Munda Mining Progresses - First Blast
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
19 JUNE 2025
Munda Gold Mine
Mining Progresses: First Blast
Highlights
•
First blast 17 June 2025.
•
Mining is well underway in Starter Pit.
•
Approximately 70,000 BCM mined in first month.
•
Largely free-dig to date.
•
Site preparation for Waste Dump and ROM pads completed.
Management Comment
Managing Director, Mark English, said:
“It’s a momentous time in our progression and development of the Company, we
are delighted.
“Mining is in full swing and all activities are progressing as we expected. Nothing is
holding us back. We are achieving our targets and are exactly where we expected
to be in the mine development.
“We are pleased to be monetising our major asset in such a bullish gold market, the
timing is excellent. It is a great place to be as an unhedged gold producer,” 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
19 JUNE 2025
Photo 1: Munda Pit. Photo: 21 May 2025.
Photo 2: Digging at Munda. Photo: 31 May 2025.
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
19 JUNE 2025
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide an
update on mining of the Starter Pit at the Munda Gold Mine, 5km from
Widgiemooltha, Western Australia.
Approximately 70,000 BCM (Bank Cubic Metres) of material have been mined at
Munda over the first 4 weeks of operations from a pit design encapsulating 380,000
BCM. Mining to this stage has been largely free-dig with the first blast completed 17
June 2025.
Auric personnel are utilising a dry hire fleet comprising a 125t excavator and four 40t
articulated ‘Moxi’ dump trucks together with relevant ancillary equipment.
Both RC grade control and blast hole drilling, together with blast supervision is
managed by Kalgoorlie-based Total Drilling Services Pty Ltd.
The Company has estimated that approximately 125,000 tonnes of ore will be
extracted from the Starter Pit at a grade of 1.8g/t Au 1. Most of that ore will be mined
toward the base of the Starter Pit, during the last two months of operations. The
Starter Pit is scheduled for completion in October.
Munda has an estimated resource of 145,000 ounces of gold at a 0.5g/t cut-off 2.
Once the Starter Pit is finished Auric expects to complete detailed planning for a
larger pit, to commence in 2026.
The Company is fully funded to mine the Starter Pit at Munda from the proceeds of
gold sales from the Jeffreys Find Gold Mine near Norseman.
Photo 3: Matthew setting up base station. Photo: 15 June 2025.
1 (ASX: AWJ) 12 December 2024. Munda Gold Deposit Starter Pit Ore Reserve
2 (ASX: AWJ)12 December 2024. Updated Resources for Munda Gold Deposit
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
19 JUNE 2025
Compliance Statement
Information on the Resource Estimates for Munda is extracted from the report
Munda Gold Deposit Updated Mineral Resources Precursor to Starter Pit Mining
announced to the ASX on 12 December 2024 and is available to view on the
Company’s 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 announcement and that all material assumptions
and technical parameters underpinning the estimates in the relevant market
announcement 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
announcement.
Information on the Ore Reserve for the Munda Starter Pit is extracted from the report
Munda Gold Deposit Starter Pit Ore Reserve announced to the ASX on 12 December
2024 and is available to view on the Company’s 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 announcement
and that all material assumptions and technical parameters underpinning the
production target and the forecast financial information derived from the
production target in the relevant market announcement 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 announcement.
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.
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
19 JUNE 2025
This announcement has been approved for release by the Board of Auric Mining Ltd.
Corporate Enquiries
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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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