All investors, new and old, are strongly encouraged to carefully review the ongoing legal situation involving Auric Mining Limited (ASX: AWJ) before making any investment decisions.
Auric has been named in legal proceedings commenced by Estrella Resources Limited (ASX: ESR) regarding lithium royalty rights over Mining Lease M15/87 (Munda), and while AWJ has stated that it holds no interest in lithium at the site, the matter remains before the Supreme Court of Western Australia.
To assist in your own due diligence, below is a summary of **Auric Mining's official ASX announcements** directly related to this situation:
1. Auric Buys Specific Mineral Rights from WIN for $1.2m
Date: 23 July 2024
"Auric Mining Limited is pleased to advise that it has executed a Binding Term Sheet with WIN Metals Ltd for the partial purchase of the Munda tenement mineral rights for $1.2 million. These include nickel and lithium rights, water access rights, and related assets. This purchase strengthens Auric’s long-term position in the region while expanding its exploration potential."
2. Settlement and Completion with WIN Metals
Date: 27 August 2024
"Auric Mining Limited advises that it has completed settlement of the asset sale agreement with WIN Metals Ltd concerning mineral rights on the Munda tenement (M15/87). All conditions precedent have been satisfied. Nickel rights and related assets have transferred to Auric."
3. Rescission of Purchase of Lithium Rights at Munda
Date: 29 October 2024
"Auric Mining Limited wishes to advise that it has entered into an agreement with WIN Metals Ltd to rescind the earlier purchase of lithium rights at the Munda tenement. Auric will receive a refund of $30,000 plus GST. This rescission has no impact on the nickel rights and associated assets, which remain in force."
4. Clarification of Estrella Writ
Date: 2 May 2025
"Auric Mining Limited has been made aware of legal proceedings commenced by Estrella Resources Ltd relating to lithium royalties on M15/87. Auric advises it has no rights to exploit lithium minerals at Munda and has no intention of doing so. The proceedings will not impact mining operations or the company’s current business plans."
This is a live legal matter that involves royalty entitlement disputes between third parties and has implications for historical and future transactions involving the Munda tenement.
Before investing in AWJ, take the time to read these announcements in full and assess the legal context carefully. The facts are all in the public domain.
Better to be informed than surprised.
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