Auric Mining began processing gold ore from its Munda project in Western Australia three days early, aiming for first gold revenue in November.

Auric Mining has started processing gold ore from its Munda project in Western Australia three days early, with the first 60,000-tonne batch of high-grade ore now being milled at Kalgoorlie’s Lakewood Mill. The company expects to generate its first gold revenue in November, forecasting 6,100 ounces from up to 125,000 tonnes grading 1.8 g/t, with an initial all-in sustaining cost of $2,635 per ounce. Elevated gold prices above $6,300 per ounce are boosting projected returns. The early start provides critical cash to fund further exploration and development. The starter pit, using a dry-hire fleet and local support, features shallow, free-digging ore with a low strip ratio, enabling cost efficiency. Data from the campaign will inform plans for a larger main pit, where the deposit holds 3.65 million tonnes at 1.23 g/t, with potential to reach 189,000 ounces. A 2023 study had already shown strong potential, now amplified by current market conditions.