Auric Mining (AWJ) Investor presentation summary

Integrated development

• Munda open-pit plan: 2.77Mt at 1.75 g/t over 2.7 years; 141koz recovered over 56 months at 25–40kozpa, with 89.5% recovery.

• At A$5,750/oz, the integrated study estimates A$437m LOM EBITDA, AISC of A$2,843/oz and a 2.3-year payback; pre-production capital is A$138m and peak funding requirement A$145m.

• The study covers 155koz of Munda’s 191koz MRE; mineralisation remains open along strike and at depth, with ~90,000m of grade-control drilling underway.

• Open-pit mining is targeted for Q4 2027, with Burbanks commissioning and first gold targeted for Q1 2028.

Processing platform

• Burbanks is a 100%-owned, permitted brownfield facility with an existing 180ktpa CIL plant and plans for a 600ktpa circuit, scalable to ~1.2Mtpa.

• Existing power, water, road access and tailings infrastructure support redevelopment; Munda ore is planned to travel ~87km by sealed road to Burbanks.

• The integrated plan targets regional feed beyond Munda, including Union Jack, Lindsays and Iron Maiden; regional mill capacity is under pressure and projects are pursuing toll treatment.

Resource growth and acquisitions

• The portfolio spans seven gold projects over 628km²; pro forma resources are ~370koz, assuming completion of Iron Maiden and conversion of JORC resources.

• Union Jack, 15km from Burbanks, has an Inferred resource of 3.12Mt at 1.02g/t for 102koz; drilling and resource upgrade work are planned ahead of mining studies.

• Iron Maiden is 180km from Burbanks and has a historical JORC 2004 estimate of 1.4Mt at 1.5g/t for 69koz, 86% measured and indicated; acquisition completion is subject to due diligence.

• Munda, Union Jack and Iron Maiden drilling targets resource growth, while regional exploration includes Spargoville and Higginsville.