Auric Mining Limited

Jeffreys Find Gold Mine

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.

It was gold from Jeffreys Find that turned Auric from explorer to producer. Maiden gold production of nearly 10,000 ounces in 2023 generated surplus cash to Auric of $4.76M. Over the next 15 months, a further

400,000 tonnes of Jeffreys Find ore produced $112M total in sales, with final $16.5M cash distributions overall.  From a $1.2M investment it was a sensational start to Auric’s mining ambitions.

Date	Headline
5 Sep 2025 8:21 AM	Jeffreys Find Gold Mine Progress 1
9 Jul 2025 8:28 AM	Final Milling 60,000 Tonnes of Jeffreys Find Ore Commenced
15 May 2025 8:19 AM	Jeffreys Find Gold Mine Activities Update
3 Mar 2025 8:24 AM	Final Ore From Jeffreys Find Project To Be Milled In July
24 Feb 2025 9:50 AM	Gold Sales Exceed $100 Million From Jeffreys Find Gold Mine
14 Jan 2025 8:22 AM	Jeffreys Find Stage Two Sales Exceed 14,800 Ounces
23 Dec 2024 8:24 AM	Jeffreys Find Sales in 2024 Exceeds 10,000 Ounces
13 Dec 2024 8:20 AM	Jeffreys Find Gold Mine Generates $5.2M from 1,243oz
28 Oct 2024 8:20 AM	Additional Milling to Start in 10 Days of Jeffreys Find Ore
2 Oct 2024 8:16 AM	Total Gold Sales of $23.5M from Jeffreys Find Campaign

Jeffreys Find Gold Mine Announcements

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