AWJ 1.75% 28.0¢ auric mining limited

Ann: Jeffreys Find Stage One Production Exceeds 9,400 Ounces, page-4

  1. 2,154 Posts.
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    Great update!
    Per Mark the Jeffreys Find Stage One production will be close to 10,000 ounces. As at 27 October 2023 total 8,293 oz gold were sold and Auric has received the initial $2.2m; which means there's still circa 10000-8293= 1707 oz gold yet to be sold when Stage One is fully completed. Assume gold price around A$3100 (today's A$3130) this is another $5.3m cash to be coming in and Auric will have $2.6m ish after the split and it will be coming in after 6th Nov. Not bad!

    Also Stage Two mining of Jeffreys Find will commence early in 2024! Whilst the grade control drilling program (to de-risk the project) at Auric's major Munda Gold Project near Widgiemooltha Western Australia will start 1 November 2023 (actually it's today!!).
 
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