Short Term Trading Week Starting: 06 May, page-12

STTCOMP AWJ FA LONG
Auric Mining Limited 16.5c
MC $25M

Gold based exploration company that is currently mining gold
Price being pushed down for a couple of days now as its at a low of 16.5 as of writing.

Key points

• First gold sales expected in Early May
• Top 20 holders hold ~40% of shares.
• 31st March - 99% of options exercised at a 15c exercise price.
• 4.1 million in the bank (in latest quarterly) so no capital raise coming soon.

Assests

• Jeffery's Find Gold Mine - JV with BML to toll mill 300,000 tonnes of ore at Greenfields Mill - 50/50 JV split.
• Mining recommenced in Feb 2024.
• Munda Gold Project - Drilling program completed with assay involving high grade intersects - 1m @12.03g/t, 3m @ 10.77 g/t 7m @ 2.28g/t Au gold

First official tip, let me know if there is anything wrong with the formatting or any advice appreciated.