#awj

🎥 Auric Mining (ASX: AWJ): Building Western Australia's Next Integrated Gold Producer ⛏️🏆

From a $6M IPO to $46M cash, Auric has rapidly evolved into a profitable gold company with growing resources, production success and processing infrastructure.

🔎 Key Highlights

Munda Resource grows to 192,000oz gold (+32%)

Starter Pit produced 8,886oz, outperforming budget by 46%

Incoming CEO Gareth Solly brings a proven WA gold track record

Burbanks Processing Plant acquired to support mine-to-mill strategy

FY2025 Revenue: $8.45M (+76%)

Net Profit Before Tax: $4.10M (+212%)

$46M cash and zero corporate debt

🚀 Why Investors Are Watching

Five years ago: $6M IPO, no production, no mill. Today: $46M cash, 192,000oz resource, processing plant secured. Tomorrow: A potential integrated gold producer in the heart of Kalgoorlie.

▶️ Watch the video to see how Auric is positioning for its next phase of growth.

Auric Mining (ASX: AWJ) has delivered a major upgrade at the Munda Gold Deposit, with the Mineral Resource increasing by 32% despite recent mining depletion.

The updated Munda resource now stands at 4.20Mt @ 1.43g/t Au for 192,000oz gold, highlighting the strength of the deposit and supporting future growth plans.

🔎 Key Highlights

Munda Mineral Resource increased 32% after depletion from recent mining

Updated resource: 4.20Mt @ 1.43g/t Au for 192,000oz Au

Combined resource + stockpiles: 4.26Mt @ 1.42g/t Au for 194,000oz Au

Deposit remains open along strike and at depth

Starter Pit delivered 8,886oz gold, 46% above budget expectations

Further ~2,900oz stockpiled for future processing

High-grade drilling supported the re-estimation, including: ⤷ 14m @ 115.67g/t Au ⤷ 10m @ 40.31g/t Au ⤷ 6m @ 66.44g/t Au

Scoping Study underway for integrated Munda + Burbanks Processing Plant development

📊 Market Snapshot

Share Price: $0.300 Market Cap: $55.19M

🌍 Why It Matters

Resource growth alongside stronger-than-expected production outcomes can significantly enhance project confidence and long-term development potential. With Munda outperforming expectations and remaining open for expansion, Auric continues progressing toward its goal of becoming a more integrated WA gold producer.

Visit: https://colitco.com/auric-mining-expands-munda-gold-resource/

Auric Mining (ASX: AWJ) has officially welcomed Gareth Solly as chief executive officer and executive director, marking a major step in the company's transition toward becoming a fully integrated WA gold producer.

Solly brings more than 20 years of gold industry experience and was previously the founding Managing Director of Black Cat Syndicate (ASX: BC8), where he helped grow the company from a ~$6M explorer into a multi-asset ~100,000oz gold producer with a 2.5Moz resource base.

🔎 Key Highlights

Gareth Solly commences as CEO & Executive Director

Formal transition to Managing Director planned before December 2026

Focus areas include Burbanks gold plant rebuild and Munda restart

Extensive mine-to-mill operational and capital markets experience

Played key role in refurbishment of Paulsens & Lakewood operations

Auric targeting growth into a fully integrated WA mining house

📊 Market Snapshot

Share Price: $0.315 Market Cap: $59.86M

🌍 Why It Matters

Operational leadership with proven mine development experience can be a major differentiator for emerging gold producers. Auric’s focus is now shifting beyond exploration toward production growth, infrastructure ownership, and long-term scalability in Western Australia’s Goldfields.

Read More: https://colitco.com/gareth-solly-takes-the-helm-as-ceo-auric-mining/

In junior gold mining, drill hits and resource growth usually get the attention. But one metric matters just as much: capital efficiency.

Auric Mining (ASX: AWJ) invested $1.2M into the Jeffreys Find Gold Mine JV in Western Australia.

