Auric Mining's Integrated Project Clears Path for Gold Producer in Western Australia

Auric Mining Limited (ASX: AWJ) has announced positive outcomes from an Integrated Burbanks and Munda Scoping Study, which supports the re-establishment of the Burbanks processing facility and restart of mining at the Munda gold deposit in Western Australia's Goldfields region.

The study demonstrates a viable pathway to establish a standalone integrated gold producer with capital costs estimated at $94.3 million for Burbanks and $7.5 million for the Munda open pit operation.

The project is projected to generate $812 million in revenue, with an all-in sustaining cost of $2,843 per ounce at a base case gold price of A$5,750 per ounce.