ASX
206 days, 18 hours ago 
AWJ
Auric Mining Limited
Jeffreys Find Sales in 2024 Exceeds 10,000 Ounces
Auric Mining reports strong gold sales for 2024, exceeding 2023 totals, with ongoing mining campaigns at multiple sites.
Better than expected
 
ASX
209 days, 18 hours ago 
AWJ
Auric Mining Limited
Significant Ngadju Native Title Agreement Executed
Auric Mining and the Ngadju Native Title Aboriginal Corporation have finalized a significant agreement covering all of Auric's tenements on Ngadju land, ensuring long-term exploration and development clarity.
ASX
212 days, 18 hours ago 
AWJ
Auric Mining Limited
Conditional Purchase of Burbanks Gold Plant Coolgardie
Auric Mining has conditionally agreed to acquire the Burbanks Gold Processing Facility for A$4.4 million, aiming to become a fully integrated gold producer.
Better than expected
 
ASX
216 days, 18 hours ago 
AWJ
Auric Mining Limited
Jeffreys Find Gold Mine Generates $5.2M from 1,243oz
Auric Mining Limited reports further gold sales of $5.2 million from its Jeffreys Find Gold Mine, with 1,243 ounces sold and a peak price of AUD$4,233 per ounce, signaling a strong return on investment.
ASX
217 days, 11 hours ago 
AWJ
Auric Mining Limited
Cleansing Statement
Auric Mining Limited (ASX: AWJ) issued 300,000 fully paid ordinary shares on December 12, 2024, under section 708A(5)(e) of the Corporations Act 2001.
ASX
217 days, 11 hours ago 
AWJ
Auric Mining Limited
Starter Pit Ore Reserve for Munda Gold Deposit-Clarification
Auric Mining Limited (ASX: AWJ) has clarified its December 10th announcement regarding the Munda Gold Deposit Starter Pit Ore Reserve, revising the announcement at the request of the ASX.
Capital raise
 
ASX
217 days, 11 hours ago 
AWJ
Auric Mining Limited
Application for quotation of securities - AWJ
Auric Mining Limited announced the issuance of 300,000 new ordinary shares following the exercise of unquoted options at an exercise price of $0.15 per share.
ASX
217 days, 11 hours ago 
AWJ
Auric Mining Limited
Updated Resources for Munda Gold Deposit - Clarification
Auric Mining Limited (ASX: AWJ) announced an updated gold resource estimate for the Munda gold deposit, slightly reducing estimated grade but optimizing a starter pit for near-surface gold mineralization.
Worse than expected
 
ASX
218 days, 10 hours ago 
AWJ
Auric Mining Limited
Proposed issue of securities - AWJ
Auric Mining Limited (AWJ) plans to issue 300,000 ordinary shares at AUD 0.15 per share on December 12, 2024, raising AUD 45,000.
Capital raise
 
ASX
219 days, 18 hours ago 
AWJ
Auric Mining Limited
Starter Pit Ore Reserve for Munda Gold Deposit
Auric Mining Limited defines a Starter Pit Ore Reserve at its Munda Gold Deposit, projecting 7,400 ounces of gold and a potential $5.3 million in undiscounted cash flow, marking a significant step towards full-scale production in 2026.
Worse than expected
 
Delay expected
 
ASX
219 days, 18 hours ago 
AWJ
Auric Mining Limited
Updated Resources for Munda Gold Deposit
Auric Mining Limited announces an updated estimate of gold resources for the Munda gold deposit, indicating a slight reduction in grade but setting the stage for a starter pit operation by early 2025.
Worse than expected
 
ASX
230 days, 18 hours ago 
AWJ
Auric Mining Limited
142,000 Tonne Milling Campaign Commenced at Greenfields
Auric Mining Limited (ASX: AWJ) has commenced a 142,000-tonne milling campaign at the Greenfields Mill, with first gold sales expected imminently and further cash distributions anticipated in December 2024.
ASX
234 days, 18 hours ago 
AWJ
Auric Mining Limited
Investor Presentation
Auric Mining Limited (ASX: AWJ) presented an investor presentation outlining its progress, including $27.95 million in gold sales from Jeffreys Find and plans to commence mining at its flagship Munda project in Q1 2025.
ASX
238 days, 18 hours ago 
AWJ
Auric Mining Limited
Milling Started at Three Mile Hill. Target 40,000 Tonnes.
Auric Mining (ASX: AWJ) commenced ore processing at the Three Mile Hill Plant, targeting a minimum 40,000-tonne parcel with the first gold pour expected within seven days and subsequent cash distributions to Auric in December 2024.
Delay expected
 
