Auric golden gift keeps giving with 32% resource spike at WA mine
Auric Mining has announced a significant increase in the gold resource at its Munda mine in Western Australia, with a 32% rise to 192,000 ounces. This upgrade follows a successful Starter Pit campaign that exceeded production expectations and improved the company's geological understanding. The revised resource model reflects a stronger gold market, contributing to the enhanced estimates.
- ▪Auric Mining's Munda gold resource increased by 32% to 192,000 ounces.
- ▪The Starter Pit campaign outperformed production forecasts, recovering 8,886 ounces of gold.
- ▪The revised resource model is based on a gold price of A$7,000 per ounce, compared to A$3,200 in previous estimates.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.