Auric hits high-grade gold beyond WA Munda pit shell

A key piece of that puzzle fell into place recently when the company pulled off a mighty coup, snapping up a significant package of processing machinery for its Burbanks gold plant south of Coolgardie for just $1.2 million, against an estimated replacement value of between $15 million and $20 million. The bargain-basement buy is set to help bring the planned 600,000-tonne-per-annum carbon-in-leach processing plant to life in 2027.

Owning its own mill will allow Auric to control the full production cycle, processing ore from both Munda and its other nearby projects.

With geotechnical diamond drilling now complete, the company expects to deliver a final pit design and an updated ore reserve estimate for Munda next month.

Auric appears to be ticking all the right boxes, from continuing to uncover high-grade ounces at Munda to securing a processing plant for a song. With the pieces now falling into place, the company is gearing up for is likely an all-out gold assault when mining at Munda kicks back into gear in the new year.

Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au