosed in this report, have not been included in this report because the Directors believe that the inclusion of such information would be likely to result in unreasonable prejudice to the Group. Indemnifying Officers or Auditor During the year, the Group maintained an insurance policy which indemnifies the directors and officers in respect of any liability incurred in connection with the performance of their duties as directors and officers of the Group to the extent permitted by the Corporations Act 2001. The Group has not, during or since the end of the financial year, indemnified or agreed to indemnify the auditor of the Company or any related entity against a liability incurred by the auditor. During the financial year, the Group has not paid a premium in respect of a contract to insure the auditor of the Group or any related entity. Environmental regulation The Group’s operations are subject to the relevant Commonwealth and State environmental protection legislations. The Group holds environmental licences issued under these laws and these licences include conditions and regulations in relation to groundwater, the rehabilitation of areas disturbed during the course of exploration and mining activities. The Board monitors all environmental performance obligations. Our operations are subject to regular Government agency audits and site inspections. Material Business Risk The Group is committed to the effective management of risk to reduce uncertainty in the Group’s business outcomes and to protect and enhance shareholder value. There are various risks that could have a material impact on the achievement of the Group’s strategic objectives and future prospects. Key risks and mitigation activities associated with the Group’s objectives are set out below: Exploration risk The Group’s projects are at various stages of exploration, and potential investors should understand that mineral exploration is a high-risk undertaking. There can be no assurance that exploration of these projects, or any other tenements that may be acquired in the future, will result in the discovery of an economic mineral deposit. The future exploration activities of the Group may be affected by a range of factors including geological conditions, limitations on activities due to seasonal weather patterns, unanticipated operational and technical difficulties, industrial and environmental accidents, native title processes, changing government regulations and many other factors beyond the control of the Group. In addition, the tenements forming the projects of the Group may include various restrictions excluding, limiting or imposing conditions upon the ability of the Group to conduct exploration activities. While the Group will formulate its exploration plans to accommodate and work within such access restrictions, there is no guarantee that the Group will be able to satisfy such conditions on commercially viable terms, or at all. The Group uses a number of exploration techniques in order to reduce the level of exploration risks and continues to explore Auric Mining Limited and controlled entities Directors' report 31 December 2025 5 new and innovative technologies through its day-to-day operations. Regulatory risk The Group’s mining and exploration activities are dependent upon the maintenance (including renewal) of the tenements in which the Group has or acquires an interest. Maintenance of the Group’s tenements is dependent on, among other things, the Group’s ability to meet the licence conditions imposed by relevant authorities. Although the Group has no reason to think that the tenements in which it currently has an interest will not be renewed, there is no assurance that such renewals will be given as a matter of course and there is no assurance that new conditions will not be imposed by the relevant authority or whether the Group will be able to meet the conditions of renewal on commercially reasonable terms, if at all. The Group works with local government and mining departments to ensure it meets the required level of reporting requirements and to reduce any potential for breach of regulatory requirements. Future funding risk The Group’s exploration, development, and acquisition activities are capital intensive. Funding is sourced from cash reserves, mining operations, and if required external capital raising. In particular, future funding requirements may arise to support the acquisition of assets, including deferred consideration obligations under contractual agreements. The availability of future capital is subject to market conditions and investor sentiment. Equity financing may dilute existing shareholders and may occur at prices below market value. Debt financing, if available, could impose restrictive covenants. Although the Directors are confident in their ability to secure additional funding, if required, there can be no assurance that it will be available on favourable terms or at all. Failure to obtain funding when