In a sparkling start for Western Australia's newest gold operation, Perth-based Auric Mining has struck its first major payday from the Munda Gold Mine. The company has successfully banked approximately $1.1 million from its inaugural gold sales, marking a significant milestone for the emerging miner.
The golden haul comes from processing 7,500 tonnes of ore at a third-party treatment facility, yielding 593 ounces of the precious metal. This initial success demonstrates the project's viability and cash-flow potential right out of the gate.
More Gold in the Pipeline
Auric isn't resting on its laurels. The company has already mined an additional 5,000 tonnes of ore ready for processing, with crushing operations scheduled to commence shortly. This next batch promises to deliver another substantial cash injection to the company's coffers.
Managing Director Mark English expressed his enthusiasm about the project's early success. "The first gold sales from Munda represent a transformative moment for Auric," he stated. "We're not just talking potential anymore - we're delivering real revenue and building momentum."
Strategic Processing Approach
Unlike traditional mining operations that build their own processing plants, Auric is taking a capital-light approach. The company is utilising the Greenfields Mill in Coolgardie to process its ore, significantly reducing upfront costs and accelerating the path to production.
This smart operational strategy allows the company to generate early cash flow while continuing to explore and develop the Munda deposit's full potential. With more than 12,000 tonnes of ore already extracted and awaiting treatment, the revenue stream appears set to continue growing.
Bright Future for WA Gold
The successful start at Munda reinforces Western Australia's position as a world-class gold mining jurisdiction. For Auric shareholders and the broader WA mining community, this initial $1.1 million triumph signals the beginning of what could become a significant new gold producer in the state's richly endowed eastern goldfields region.
