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Auric Mining Ltd. ( (AU:AWJ) ) has shared an update.
Auric Mining Limited has announced the execution of a toll milling and ore purchase agreement with Black Cat Syndicate Ltd to process up to 125,000 tonnes of ore from its Munda Gold Mine at the Lakewood Mill. This agreement marks a significant step for Auric, as it enables the company to process and monetize the gold from its Starter Pit, with expectations of substantial cash flow in Q4 2025. The processing is set to begin in October 2025, with the final proceeds anticipated by February 2026, positioning Auric for pivotal growth and benefiting its stakeholders.
More about Auric Mining Ltd.
Auric Mining Limited is a company operating in the gold mining industry, focusing on the extraction and processing of gold ore. The company is engaged in mining activities at the Munda Gold Mine in Western Australia, with a market focus on monetizing gold resources through strategic agreements.
Average Trading Volume: 472,019
Technical Sentiment Signal: Hold
Current Market Cap: A$30.69M
For an in-depth examination of AWJ stock, go to TipRanks’ Overview page.