Auric Mining Restricted (ASX: AWJ) (Auric or the Firm) is happy to announce reconciliation of the second gold milling marketing campaign for 2024 from the Jeffreys Discover Gold Mine (the Venture), close to Norseman, WA. This marketing campaign ran for 42 days, starting on 24 July 2024 and ending on 4 September 2024.
HIGHLIGHTS
- The second toll milling marketing campaign for 2024 has been accomplished.
- 6,295 ounces of gold produced from 128,000 tonnes milled.
- Gold gross sales for this marketing campaign whole $23.5 Million.
- Highest sale value at AUD$3,859 per ounce.
- Common sale value at AUD$3,731 per ounce.
- Auric has acquired preliminary surplus money distribution of $2.0 Million.
MANAGEMENT COMMENT
Managing Director, Mark English, stated: “We’re within the sweetest potential place with the mining of Jeffreys Discover.
“Complete manufacturing for the yr has handed 7,500 ounces. One other toll milling marketing campaign is scheduled for the top of November. Will probably be a mighty run house for Auric because the venture attracts to conclusion.
“While the marketing campaign processed decrease tonnes than anticipated, the gross income was larger as a result of extraordinary gold value.
“The reconciled yield of 1.65 g/t was marginally beneath expectation however the restoration of 93.2% was wonderful.
“BML has a contract with Greenfields for 300,000 tonnes to be processed so it received’t be lengthy earlier than milling begins once more. We’re anticipating an extra 142,000 tonnes to be processed in 2024 and early into 2025 at Greenfields.
“Jeffreys Discover will produce substantial money for Auric. It has been an impressive funding,” stated Mr English.
Picture: The Jeffreys Discover Pit; 30 September 2024.
By Auric’s three way partnership companion BML Ventures Pty Ltd of Kalgoorlie (BML) a complete of 127,610 dry metric tonnes was processed by The Greenfields Mill at Coolgardie (Greenfields or Mill) with a reconciled restoration of 93.2%.
A complete of 6,295 ounces of gold was recovered at a reconciled head grade of 1.65 g/t.
Gold gross sales amounted to $23.48 Million for the marketing campaign with a median gold value of AUD$3,731 per ounce. The very best gold value achieved throughout the marketing campaign was AUD$3,859 per ounce.
Stage Two of mining in 2024 has now produced 7,551 ounces of gold with whole gold gross sales up to now of $27.95 Million.
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