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flag Auric Mining starts processing gold ore from its Munda mine, aiming for first revenue by November.

flag Auric Mining is set to begin processing gold ore from its Munda mine in Western Australia, with the first shipments expected at Black Cat Syndicate’s Lakewood mill in late October. flag The company, which has stockpiled 40,000 tonnes of high-grade ore, will transport 60,000 tonnes via TLL Haulage under a toll milling agreement, with JT Metallurgical Services overseeing the process. flag Auric aims to generate its first gold revenue by November, projecting 6,100 ounces at an all-in sustaining cost of $2,635 per ounce. flag With gold prices near $5,600 per ounce, the project’s profitability is significantly higher than earlier forecasts. flag The toll milling approach avoids high capital costs, allowing focus on exploration and development of the larger Munda main pit. flag An updated scoping study is expected in Q2 2026. flag Auric’s prior success at Jeffreys Find, which yielded $14.5 million in profit, supports its strategy of revitalizing underutilized assets.

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