Yeah, that's them! Auric Mining (ASX:AWJ). Looks like they took our allocation at the Greenfields Mill. Look at how their share price has reacted since news of gold production last year - A nice steady climb from below 4c in August 2023 to above 18c this week. Hopefully what we have to look forward to if management finally stick to their words!
August 4 2023 Announcement: First Gold Delivered to Perth Mint
"Initial parcel of approximately 36,000 tonnes of ore being processed by the Greenfields Mill at Coolgardie."
December 1 2023 Announcement: Auric Banks Another $1.3M, Total Cash Now $4.77M
"Gross revenue of $29M, 9,741 ounces of gold produced, gold sale price averaged $3006aud per ounce, company is self funding for 2024."
February 22 2024 Announcement: More than 300,000 tonnes to be Mined at Jeffreys Find
"BML Ventures Pty Ltd of Kalgoorlie (BML), Auric’s joint venture partner, has executed a contract with FMR Investments Pty Ltd (FMR) to toll mill a minimum of 300,000 tonnes of ore at the Greenfields Mill, Coolgardie during 2024 with the Project due to conclude in early 2025."
I would also love to know the capacity of Greenfields Mill, if they executed another agreement last month for an additional 300,000t, where does our 200,000t agreement fit in???
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