Auric Nears Final Gold Push at Jeffreys Find

Konrad Forrest
Auric

15 May 2025 | East Perth, WA – Auric Mining (ASX:AWJ) is set to complete its final milling campaign at the Jeffreys Find Gold Mine near Norseman, with approximately 60,000 tonnes of ore on track to be processed at the Three Mile Hill Mill in Coolgardie starting early July.

With 16,000 tonnes already stockpiled and haulage continuing daily, the campaign is expected to yield around 2,750 ounces of gold, pushing total production from Jeffreys Find above 30,000 ounces.

Key Highlights:

  • Milling scheduled to conclude by end of July 2025

  • Surplus cash expected: $7M–$9M to be split 50:50 with JV partner BML Ventures

  • Auric’s share estimated at $3.5M–$4.5M, adding to the $15M+ already banked from the project

  • Funds will support ongoing development at the Munda Gold Mine

Managing Director Mark English said:

“It’s a bumper final payday from Jeffreys Find. Most of the mining costs are behind us, and we’re set to benefit from a strong gold price. This has been a game changer for Auric as we transition into a gold producer in our own right.”

Rehabilitation and demobilisation activities are now underway, marking the final stages of the Jeffreys Find venture.