Auric Mining (ASX:AWJ) has begun a 142,000-tonne milling campaign at the Greenfields Mill with ore processes from the Jeffreys Find Gold Mine in Western Australia.
The campaign is expected to run for seven weeks and is scheduled to be completed near the end of January 2025.
Auric, which has a market capitalisation of $45.33 million, says prior to starting the campaign 54,000 tonnes of gold were on the run-of-mine (ROM) pad at Greenfields.
Meanwhile, more than 85,000 tonnes are also on the Jeffreys Find Mine’s site ROM pad awaiting transport to the mill.
Greenfields will be conducting a weekly gold pour during the campaign with all gold to be refined and sold at The Perth Mint.
Managing Director Mark English says it wont be long before gold is at The Perth Mint ready for sale.
“All the ore going through the mill is high-grade ore,” he says.
“We expect this campaign to produce the highest number of ounces for the year. NML have entirely switched their efforts onto getting the required amount of tonnes to the mill and haulage is taking place around the clock.
“With gold to be sold shortly it won’t be long before the first cash will be paid to Auric. Cash disbursements will continue for us into the New Year. With a very solid gold price we couldn’t possibly be selling gold at a better time.”
The joint venture with BML Ventures is on target to complete the processing of 30,000 tonnes of ore at Greenfields from the second stage of the project.
Under the JV, BML are the miners, operators, and managers of the Jeffreys Find Project. BML incurs and pays all mining, haulage, milling costs and all related expenses. Both companies will split cash proceeds on a 50:50 basis.
Auric Mining is a Western Australian gold explorer and developer focused on gold discoveries in the Widgiemooltha District.
Write to Aaliyah Rogan at Mining.com.au
Images: Auric Mining
