First Gold Campaign of 2024 to Commence Mid-April Auric Mining Limited (ASX: AWJ) (AuricortheCompany) is pleased to announce that mining operations at the Jeffreys Find Gold Mine (the Project) near Norseman, WA, is proceeding smoothly on an around-the-clock basis. View the Full Announcement Auric Mining buoyed as 99% of options are exercised for more than $2.6 million Auric boost its finances by more than $2.6 million following a strong response to the exercising of options that were due to expire on March 31, 2024. There were 99% of the available options exercised at $0.15 each for a total of $2,624,067 with funds to be utilised to enhance the company’s gold development strategy encompassing the Jeffreys Find mining operations and the flagship Munda Gold Project from which ongoing exploration is returning impressive results. Shareholders exercised a total of 12,993,780 options into fully paid ordinary shares with $1,949,067 to be received by Auric on Thursday, April 4, when the shares are allotted. Auric has issued a shortfall notice to the underwriter KS Capital Pty Ltd for 4.5 million shortfall shares for a total of $675,000, pre-costs. The underwriter must deliver the share applications and application money to the company by Tuesday, April 9, 2024, which is the shortfall settlement date. Total funds to be received by Auric, pre costs, from the exercise of options is $2,624,067, which represents 99% of the total options available being exercised into shares. View the full announcement » Auric Mining posts a maiden profit of $1.31 million, adjusted earnings of $2.85 million, in 2023 financials Auric in its 2023 full-year financial report, declared a maiden profit of A$1.31 million, with adjusted earnings reaching A$2.85 million after accounting for one-off write-downs. The Company seems to be in robust financial health, also reporting net operating cash flows of A$4.22 million 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.”