Investor Presentation
Released
Released
Announcement PDF
auricmining.com.au
Our Quest To Find and
Mine One Million
Ounces of Gold
August 2025
2
Right Commodity
• Jeffreys Find Gold Mine
• Widgiemooltha Gold Project
Munda Gold Mine
Widgiemooltha Project
Loded Dog Tenements
• Lindsay’s Project*
• Spargoville Project
• Chalice West Project
• Burbanks Gold Facility*
* Subject to settlement
* Subject to settlement
3
Right Place
• Tenements between Kalgoorlie and
Norseman in the heart of the
Goldfields of Western Australia, a
world class address.
Auric Mining
Projects
Brisbane
Kalgoorlie
Perth
Sydney
• Excellent infrastructure and support
services in the region for gold mining.
• Outstanding location for mining
investment based on mineral
potential.
• Six granted Mining Leases
Melbourne
3
4
Right Structure
At 30 June 2025
185.98
million
1,385
Shares on issue
Number of shareholders
11.55
46%
million
Unlisted Options on issue
$29.75
million
Market Cap
Top 20 shareholders
Directors 12%
$11.3
million
Cash at Bank/Debtors/Investments
34%
54%
Shareholders
on grouped
basis
12%
Top 20 - excluding Directors
Top 20 - Directors
Other Shareholders
5
Right Leaders
A Board with a track record of successful gold discovery, development and
production, that has grown Auric into a highly profitable gold producer.
Steven Morris
Mark English
John Utley
Steven has over 25 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.
Mark has a Bachelor of Business degree, is a
Chartered Accountant, member of the Australian
Institute of Company Directors, fellow of the
Australian Institute of Chartered Accountants, and
with a 45-year career in the resources sector and
in corporate services.
Steven spent nine years on the board of the
Melbourne Football Club. Steven was a NonExecutive Director of De Grey Mining Ltd (“DEG”)
from 2014 to 2019 and Chairman of ASX-listed
Purifloh Ltd (“PO3”) from 2013 to 2019.
As Managing Director he spearheaded Auric’s
march to an ASX listing and on a day-to-day basis
has particular responsibility for Company strategy,
financial management, corporate development
and acquisition opportunities.
Co-founder John holds a Master’s
degree in earth sciences from the
University of Waikato in New Zealand,
with a 40 year career in mining and
exploration focussed on the gold sector, and a
member of the Australian Institute of Geoscientists
(AIG) and the Australian Institute of Mining and
Metallurgy (AusIMM).
Currently, Steven serves as a Non-Executive
Director at EverGreen Lithium (ASX:EG1).
As co-founder and Managing Director of Auric,
Mark has been actively involved in all business
activities since inception.
Non-Executive Chairman
Managing Director
Technical Director
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 at
Darlot Gold Mine, during the discovery and
development of the 2.3 million ounce Centenary
gold deposit.
6
Right Management
A skilled on-ground leadership team overseeing the safe, efficient and
productive operations at Munda Gold Mine.
Mark Lewis
Munda Gold Operation – Site Senior Executive
Mark began his mining career in 1992 with Eltin
Contracting, gaining practical experience across a wide
range of mining equipment including blast hole drills and
large excavators. Over a career spanning more than 30
years, he has contributed to gold, copper, bauxite, rare
earth, manganese, and iron ore projects across Australia.
Mark has held progressive leadership roles since 1997,
including Drill and Blast Supervisor, Production
Coordinator, Team Leader, Deputy Quarry Manager, Mine
Manager, Registered Manager, and Open Pit
Superintendent. His deep operational expertise and
leadership make him a cornerstone of the Munda Gold
Operation.
Mark holds multiple industry-recognised qualifications,
including Site Senior Executive and Quarry Manager.
Robert Walker
Munda Gold Operation – Site Senior Executive
Rob is a seasoned mining executive with over 50 years of
experience in the industry. Throughout his career, he has
privately owned and operated mining and processing
operations in Western Australia and held senior
management positions with publicly listed companies.
Rob brings a wealth of open pit mining experience across a
wide range of commodities including gold, copper, nickel,
lithium, and mineral sands. He has led numerous project
studies and has been actively involved in the assessment,
acquisition, and development of mining projects both in
Australia and internationally.
Rob’s recent leadership roles include General Manager
Operations at Tanami Gold NL (3 years), Resident Manager
at Central Norseman Gold Mines (4 years), Mining
Manager at Westgold Murchison Operations (2 years), and
General Manager at Karora Resources’ Beta Hunt
Operations (3 years).
