Auric Mining Limited (ASX:AWJ)

Leading Gold Exploration in Western Australia's Widgiemooltha District.

About Us

Auric Mining Ltd, based in Western Australia, focuses on gold exploration and development, emphasizing the establishment of a substantial-scale gold mining enterprise for capital attraction and shareholder value. Key assets include the 100% owned Munda Gold Project and Jefferys Find Gold Project within the Widgiemooltha Gold Project. With a robust asset base exceeding 220,000 ounces of gold, Auric Mining, backed by experienced management, aims to develop additional gold deposits under a well-credentialed Board with global gold project development expertise.

Company Overview

Auric Mining Ltd, headquartered in Western Australia, specializes in gold exploration and development. The company is dedicated to establishing a substantial-scale gold mining enterprise, aiming to attract capital and enhance shareholder value. Backed by a seasoned Management Team with extensive experience in the Western Australian gold exploration sector, Auric Mining's primary assets include the Widgiemooltha Gold Project. This project encompasses the 100% owned Munda Gold Project and the 100% owned Jefferys Find Gold Project, both located in Western Australia.

In addition, Auric holds the Spargoville Project, consisting of one granted and two pending exploration licenses and two granted and one pending prospecting license (EL’s), exhibiting demonstrated gold anomalism in the area. The company actively seeks to acquire high-quality exploration and near-development landholdings to explore and develop additional gold deposits.

Auric boasts a robust asset base, with over 220,000 ounces of gold in JORC compliant resources, coupled with exploration licenses. The company's Board is well-credentialed and streamlined, bringing significant experience in developing gold projects, both domestically and globally.

Widgiemooltha Gold Project

The Widgiemooltha Gold Project, spearheaded by Auric Mining, finds its focal point in the Munda Gold Project, strategically located approximately 34 km southwest of Kambalda and just 5 km west of Widgiemooltha township. Mining Lease 15/87 is exclusively owned by Auric Mining, while Neometals Ltd holds the Ni and Li rights, underpinning the project's robust foundation. With a combined Indicated and Inferred Mineral Resource estimate of 4.48 million tonnes at 1.38g/t Au, totaling 198,700 ounces of gold at a 0.5g/t cutoff, the Munda Gold Project stands as a promising venture in Auric Mining's comprehensive gold exploration and development initiatives.

AWJ_21008_Widgiemooltha_Gold_Project-f965d774.jpgWidgiemooltha Gold Project

Recent strategic acquisitions with Neometals (ASX:NMT) have significantly broadened Auric Mining's gold rights, encompassing an extensive tenement package surrounding the Munda Gold Project on three sides. This strategic move substantially expands the prospective coverage, particularly at the north end of the Widgiemooltha Dome, and encompasses various promising areas around the Widgiemooltha Dome. The geological context of the Munda gold deposit, hosted within folded basalts and overlying ultramafic flows, has been a subject of extensive exploration since the 1960s, led by Western Mining Corporation and subsequent programs by six different companies. The gold mineralization at Munda, occurring in association with carbonate and biotite alteration, presents an exciting avenue for further exploration and development.

Auric Mining's commitment to unlocking the full potential of the Munda Gold Project was evident in its inaugural RC drill program conducted in March 2021. The program yielded outstanding results, confirming the significant promise of the project and setting the stage for subsequent exploration endeavors. As Auric Mining continues to enhance its gold portfolio, the Munda Gold Project remains a cornerstone asset, underlining the company's dedication to establishing a robust gold mining enterprise in Western Australia.

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Jeffreys Find Gold Project

Auric Mining's ownership extends to the Jeffreys Find Gold Project, encompassing Mining Lease 63/242 and Miscellaneous Licence 63/97, both exclusively held by the company through its subsidiary, Jeffreys Find Pty Ltd. At the core of this project lies the Jeffreys Find gold deposit and the Neo Prospect, representing pivotal components in Auric Mining's strategic exploration and development initiatives. The geological setting of the project reveals gold mineralization hosted within a Banded Iron Formation (BIF), characterized by its strong magnetic properties, emphasizing the unique and promising nature of the mineral deposits within this area.