Final outcome:

◦ 29,537oz gold produced ◦ ~$112M in total gold sales ◦ ~$16.5M returned to Auric ◦ No major shareholder dilution along the way

That is what disciplined mine development can look like in the junior gold sector.

Jeffreys Find has now wrapped up, and Auric is moving forward with the Munda Gold Mine and Burbanks processing strategy, backed by ~$46M in cash and receivables.

In a rising gold price environment, self-funded growth and operational execution are becoming increasingly important differentiators.

📊 Market Snapshot

Share Price: $0.335 Market Cap: $61.74M

Auric has delivered its strongest quarter ever, with the Munda Starter Pit producing 8,886oz gold — 46% above budget, reinforcing its transition into a high-margin gold producer.

🔎 Key Highlights

8,886oz gold produced — major outperformance vs 6,100oz budget

Head grade surged to 3.18g/t vs 1.80g/t planned

Strong recovery of 88.67%

Gold sold at A$7,178/oz average

$46M cash + receivables, zero debt, fully unhedged

💡 Why It Matters

Auric is building serious momentum — strong production, rising gold prices, and a clear pathway to full vertical integration via Burbanks Mill.

📊 Market Snapshot

Share Price: $0.132 Market Cap: $510.91M

📈 Big Picture

With high margins, no debt, and multiple growth catalysts (Munda Main Pit + Burbanks restart), Auric is positioning for a potential re-rating as an integrated gold producer.

👉 Read more: https://colitco.com/auric-mining-munda-output-46pct-above-budget-colitco/

Auric has delivered its strongest quarter ever, with the Munda Starter Pit producing 8,886oz gold — 46% above budget, reinforcing its transition into a high-margin gold producer.

🔎 Key Highlights

8,886oz gold produced — major outperformance vs 6,100oz budget

Head grade surged to 3.18g/t vs 1.80g/t planned

Strong recovery of 88.67%

Gold sold at A$7,178/oz average

$46M cash + receivables, zero debt, fully unhedged

💡 Why It Matters

Auric is building serious momentum — strong production, rising gold prices, and a clear pathway to full vertical integration via Burbanks Mill.

📊 Market Snapshot

Share Price: $0.335 Market Cap: $62.68M

📈 Big Picture

With high margins, no debt, and multiple growth catalysts (Munda Main Pit + Burbanks restart), Auric is positioning for a potential re-rating as an integrated gold producer.

👉 Read more: https://investorhub.auricmining.com.au/announcements/7512531

Auric Mining has appointed Black Cat Syndicate founder Gareth Solly as CEO and Executive Director, marking a major leadership move as the Company accelerates its transition to a fully integrated gold producer in Western Australia.

With a planned transition to Managing Director by December 2026, the appointment brings proven mine-to-mill execution capability at a critical stage of development, particularly for the Burbanks Gold Plant.

🔎 Key Highlights

Gareth Solly appointed CEO & Executive Director (effective May 2026)

Transition to Managing Director scheduled for December 2026

Former Black Cat Syndicate MD — scaled company to ~100koz/year production & ~$1B valuation

Strong “mine-to-mill” expertise aligned with Auric’s integrated strategy

Leadership strengthened alongside Processing Lead Scott Bailey

Focus on advancing Burbanks Mill, Munda Gold Mine & regional assets

📍 Strategic Focus

Auric is executing a clear strategy to own its processing infrastructure, reduce reliance on toll milling, and unlock stronger margins through the Burbanks Gold Plant development — a key catalyst for becoming a self-sufficient gold producer.

📊 Market Snapshot

Share Price: $0.330 Market Cap: $63.61M

📈 Investor Outlook

With experienced leadership, profitable operations, and a clear pathway to infrastructure ownership, Auric is positioning for its next phase of growth in WA’s gold sector.

🔗 Read more: https://colitco.com/auric-mining-gareth-solly-ceo-colitco/