Auric Mining Quarterly Activities Report

Highlights

Jeffreys Find Gold Mine

• First Gold Processing Campaign Completed: Commenced in mid-April 2024, processing approximately 30,300 tonnes of ore and producing six doré bars weighing 64.68 kg, generating $4.46 million in revenue for the Joint Venture with milling at Greenfields Mill in Coolgardie.
• Stage 2 Mining: Stage 2 aims to extract a minimum of 300,000 tonnes of ore in 2024/2025, with round-the-clock operations using larger equipment to double the 2023 output.

Munda Gold Project

• Grade Control Completed: Grade control drilling on an initial 10m x 10m pattern was completed and mine planning progressed substantially, with detailed mine planning underway.

Spargoville Gold Project

• Drill Results: On 4 June 2024, results from a six-hole RC drilling program have outlined a large and prospective basement gold target beneath shallow mineralisation in weathered rock.

Corporate

• The company reported a strong financial position with $3.4 million in cash at the end of the quarter.
• Completion of the 31 March 2024 option issue and finalise issue of all shares.
• Current issued share capital is now 148,553,371 shares.