Auric Mining are 100% owners of 2 advanced gold projects in the Widgiemooltha area of Western Australia, the Munda Gold Project and the Jeffreys Find gold Project. Both are on granted Mining Leases and with near term development potential. Auric also holds title to two exploration licences (EL’s) with demonstrated gold anomalism at Spargoville and seeks to acquire further quality exploration and development landholdings in the area.

The Widgiemooltha district is 631km east of Perth and has a long and distinguished mining history with numerous gold, nickel and rare metal mines. Even with the extensive mining history in the area, considerable exploration prospects remain with several significant gold project developments in the past ten years, including (1) Mincor’s Widgiemooltha Gold Project (5.5Mt at 1.9g/t for 328,700oz Au), (2) Karora Resources’ Beta Hunt (10.1Mt @ 2.9g/t for 944,000oz Au), and (3) Polar Bear Project (6.24Mt @ 1.71g/t for 353,000oz Au).

1. (ASX:MCR) Announcement 7 November 2017; Gold Mineral Resource Inventory Update for the Widgiemooltha Gold Project
2. (ASX:RNC) Announcement 13 August 2019; RNC Minerals Filing of Technical Report for Beta Hunt Gold Resource Update
3. (ASX:WGC) Announcement 2 October 2018; 2018 Annual Update of Mineral Resources and Ore Reserves – Amended Announcement