AWJ 2.78% 18.5¢ auric mining limited

The pit was always a two part project and the grades, size and...

  1. 628 Posts.
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    The pit was always a two part project and the grades, size and costs were planned before stage one was mined by BML. They did a few days of drilling in the planned mine recently to finalize whatever needed to be sorted out prior to recommencement of mining, but by the sounds of it they will be moving earth again in March.

    As @WiffaSniffa and others on here have pointed out, the majority of the work (drilling/planning) is going on at the Munda Deposit, so far with some good hits of gold in the planned stage one pit. Management now have a RC rig doing step out holes 1km from Munda which could also throw some gas on the fire. The area around the Widgiemooltha Township, which is approximately 5km from Munda, is famous in Australian gold legendary for providing the biggest gold nugget found in WA to date - the Golden Eagle nugget.

    https://hotcopper.com.au/data/attachments/5954/5954605-6368dd8caaf29d19e91a00577e04a2eb.jpg

    If the stars keep aligning for this little gold play, we could all be pleasantly rewarded.
    Of course, it is still early days and a number of things could happen to knock the wind out of their sails. I personally do not think there is better team of individuals working for an ASX gold junior, all of whom have large holdings in the company.
    Last edited by Stellarbot: 13/02/24
 
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