Auric’s Early Gold Production Raises Stakes Ahead of Expansion Risks

Auric Mining Hits Key Milestone

Auric Mining Limited (ASX – AWJ) has announced a pivotal achievement with the completion of its first gold pour from the Munda Starter Pit, processed at Black Cat Syndicate’s Lakewood Mill. This event, finalized on 21 October 2025, comes ahead of schedule and signals the transition from development to production for Auric’s flagship project.

The company expects to commence gold sales by the end of October, with cash inflows anticipated by mid-November. This rapid progression underscores Auric’s operational readiness and ability to generate near-term shareholder value in a buoyant gold market.

Strategic Partnership with Black Cat Syndicate

Auric’s agreement with Black Cat Syndicate to toll treat a total of 125,000 tonnes of Munda ore through February 2026 provides a cost-effective and efficient pathway to monetise its high-grade resources. The initial 60,000 tonnes have already been processed, with further volumes scheduled for early next year. This partnership not only accelerates Auric’s production timeline but also positions the company for sustained growth.

Looking Ahead – Expansion Plans for 2026

With the Starter Pit campaign complete, Auric is advancing detailed planning for the Munda Main Pit, targeting a production ramp-up starting in the first quarter of 2026. This expansion represents a significant opportunity to scale operations and solidify Auric’s ambition to become an integrated, sustainable gold producer.

Managing Director Mark English expressed optimism about the company’s trajectory, highlighting the strong progress at Lakewood Mill and the promising outlook for the year-end and beyond. The successful first pour and imminent revenue generation mark a turning point for Auric, setting a foundation for future operational and financial milestones.