Auric Mining Ltd. · ASX:AWJ
Auric Mining — Investor Presentation (September 2022)
17 slides from Auric Mining's investor presentation, September 2022
Slide 1: Capital Raising Presentation
ASX: AWJ Capital Raising Presentation September 2022 1
Slide 2: Forward Looking Statements and Compliance Statement
Forward Looking Statements and Compliance Statement This presentation does not include all available Information on Auric Mining Limited and should not be used in isolation as a guide to investing in the Company. Any potential investor should also refer to Auric Mining Limited’s Annual Reports and t
Slide 3: Auric's Investment Proposition
Auric’s Investment Proposition People Projects Resources Corporate Finance • Board and leadership team • World-class address with • Moved from nil to 246,000 • Newly incorporated • Support of all major with track record of excellent infrastructure. ounces in past 2 years. company with no legacy shar
Slide 4: Auric's Projects: World Class Address
Auric’s Projects: World Class Address World class address 506.2km2 of terrain around the Widgiemooltha and Norseman regions in WA Easily accessible with excellent infrastructure nearby Multi-mineral focus: Au, Ni, Li and REE auricmining.com.au 4
Slide 5: Chalice West – Resolute 1997 Aircore Drill Holes
Chalice West – Resolute 1997 Aircore Drill Holes Exclusive Option Agreement • Auric Mining has executed an exclusive option agreement to acquire all mineral rights for the Chalice West Project. • This outstanding opportunity, spread over three years, secures Auric more than 408km2 of ground over “pr
Slide 6: Chalice to Chalice West Mirrored Magnetics
Chalice to Chalice West Mirrored Magnetics • Rocks hosting Chalice Gold Mine wrap around granite dome – Chalice West mirrors Chalice. • Gold anomalism at Chalice West to maximum of 360ppb matches anomalism at Chalice. • Granite dome likely genetic match for Pioneer Dome and associated lithium deposi
Slide 7: Chalice West Planned Aircore Drill Program
Chalice West Planned Aircore Drill Program • Aircore program due to commence 17th October • 242 holes and estimated 10,700 metres • 183 holes to target Chalice gold model and proximal nickel target • 59 holes testing rare earths, nickel and lithium auricmining.com.au 7
Slide 8: Jeffreys Find Project
Jeffreys Find Project • Jeffreys Find has an indicated and inferred gold resource estimate of 47,200oz at 0.5g/t cut-off. • Gold mineralisation extends from the surface to at least 110m in vertical depth – thickest at surface. • Auric and BML Ventures have entered into an agreement for open pit gold
Slide 9: Jeffreys Find: Road to Production
Jeffreys Find: Road to Production Q4 2022 Q1 2023 Q2 2023 - Q1 2024 Dec Mar Mar 2022 2023 2024 Grade control Complete Starter Pit Complete Final Pit drilling, permitting / approvals inc. flora and fauna study Indicative Cash Flow to Auric June 2023 Starter Pit $1,500,000 - $2,000,000 June 2024 Minin
Slide 10: Jeffreys Find: Joint Venture with BML Ventures
Jeffreys Find: Joint Venture with BML Ventures 50/50 Joint Venture – operates under cashflow surplus arrangement. • BML bears 100% of the CAPEX and operational risk, including all haulage, staff, equipment, contractors and working capital costs. • Leverages low-cost owner/operator mining fleet and e
Slide 11: Munda and Jeffreys Find Relative to Open-Pit Gold Deposits
Munda and Jeffreys Find Relative to Open-Pit Gold Deposits In terms of resource ounces, Munda is the 7th largest of 56 open-pittable gold deposits between Norseman and Spargo’s Reward. Chalice West is the largest deposit in the area. auricmining.com.au 11
Slide 12: Widgiemooltha: Munda Deposit
Widgiemooltha: Munda Deposit • At date of acquisition, Munda had an Inferred resource of approximately 46,000oz Au at a 1g/t cut- off • Following re-evaluation of the historic drill data and two phases of RC drilling, the Munda resources have been upgraded to 198,700oz Au at a 0.5g/t cut-off. • With
Slide 13: Company Strategy: Positioned for Growth
Company Strategy: Positioned for Growth 2022 Commence drilling at Chalice West mid-October 2022. Position for Progress Jeffreys Find towards production in conjunction with BML Ventures. Discovery Utilise cash flow from Jeffreys Find, as steppingstone for 2023 exploration. Initial Expand exploration
Slide 14: Capital Structure
Capital Structure 97.8M 43.9M Shares on Issue Options ($0.40 exercise price) 31% (expire 31 October 2023) Shareholders on grouped 37.0M 17.4M basis Shares in Escrow Options in Escrow 69% Release 12 February 2023 Release 12 February 2023 69% 20% Top 30 - including Directors Top 30 Holders Directors S
Slide 15: Use of Funds
Use of Funds Capital Raising Placement1 $1,250,000 Share Purchase Plan2 $750,000 Issue of 1 free Option for every 2 shares acquired, Nil exercisable at $0.15 on or before 31 March 2024 Total1,2 $2,000,000 Use of Funds Jeffreys Find Development $480,000 Chalice West Project $520,000 Widgie Gold Proje
Slide 16: Current Resources
Current Resources Current Mineral Resource Estimates Deposit Cut off Category Tonnes Au Au Au g/t (Million) g/t koz Inferred 0.80 1.39 35.6 Munda 0.5 g/t Indicated 3.68 1.38 163.1 Subtotal 4.48 1.38 198.7 Inferred 0.30 1.08 10.3 Jeffreys Find 0.5 g/t Indicated 0.91 1.26 36.9 Subtotal 1.21 1.22 47.2
Slide 17: Thank You
Thank You Contact Mark English Managing Director +61 409 372 775 [email protected] Tom Fairchild Director – Equity Capital Markets +61 416 495 830 [email protected] Subscribe to Announcements 17
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