Source document
Loading sections…
Sections in this filing
Quarterly Activities Report
Auric Mining Limited and Controlled Entities ABN 29 633 470 843 | ASX: AWJ QUARTERLY ACTIVITIES REPORT 30 JUNE 2026 For personal use only Quarterly Activities Report June 2026 29 July 2026 1 Highlights Projects • Following the successful completion of the Munda Starter Pit, which outperformed expected gold production by 46%, the in situ Mineral Resource estimate was upgraded to 4.20Mt at 1.43g/t for 192,000oz Au. This upgrade is a 32% increase over the December 2024 estimate, despite depletion of approximately 10,000oz in the Starter Pit. The resource remains open along strike and at depth. • The remaining Starter Pit stockpiles total 76,000t containing 1,900oz Au. • Combined with the remaining stockpiles, the current Munda Mineral Resource at a 0.5g/t cut-off is estimated at 4.27Mt at 1.41g/t for 194,000oz Au. • Subsequent to the end of the quarter, a major RC drilling program commenced at Munda with a focus on infill and potential resource extension. • Additionally, geotechnical drilling has also commenced to assist in refining pit wall parameters for the estimation of Ore Reserves, which will occur during the second half of 2026. Scoping Study • The main body of work completed during the quarter was the advancement of mine design, process design and financial modelling for the Scoping Study assessing the integrated development of the Burbanks processing facility and the Munda deposit. • The Scoping Study was released subsequent to the end of the quarter and details robust financials from a single open pit development at Munda and the construction of a new 600ktpa processing plant at Burbanks. Results include the production of 141koz (recovered) over a 56-month period at an AISC of A$2,843/oz, using a gold price of A$5,750/oz produces an EBITDA of A$437M1. • The Company is accelerating the next phase of activities for the integrated development including approvals, long lead procurement, resource and grade control drilling and detailed engineering. Exploration • Exploration activities continued throughout the quarter with 127 aircore holes for 3,675m completed in the Chalice West and Loded Dog projects together with 31 RC holes for 4,047m drilled at the Amorphous and Foote’s Find Prospects. Assay results are expected during the September 2026 quarter and regional exploration drilling will continue throughout