ASX
244 days, 18 hours ago 
AWJ
Auric Mining Limited
Encouraging RC Drill Results at Spargoville Project
Auric Mining Limited (ASX: AWJ) reported encouraging RC drilling results from its Spargoville Project, with highlights including 7m @ 4.88g/t Au at the Fugitive Prospect and the opening of a new target at Anomaly 37.
Better than expected
 
ASX
259 days, 13 hours ago 
AWJ
Auric Mining Limited
Quarterly Activities Report
Auric Mining Limited (ASX: AWJ) reported strong Q3 2024 results, including $23.48 million in revenue from the Jeffreys Find gold mine's second processing campaign and significant progress at its Munda gold project.
Better than expected
 
Delay expected
 
ASX
262 days, 18 hours ago 
AWJ
Auric Mining Limited
Additional Milling to Start in 10 Days of Jeffreys Find Ore
Auric Mining's joint venture partner, BML Ventures, has secured a toll milling agreement with Focus Minerals to process up to 120,000 tonnes of ore from the Jeffreys Find Gold Mine, boosting expected cash flow.
Better than expected
 
ASX
288 days, 17 hours ago 
AWJ
Auric Mining Limited
Total Gold Sales of $23.5M from Jeffreys Find Campaign
Auric Mining Limited (ASX: AWJ) completed its second 2024 gold milling campaign at the Jeffreys Find Gold Mine, producing 6,295 ounces of gold and generating $23.5 million in sales.
ASX
303 days, 9 hours ago 
AWJ
Auric Mining Limited
Melbourne Mining Club Presentation
Auric Mining Limited (ASX: AWJ) presented its progress at the Melbourne Mining Club, highlighting significant gold production milestones at its Jeffreys Find mine and outlining plans for its flagship Munda project.
ASX
311 days, 11 hours ago 
AWJ
Auric Mining Limited
2024 Half Year Financial Report
Auric Mining Limited (ASX: AWJ) reported a net operating profit of $411,944 for the half-year ended June 30, 2024, driven by strong gold sales and a robust balance sheet.
Better than expected
 
AWJ 
Auric Mining Limited 
ASX

2024 Half Year Financial Report

Sentiment:
 Half Year Financial Report
 9 September 2024 12:17 AM

Auric Mining Limited (ASX: AWJ) reported a net operating profit of $411,944 for the half-year ended June 30, 2024, driven by strong gold sales and a robust balance sheet.

Better than expected
  Auric Mining reported a net profit for the half-year, a significant improvement from the previous year's loss, exceeding expectations given the previous year's performance. 

Summary
  • Auric Mining Limited announced its half-year financial report for the period ended June 30, 2024.
  • The company reported a net profit after income tax of $411,944, compared to a loss of ($602,593) in the same period last year.
  • Adjusted profit, after eliminating non-cash share-based payments, was $1,362,807.
  • The company had strong net current assets of $6,422,853 as of June 30, 2024.
  • Auric spent $1,245,039 on exploration and development during the six-month period.
  • Revenue from gold sales at Jeffreys Find Gold Mine totaled $4,457,343, with Auric's share of profit at $2,000,000.
  • The company is self-funding for 2024 due to mining activities at Jeffreys Find.
  • Auric is planning to purchase its office/warehouse premises for $725,000 by the end of September 2024.
  • The company entered into a nickel and lithium rights agreement for $1,200,000, with payments scheduled for December 2024 and March 2025.
Sentiment

Score: 7

Explanation: The positive net profit and strong balance sheet indicate a positive sentiment. However, the relatively low profit compared to revenue and significant exploration costs temper the overall score.

