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TesterWA

5,830 Posts.

61

06/05/24

14:37

Post #: 73686002
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Originally posted by aceryx: ↑

STTCOMP AWJ FA LONG
Auric Mining Limited 16.5c
MC $25M

Gold based exploration company that is currently mining gold
Price being pushed down for a couple of days now as its at a low of 16.5 as of writing.

Key points
First gold sales expected in Early May
Top 20 holders hold ~40% of shares.
31st March - 99% of options exercised at a 15c exercise price.
4.1 million in the bank (in latest quarterly) so no capital raise coming soon.

Assests
Jeffery's Find Gold Mine - JV with BML to toll mill 300,000 tonnes of ore at Greenfields Mill - 50/50 JV split.
Mining recommenced in Feb 2024.
Munda Gold Project - Drilling program completed with assay involving high grade intersects - 1m @12.03g/t, 3m @ 10.77 g/t 7m @ 2.28g/t Au gold

First official tip, let me know if there is anything wrong with the formatting or any advice appreciated.

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ASB ..Bot's all over it Prosperous Trading TesterWa...now 2.47
2 Upvote

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