Announcement PDF A S X A nn oun c em en t auricmining 6 September 2024 ASX: AWJ | ACN 635 470 843 Spargoville Project Aircore Drilling Results HIGHLIGHTS • Spargoville aircore drilling program completed with 71 holes drilled for 2,259 metres. • Fugitive and Anomaly 37 Prospects confirmed as first order targets for RC drilling. • Aircore results include: • 4m @ 2,794ppb Au (2.79g/t Au), including 1m @ 10,182ppb Au (10.2g/t Au) • 22m @ 246ppb Au and • 11m @ 303ppb Au THE ANNOUNCEMENT Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide an update following the completion of drilling and receipt of assay results for the Company’s Spargoville Project near Widgiemooltha, Western Australia. The drilling program was completed in July 2024 with 71 aircore holes drilled for 2,259m (Figure 1). Aircore holes were drilled in east-west traverses across distinct gold anomalies defined by soil-auger sampling in both E15/1688 and E15/1689. Best results were returned from drilling into two large soil-auger gold anomalies within E15/1688; one representing the Fugitive Prospect and the other, referred to as the Anomaly 37 Prospect. Results from the Fugitive Prospect include: • • • AAC0488; 4m @ 2,794ppb Au (2.79g/t Au), including 1m @ 10,182ppb Au (10.2g/t Au) AAC0484; 22m @ 246ppb Au and AAC0485; 11m @ 303ppb Au Results from the Anomaly 37 Prospect include: • AAC0475; 5m @ 275ppb Au page | 1 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) The latest aircore results and recent RC drilling results from the Fugitive Prospect (ASX:AWJ Announcement dated 4 June 2024) reaffirm the potential within E15/1688 in particular and provide further incentive to undertake deeper RC drilling in the Fugitive and Anomaly 37 Prospects. Figure 1. Spargoville aircore drill holes relative to soil auger gold anomalism and grey scale magnetic image. page | 2 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Program and Results A total of 71 aircore holes were drilled by Kalgoorlie-based Kennedy Drilling in July. Holes were drilled in traverses across distinctive gold anomalies defined by auger sampling within two tenements; E15/1688 and E15/1689 (Figure 1). Eighteen of the aircore holes infilled gaps in drilling in the soil-auger anomaly defining the Fugitive Prospect. Samples were taken at 1m intervals and combined using a hand-held scoop into 4m composites for gold analyses via 25g aqua regia digest and mass spectrometer finish. The bottom of hole composite for each hole was also submitted for analysis of Au and a suite of 48 other elements via a 4-acid digest and ICP MS finish. Composite samples returning 100ppb Au (0.1g/t Au) or more were resampled as single metre intervals. Fifty of the 1m samples returned assays of 100ppb Au (ie, 0.1g/t Au) or more. They are recorded as composite intervals in Table 1. Drill hole details are recorded in Table 1. Significant gold intersections at 100ppb cut-off Hole ID From (m) To (m) Downhole Interval (m) Au (ppb) AAC0437 9 10 1 100 AAC0475 45 50 5 275 AAC0477 30 31 1 271 AAC0477 33 34 1 140 AAC0477 40 41 ! 1 164 AAC0482 32 36 4 367 AAC0482 Incl. 33 34 1 991 AAC0484 34 56 ! 22 246 AAC0484 Incl. 41 42 1 993 AAC0484 And Incl. 52 53 1 527 AAC0485 23 34 ! 11 303 AAC0485 Incl. 23 25 2 979 AAC0488 24 28 4 2794 AAC0488 Incl. 27 28 1 10,182 AAC0489 29 32 3 244 AAC0496 32 34 2 339 AAC0496 Incl. 32 33 1 514 AAC0496 48 51 3 135 ! Bottom of Hole page | 3 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Best results were returned for two infill traverses drilled within the Fugitive Prospect (Figure 2). Those results included: • • • AAC0488; 4m @ 2,794ppb Au (2.79g/t Au), including 1m @ 10,182ppb Au (10.2g/t Au) AAC0484; 22m @ 246ppb Au to bottom of hole AAC0485; 11m @ 303ppb Au Figure 2. Fugitive Prospect aircore drill holes relative to soil auger gold anomalism. page | 4 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) The anomalous intersections are shown in cross section (Figures 3 and 4) where they are hosted within a basalt unit approximately 100m to 125m in width, sandwiched between sediments on one side and ultramafics on the other. The aircore holes are restricted to weathered rock and it is likely that some or most of the gold mineralization represents supergene dispersion around a steep-dipping primary source or sources. As suggested previously (see ASX:AWJ announcement dated 4 June 2024), deeper RC drilling beneath the aircore drilling should be undertaken to target the mineralized zone in fresh rock 75m to 100m and more below surface. Figure 3. Fugitive Prospect 6,535,140N cross section. page | 5 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Figure 4. Fugitive Prospect 6,635,040N cross section. Four holes were drilled in a traverse infilling a gap in drilling over a prominent soilauger gold anomaly (Anomaly 37) in the northern part of E15/1688 (Figure 5). The gold anomaly, centred at around 6,537,000N is referred to as Anomaly 37. The aircore holes returned distinctly anomalous intervals in saprolite over basalt (AAC0475; 5m @ 275ppb Au) and in saprolite over ultramafics (AAC0477; 1m @ 271ppb, 1m @ 1400ppb and 1m @ 164ppb Au to bottom of hole). page | 6 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Figure 5. Anomaly 37 Prospect aircore drill holes relative to soil auger gold anomalism. Next Steps • • Geological interpretation of the Anomaly 37 Prospect RC drilling at the Fugitive and Anomaly 37 Prospects to test interpreted zones of gold mineralisation in fresh rock beneath the current drilling which is predominantly aircore. A heritage survey