Auric Mining Accelerates Munda Ore Processing Ahead of Schedule

Early Start at Munda

Auric Mining Limited (ASX, AWJ) has marked a significant milestone by commencing processing of ore from its Munda Starter Pit ahead of schedule. On 12 October 2025, the company began milling high-grade ore at Black Cat Syndicate’s Lakewood Mill, signaling a pivotal step in Auric’s transition from development to production.

The initial campaign involves trucking 60,000 tonnes of ore to the Lakewood Mill, with a total treatment agreement covering up to 125,000 tonnes. This arrangement provides Auric with a cost-effective pathway to monetise its ore without the immediate need for its own processing infrastructure.

Revenue and Growth Prospects

First gold sales from the Munda Starter Pit are expected by the end of October 2025, with Auric anticipating cash flow to commence in November. This early revenue generation is a positive signal for shareholders, demonstrating the company’s ability to deliver near-term value.

Looking ahead, Auric plans to begin detailed planning and scoping for the larger Munda Main Pit in the first quarter of 2026. The Main Pit represents a substantial opportunity to expand production capacity and move Auric closer to its goal of becoming an integrated, sustainable gold producer.

Strategic Partnership and Operational Efficiency

The partnership with Black Cat Syndicate is central to Auric’s current strategy. By leveraging Black Cat’s existing Lakewood Mill facilities, Auric can accelerate its production timeline and reduce upfront capital expenditure. This collaboration underscores a pragmatic approach to growth, balancing operational efficiency with financial discipline.

Managing Director Mark English highlighted the significance of this milestone, noting that the early start not only advances Auric’s development schedule but also sets the foundation for future expansion at Munda.