How Auric Mining’s Munda Gold and Burbanks Plant Are Shaping Its Future

Jeffreys Find Project Completion

Auric Mining Limited (ASX – AWJ) has successfully wrapped up its Jeffreys Find Gold Mine project, delivering a total of 29,537 ounces of gold and generating $112 million in sales. The final toll milling campaign concluded in August 2025, marking the end of this two-year open-pit operation. Auric’s cash inflows from the joint venture now stand at approximately $14.5 million, underscoring the project’s strong financial performance from a modest initial investment.

Munda Gold Mine Production Kickoff

Mining activities at the Munda Gold Mine have progressed steadily, with the Starter Pit reaching 30 metres below surface and approximately 300,000 bank cubic metres of ore and waste mined by the end of the quarter. Processing of the first 60,000-tonne ore parcel began in mid-October at Black Cat Syndicate’s Lakewood Mill, with the first gold pour achieved ahead of schedule on 21 October 2025. Auric anticipates its first cash flow from Munda ore sales in November, marking a significant milestone as the company transitions to recurring revenue generation.

Strategic Acquisition of Burbanks Processing Plant

In a transformative move, Auric completed the acquisition of the fully permitted Burbanks Gold Processing Plant near Coolgardie for $4.4 million plus GST at the end of September. This 180,000 tonnes per annum facility provides Auric with in-house processing capabilities, enhancing operational control and cost efficiency for ore from Munda, Lindsay’s, and other nearby projects. Engineering studies are underway to evaluate refurbishment and expansion options, signaling Auric’s intent to vertically integrate its mining and processing operations.

Progress on Lindsay’s Gold Project Acquisition

Auric is advancing its acquisition of the Lindsay’s Gold Project, including the Parrot Feathers open pit, from Top Global Mining and NBC Mining. Settlement of tenements not subject to Wardens Court action is scheduled by 19 November 2025. Auric has assumed management of related litigation for one tenement and has committed to contingent payments and share issuance upon successful resolution. This acquisition complements Auric’s growing portfolio and supports its medium-term growth strategy.

Operational and Corporate Outlook

Alongside these developments, Auric secured nickel rights, a mining camp, and an in-pit water supply at Munda from WIN Metals, enhancing operational independence. The company holds interests in 67 tenements across Western Australia, positioning it well for future exploration and development. At quarter-end, Auric reported $1.1 million in cash and investments, with a current issued capital of over 186 million shares. Managing Director Mark English highlighted the quarter as transformational, emphasizing the company’s commitment to building a sustainable and scalable gold business.