Auric Mining Ltd. (AU:AWJ) has released an update.
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Auric Mining Ltd. has announced an Ore Reserve for a Starter Pit at its Munda Gold Deposit, estimated to yield 7,400 ounces of gold over a five-month project life. The financial model projects an undiscounted cash flow of $5.3 million, with mining scheduled to commence in March 2025. This development marks the initial phase of Auric’s broader mining strategy, aiming for full production by 2026.
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