7
Milestones
Aug 2019
Incorporated
Sep 2020
Acquisition of Jeffreys Find from Mincor
Acquisition of Munda from Estrella Resources
Feb 2021
Listed on the ASX
Jun 2021
Acquisition of Gold rights from Neometals
Aug 2022
Execute mining agreement with BML Ventures
May 2023
Commenced mining at Jeffreys Find
Dec 2023
Auric banks $4.76 million from Stage One Mining at Jeffreys Find
Mar 2024
Auric banks $8.1 million from Stage Two Mining at Jeffreys Find
Nov 2024
Munda grade control drilling commences
May 2025
Mining commences at Munda Gold Mine
July 2025
Auric signs toll milling agreement for Munda with Black Cat Syndicate
July 2025
Auric acquires 7 tenements at Higginsville from Loded Dog
We’ve been a
remarkable
gold story
In rapid time Auric has proven to be a
remarkable gold company. Listed in February
2021 Auric has moved quickly to capitalise on
its assets and is now a gold producer in the
heart of WA’s Goldfields.
8
Jeffreys Find Gold Mine
•
Short-life mine has generated more than
$120 million in gold sales.
•
Auric total cash cost on acquisition
development and all associated costs is
approximately $1.5 million.
•
Auric splits all surplus cash with BML
Ventures Pty Ltd on a 50:50 basis.
•
Total estimated project cash surplus to Auric
from project of between $14 million to $15
million.
•
Final toll milling completed August 2025.
•
Final cash distributions due in Q3/2025.
Stage One: 2023
Gold Sold
9,746 ounces
Gold Sales
A$29.29 million
Average Sale Price/Ounce
A$3,006
Cash to Auric
A$4.76 million
Stage Two: 2024/25 To Date
Gold Sold
17,901 ounces
Gold Sales to Date
A$72.3 million
Average Sale Price/Ounce
A$4,024
Cash to Auric to Date
A$8.1 million
Estimated Final Cash to Auric
A$9.5 million - $10.0 million
9
Munda Starter Pit
•
The Munda Gold Mine is presently Auric’s major
asset. It has a mineral resource of 145,000 ounces
of gold.¹
•
A starter pit now underway has a production target of
125,000 tonnes of ore at 1.8 g/t Au. Estimated to
produce around 6,100 ounces of gold.²
•
Starter Pit commenced 7 May 2025.
•
Gold price around A$5,000 an ounce means robust
Project economics.
•
Toll Milling agreement signed with Black Cat
Syndicate for processing at Lakewood.
•
First toll scheduled October 2025.
¹ Appendix 2
² Appendix 1
11
Munda Grade control
drill program on
5m x 5m grid pattern
over Starter Pit
•
Highlighted in white is the grade
control drilling program on a 10m x
10m grid pattern completed in
January 2024.
•
Highlighted in dark red is the 5m x
5m grid pattern for grade control
drilling. More than 400 holes were
drilled in the pre-mining program
completed in February 2025.
•
On-going grade control to complete
the 5m x 5m pattern as mining of
the Starter Pit progresses.
12
Numerous high-grade intersections highlight
the enormous potential at the Munda Gold Deposit
Munda Gold Mine 6 August 2025.
Hole ID
From (m)
To (m)
Length
(m)
Au (g/t)
Grade x
Length
EMD002
102
148
46.00
8.40
386.2
MIRC004
51
52
1.00
321.00
321.0
MND1406
53
70
17.00
17.65
300.1
MGCR0401
8
24
16.00
12.54
200.6
MGCR0057
18
27
9.00
21.37
192.3
AMRC012
60
73
13.00
14.62
190.1
MND1405
72
83
11.00
16.51
181.6
MND1417
111
130
19.00
9.29
176.6
MND1508
96
114
18.00
9.09
163.6
MND1407
70
76
6.00
26.98
161.9
MIRC009
46
51
5.00
31.23
156.2
MIRC014
40
48
8.00
16.07
128.5
MND1636
94
100
6.00
20.44
122.6
MND1628
5
17
12.00
9.65
115.8
MND1669
47
61
14.00
7.18
100.5
12
(Intersections greater than 100 gram x metres per tonne)
Spargoville Project
• Fugitive Prospect & Anomaly 37 have emerged as highly
prospective targets for further drilling.
• The assets sit north of and close to the Wattle Dam Gold Mine –
a high grade mine which produced 267,000 ounces of gold at an
average of 10.6g/t between 2006 and 2012 for Ramelius
Resources.¹
• The Spargoville tenements also sit just south of Spargos Reward,
owned by Westgold Resources, which produced 37,439 ounces
of gold at 3.1g/t Au between 2021 and 2022.²
• The anomalous core to the Fugitive Prospect extends over 700m
length.