Positives
  • The company achieved a net operating profit for the half-year, a significant improvement from the previous year's loss.
  • The adjusted profit, excluding non-cash items, demonstrates strong underlying profitability.
  • The company boasts a robust balance sheet with substantial net current assets.
  • Successful gold sales at Jeffreys Find generated significant revenue.
  • The company is self-funding for the year 2024.
  • Auric is actively pursuing strategic acquisitions and exploring new opportunities.
Negatives
  • Exploration and development costs were substantial, totaling $1,245,039.
  • The reported net profit is relatively low compared to the revenue generated from gold sales.
Risks
  • The company's reliance on the Jeffreys Find Gold Mine for revenue generation poses a risk if production declines.
  • Future exploration and development activities may not yield the expected results.
  • The success of the nickel and lithium rights agreement depends on market conditions and exploration outcomes.
  • The company's financial position could be affected by unforeseen expenses or delays in projects.
Future Outlook

The company expects to continue its mining operations at Jeffreys Find Gold Mine, aiming to increase production compared to last year. They are also pursuing strategic discussions to explore new opportunities and acquisitions.

Management Comments
  • ’We have continued building our financial position with an adjusted profit of $1,362,807, after eliminating non cash share-based payments. The net current assets we have at 30 June 2024 is $6,422,853, a great position.’
  • ’As a result of the mining activities at Jeffreys Find in the past 18 months we are self-funding for 2024. We are a dynamic small gold company with a pipeline of mining activities, that will generate cash for the Company,’
Industry Context

This announcement reflects the ongoing activity in the Australian gold mining sector, with companies focusing on exploration, production, and strategic acquisitions to enhance shareholder value. The company's diversification into nickel and lithium suggests a response to broader industry trends towards battery metals.

Next Steps
  • Continue mining operations at Jeffreys Find Gold Mine and aim to increase production.
  • Complete the purchase of office/warehouse premises by the end of September 2024.
  • Make further payments as per the Nickel and Lithium rights agreement in December 2024 and March 2025.
  • Continue exploration and development activities at Spargoville and Munda projects.
Key Dates
  • January 1, 2024: Start of the reporting period
  • March 31, 2024: Date of exercise of some options
  • April 30, 2025: Performance hurdle date for Tranche 2 Incentive Options
  • June 30, 2024: End of the reporting period
  • July 22, 2024: Date of Nickel and Lithium rights agreement with WIN Metals Ltd
  • September 9, 2024: Date of the ASX announcement
  • December 1, 2024: Payment due date for Nickel and Lithium rights agreement
  • March 1, 2025: Payment due date for Nickel and Lithium rights agreement
  • April 30, 2030: Estimated vesting completion date for Tranche 2 Incentive Options
  • June 30, 2031: Estimated vesting completion date for Tranche 3 Incentive Options
Keywords
Gold, Mining, Exploration, Auric Mining, Jeffreys Find, Financial Report, ASX: AWJ, Profit, Revenue, Nickel, Lithium
AWJ 
Auric Mining Limited 
ASX
Sector: Materials
 
