Auric Mining Ltd (ASX:AWJ) has produced 4,819oz of gold across three outturns from Campaign Two at its Munda Gold Mine Starter Pit, with a final outturn plus gold-in-circuit (GIC) still to be calculated.
The company reported the second outturn of 1,585oz was completed on February 17, 2026, followed by a third outturn of 2,087oz on February 26, 2026.
The last two outturns from Campaign Two delivered 3,672oz, adding to the first outturn of 1,147oz to take Campaign Two production to 4,819oz so far.
Campaign Two adds 4,819oz so far; final outturn and GIC still to come
Managing director Mark English said the Campaign Two results, combined with 2,718oz produced from Campaign One, lifted total gold produced at Munda to 7,537oz to date.
“We are delighted to advise that the last two outturns from Campaign Two at Munda have produced 3,672 ounces of gold.
“Added to the 1,147 ounces from the first outturn, as well as 2,718 from Campaign One, totals 7,537 ounces produced so far delivering exciting news for our shareholders.
“Excellent for us is that indicative grade and recoveries at Black Cat’s Lakewood Mill are substantially above budget.
“Gold grade and recoveries continued to improve over the duration of this second campaign and with further outturns and Gold In Circuit (GIC) calculations still to come augers well for exceptional results from our Munda Starter Pit. Importantly it confirms to us the Munda Main Pit will be designed around a highly economic gold resource.
“Processing of this second campaign was completed on Wednesday afternoon. There was about 68,500 DMT tonnes processed at the Lakewood Mill, which is slightly more than the budgeted tonnage," English said.
Processing for the second campaign was completed on February 18, 2026, with English saying about 68,500 dry metric tonnes (DMT) were processed at Black Cat Syndicate’s Lakewood Mill—slightly above budgeted tonnage.
Indicative grades and recoveries at Lakewood were “substantially above budget”, with performance improving over the duration of the second campaign and further reconciliation work still underway via additional outturn and GIC calculations.
On the inventory side, Auric reported it has 3,272oz of gold in its metal account at ABC Refinery, alongside 315oz of silver, and said it intends to manage the timing of gold sales at its discretion.
The current status of both campaigns to date is summarised in the table below for the starter pit at 6,100oz, compared with the actual 7,537oz produced to date, comprising 2,718oz (Campaign One), 1,147oz (first outturn, Campaign Two) and 3,672oz (second and third outturns, Campaign Two).
“Our strategy since the company’s inception has been to stick to accumulating quality, proven gold assets close to infrastructure that can be mined as early as possible. Our initial success at Jeffreys Find allowed us to move to production at Munda, which we always believed was a high-quality project. These outstanding and well above budget results seem to have proven that belief to be correct, and that gives us faith that the Munda main pit will mirror the starter pit and provide shareholders with truly exceptional returns over its mine life, non-executive chairman, Steve Morris, said.