Auric Mining (ASX: AWJ) has completed a sales agreement for the acquisition of four tenements related to the Lindsay’s gold project at Gindalbie, northeast of Kalgoorlie in Western Australia.
Auric – which has already paid $300,000 to vendors Top Global Mining in part consideration on top of a $100,000 – will pay an additional $1.6 million within seven days of final resolution, with $2m worth of AWJ shares also to be issued at a price based on the 15-day volume-weighted average price at that time.
The company expects to add three more tenements to its portfolio in oncoming weeks, following successful resolution of litigation currently before the Warden’s Court.
Big Finish to the Year
Managing director Mark English said the signing of the agreement added to a superb finish to 2025 for the company.
“We are absolutely delighted to have inked this deal for four tenements, which combined are a key aspect of the Lindsay’s gold project," he said.
“Add in all these Lindsay’s tenements and undoubtedly it is a further significant step toward fulfilling our ambitions through securing a package that we have been relentless in acquiring over the past year.”
Successful Munda Gold Pours
The tenement acquisition comes after Auric announced earlier this week that it had completed its first three pours from the starter pit at the Munda gold mine, also in WA.
The company will receive $8.8m – after haulage and payment of milling costs to Black Cat Syndicate and Lakewood Mill – from the sale of 2,355 ounces of gold at an average price of $6,200/oz.
The company has scheduled a second 65,000-tonne processing campaign in mid-January as part of the same contract, and is now preparing to undertake detailed planning and scoping for the development of the main pit at Munda, with work scheduled to begin in early 2026.
Mr English said the main pit provides an opportunity to expand production and reinforce Auric’s ambition to become an integrated, sustainable, mid-sized gold producer.
