Auric Mining Limited

Jeffreys Find Gold Mine

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Burbanks Mill

Auric Mining

Libre Franklin

There are circa 60,000 tonnes of ore remaining on the ROM Pad at the mine site ready for haulage and processing. The ore will be toll milled, commencing the first week of July 2025 at the Three Mile Hill Plant at Coolgardie. Processing is expected to last three weeks.

Auric is expecting an additional $3m to $4m in cash from the last milling campaign which means it will bank in excess of $15 million from the project – 10 times more than what the Company has spent for the project.

Auric’s project risk is mitigated by BML Ventures Pty Ltd who incur and pay all operating costs and expenses. After these costs have been subtracted surplus cash is split equally.

The Jeffreys Find Gold Mine has been a remarkable success for Auric and its joint venture partner, BML Ventures of Kalgoorlie. Located 40km east of Norseman mining commenced in April 2023 and at the end of Stage One a total of 9,746 ounces were produced from 176,000 tonnes of ore, grading 1.86 g/t Au. The average sale price of the gold achieved in 2023 was A$3,000 per ounce.

Stage Two of the project took place throughout 2024 and into early 2025. Production amounted to more than 17,901 ounces which sold at an average of A$4,024 an ounce.

Jeffreys Find Gold Mine Announcements

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