Claims extracted
18
sentences that state something as happening or true
Uncertain
0%
0 of 18 hedged
("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
61/100
The Sydney Morning Herald's corrections and
hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Auric Mining looks set to expand its Munda gold deposit near Widgiemooltha in Western Australia, following a suite of impressive recent drill results that included a four-metre hit at a hefty 10.49 grams per tonne (g/t) gold roughly 100m west of the planned open pit.
asserted
that → look → pit
The high-grade extensional result came from a broad-spaced reverse circulation (RC) drilling program designed to shore up both the existing ounces and to test for resource growth beyond the current pit design.
asserted
result → come → design
The close-spaced grade control drilling program, targeting the top 30m of the planned pit, also delivered a suite of impressive near-surface results, including a peak intercept of 15m running at 5.56g/t gold from just 6m.
That interval also housed a richer 3-metre core at 19.30g/t.
asserted
interval → target → t.
Other notable shallow hits included 4m at 19.34g/t gold from 9m and 9m at 7.82g/t from 17m.
‘The high-grade extensional 4m at 10.49g/t gold supports the potential to grow the Resource along strike beyond the current pit design.
asserted
m → include → design
The company says the results are an encouraging start to a substantial drilling campaign aimed at de-risking the next stage of development ahead of a planned mine restart in 2027.
asserted
results → say → 2027
Auric Mining managing director Mark English said: “These initial results are an encouraging start to our substantial drilling program at Munda.
asserted
results → say → Munda
The high-grade extensional intercept of 4m at 10.49 g/t gold supports the potential to grow the Resource along strike beyond the current pit design, while the grade control results continue to demonstrate strong near-surface mineralisation within the planned open pit.
asserted
results → support → pit
The work follows an exceptionally successful starter pit mining campaign at Munda which produced 8886 ounces of gold and outperformed its predictions by a whopping 46 per cent.
asserted
which → follow → cent
After costs, the gold sold for a staggering $43.5 million, teasing at what is to come from the remaining 192,000 in-ground ounces grading 1.43g/t gold.
asserted
what → sell → gold
Auric also pulled off its lucrative joint venture at the Jeffreys Find gold mine - completed earlier this year - banking $16.5 million in cash for the company from an initial investment of about $1.2 million.
asserted
Auric → pull → million
The windfall has helped swell Auric’s war chest to almost $38 million, giving it plenty of financial firepower to roll out its near-term expansion plans across the Eastern Goldfields and pursue its ambition of becoming what the company calls “Australia’s next integrated mining house”.
asserted
company → help → what
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.
asserted
company → fall → 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.
asserted
buy → set → 2027
Owning its own mill will allow Auric to control the full production cycle, processing ore from both Munda and its other nearby projects.
asserted
Auric → own → Munda
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.
asserted
company → expect → Munda
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.
asserted
Auric → appear → 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.
asserted
mining → fall → year
Is your ASX-listed company doing something interesting?
asserted
company → list → something
The Aporia
