"Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to update the
ASX on Stage One mining from the Jeffreys Find Gold Mine near Norseman. As at
Sunday 15 October 2023, more than 7,700 ounces of gold have been produced. As
at Tuesday 17 October 2023, 5,667 ounces have been sold generating gross revenue
of $16,612,642".
“It looks as though the First Stage mining of Jeffreys Find will produce more than 9,500
ounces. At this point of the campaign it’s running through the mill at almost 1.97g/t
but we have 15,000 tonnes of lower grade ore at the end which will pull the average
grade down slightly,” said Managing Director Mark English.
I'd have to disagree Roy. The above is for a throughput of 150,000t. I couldn't see the all up costs per tonne exceeding $50-60 per tonne for this operation.
You do the math. I make that in minimum of $8Mill to each Partner
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- Ann: Auric Banks $2.2M Initial Surplus from Jeffreys Find
Ann: Auric Banks $2.2M Initial Surplus from Jeffreys Find, page-7
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