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Auric Mining Limited (ASX:AWJ)
ALERT: Price-sensitive ASX Announcement for AWJ
Current share price for AWJ : $0.225 0.025 (12.50%)+
Announcement
Release
29 Jul 2026 3:02PM
Price at Release
$0.200
Full Release
Summary
Auric Mining Limited's Quarterly Activities Report for June 2026 outlines significant developments, including a 32% increase in the Munda Gold Deposit's mineral resources, achieved through updated estimates, despite prior mining depletions. The company has initiated a major RC drilling program at Munda and maintains a strong financial position with a cash reserve of $38.0 million and no debt. Operational and strategic insights into various projects such as the Jeffreys Find Gold Mine, Spargoville, and Chalice West Projects are provided. Leadership changes are noted with the appointment of Gareth Solly as CEO. The Burbanks Gold Processing Facility remains central to Auric's processing capabilities, aiming for a fully integrated gold production model.
Key Points
- Munda Gold Deposit resource increase by 32% as of May 2026
- Auric Mining's cash position at $38.0M with no debt
- Major RC drilling program at Munda underway
- Jeffreys Find Gold Mine on care and maintenance
- Spargoville and Chalice West Projects development
- Appointment of Gareth Solly as CEO
- Burbanks Gold Processing Facility operational
- Quarterly Activities Report released on 29 July 2026
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.
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