Auric Mining's Munda Starter Pit Yields 46% More Gold
Sydney News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Auric Minings inaugural mining campaign at Munda starter pit in Western Australia yielded impressive results, surpassing gold production targets by 46%. With an average head grade of 2.46 grams per tonne and recovery rates of 89.5%, the deposit appears larger and richer than initially projected. The company now holds $43.5 million in net cash, bolstered by a $2.2 million payout from closing a joint venture. Aurics strategic timing of gold sales and potential future processing of 18,000 tonnes of ore on site position them for even greater returns as they plan for the main open pit at Munda.
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