The company has secured full funding for the starter pit operations through the proceeds from mining at the Jeffreys Find Gold Mine near Norseman.
Funding for the starter pit has been secured through revenue from the Jeffreys Find Gold Mine near Norseman. Site preparations, including a new haul road, run-of-mine pads, and a waste dump, are complete, alongside essential infrastructure such as a mine site office and camp.
Mining activities have begun with free-digging in the weathered upper layers of the pit. Auric Mining anticipates the need for blasting within two weeks as operations reach fresher rock layers. The Munda gold mine holds an estimated resource of 145,000 ounces of gold. Following the starter pit phase, the company plans to develop the main pit, with operations expected to start in 2026.
Mark English, Auric Mining’s managing director, stated: “We can currently dig without blasting and anticipate the first blast will be sometime in the next two weeks as we get down into fresher material. It won’t be long before ore stockpiles build at Munda. This is an exciting time for Auric. When we bought the tenements in September 2020 it was always our intention to get into production as quickly as possible. Munda is our major asset. We have a target to mine 125,000t of ore from the starter pit and produce around 6,100oz of gold at a projected AISC of A$2,635/oz.”
In April 2025, Auric Mining mobilized plant and equipment to initiate development of the Munda gold mine starter pit. This milestone reflects the company’s commitment to efficient resource development, contributing to the region’s mining sector and sustainable economic growth.
