The stars are aligning for the next campaign...pefect timimg for us to capitalise on a soaring gold price
Ann from July 5th,
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to announce
that the second gold milling campaign of 2024 from the Jeffreys Find Gold Mine (the
Project) near Norseman, WA, is expected to commence on 24 July 2024.
As of 3 July 2024 a total of 43,402 tonnes of ore has been transported to the
Greenfields Mill (Greenfields) at Coolgardie by BML Ventures Pty Ltd of Kalgoorlie
(BML), Auric’s joint venture partner.
BML is mining around the clock with an estimated 30,000+ tonnes of high grade ore
on the ROM Pad at Jeffreys Find, awaiting transport to Greenfields.
Greenfields and BML have executed a toll milling notice to process 150,000 dry
metric tonnes of ore. Milling will take place across approximately six to seven weeks,
commencing 24 July 2024 and concluding in early September 2024.
BML is planning on mining more than 300,000 tonnes of ore during Stages 2 and 3 of
the Project in 2024 with further gold milling campaigns scheduled later in 2024 and
early 2025.
Auric has also received notification from BML that it will receive $2 million in cash,
being the first distribution of surplus cash for Stage 2 of the Project, this quarter.
In addition BML has advised it will repay $1 million to Auric this quarter, working
capital AWJ had advanced to the JV for the commencement of Stage 2 mining at
Jeffreys Find.
GLTAH
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Price($) | Vol. | No. |
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