The latest announcement is out from Auric Mining Ltd. ( (AU:AWJ) ).
Auric Mining Limited has announced the execution of a Binding Letter Agreement to acquire the Lindsay’s Project from Top Global Mining Pty Ltd and NBC Mining Pty Ltd. The project, located near Kalgoorlie, WA, includes eight tenements and the partially mined Parrot Feathers gold deposit. This acquisition aligns with Auric’s strategy to expand its gold production capabilities and is expected to facilitate near-term open-pit mining operations. The purchase, valued at $4 million in cash and shares, is seen as a significant step towards sustained production growth for Auric, with plans to commence mining in 2025.
More about Auric Mining Ltd.
Auric Mining Limited is a company in the mining industry, primarily focused on gold production. The company is engaged in acquiring and developing gold mining projects, particularly those near existing mills in the Kalgoorlie region, to enhance its production capabilities.
YTD Price Performance: -11.76%
Average Trading Volume: 588,751
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$44.69M
Learn more about AWJ stock on TipRanks’ Stock Analysis page.