Purchase of 5 Tenements at Higginsville
Released
Released
Announcement PDF
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
08 APRIL 2025
Loded Dog Tenements
Stage One Settlement Completed
Highlights
•
Purchase of Loded Dog tenements strengthens Auric’s foothold in the
Widgiemooltha-Higginsville area.
•
Completion of the acquisition will be in two tranches. The first tranche involves
five tenements.
•
Tenements in the first tranche include Amorphous and Foote’s Find Prospects.
•
Most promising holdings are less than 5km west of the Higginsville Gold Plant and
numerous gold deposits including the 1M oz Trident deposit.
•
This acquisition includes cash payment of $450,000 plus milestone payments and
production royalties. 1
Management Comment
Mr Mark English, Managing Director, said: “This tranche includes the most highly
prospective prospects, in Amorphous and Foote’s Find.
“It is our intention to explore the tenements with rigour over the coming year.
“This is incredible gold country, some of the best in the world, with gold mines all
around this tenure including Westgold’s Higginsville Gold Assets.
“We will undertake drilling programs over the most prospective areas, including the
Amorphous Prospect where past drilling has revealed numerous significant assays
such as 9m @ 3.32g/t and 5m @ 5.16g/t.
1 Announcement to the ASX dated 25 February 2025 – Auric to acquire Loded Dog tenements proximal to Higginsville Gold
Deposits.
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
08 APRIL 2025
“Loded Dog and Spargoville are now our two most exciting gold exploration targets.
Developing their potential will be a priority for our exploration efforts in the
immediate term,” said Mr English.
Figure 1. Auric tenements in the Widgiemooltha area including new Loded Dog tenure.
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
08 APRIL 2025
The Announcement
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce
that through its wholly owned entity Widgie Gold Pty Ltd (WGPL) it has completed
the first tranche of settlement with the purchase of five tenements from Loded Dog
Prospecting Pty Ltd (Loded Dog), in the Widgiemooltha area of Western Australia.
The acquisition complements the Company’s ground holdings in the highly
prospective Higginsville area.
The Company has paid $450,000 (plus GST) to Loded Dog for five of the tenements
and agreed on milestone payments and royalties as previously announced.
The Amorphous Prospect will provide the initial exploration focus with the potential
to expand on known mineralization extending over approximately 1km strike length,
including at a 0.5g/t cut-off:
Hole ID
Hole Type
Results
AMC0007
RC
2m @ 10.27g/t Au from 28m
AMR0013
RAB
2m @ 8.63g/t Au from 22m
AMR0015
RAB
5m @ 5.16g/t Au from 18m
AMRC005
RC
9m @ 3.32g/t Au from 78m
AMRC006
RC
3m @ 4.38g/t Au from 45m
AMRC015
RC
7m @ 1.61g/t Au from 61m
A second tranche payment of $25,000 (plus GST) encompassing three tenements
will be concluded after various compliance matters are completed.
Compliance Statement
Information in this report relating to exploration results for the Amorphous Prospect is
extracted from the Company’s report to the ASX dated 25 February 2025 and titled
‘Auric to Acquire Loded Dog Tenements Proximal to Higginsville Gold Deposits’. The
announcement is available to view on 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. 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.
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
08 APRIL 2025
Forward Looking Statements
This Announcement may contain forward-looking statements which are identified
by words such as ‘may’, ‘could’, ‘should’, ‘believes’, ‘estimates’, ‘targets’,
‘expected’, 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.
This announcement has been approved for release by the Board of Auric Mining Ltd.
Corporate Enquiries
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Mark English
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Auric Mining Limited
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T +61 409 372 775
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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
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