Auric Mining (AWJ) Q2 2026 TU earnings summary

Executive summary

• Achieved a 32% increase in the Munda Mineral Resource estimate to 4.20Mt at 1.43g/t for 192,000oz Au, outperforming previous expectations despite mining depletion.

• Released an integrated Scoping Study for Burbanks and Munda, outlining robust project economics and a clear path to standalone gold production.

• Strengthened leadership with key executive appointments, including a new CEO and Processing Manager, to drive the next phase of growth.

Financial highlights

• Cash balance at 30 June 2026 was A$38 million, with no debt and unhedged positions.

• Issued capital stood at 187,093,602 shares.

• Final payments for GST (A$3.6M) and royalties (A$1.0M) related to gold production were made; these are non-recurring until production resumes.

Outlook and guidance

• Major RC and geotechnical drilling programs underway at Munda to support resource extension and Ore Reserve estimation.

• Burbanks construction targeted to commence in early 2027, with first gold production expected in early 2028.

• Ongoing exploration and drilling across multiple regional projects, with results pending and further programs planned.