Filings with Classifications
Better than expected
15 July 2025 9:38 PM
Investor Presentation
  • The Jeffreys Find Gold Mine has significantly exceeded expectations by generating over $120 million in gold sales with a low acquisition and development cost of approximately $1.5 million.
  • The estimated final cash distribution to Auric from Jeffreys Find of $11.5 million to $12.5 million is a strong financial outcome.
  • The company's proforma financial estimates for FY2025 show substantial growth in total revenue to $24 million and net profit before tax to $13 million, indicating a very positive outlook.
Better than expected
8 July 2025 6:28 PM
Operational Update
  • The project is expected to yield a 'bumper final payday' with Auric anticipating around $4.0 million from this campaign.
  • Auric expects to bank more than $17 million in total from its profit share, described as a 'game changer' for the company.
  • The target of 2,750 ounces from the final campaign is considered an 'impressive result'.
Better than expected
6 July 2025 6:20 PM
Commercial Agreement Announcement
  • The execution of the toll milling and ore purchase agreement is a significant positive step, enabling the company to monetize gold from the Starter Pit and generate substantial cash flow.
Delay expected
4 July 2025 2:33 AM
Acquisition Update
  • The Wardens Court hearing, originally due on 4 July 2025, has been further adjourned to 1 August 2025, delaying the resolution of a key condition precedent for the acquisition.
Worse than expected
4 July 2025 2:33 AM
Acquisition Update
  • The Wardens Court hearing, which is a condition precedent for the acquisition, was further adjourned from 4 July 2025 to 1 August 2025, indicating a delay in the acquisition process.
Better than expected
28 May 2025 11:00 PM
Annual General Meeting Presentation
  • Net Profit Before Tax increased by a significant 212% from FY 2023 to FY 2024.
  • Total Revenue grew by a substantial 76% in FY 2024.
  • The Jeffreys Find Mine is projected to yield over $15 million in cash returns from a $1.5 million investment, indicating exceptional profitability.
  • Total Assets and Net Current Assets also showed strong growth of 62% and 135% respectively.
Capital raise
22 May 2025 8:26 PM
Capital Raise Presentation
  • The document is a capital raise presentation.
  • The total allocation of the capital raising is $6,660,000.
  • The funds are intended for the Burbanks Gold Facility and Lindsays Project.
Capital raise
20 May 2025 6:58 PM
Trading Halt Request
  • Auric Mining is planning a capital raising.
  • The details of the capital raising will be announced after the trading halt is lifted.
Worse than expected
1 May 2025 4:57 AM
Legal Update
  • The company is facing legal action, which introduces uncertainty and potential financial strain.
Better than expected
30 April 2025 1:45 AM
Annual Report
  • The company's net profit before tax increased by over 300% compared to the previous year, indicating a significant improvement in financial performance.
Capital raise
27 April 2025 11:40 PM
Notice of Annual General Meeting
  • The company is seeking approval for a 7.1A mandate, allowing it to issue up to 10% of its issued capital without further shareholder approval.
  • Funds raised from the 7.1A Mandate will be used for acquisitions, exploration, development, and working capital.
Delay expected
31 March 2025 11:10 PM
Project Update
  • The due diligence period for the Lindsays Gold Project has been extended.
Better than expected
30 March 2025 5:17 PM
Annual Report
  • The company's net profit before tax increased by 212% compared to the previous year, indicating a significant improvement in profitability.
  • Total revenue increased by 76%, demonstrating strong growth in sales.
  • Adjusted net profit before tax increased by 101%, reflecting improved operational efficiency.
Better than expected
6 March 2025 2:00 AM
Corporate Presentation
  • Stage Two gold production at Jeffreys Find has surpassed $100 million in revenue, exceeding initial expectations.
Delay expected
28 February 2025 1:12 AM
Announcement
  • The settlement date will be changed to a date yet to be agreed, indicating a delay in the original timeline.
Better than expected
23 February 2025 5:50 PM
Operational Update
  • The gold sales exceeded $100 million, surpassing initial expectations.
  • The average gold price achieved was significantly higher than the initial estimate of A$2,600 per ounce.
Delay expected
9 February 2025 5:50 PM
Announcement
  • The due diligence timeframe for the exclusive right to purchase the Burbanks Plant has been extended.
Better than expected
30 January 2025 4:13 PM
Quarterly Activities Report
  • The company exceeded expectations with gold sales of $58.7 million at an average price of $3,952 per ounce.
  • The Munda project has progressed faster than expected with the definition of an Ore Reserve and a clear path to mining.
  • The acquisition of the Burbanks Mill at a discounted price is a positive development.
Better than expected
30 January 2025 4:12 PM
Quarterly Report
  • The company reported a positive operating cash flow, which is better than many exploration companies that often report negative cash flow.
Better than expected
13 January 2025 4:22 PM
Production Update
  • The company has exceeded expectations in terms of gold sales and ore processing compared to Stage One.
  • The average gold price achieved is higher than previous sales, leading to increased revenue.
