Auric Mining (ASX:AWJ) has received its final $2.2 million cash distribution from BML Ventures, representing Auric’s share, with additional proceeds, from the final toll milling campaign at the Jeffreys Find Gold Mine in Western Australia.
Jeffreys Find was a 50:50 joint venture between Auric and BML, with BML taking the lead as mining contractor and project operator.
Auric’s initial cash investment was $1.2 million into the project and total cash share has been approximately $116.5 million.
This final toll milling campaign processed approximately 60,000 tonnes of ore at the Three Mile Hill Mill near Coolgardie.
Managing Director Mark English says that the results from Jeffreys Find are “stellar” and represents a robust final result to the joint venture.
“Jeffreys Find has been an absolute game changer for Auric, accelerating our transition from explorer to producer,” English says.
“The success of the project has significantly strengthened the company’s balance sheet and supported the development of our Munda Gold Mine, where Auric has recently completed its starter pit mining campaign to similar outstanding results.”
The final payment brings Auric’s total combined value of cash, bullion, and listed investments to $43 million as of 11 March 2026.
Auric Mining is a gold mining and exploration company with assets east of Perth in Western Australia.
Write to Amy Rotman at Mining.com.au
Images: Auric Mining
