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Auric Mining Limited (ASX:AWJ)

ALERT: Price-sensitive ASX Announcement for AWJ
Current share price for AWJ : $0.195 -0.08 (-29.09%)+
Announcement
Release
5 Jun 2026 4:49PM
Price at Release
$0.275
Full Release
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Summary
Auric Mining Limited announced a 32% increase in the Mineral Resource estimate for the Munda gold deposit following a re-evaluation of the in situ resources. The updated estimate results from a less conservative treatment of high-grade drill samples and more selective mining, contributing to an improved understanding of the deposit. The resource is now estimated at 4.20 million tonnes at 1.43 g/t for 192,000 ounces of gold. This growth comes despite a depletion of approximately 10,000 ounces due to recent mining activities. The updated resource estimate includes data from recent grade control drilling, which revealed high-grade intercepts, and reflects the mill reconciled gold production that exceeded expectations by 46%. The announcement also highlights planned further drilling to expand the resource and ongoing assessments for the development of the Munda open pit and Burbanks Processing Plant.
Key Points
  • Munda gold deposit Mineral Resource increased by 32%
  • Re-evaluation of resources with less conservative high-grade sample treatment
  • Current estimate: 4.20 Mt at 1.43 g/t for 192,000 oz Au
  • Recent mining depleted ~10,000 oz
  • High-grade intercepts from grade control drilling
  • Mill reconciled production exceeded expectations by 46%
  • Further drilling planned for resource expansion
  • Assessment ongoing for Munda open pit and Burbanks Processing Plant
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.