Auric Mining has completed the sales from the inaugural two gold pours from its Munda mine in Western Australia, ahead of schedule at Black Cat Syndicate Lakewood Mill.
Processing of this first 60,000 tonne parcel of ore concluded on 2 November, with the first 980 ounces of gold sold at A$6,138 an ounce and a second 810 ounces sold at A$6,118 an ounce, for an average of A$6,130 an ounce. The total gross revenue to date is just below $11 million.
“We are ahead of schedule and thrilled to be delivering our first cash from Munda this week – a great close to the year for Auric,” said Managing Director Mark English.
“With Munda continuing to perform well, this also sets the tone for an excellent start to 2026. We couldn’t be happier with how things are progressing. It’s another big step for the company, as well as a pivotal milestone in the overall development of our Munda gold mine.”
A second processing campaign is envisaged in the new year to deal with the 65,000-tonne contract balance. The treatment arrangement with Black Cat represents a cost-effective pathway to monetise the Munda Starter Pit ore while positioning Auric for long-term growth.
With the Starter Pit campaign complete, Auric will commence detailed planning and scoping for the Munda Main Pit, with work scheduled to begin in the first quarter of 2026. The Main Pit represents a major opportunity to expand production and reinforce Auric’s ambition to build into an integrated, sustainable, mid-sized gold producer.
Source: Auric Mining