OUR ASSETS

Munda Gold Project

Auric is now in the advanced stages of planning a starter pit at Munda. Geological complexities exist but Munda is a substantial gold asset on a trajectory to mining.

Location

5km from Widgiemooltha,
WA Goldfields

Metals

Gold

PROJECT OVERVIEW

Grade control drilling over a potential Stage 1 pit has propelled Auric towards the start of mining, beginning early 2025.

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

The drilling confirmed to Auric broad gold mineralisation with highest hits of 321 g/t Au and 17m at 17.6 g/t Au. The deposit is geologically complex and the company has opted to commence a starter pit, in the first quarter of 2025 to further bolster its confidence for full scale mining later in 2025 and onwards.

  • 7: ASX:AWJ Announcement 3 April 2024 – Munda Gold Project Grade Control Drilling Program Completed
EXPORATION

Over the past three years Auric has steadily progressed the Munda Gold Deposit, first by enhancing its resources, then conducting substantial drill programs. Detailed mine planning is underway and with many approvals now in place the Project has reached a point where a starter pit will soon be mined.

After a series of acquisitions Auric now has an extensive tenement package surrounding the Munda Gold Deposit, an open pit mine, on three sides. This substantially adds to the prospective coverage at the north end of the Widgiemooltha Dome. The Dome itself consists of a 450 square kms of medium to coarse holocrystalline equigranular granite and is host to prolific amounts of gold, nickel and lithium. Significant gold mines are located in the vicinity.

OPPORTUNITY & NEXT STEPS

Auric is fast tracking the development opportunity at Munda. There will be a starter pit mined in Q1 2025.

The opportunity ahead for Auric Mining is an exciting one. An independent geologist’s report by MPR Geological Consultants in late 2020 noted that Auric’s proposed exploration and development programs for Munda are consistent with the proposed strategy of developing the project by increasing the confidence in estimated resources, expanding the resource and progressing to open pit mining of the tenements. With many of the boxes now ticked there is now a strong future for Auric’s flagship asset.