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Auric Mining Limited (ASX:AWJ)

ALERT: Price-sensitive ASX Announcement for AWJ
Current share price for AWJ : $0.240 -0.14 (-36.84%)+
Announcement
Release
19 Mar 2026 8:17AM
Price at Release
$0.380
Full Release
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Summary
Auric Mining Limited announced the completion of their Munda Gold Mine Starter Pit, reporting an impressive gold production performance from the Munda Starter Pit. The final campaign exceeded expectations with a total yield of 8,886 ounces of gold, which is 46% above the budgeted 6,100 ounces. This result was achieved through two successful campaigns, with the second campaign benefiting from higher ore grades. The performance underscores Munda as a significant gold resource, facilitating Auric's growth strategies. The company plans to expand its operations with further mining in the Munda Main Pit, leveraging insights gained from the Starter Pit operations. As of March 18, 2026, Auric's financial standing, combining cash, bullion, and listed investments, is valued at AUD 43.0 million, highlighting its financial health and potential for sustainable development.
Key Points
  • Munda Starter Pit produced 8,886 ounces of gold, 46% above budget.
  • Final campaign gold yield exceeded expectations with improved grades.
  • Auric Mining plans further mining at Munda Main Pit.
  • Company's financials strong with AUD 43.0 million in value.
  • Munda established as a substantial gold resource.
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.