Auric Mining (LWJ) AGM 2025 Presentation summary

Strategic and operational highlights

• Achieved significant progress with flagship Munda Gold Mine, now in production and delivering ore to the ROM pad, targeting 6,000 ounces from the Starter Pit in 2025 at strong gold prices.

• Completed mining at Jeffreys Find, with total production of about 28,000 ounces and expected final payment of over $3 million in Q3 2025.

• Acquired Burbanks Gold Facility for $4.4 million, moving towards in-house gold processing and vertical integration.

• Advanced acquisition of Lindsay's Project, aiming for near-term production at Parrot Feathers Gold Mine.

• Executed a Native Title Agreement with Ngadju Native Title Aboriginal Corporation, securing long-term exploration and development rights.

Financial performance

• Total revenue for FY2024 reached $8.45 million, a 76% increase over FY2023.

• Net profit before tax rose to $4.1 million, up 212% from the previous year.

• Total assets increased to $21.6 million, a 62% rise year-on-year.

• Net current assets and total equity also saw substantial growth, reflecting a strengthened balance sheet.

• Completed a $6.7 million capital raising, enhancing financial flexibility for future growth.

Governance and resolutions

• Adoption of the Remuneration Report passed with 86.6% approval.

• Steven Morris re-elected as Director with 89.8% support.

• Approval granted for 7.1A Mandate, allowing issuance of up to 10% new equity.

• Incentive options for directors and corporate advisor options approved by strong majorities.