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AWJ - Auric Mining

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Auric Mining Limited was established for the purpose of acquiring and then proceeding to explore and develop gold projects in the Widgiemooltha and Norseman regions of Western Australia.

Following its admission to the ASX, the Company's gold and exploration projects will include the:

(a) Munda Project, by virtue of the Company's wholly owned subsidiary, Widgie Gold Pty Ltd holding a 100% legal and beneficial interest in M15/87 (other than nickel and lithium rights) and L15/414, of which M15/87 was acquired, together with rights in respect of L15/397, from WA Nickel Pty Ltd (a wholly owned subsidiary of Estrella Resources Limited);

(b) Jeffreys Find Project, by virtue of the Company's wholly owned subsidiary Jeffreys Find Pty Ltd holding a 100% legal and beneficial interest in M63/242, which was acquired from Mincor Resources NL; and

(c) Spargoville Project, by virtue of the Company's wholly owned subsidiary Spargoville Minerals Pty Ltd acquiring a 100% legal and beneficial interest in E15/1688 (application) and E15/1689 from Mariner Mining Pty Ltd,

It is anticipated that AWJ will list on the ASX during January 2021.

 
did they raise the money? Putative date (a Sunday, so.... what's going on? ) has come and gone:


Listing date10 January 2021 #
Contact details Ph: +61 8 6166 9433
Principal ActivitiesMining exploration
GICS industry groupTBA
Issue Price$0.25
Issue TypeOrdinary Fully Paid Shares with free attaching option for every two shares subscribed
Security codeAWJ
Capital to be Raised$8,000,000
Expected offer close date17 December 2020
UnderwriterNot underwritten. Conrad Capital Group Pty Ltd (Lead Manager)
 
I'd rather you do it for me for free, with thanks. ?

So, they have a big pile of dirt (hopefully paydirt) and their waiting for a 3 ton tipper from Tipperary (a possibility...) to start hauling it... to how far away? On dirt roads or sealed, or combination thereof?

If you could go ahead and get back to me with that info this afternoon, gee, that would be swell.

 
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Auric Mining AWJ @ 0.04c recently announced below.. thinking should now be cash flow positive $$ given our very healthy AUD Gold price of almost $3K so am keen to hear their next update .. dyor

Screenshot_2023-08-23-10-12-26-89_e2d5b3f32b79de1d45acd1fad96fbb0f.jpg
 
AWJ announcement earlier today per below :) resultant sp finished @ 0.05c +22%!

View attachment 161396
This whopping 6.6kg gold doré bar is worth more than half a million dollars!

Screenshot_2023-08-26-13-10-47-53_df198e732186825c8df26e3c5a10d7cd.jpg


Auric Mining AWJ first toll milling campaign on gold-bearing ore from its Jeffreys Find mine has yielded 1721 ounces of gold – and more than $5.05 million in revenue!

But management says it is just the beginning, with a package of about 145,000 tonnes of ore still in haulage for processing during September '23 which in turn, will provide AWJ a significant cash boost by October '23

AWJ Directors been loading up buying on-market

Screenshot_2023-08-26-23-45-31-63_81b5f59f81a9801c9f112972edbe649b.jpg


 
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This whopping 6.6kg gold doré bar is worth more than half a million dollars!

View attachment 161453

Auric Mining AWJ first toll milling campaign on gold-bearing ore from its Jeffreys Find mine has yielded 1721 ounces of gold – and more than $5.05 million in revenue!

But management says it is just the beginning, with a package of about 145,000 tonnes of ore still in haulage for processing during September '23 which in turn, will provide AWJ a significant cash boost by October '23

AWJ Directors been loading up buying on-market

View attachment 161454


AWJ now @ 0.057c +14% this morning :)
 
Open 'price gap up' left @ 0.051c got filled/closed on chart (important that gaps fill/close imo)

P.S. vwap of 0.053c thus far on excellent volume
 
  • Auric Mining (ASX:AWJ) is set to commence stage two mining at the Jeffreys Find gold mine near Norseman, Western Australia
  • Mining will kick off in the week starting March 4, and the objective is to extract a minimum of 300,000 tonnes of ore
  • Auric Mining expects the first cash inflow in the last quarter of 2024, with additional cash expected in the first quarter of 2025
 
lie with dogs, get fleas

from AFR

" ...It’s hard not to marvel at schemes when they’re so brazen. Former journalist Ross Dunkley hatched a fun one, using pseudonyms to post about ASX-listed gold miner Auric on the pump-and-dump website HotCopper.

Dunkley was Auric’s head of investor relations. He also used usernames “LENIN” and “GOLDATWIDGIE” to make sterling posts like “What a sexy little beast Auric is” and “I’m a newby here and I’ve just bought a sizeable package of Auric shares”. There were more than 300 posts like it....

Well, eagle-eyed watchers of Auric’s ASX announcements will have noticed that last week, the company cancelled a parcel of employee share options.

Something cracked the teacup. The employee whose share options were cancelled was Dunkley, according to [MD Mark] English. He now no longer works at the company
...
 


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