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Auric Mining Limited (ASX:AWJ)

ALERT: Price-sensitive ASX Announcement for AWJ
Current share price for AWJ : $0.215 -0.175 (-44.87%)+
Announcement
Release
12 Mar 2026 8:25AM
Price at Release
$0.390
Full Release
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Summary
Auric Mining Limited has announced the receipt of a final $2.2 million cash surplus distribution from their joint venture with BML Ventures Pty Ltd for the Jeffreys Find Gold Mine. This marks the conclusion of the joint venture, which began in May 2023. The project successfully mined 29,534 ounces of gold, generating over $82 million in revenue. Auric's total share of the cash surplus from the project was approximately $16.5 million, bolstering its financial position significantly. The funds will support Auric's ongoing development activities at its Munda Gold Mine, where a successful starter pit mining campaign has recently been completed.
Key Points
  • Auric received a final $2.2M cash distribution from Jeffreys Find.
  • The joint venture with BML Ventures produced 29,534 ounces of gold.
  • Auric's total cash share from the project is approximately $16.5M.
  • All matters related to the joint venture with BML Ventures are concluded.
  • Auric's financial position strengthened with a total value of $43M.
  • Funds will support development activities at Munda Gold Mine.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.