Auric Mining controls 4 projects in the Widgiemooltha area of Western Australia, the Widgiemooltha Gold Project, including Auric’s flagship Munda gold deposit, the Jeffreys Find Gold Project, the Spargoville Gold Project and the Chalice West Project. The projects combine 25 granted tenements, including 6 mining leases, for a total area of 516km2.

The Widgiemooltha area is 630km east of Perth and has a long and distinguished mining history with numerous gold, nickel and rare metal mines. Even with an extensive mining history in the area, considerable exploration prospects remain with several significant gold project developments in the past ten years, including (1) Mincor’s Widgiemooltha Gold Project (5.5Mt at 1.9g/t for 328,700oz Au), (2) Karora Resources’ Beta Hunt (10.1Mt @ 2.9g/t for 944,000oz Au), and (3) Polar Bear Project (6.24Mt @ 1.71g/t for 353,000oz Au). Recent exploration success in the area by Anglo Australian Resources (AAR.ASX) at their Mandilla Gold Project (resources of 15.6Mt at 1.0g/t for 500,400oz Au). (4) highlights further potential in the area.

1. (ASX:MCR) Announcement 7 November 2017; Gold Mineral Resource Inventory Update for the Widgiemooltha Gold Project
2. (ASX:RNC) Announcement 13 August 2019; RNC Minerals Filing of Technical Report for Beta Hunt Gold Resource Update
3. (ASX:WGC) Announcement 2 October 2018; 2018 Annual Update of Mineral Resources and Ore Reserves – Amended Announcement
4. (ASX: AAR) Announcement 27 May 2021; Maiden 500,000oz Mineral Resource at Mandilla provides foundation for significant new WA gold project