Auric Mining Ltd. (AU:AWJ) has released an update.
Auric Mining Ltd. announced the commencement of Stage Two Mining at Jeffreys Find Gold Mine, with an anticipated 300,000 tonnes of ore to be mined in 2024 and gold sales expected in early May. The Munda Gold Project has completed assays for 361 drill holes and is proceeding with metallurgical testwork, while the company has also bolstered its finances with over $2.6 million from option exercises and reports a healthy cash reserve.
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