Auric Mining Limited (ASX:AWJ) Quarterly Activities Report

HIGHLIGHTS

JEFFREYS FIND GOLD MINE
• Stage One mining completed. Sold 9,741 ounces of gold, for $29.28 million gross revenue.
• Net surplus cash generated of $9.53 million.
• Total cash proceeds to Auric $4.77 million being 50% share of surplus cash.

MUNDA GOLD PROJECT
•Grade control drilling program commenced on 1 November 2023 and was completed in early January 2024.
•A total of 351 Reverse Circulation (RC) holes drilled. Assay results for 244 of these holes received.
•RC drilling underway testing targets within 1km east of Munda. Grade control follow-up holes planned based on assays received to date.

CORPORATE
•Auric finished the year with $4.49 million cash at bank.
•Auric has sufficient cash to complete all proposed activities in 2024.