Auric Mining Limited

Munda Gold Project

Auric Mining

Libre Franklin

Between November 2023 and January 2024, a total of 361 holes were drilled at the Munda Gold Deposit on a 10m x 10m grid pattern.⁷

The drilling confirmed broad zones of gold mineralisation, including individual assay results of up to 321g/t Au and an intersection of 17m at 17.6g/t Au. The program improved Auric’s understanding of the deposit and informed the design and development of the Munda Starter Pit.

The Starter Pit was completed in early 2026 and produced 8,886oz of gold, 46% above the original production target of 6,100oz. Auric is now advancing the next stage of Munda through resource extension, grade control and geotechnical drilling to support mine planning ahead of the targeted recommencement of mining in late 2027.

The Munda Gold Project is a key part of Auric’s strategy to establish an integrated gold mining and processing operation in Western Australia. Following completion of the Starter Pit, the in situ Mineral Resource was increased by 32% to 4.20Mt @ 1.43g/t Au for 192,000oz of gold.

The Starter Pit provided valuable geological, mining and processing data and produced 8,886oz of gold, significantly above the original production target of 6,100oz. These results have informed planning for the next stage of development at Munda.

In July 2026, Auric released an Integrated Burbanks and Munda Scoping Study evaluating the development of a larger open pit at Munda and processing of ore through the Company’s Burbanks facility near Coolgardie. Auric is now progressing resource extension, grade control and geotechnical drilling, together with approvals and development work, with mining targeted to recommence in late 2027

The July 2026 Scoping Study outlined a potential integrated development of Munda and Burbanks, providing a pathway for Auric to mine and process its own ore through the Burbanks facility. The study targets first gold from Burbanks in early 2028, subject to completion of further studies, approvals, funding and development activities.

Date	Headline
18 Nov 2025 11:08 AM	Update - Munda Buoyant Sales Deliver Auric $14.6M Revenue
18 Nov 2025 8:24 AM	Buoyant Sales from Munda deliver Auric $14.6M Revenue 1
5 Nov 2025 8:25 AM	First Munda Gold Mine Sales at average A$6,130 an ounce 1 2
22 Oct 2025 8:21 AM	First Munda Gold Pour Completed at Lakewood Mill 1
14 Oct 2025 8:23 AM	Toll Milling of First Munda Ore Parcel Commenced 2
9 Sep 2025 8:22 AM	Completion of Purchase of Munda Related Assets 1
7 Jul 2025 8:20 AM	Munda Toll Milling and Ore Purchase Agreement Executed
1 Jul 2025 8:21 AM	Auric Consolidates Munda Gold Mine with WIN Purchase
19 Jun 2025 9:31 AM	Munda Mining Progresses - First Blast
13 May 2025 8:16 AM	Mining Commences at Munda Gold Mine

Munda Gold Project Announcements

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