Auric Mining Unveils Ore Reserve for Munda Starter Pit

Auric Mining Ltd. (AU:AWJ) has released an update.

Auric Mining Ltd. has announced an Ore Reserve for a Starter Pit at the Munda Gold Deposit, projecting 7,400 contained ounces calculated at a gold price of AUD$3,500 per ounce. The company anticipates a 5-month mine life with an undiscounted cash flow of $5.3 million, as it advances toward full production by 2026. This development marks a significant step in Auric’s mining strategy, aiming to enhance understanding of the deposit before scaling up operations.

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