Auric Mining commences significant processing

Auric Mining (ASX:AWJ) has embarked on a substantial milling campaign at the Greenfields Mill, Coolgardie. The campaign started on 28 November 2024 and is set to process 142,000 tonnes of high-grade ore from the Jeffreys Find Gold Mine. The first gold sales are anticipated soon, with cash distributions expected to begin in December 2024.

Auric Mining's strategic outlook

Auric Mining has launched a major seven-week milling operation at Coolgardie's Greenfields Mill to process 142,000 tonnes of ore from Jeffreys Find Gold Mine. Together with BML Ventures Pty Ltd, the joint venture aims for profitable gold sales, with profits shared equally post-costs. Auric plans to mine over 420,000 tonnes by Q1 2025, utilizing additional processing at Three Mile Hill Plant. With a focus on operational efficiency and leveraging favorable gold prices, Auric anticipates robust financial returns.

Executive insights on the campaign

The commencement of milling is an exciting milestone for Auric Mining. The ore's high-grade nature and the strong gold market conditions make this a promising venture.