Highlights

  • Auric reports AUD 14.6M gross revenue from initial gold sales at Munda.
  • Total 2,355 ounces sold across three pours at an average AUD 6,200/oz.
  • Next 65,000-tonne processing campaign scheduled to begin mid-January 2026.

Auric Mining Limited (ASX:AWJ) has detailed its latest outcomes from early gold production at the Munda Starter Pit, confirming continued sales and revenue generation from the first processing campaign. According to the company, gold sales across the three completed pours have produced a combined 2,355 ounces, contributing to a gross revenue figure of AUD 14.6M. After accounting for milling charges at the Lakewood Mill and associated haulage costs, Auric expects to bank AUD 8.8M (ex-GST).

The most recent gold pour contributed an additional 565 ounces sold at AUD 6,406 per ounce. Previous sales totalled 1,790 ounces at an average sale price of AUD 6,130 per ounce. The combined sales to date reflect an overall average sale price of AUD 6,200 per ounce.

Processing Milestones and Next Steps

The first processing parcel, comprising nearly 58,000 tonnes of ore from the Starter Pit, was completed at Black Cat Syndicate’s Lakewood Mill on 2 November 2025. A Gold-In-Circuit (GIC) assessment is expected by the end of November, which will finalise production and revenue results from this initial phase.

These outcomes form part of the company’s broader operating plan for the Munda project, which includes staged processing and development activities. Auric indicated that further cash receipts are expected within the next fortnight as administrative steps connected to the completed gold sales are finalised.

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Upcoming Processing Campaign and Project Planning

A second processing campaign, covering a 65,000-tonne ore parcel, has been scheduled to commence in mid-January 2026. The arrangement with Black Cat Syndicate continues to provide the processing pathway for the Munda ore, supporting the company’s staged extraction approach.

With the Starter Pit’s first campaign now concluded, Auric intends to begin detailed planning and scoping activities for the larger Munda Main Pit. Work on this stage is expected to start in Q1 2026. The Main Pit development forms the next phase of the project’s expansion framework, with a focus on long-term operational planning and production capability.

Share Performance of AWJ

AWJ was trading 5.55% lower at AUD 0.255 per share as of 18 November 2025.