required may restrict business development. Funding needs are reviewed regularly to proactively manage this risk. Any additional equity financing may be dilutive to Shareholders, may be undertaken at lower prices than the market or may involve restrictive covenants which limit the Group’s operations and business strategy. Gold prices The Group’s revenues and cash flows are primarily derived from the sale of gold. Fluctuations in the gold price can materially impact profitability and project economics. Community and Stakeholder Relations Following the execution of the Ngadju Native Title Agreement, the Group recognises the importance of ongoing engagement and meeting expectations of the Ngadju People and other local communities. Failure to meet community expectations or maintain stakeholder support could impact project timelines, social licence to operate, and overall reputation. Proceedings on Behalf of the Group The Group is subject to proceedings in relation to the lithium royalty over Munda Tenement (M15/87) by Estrella Resources Ltd. These proceedings do not affect the Group’s gold mining operations, which continue in the normal course. Auric has no rights to explore or exploit lithium at Munda and based on mine planning and sampling undertaken to date, no economic quantities of lithium have been identified. The Group will continue to defend the litigation and provide updates to the market as required. Auric Mining Limited and controlled entities Directors' report 31 December 2025 6 Non-audit services Details of the amounts paid or payable to the auditor for non-audit services provided during the financial year by the auditor are outlined in note 17 to the financial statements. The Directors are satisfied that the provision of non-audit services during the financial year, by the auditor (or by another person or firm on the auditor's behalf), is compatible with the general standard of independence for auditors imposed by the Corporations Act 2001. The Directors are of the opinion that the services as disclosed in note 17 to the financial statements do not compromise the external auditor's independence requirements of the Corporations Act 2001 for the following reasons: ● all non-audit services have been reviewed and approved to ensure that they do not impact the integrity and objectivity of the auditor; and ● none of the services undermine the general principles relating to auditor independence as set out in APES 110 Code of Ethics for Professional Accountants issued by the Accounting Professional and Ethical Standards Board, including reviewing or auditing the auditor's own work, acting in a management or decision-making capacity for the Group, acting as advocate for the Group or jointly sharing economic risks and rewards. Options At the date of this report, the unissued ordinary shares of Auric Mining Limited under option are as follows: Exercise Number Grant date Expiry date price under option 1 November 2023 1 November 2026 $0.100 800,000 1 February 2024 31 January 2028 $0.150 1,600,000 1 February 2024 31 January 2029 $0.225 2,000,000 15 April 2024 31 January 2029 $0.225 2,000,000 24 May 2024 31 January 2029 $0.225 1,537,500 29 May 2025 31 January 2028 $0.400 1,250,000 29 May 2025 31 January 2029 $0.600 1,250,000 10,437,500 Option holders do not have any rights to participate in any issues of shares or other interests of the Group or any other entity. During the year ended 31 December 2025, 1,112,500 shares of Auric Mining Limited were issued on the exercise of unquoted options. Option expiring 01 Nov 2026 @ 0.10 900,000 Option expiring 31 Jan 2028 @ 0.15 100,000 Option expiring 31 Jan 2029 @ $0.225 112,500 No person entitled to exercise an option had or has any right by virtue of the option to participate in any share issue of any other body corporate. During the year ended 31 December 2025, 2,500,000 options were issued as part of corporate advisory and services. A total of 1,000,000 Tranche 4 unquoted options have been granted, but not yet vested, to employees of Auric Mining Limited and/or their nominees pursuant to the Employee Share Incentive Plan. Tranche 2 and Tranche 3 unquoted options have been granted, but not yet vested, as the hurdle conditions have not yet been achieved as at 31 December 2025. 