was recently completed allowing for RC drilling at both prospects. page | 7 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) ABOUT AURIC MINING Auric Mining was established to explore for and develop gold and other mineral deposits in the Widgiemooltha-Norseman area, of Western Australia. Auric has four projects (Figure 6): The Widgiemooltha Gold Project & Munda Gold Deposit The Widgiemooltha Gold Project (“WGP”) located near the town of Widgiemooltha combines 23 tenements, including 5 granted Mining Leases. All tenements are highly prospective for gold mineralisation. This includes the Munda Gold Deposit where a trial open pit is currently in the permitting phase. The Chalice West Project The Chalice West Project is adjacent to the Chalice Mine, a mine that produced almost 700,000 ounces of gold and combines 4 tenements. It covers 245km², including geology mirroring the Chalice Mine and is approximately 50km northwest of Norseman. The Jeffreys Find Project The Jeffreys Find Project is 50km northeast of Norseman and combines 2 tenements including 1 granted Mining Lease. It holds the Jeffreys Find gold deposit. The gold mineralisation extends from the surface to at least 110m in vertical depth and is thickest near the surface. Mining of the second stage open pit is currently underway. The Spargoville Project The Spargoville Project is located 30km north of Widgiemooltha and combines 7 tenements. It includes the same stratigraphy, along strike from the Wattle Dam Gold Mine which produced 268,000oz gold @ 10g/t from 2006-13; one of Australia’s highest-grade mines at that time. Summary Auric now has tenements covering 346km². Auric holds the rights to gold on all of its tenements. Further, at Munda it holds all mineral rights except nickel and lithium in part of the tenement. At Jeffreys Find, Chalice West, Spargoville tenements and two recent WGP applications, Auric owns 100% of all mineral rights. page | 8 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Figure 6. Auric’s projects in the Widgiemooltha-Norseman area. page | 9 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) COMPLIANCE STATEMENT The information in this announcement that relates to exploration targets and exploration results is based on and fairly represents information and supporting documentation compiled by Mr John Utley, who is a full-time employee of Auric Mining Limited. Mr Utley is a Competent Person and a member of the Australian Institute of Geoscientists. Mr Utley has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Utley consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. This announcement has been approved for release by the Board. Corporate Enquiries Mark English Managing Director Auric Mining Limited +61 409 372 775 menglish@auricmining.com.au Follow our communications Subscribe: auricmining.com.au page | 10 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Aircore Drill Hole Details Hole_ID AAC0426 AAC0427 AAC0428 AAC0429 AAC0430 AAC0431 AAC0432 AAC0433 AAC0434 AAC0435 AAC0436 AAC0437 AAC0438 AAC0439 AAC0440 AAC0441 AAC0442 AAC0443 AAC0444 AAC0445 AAC0446 AAC0447 AAC0448 AAC0449 AAC0450 AAC0451 AAC0452 AAC0453 AAC0454 AAC0455 AAC0456 AAC0457 AAC0458 AAC0459 AAC0460 AAC0461 AAC0462 AAC0463 AAC0464 AAC0465 AAC0466 AAC0467 AAC0468 AAC0469 AAC0470 AAC0471 AAC0472 Type AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC Hole Depth (m) 28 58 33 46 60 41 51 52 55 48 58 68 72 65 19 28 24 25 47 1 7 14 15 33 32 39 35 46 35 28 37 44 41 43 50 47 37 56 54 20 2 17 26 19 34 33 56 MGA_East 355101 355058 355016 354983 354941 354900 355057 355016 354977 354940 355382 355343 355300 355262 354993 354962 354920 354879 355021 354981 354946 354901 354845 355422 355384 355340 355306 355263 355433 355405 355360 355325 355279 355241 355199 355115 355077 355046 355001 354962 354923 354882 354838 354803 354701 354739 354779 MGA_North 6530058 6530063 6530055 6530060 6530061 6530060 6529950 6529963 6529963 6529958 6528960 6528966 6528961 6528950 6529060 6529068 6529069 6529060 6529168 6529169 6529169 6529166 6529179 6529457 6529456 6529462 6529456 6529460 6529360 6529360 6529358 6529359 6529360 6529364 6529368 6529265 6529257 6529259 6529244 6529259 6529261 6529259 6529269 6529264 6529760 6529753 6529755 Orig_RL 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 350 Dip -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 -90 MGA_Azi 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 360 page | 11 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 AAC0473 AAC0474 AAC0475 AAC0476 AAC0477 AAC0478 AAC0479 AAC0480 AAC0481 AAC0482 AAC0483 AAC0484 AAC0485 AAC0486 AAC0487 AAC0488 AAC0489 AAC0490 AAC0491 AAC0492 AAC0493 AAC0494 AAC0495 AAC0496 AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC AC 35 30 61 50 41 3 32 24 44 41 36 36 35 17 36 49 55 2 2 24 4 4 36 53 Auric Mining Limited (ACN 635 470 843) 354816 354863 352264 352343 352378 352417 353043 353027 353006 352987 352969 352947 352924 352909 353044 353026 353005 352983 352968 352949 352930 352910 353154 353118 6529762 6529751 6536926 6536939 6536943 6536937 6535138 6535139 6535140 6535141 6535139 6535142 6535142 6535140 6535039 6535041 6535038 6535038 6535037 6535040 6535039 6535041 6534751 6534878 350 350 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 400 -90 -90 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 -60 360 360 270 270 270 270 90 90 90 90 90 90 90 90 90 90 90 90 90 90 90 90 90 90 page | 12 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) APPENDIX B: Aircore Drilling-JORC Table 1 Checklist Section 1 Sampling Techniques and Data (Criteria in this section apply to the succeeding section) Criteria JORC Code explanation Commentary Sampling techniques Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling. Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (eg ‘reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay’). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information. • Air core drilling used to obtain 1m samples via a rig-mounted cyclone and bucket with each sample placed in an individual pile. An approximately 2.5kg sample was then obtained using a small scoop and sampling from individual piles to produce composite 4m samples except where the end of hole restricted the composite to 3m or less Drilling techniques Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, facesampling bit or other type, whether core is oriented and if so, by what method, etc). • All Auric aircore drilling by face-sampling blade bit with a drill bit (hole) diameter of approximately 121mm. • Holes drilled to ‘refusal’ ie depth at which blade bit can no longer penetrate which ranged from 1m to 104m Drill sample recovery Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximize sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have • Drill sample recovery varied depending on ground conditions but was generally good and consistent after the first few metres. • There is no evidence of sample bias page | 13 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) occurred due to preferential loss/gain of fine/coarse material. Logging Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography. The total length and percentage of the relevant intersections logged. • All chips were logged at 1m intervals corresponding to the sample intervals and according to Auric’s coding system • The drilling and sampling technique is appropriate for early stage exploration but will not be used to support mineral resource estimation, mining studies and metallurgical studies. • The logging is qualitative in nature • Chips were not photographed but selected chips from the bottom of hole sample have been retained in compartmentalised chip trays • The total length logged is 2,529m which is 100% of the drilled intervals Subsampling techniques and sample preparation If core, whether cut or sawn and whether quarter, half or all core taken. If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry. For all sample types, the nature, quality and appropriateness of the sample preparation technique. Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. Whether sample sizes are appropriate to the grain size of the material being sampled. • Samples were taken using a small tubelike scoop. Samples were mostly dry but damp and wet intervals were encountered and have been recorded • The sampling technique is appropriate to the early-stage style of exploration – relative levels of gold anomalism are assessed to gauge the potential for a gold deposit in the drill hole vicinity. Other elements were assessed but have not so far proved useful as gold pathfinders • No duplicate samples were taken but industry standards were submitted at the ratio of 1 in 27 samples Quality of assay data and laboratory tests The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established. • Composite samples were analysed by Intertek Genalysis for gold via Aqua Regia digest of a 25g sample aliquot and Mass Spectrometry reading of gold concentrations. The technique is considered a partial digestion technique but is generally effective in the weathered profile as drilled by aircore. • Bottom of hole samples, representing between 1m and 4m drill hole length, were analysed by Intertek Genalysis for Au plus a suite of 48 other elements via a 4-acid digest and Inductively Coupled Plasma Mass Spectrometry The 4 Acid digest provides only a partial digest for 18 of the 48 elements analysed and is considered to be a total digest for the remainder. • In addition to standards submitted by page | 14 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Auric, the laboratory (Intertek Genalysis) analysed standards and blanks inserted with each fire assay batch Verification of sampling and assaying The verification of significant intersections by either independent or alternative company personnel. The use of twinned holes. Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. Discuss any adjustment to assay data. • Anomalous assays have been verified by alternative Auric personnel • No adjustment has been made to assay data Location of data points Accuracy and quality of surveys used to locate drill holes (collar and downhole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. Specification of the grid system used. Quality and adequacy of topographic control. • Hole collar positions were located using a hand-held GPS referenced to MGAGDA94, Zone 51and are accurate to within 5m • Most holes were drilled vertical. Angled holes were drilled at -60˚ inclination. Hole azimuth and dip was measured at surface using a compass and inclinometer • The hand-held GPS was used to define collar elevation for some holes and an arbitrary elevation was applied to others. This is appropriate to early-stage exploration. Topographic control will be established where the potential for economic mineralisation is demonstrated Data spacing and distribution Data spacing for reporting of Exploration Results. Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Whether sample compositing has been applied. • Drill holes were nominally spaced at 40m along traverses except in the Fugitive Prospect where a nominally 20m spacing was used • The holes and data will not be used for mineral resource estimation • Samples were composited at the drill site to 4m intervals in places reducing to between 1m and 3m for the final ‘bottom-of-hole sample Orientation of data in relation to geological structure Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material. • Drilling is at an early stage and the orientation of possible structural controls on mineralisation is not known Sample security The measures taken to ensure sample security. • Auric personnel were present during all drilling and sampling and individual page | 15 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) samples were bagged and sealed in larger polywoven bags with no opportunity for tampering. • Samples were transported to the lab by Auric personnel Audits or reviews The results of any audits or reviews of sampling techniques and data. • There have been no reviews of sampling techniques and data related to the current program page | 16 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) Section 2 Reporting of Exploration Results (Criteria listed in the preceding section also apply to this section) Criteria JORC Code explanation Commentary Mineral tenement and land tenure status Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings. The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area. • Air core drilling was conducted on E15/1688 and E15/1689, both of which are held by Spargoville Minerals Pty Ltd, a wholly-owned subsidiary of Auric Mining Ltd. • There are no known impediments to obtaining a licence to explore or mine in the area beyond routine compliance requirements Exploration done by other parties Acknowledgment and appraisal of exploration by other parties. • Auric have undertaken auger sampling within E15/1689 to complement earlier auger sampling by Breakaway resources • All drilling within the Spargoville project prior to the current RC program was undertaken by other parties including 117 air core and RAB holes and 12 RC holes drilled by Ramelius Resources, Tychean Resources and Breakaway Resources. Geology Deposit type, geological setting and style of mineralisation. • The ultramafic-hosted Wattle Dam Au deposit, 8km to the south of the Fugitive Prospect and the sediment-hosted Spargos Reward Au deposit 8km to the north occur in similar stratigraphy and lithologies to those found in the Spargoville tenements and similar, shearhosted deposits are sought in the Spargoville tenements. Drill hole Information • A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes: o easting and northing of the drill hole collar o elevation or RL (Reduced Level – elevation above sea level in metres) of the drill hole collar o dip and azimuth of the hole o down hole length and interception depth o hole length. If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the • Refer to: Table 1 – Significant gold intersections at 100ppb Au cutoff Appendix A – Aircore Drill Hole Details page | 17 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Auric Mining Limited (ACN 635 470 843) understanding of the report, the Competent Person should clearly explain why this is the case. Data aggregation methods In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated. Where aggregate intercepts incorporate short lengths of highgrade results and longer lengths of low-grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail. The assumptions used for any reporting of metal equivalent values should be clearly stated. • Samples were collected at 1m intervals – and composited to 4m intervals except for some shorter bottom-of-hole intervals • 4m composites that returned values of 100ppb Au or greater were resplit at 1m intervals. • The resulting composite grades (‘significant assays’) are calculated by averaging grades above a 100ppb cutoff with up to 3m internal dilution Relationship between mineralisation widths and intercept lengths These relationships are particularly important in the reporting of Exploration Results. If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported. If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg ‘down hole length, true width not known’). • Gold anomalism defined at a 100ppb cutoff likely represents a combination of supergene and primary mineralisation such that true widths of mineralisation are not known Diagrams Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views. • Refer to Figures 1-5 Balanced reporting Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results. • Reporting is balanced – only anomalous gold values at a 100ppb cutoff are tabulated and this is acknowledged Other substantive exploration data Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances. • The air core program represents earlystage exploration. Likely links between anomalous values and geological features (particularly lithologies) have been described but are speculative page | 18 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au ASX Announcement 6 September 2024 Further work The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling). Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive. Auric Mining Limited (ACN 635 470 843) • The aircore results have enhanced the apparent prospectivity of the Fugitive Prospect and of an area to the north, currently referred to as the Anomaly 37 Prospect. In both prospects, RC drilling will be used to test the potential for Au mineralisation in fresh rock page | 19 +61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, Ea