Auric Mining has completed mining at the Munda Starter Pit and begun toll processing the second ore campaign at Lakewood Mill, with gold sales expected to start in early February.
- Starter Pit mining at Munda Gold Mine completed
- Second toll processing campaign commenced at Black Cat’s Lakewood Mill
- Gold sales anticipated from week starting 9 February 2026
- First cash proceeds expected in late February
- Management optimistic about increased cash flow amid rising gold prices
Operational Milestone Achieved at Munda
Auric Mining Limited (ASX, AWJ) has marked a significant step forward in its gold production journey with the completion of mining operations at the Starter Pit of its Munda Gold Mine. On 26 January 2026, the company wrapped up extraction activities and promptly commenced the second toll processing campaign of Munda ore at Black Cat Syndicate’s Lakewood Mill.
Processing and Sales Timeline
The toll processing is scheduled to last approximately three weeks, aligning with Auric’s plan to begin gold sales in the week starting 9 February 2026. The company expects to receive its first cash inflows from these sales by late February, marking a crucial transition from mining to revenue generation.
Strategic Outlook and Market Context
Managing Director Mark English expressed confidence in the project’s trajectory, highlighting the Starter Pit’s results as validation of Munda’s quality as a near-term value generator. He emphasised that the rising gold price environment is likely to enhance cash inflows and profitability beyond initial expectations. Auric is leveraging this momentum as it advances planning for the larger Munda Main Pit, aiming to establish itself as a sustainable gold producer.
Partnership and Operational Efficiency
The collaboration with Black Cat Syndicate Ltd (ASX, BC8) for toll processing at the Lakewood Mill underscores Auric’s pragmatic approach to optimising operational efficiency and managing capital expenditure. By outsourcing processing, Auric can focus resources on mining and development activities while accelerating the path to cash flow.
Looking Ahead
While the company’s forward-looking statements come with the usual caveats regarding market and operational risks, the current progress at Munda positions Auric Mining well to capitalise on favourable gold market conditions. Investors will be watching closely as gold sales commence and cash receipts materialise in the coming weeks.
Bottom Line?
Auric’s swift move from mining to processing and sales at Munda sets the stage for a potentially lucrative phase amid rising gold prices.
Questions in the middle?
- How will actual gold sales volumes compare to initial forecasts?
- What are the timelines and capital requirements for developing the larger Munda Main Pit?
- How might fluctuations in gold prices impact Auric’s near-term cash flow and profitability?