1,925,000 Tranche 2 unquoted options will vest and be issued once the Group reaches a total production of 40,000 ounces of gold. The options will be exercisable five years from that date. 1,925,000 Tranche 3 unquoted options will vest and be issued once the Group reaches a total production of 70,000 ounces of gold. The options will be exercisable five years from that date. 1,000,000 Tranche 4 unquoted options will vest and be issued once the Group reaches a total production of 80,000 ounces of gold. The options will be exercisable five years from that date. Auric Mining Limited and controlled entities Directors' report 31 December 2025 7 Information on Directors and Company Secretary As at the date of this report, the information on the Directors and Company Secretary are as follows: Name: Steven John Morris Title: Non-Executive Chair Qualifications: Diploma of Financial Markets (FINSIA) Experience and expertise: Steven has over 30 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 9 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 Evergold Minerals Limited (ASX:EG1). Other current directorships: Evergold Minerals Limited (Appointed: 24 February 2025) Former directorships (last 3 years): None Interests in shares: 7,437,499 ordinary shares of Auric Mining Limited Interests in options vested: 247,500 options of Auric Mining Limited expiring 31 January 2029 @ $0.225 Interests in options unvested: 288,750 options expected 5 years post hurdle 30 April 2030 @ 0.30 288,750 options expected 5 years post hurdle 30 June 2031 @ $0.40 166,666 options expected 5 years post hurdle, Expiry date: 5 years from the issue date of the options @ exercise price: 5-day VWAP at the time of issue Name: Mark Anthony English Title: Managing Director Qualifications: Bachelor of Business (Curtin University) Fellow of the Institute of Chartered Accountants Australia and New Zealand Member of the Institute of Company Directors Experience and expertise: Mark is a Chartered Accountant and a member of the Australian Institute of Company Directors. Mark has 45 year career in the resources sector and corporate services. As Managing Director, he spearheaded Auric's march to an ASX listing and on a day-to- day basis has particular responsibility for Group strategy, financial management, corporate development and acquisition opportunities. Other current directorships: None Former directorships (last 3 years): None Interests in shares: 9,145,940 ordinary shares of Auric Mining Limited Interests in options vested: 300,000 options of Auric Mining Limited expiring 31 January 2029 @ $0.225 Interests in options unvested: 481,250 options expected 5 years post hurdle 30 April 2030 @ $0.30 481,250 options expected 5 years post hurdle 30 June 2031 @ $0.40 416,667 options expected 5 years post hurdle, Expiry date: 5 years from the issue date of the options @ exercise price: 5-day VWAP at the time of issue Auric Mining Limited and controlled entities Directors' report 31 December 2025 8 Name: John Peter Utley Title: Technical Director Qualifications: Master of Earth Sciences (University of Waikato, New Zealand) Member of the Australian Institute of Mining and Metallurgy Member of the Australian Institute of Geoscientists Experience and expertise: John has a 40 year career in mining and exploration, principally gold sector. 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 2.3M ounce Centenary gold deposit. Other current directorships: None Former directorships (last 3 years): None Interests in shares: 7,184,999 ordinary shares of Auric Mining Limited Interests in options vested: 412,500 options of Auric Mining Limited expiring 31 January 2029 @ $0.225 Interests in options unvested: 481,250 options expected 5 years post hurdle 30 April 2030 @ $0.30 481,250 options expected 5 years post hurdle 30 June 2031 @ $0.40 416,667 options expected 5 years post hurdle, Expiry date: 5 years from the issue date of the options @ exercise price: 5-day VWAP at the time of issue Name: Catherine Kah Yan Yeo Title: Company Secretary and Finance Qualifications: Bachelor of Business in Accounting and Finance (Murdoch University) Certificate in Governance Practice (Governance Institute of Australia) Affiliated Member (Governance Institute of Australia) Experience and expertise: Catherine is the Company Secretary and Finance Executive. Catherine manages all the administration and finance functions at Auric Mining. She holds a Bachelor of Business in Accounting and Finance from Murdoch University and is an Affiliate Member of the Governance Institute of Australia. Prior to joining Auric, Catherine gained valuable experience at an accounting firm in Perth. Catherine is a multilingual executive with superior language skills in English, Chinese and Malay. Meetings of Directors The number of meetings of the Company's Board of Directors ('the Board') held during the year ended 31 December 2025, and the number of meetings attended by each Director were: Full Board Attended Held Steven Morris 7 7 Mark English 7 7 John Utley 7 7 Held: represents the number of meetings held during the time the Director held office. All other matters requiring approval by the Directors, have been approved by Circular Resolution. Auric Mining Limited and controlled entities Directors' report 31 December 2025 9 Remuneration report (audited) Remuneration Policy The remuneration policy of the Group has been designed to align key management personnel (KMP) objectives with shareholder and business objectives by providing a fixed remuneration component and a performance component. The Board of the company believes the remuneration policy to be appropriate and effective in its abil