AURIC for Crude processing at Lakewood Mill under a new agreement

Auric Mining has announced the implementation of the crude grinding agreement and a crude purchase agreement with Syndicate Black Cat to process raw raw mine in Lakewood Mill in Kalgoorie, West Australia.

It was signed on July 4, 2025, the contract allows to process up to 125,000 tons of crude, which effectively provides the output of the entire novice hole.

Monda Gold Mine resources, which include each of the aforementioned categories, is about 3.65 million tons (MT) with a total gold content 145,000 ounces, based on a cut of 0.5 g/ton.

Auric projects that will be extracted 125,000 tons of raw from a starting hole, with an expected degree of 1.8 g/ton, which is expected to result in about 6,100 ounces of gold after recovery operations.

development Monda Gold mine It started in April, while filling the necessary plants and equipment.

The Ministry of Energy, Mines, and Organization in Industry and Safety in Australia in Australia has agreed to propose mining and the mining plan for the Monda hole.

It is expected that the novice hole mining will extend for five months, with the aim of completing in late 2025.

The first batch of crude is scheduled to be treated in October, with a minimum of 40,000 tons. Subsequent payments are expected to perform between November 2025 and January 2026.

After completing the novice hole, the Auric plans to focus on the main munda hole, with the start of detailed and scope planning around the second quarter of 2026.

“This was the last main piece of missing to enable us to finish mining and treat and sell all gold from the beginning of the beginning of 2025,” said Mark Engelich, Administrative Director of Auric Mining.

“After the last first explosion at Munda Gold Mine in WidgiemoolTha, the mining is now good. The implementation of this agreement with Black Cat to process Monda raw in Lakewood Mill, just 100 km away, is a great result for us.

“The presence of a home of Monda crude will enable Erik to liquefy each of the novice hole. We expect that all the crude produced will be treated by January 31, 2026, and the final ARIC revenues that it received by February 28, 2026.”

“Auric Mining to Treat Crude in Lakewood Mill under a new agreement” originally created and published by Mining technologyThe brand owned by Globaldata.

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