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Auric Mining Limited - Wheeling and dealing that drives value
SUMMARY
- Auric Mining Limited (ASX:AWJ) is a junior gold producer and developer that owns a portfolio of gold assets around the Kalgoorlie and Norseman regions of Western Australia (WA).
- It has made two key acquisitions in the Union Jack project (adds ounce) and purchased second-hand processing equipment and infrastructure (locks in costs and timelines).
- Following the acquisitions, AWJ has proforma net cash of ~$30m as of September 2026, which we think continues to support further exploration, tolling opportunities, asset acquisitions, and still potentially provide a material contribution towards funding Burbanks.
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- Auric Mining Limited - Wheeling and dealing that drives value28 Sep 2026
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