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Auric Mining Limited (ASX:AWJ)

ALERT: Price-sensitive ASX Announcement for AWJ
Current share price for AWJ : $0.210 -0.07 (-25%)+
Announcement
Release
24 Mar 2026 8:21AM
Price at Release
$0.280
Full Release
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Summary
Auric Mining Limited announced the successful completion of their Munda Gold Mine Starter Pit project, reporting that all gold produced during the second mining campaign was sold at an impressive average price of A$7,178 per ounce. The total gold production was significantly above budget by 46%, with 8,886 ounces produced. This outcome highlighted Munda as a substantial gold resource, with excellent grade and recovery rates surpassing expectations. The results bolster Auric's position in the market with a net cash position of A$43.5 million, demonstrating the company's capability to generate significant near-term value for its shareholders.
Key Points
  • All bullion sold at average of A$7,178 per ounce.
  • Net cash and sole debtor totals A$43.5 million.
  • 8,886 ounces produced, 46% above budget.
  • Munda confirmed as a substantial gold resource.
  • Outstanding grade and recovery rates achieved.
  • Auric's position as a major gold producer reinforced.
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.