  • The company has received significant interim cash distributions, indicating strong financial performance.
Better than expected
22 December 2024 4:24 PM
Operational Update
  • The company's gold sales for 2024 have exceeded the previous year's total, indicating better than expected performance.
Better than expected
16 December 2024 4:13 PM
Acquisition Announcement
  • The acquisition price is a substantial discount to current and replacement values.
  • The acquisition will enable Auric to process its own ore, reducing reliance on third-party toll milling.
  • The potential to upgrade the plant's capacity offers significant growth opportunities.
Capital raise
11 December 2024 11:53 PM
Clarification Announcement and Pre-Feasibility Study
  • The upfront project capital cost for the starter pit is $6.5M.
  • Any delay to the treatment of ore via toll milling leads to a requirement for working capital of $8.3M, including a 35% contingency.
Worse than expected
11 December 2024 11:45 PM
Resource Update
  • The updated resource estimate shows a slight reduction in grade compared to the previous estimate.
Capital raise
11 December 2024 1:10 AM
Capital Raise Announcement
  • Auric Mining Limited is raising AUD 45,000 through the issue of 300,000 ordinary shares at AUD 0.15 per share.
Worse than expected
9 December 2024 4:46 PM
Exploration Update
  • The results are worse than expected due to the high AISC of $2,635 per ounce compared to industry averages, a lower than average gold recovery rate, and a very short mine life for the Starter Pit.
Delay expected
9 December 2024 4:46 PM
Exploration Update
  • Any delay to the treatment of ore via toll milling leads to a requirement for working capital, including a 35% contingency, $8.3M.
Worse than expected
9 December 2024 4:44 PM
Exploration Update
  • The updated resource estimate shows a slight reduction in estimated gold grade compared to the previous estimate from January 2022.
Delay expected
20 November 2024 4:18 PM
Operational Update
  • Heavy rain has slowed down the haulage of ore to the Three Mile Hill Plant, potentially impacting the overall processing timeline.
Better than expected
14 November 2024 4:22 PM
Exploration Update
  • The drilling results exceeded expectations, revealing high-grade gold intercepts at the Fugitive Prospect and opening a new exploration target at Anomaly 37.
Delay expected
30 October 2024 10:20 PM
Quarterly Report
  • The Munda Gold Project's timeline has been delayed due to DEMIRS requiring a Mining Proposal for a larger area than initially planned.
Better than expected
30 October 2024 10:20 PM
Quarterly Report
  • The Jeffreys Find gold mine's second processing campaign exceeded expectations, generating significantly higher revenue than anticipated.
Better than expected
27 October 2024 5:20 PM
Operational Update
  • The securing of a toll milling agreement with Focus Minerals for a significant amount of ore surpasses previous expectations and ensures expedited cash flow for Auric.
Better than expected
9 September 2024 12:17 AM
Half Year Financial Report
  • Auric Mining reported a net profit for the half-year, a significant improvement from the previous year's loss, exceeding expectations given the previous year's performance.
Better than expected
5 September 2024 6:20 PM
Exploration Update
  • The aircore drilling results exceeded expectations by confirming high-grade gold intersections at the Fugitive Prospect and identifying additional promising targets at the Anomaly 37 Prospect.
Capital raise
25 July 2024 6:21 PM
Quarterly Cash Flow Report
  • The document includes questions about the entity's plans to raise further cash to fund its operations if it has less than 2 quarters of funding available.
  • This suggests a potential need for a capital raise in the future.
Worse than expected
25 July 2024 6:21 PM
Quarterly Cash Flow Report
  • The company's net cash from operating activities was negative, indicating it spent more than it earned from operations.
  • The company has negative cash available for future operating activities, suggesting potential funding challenges.
Better than expected
24 July 2024 6:23 PM
Production Update
  • The company expects cash surpluses well in excess of what they had budgeted and anticipated due to the increasing gold price.
Better than expected
4 July 2024 6:18 PM
Missing type for ID: 5160
  • ASX:AWJ announces better than expected results.
Better than expected
28 May 2024 7:11 PM
Production Update
  • The average selling price of gold was $543 per ounce better than last year.
Better than expected
29 April 2024 6:32 PM
Quarterly Activities Report
  • The company is targeting to mine 300,000 tonnes of ore in 2024, significantly more than the 176,000 tonnes processed in 2023.
Capital raise
22 April 2024 12:33 AM
Notice of Annual General Meeting
  • The company is seeking approval for a 7.1A mandate, which would allow it to issue up to an additional 10% of its issued capital without further shareholder approval.
  • The funds raised from these equity securities would be used for various purposes, including acquisitions, exploration, development, and working capital.
Better than expected
18 April 2024 11:14 PM
Annual Report
  • The company reported a profit after income tax expense for the year attributable to the owners of Auric Mining Limited of $1,313,644 compared to a loss of $1,106,692 in the prior year.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.