Auric Mining Limited

Updates

Announcements

Mundagoldmine

Jeffreys Find Gold Mine

Auric Overview

Home

Board of Directors

Corporate Governance

About Us

Spargoville Project

Burbanks Mill

Libre Franklin

Auric Mining investor hub

upload.jpg

Auric is a a ‘Can-Do’ gold company – Gavin Wendt, publisher of  ‘minelife’

AWJ has successfully established a first-rate reputation as a ‘can-do’ emerging production company.

It has been happy to initiate small-scale, low-cost gold production by outsourcing key areas of potential risk with its starter project at Jeffreys Find, in turn generating reliable and substantial net cashflows.

Further enhancing AWJ’s position has been an escalating A$ gold price, which has further complemented AWJ’s growing reputation as an emerging gold producer.

AWJ recorded a 212% increase in total net profit to $4.1 million before tax for the financial year ended 31 December 2024.

It was accompanied by a 76% increase in total revenue to $8.5 million and a 62% increase in total assets to $21.6 million.

AWJ has banked $12 million in cash over the past two years, with more to come in 2025 with the final treatment of remaining Jeffreys Find ore potentially bring in up to $4 million, plus initial ore from the Munda Starter Pit that could bring in around $15 million, based on today’s gold prices. Strategically, AWJ maintains a pipeline of gold production for the next five years and is strategically located close to all necessary infrastructure including road, rail, power and processing facilities.

We have known AWJ’s Managing Director, Mark English, for about three decades. He maintains a conservative and focused approach to project appraisal and development, which is reflected in AWJ’s production and 4 market success. We have also met Non-Executive Chair Steven Morris, Technical Director John Utley, and Senior Geologist Nicholas Snow.