Auric Mining Ltd (ASX:AWJ) MD Mark English tells Proactives Andrew Scott the company is now a gold producer. He says the toll milling and processing of the first batch of 36,000 tonnes of ore from the Jefferys Find Gold Mine has been completed. Seven dor bars have been dispatched to Perth Mint for final refining.
A short-term project, Jeffreys Finds mine life is only expected to run until early 2025 at the latest. The mine is a joint venture between Auric and Kalgoorlie-based gold mine developer BML Ventures Pty Ltd.
BML are incurring and paying all mining costs and expenses.
Today is an exciting milestone for Auric and our shareholders. We have gone from purchasing Jeffreys Find to mining it and producing gold within 2.5 years of our ASX listing. There is a lot more work to be done, results to be received and cash generated from this stage one mining of Jeffreys Find. said English.
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Auric Mining Ltd
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