Auric Mining: Mining to Recommence at Jeffreys Find. Toll Mill Contract for Minimum 300,000 Tonnes.

Auric Mining Limited (ASX:AWJ) announced that the company has signed a toll milling agreement with the Greenfields Mill in Coolgardie to process a minimum of 300,000 tonnes of ore in 2024 from stage 2 of the Jeffreys Find Gold Mine. Mobilisation of equipment has commenced with mining to start the week commencing 4^th of March, 2024. The first delivery of ore to the mill is expected to occur in Mid-April this year.

Stage 1 production from the Jeffreys Find Gold Mine delivered a $4.8M surplus to Auric from 175,000 tonnes of ore. Given stage 2 is a significantly larger operation, we expect it to generate significant positive cash flow for Auric during late 2024 and early 2025. The company has paid $1.0M to BML as a working capital contribution. This will be paid back before profits are distributed to the joint venture partners.