Hole ID
Fugitive - Best results (Auric drill holes)
ASRC021
ASRC016
ASRC014
ASRC023
ASRC012
2m @ 10.69g/t Au from 81m
1m @ 12.1g/t Au from 132m
9m @ 0.99g/t Au from 73m
7m @ 4.88g/t Au from 45m, including 3m @ 10.36g/t from 48m
13m @ 1.35g/t Au from 58m
¹ Astral Resources Website 2025, https://maximusresources.com/wattle-dam
² Westgold Resources Limited 2024: NI 43-101 Technical result, Higginsville Gold Deposit, Eastern Goldfields, WA.
Loded Dog Tenements
• Auric has added to its holdings around Higginsville with the
purchase of eight tenements for $475,000 plus milestone
payments and royalties.
• Numerous gold deposits, periodically mined in the area, close
to the 1 million+ ounce Trident deposit.¹
• Excellent strategic location and complementary to our existing
land holdings. Significant exploration potential with AC & RC
drilling programs planned for 2025.
Significant assays at a 0.5g/t cut-off from Amorphous include:
Hole ID
Hole Type
AMC0007
AMR0013
AMR0015
RC
RAB
RAB
Results
2m @ 10.27g/t Au from 28m
2m @ 8.63g/t Au from 22m
5m @ 5.16g/t Au from 18m
Significant assays at a 0.5g/t cut-off from Foote’s Find include:
Hole ID
FFP0010
FFRC001
FFRC002
Hole Type
RC
RC
RC
Results
3m @ 4.65g/t Au from 30m
3m @ 4.99g/t Au from 41m
4m @ 3.06g/t Au from 31m
¹ Westgold Resources Limited 2024: NI 43-101 Technical result, Higginsville Gold Deposit, Eastern Goldfields, WA.
15
Burbanks
Gold Facility
•
Auric is buying the Burbanks Gold Processing
Facility at Coolgardie for $4.4 million.
Settlement expected late September 2025.
•
Main infrastructure benefits include power,
water, granted mining leases, permits and
location.
•
Accelerated development timeline and
reduced capital outlay by leveraging existing
infrastructure.
•
Technical and feasibility studies will be
conducted in 2025/2026 to determine
parameters for a mill refurbishment or rebuild.
Lindsay’s Project
•
Binding term sheet executed. Project has
various mining plaints. Settlement expected
October 2025.
•
Located 50km northeast of Kalgoorlie, WA.
•
Project comprises 8 tenements and includes
partially mined Parrot Feathers gold deposit.
•
Potential for near term, open pit gold mining
and toll treatment.
•
Total purchase price $4 million. Cash
component $2 million plus $2 million in shares
(subject to escrow) plus royalties.
•
Once settlement completed, commence
planning of mining activities.
17
Key Financial Information
Auric Mining Limited
Financial
Year
2023¹
Financial
Year
2024²
Estimated
Financial Year
2025
Proforma³
Total Revenue
$4,791,631
$8,453,164
$22,000,000
Net Profit Before Tax
$1,313,644
$4,098,978
$11,000,000
Adjusted Net Profit Before
Tax (after major non-cash
adjustments)
$2,845,638
$5,722,478
$12,500,000
Total Assets
$13,309,332
$21,621,856
$32,000,000
¹ Financial Statements: ASX Ann 23 March 2024
Total Equity
$11,933,257
$17,937,048
$30,000,000
² Financial Statements: ASX Ann 31 March 2025
³ Current Estimates based on A$5,000 gold price per ounce
18
Short Term Strategy
•
Process final 60,000t from Jeffreys Find Q3/2025 –
target 1,800 ounces.
•
Complete Starter Pit mining at Munda in Q4/2025.
•
Gold sales target 6,100 ounces from Munda in
Q4/2025 to Q1/2026.
•
Acquire Burbanks Gold Facility. Commence planning
and Mill refurbishment or upgrade: Q3/2025 to
Q2/2026.
•
Complete Lindsay’s acquisition, publish resource
estimates, mine planning and permitting: Q4/2025 to
Q2/2026.
•
Focused drilling campaigns at Loded Dog and
Spargoville: Q3/2025 to Q1/2026.
•
Short term production target of 7,500 to 8,250 ounces.
19
Medium Term Strategy
•
Mine the Munda gold resource in 2026 to 2028.
•
Expand resources at Lindsay’s. Mine the Lindsay’s
Project.
•
Refurbish Burbanks with aim of processing Auric ore from
2028 onwards.
•
Grow resources at Munda and Lindsay’s to 300,000+
ounces.
•
Exploration and resource definition at Loded Dog and
Spargoville to add additional ounces.
•
Rapidly grow resource base via exploration or acquisition
with the aim of building to 500,000 ounces by December
2028.
20
Company Vision
• Remain in Kalgoorlie Tier One gold
jurisdiction.
• Remain gold-focused.
• Rigorously explore our tenement
package.
• Expand gold assets via exploration or
acquisition.
