Ann: $4.22M Net Operating Cash Generated, 2023 Full Year Result, page-2

31 December 2023 Full Year Financial Results.
Auric Generated $4.22 Million Net Operating Cash.
Highlights
• Financial year posts a maiden profit of $1,313,644.
• Adjusted maiden profit after one off write-down is $2,845,638.
• Net cash from operating activities is $4,223,898.
2023 Full Year Financial Report
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide its
financial statements for the year ending 31 December 2023.
Managing Director, Mark English, said “We’ve topped off an outstanding 2023 with
a maiden adjusted profit of $2.8 million. The net cash from operating activities
resulted in a surplus of $4.22 million, a terrific result.
“We benefited from a rising gold price as we undertook Stage One mining at
Jeffreys Find. The mining performed better than expected with production of 9,741
ounces of gold selling at an average of $3,006 per ounce. Six months of mining
generated almost $10 million in surplus cash for Auric and its JV partner, BML
Ventures Pty Ltd of Kalgoorlie. Mining at Jeffreys Find has commenced for the 2024
year. The first processing is scheduled at the Greenfields Mill in mid-late April 2024.
“The past 12 months has seen us become self-funding for 2024. We are a dynamic
small gold company with a pipeline of mining activities, that will generate cash for
the Company and our shareholders,” said Mr English.
This announcement has been approved for release by the Board.