Auric Mining stage one gold production passes 9,400 ounces
November 02, 2023 at 07:31 pm
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Auric Mining Ltd (ASX:AWJ) MD Mark English speaks with Proactive soon after announcing stage one production results at the Jeffreys Find Gold Mine near Norseman. As last Friday, a total of 8,293 ounces of gold have been sold, generating $24,833,081 in revenue for Auric and its joint venture partner BML. Gold production from the campaign has surpassed 9,400 ounces, with 1,264 ounces sold at The Perth Mint on the same date, fetching $3,958,740 at a rate of $3,131 per ounce.
“All the ore has been milled with the last of the gold passing through the system at the Greenfields Mill and at Perth Mint. Jeffreys Find Stage One production will be close to 10,000 ounces,” said English.
“With gold prices at near record highs, together with excellent production, the project is expected to produce more than $9.0 million total surplus cash for the two partners. A terrific result for both of us.
“We will soon complete all processing and gold sales for stage one. Both parties are enthusiastic about getting into stage two early in 2024. We expect stage two to also be very friendly to us and not provide anything unexpected.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Auric Mining Limited is an Australia-based gold exploration and development company. The Company has four projects in the Widgiemooltha area of Western Australia, the Widgiemooltha Gold project, including the Companyâs 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 six mining leases, for a total area of 516 square kilometers (km2). The Munda Gold Project is located approximately 34 kilometers (km) south-west of the mining town of Kambalda and is situated five km west of the township of Widgiemooltha. The Jeffreys Find Gold project comprises granted mining lease 63/242 and miscellaneous license 63/97. The Jeffreys Find Gold project includes the Jeffreys Find gold deposit and the Neo Prospect. The Spargoville project is centered around four km west of the Coolgardie-Esperance Highway, and 35 km southwest of Kambalda.