• Control our destiny from exploration to
production.
21
Appendix 1: Compliance Statement & ASX Announcements
The information in this presentation relating to exploration results, production targets and
mining production is extracted from the following announcements all of which are available
to view on the Auric 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 announcements. 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 announcements.
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 10 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 10 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 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.
Date of
Announcement
Announcement Heading
18 November 2020
Independent Geologists Report in Auric Mining Limited Prospectus
25 November 2024
Spargoville Project Encouraging RC Drilling Results
12 December 2024
Munda Gold Deposit Starter Pit Ore Reserve
24 December 2024
Conditional Acquisition of Burbanks Gold Processing Facility
24 February 2025
Jeffreys Find Gold Mine Gold Sales Exceed $100 Million
25 February 2025
Auric To Acquire Loded Dog Tenements Proximal To Higginsville Gold
Deposits
27 February 2025
Auric Executes Binding Agreement To Purchase Lindsays Project
13 March 2025
Due Diligence Completed Auric To Acquire Burbanks Facility
1 April 2025
Lindsay’s Gold Project Due Diligence Period Extended
8 April 2025
Loded Dog Tenements Stage One Settlement Completed
14 April 2025
Munda Gold Mine Starter Pit Underway
30 April 2025
Quarterly Activities Report and Appendix 5B
30 April 2025
2024 Annual Report to Shareholders
13 May 2025
Mining Commences at Munda Gold Mine
19 June 2025
Munda Gold Mine Mining Progresses – First Blast
1 July 2025
Auric Consolidates Munda Gold Mine with WIN Purchase
7 July 2025
Munda Toll Milling and Ore Purchase Agreement Executed
9 July 2025
Final Milling 60,000 Tonnes of Jeffreys Find Ore Commenced
31 July 2025
Quarterly Activities Report and Appendix 5B
22
Appendix 2: Current Resources¹
Current Mineral Resource Estimates
Deposit
Cut off
Category
Tonnes
Au
Au
(Thousand)
g/t
koz
Indicated
3,350
1.22
131
Inferred
300
1.4
14
Total
3,650
1.23
145
Au g/t
Munda
0.5 g/t
Jeffreys Find Resources
0.6 g/t
Measured
18
1.22
1.5
Jeffreys Find Stockpiles
0.6 g/t
Measured
47
1.4
2.6
Total
65
1.96
4.1
0.6 g/t
Measured
65
1.96
4.1
0.5 g/t
Indicated
3,350
1.22
131
0.5 g/t
Inferred
300
1.4
14
Total
3,715
1.25
149.1
Combined
Note: Numerical differences may occur due to rounding
¹ (ASX:AWJ): 30 April 2025: 2024 Annual Report to Shareholders
23
Appendix 3: Forward Looking Statements
This presentation does not include all available Information on Auric Mining Limited and
should not be used in isolation as a guide to investing in the Company. Any potential
investor should also refer to Auric Mining Limited’s Annual Reports and take
independent professional advice before considering investing in the Company. For
further information about Auric Mining Limited, visit our website
www.auricmining.com.au
Forward-Looking Statements
This Presentation contains forward-looking statements which are identified by words
such as ‘may’, ‘could’, ‘believes’, ‘estimates’, ‘targets’, ‘expect’, 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
Presentation, 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 Presentation will actually occur and
investors are cautioned not to place undue reliance on these forward-looking
statements.
Disclaimer
Whilst care has been exercised in preparing and presenting this presentation, to the
maximum extent permitted by law, the Company and its representatives:
•
•
Make no representation, warranty or undertaking, express or implied, as to the
adequacy, accuracy, completeness or reasonableness of this Presentation;
Accept no responsibility or liability as to the adequacy, accuracy, completeness or
reasonableness of this Presentation; and Accept no responsibility for any errors or
omissions from this Presentation.
Mineral Resources Reporting Requirements
As an Australian Company with securities listed on the Australian Securities Exchange
(ASX), Auric is subject to Australian disclosure requirements and standards, including
the requirements of the Corporations Act 2001 and the ASX. Investors should note that
it is a requirement of the ASX listing rules that the reporting of mineral resources in
Australia is in accordance with the JORC Code and that Auric’s mineral resource
estimates are reported in compliance with the JORC Code, 2012 edition. The terms
used in this announcement are as defined in the JORC Code.
24
Thank You
We’re an exciting story - all
happening in the shadow of The
Golden Eagle, the legendary
1,135 ounce nugget discovered
just a few kilometres from our
Munda Gold Deposit.
Feel free to engage with us
directly. We welcome your
enquiries.
Please join us
Follow our communications
auricmining.com.au
At today’s value The Golden Eagle would sell for more than $4 million based on the gold alone. As a nugget it is maybe worth double that.
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