AWJ: Settlement and Completion with WIN Metals Ltd re Munda
Released
Released
Announcement PDF
ASX Announcement
auricmining
27 August 2024
ASX: AWJ | ACN 635 470 843
Munda Gold Project.
Acquisition from WIN Metals Completed.
HIGHLIGHTS
•
Completion of contract to purchase specific WIN mineral rights at Munda.
•
$600,000 paid to WIN at settlement. Total paid to date is $700,000.
•
Over the next 8 months Auric will pay the remaining $500,000 of the purchase
price.
•
Auric now has sole mining rights at Munda for the next 8 years in a specified
area.
THE ANNOUNCEMENT
Auric Mining Limited (ASX: AWJ) (Auric) together with WIN Metals Ltd (ASX: WIN) (WIN
Metals or WIN) is pleased to announce that the two parties have successfully settled
and completed the purchase by Auric of WIN’s nickel, lithium and other associated
metal rights within the Munda Gold Project and other assets. (See ASX
announcement of 23 July 2024)
The Munda tenement, M15/87, is a granted mining lease which contains the Munda
Gold Project.
Auric now has exclusive rights to mine within the Auric Rights Area for a period of 8
years and ongoing mining rights beyond that date.
Auric now owns all minerals to a depth of 235m RL, or 150m in depth, within Auric’s
Rights Area.
Auric now has access to in-pit water for mining operations.
As part of the transaction Auric has also acquired all mineral interests in 5 tenements
at Spargoville and 2 tenement applications at Higginsville.
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+61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au
ASX Announcement 27 August 2024
Auric Mining Limited (ACN 635 470 843)
Forward Looking Statements
This Announcement may contain forward-looking statements which are identified
by words such as ‘may’, ‘could’, ‘should’, ‘believes’, ‘estimates’, ‘targets’,
‘expecting’, or ‘intends’ and other similar words that involve risks and uncertainties.
These statements are based on an assessment of present economic and operating
conditions, and on a number of assumptions regarding future events and actions
that, as at the date of this Announcement, are considered reasonable. Such
forward-looking statements are not a guarantee of future performance and involve
known and unknown risks, uncertainties, assumptions, and other important factors,
many of which are beyond the control of the Company, the Directors, and the
management. The Directors cannot and do not give any assurance that the results,
performance, or achievements expressed or implied by the forward-looking
statements contained in this Announcement will actually occur and investors are
cautioned not to place undue reliance on these forward-looking statements.
This announcement has been approved for release by the Board.
Corporate Enquiries
Mark English
Managing Director
Auric Mining Limited
+61 409 372 775
menglish@auricmining.com.au
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Subscribe: auricmining.com.au
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+61 8 9548 9997 | info@auricmining.com.au | Level 1, 1 Tully Road, East Perth, WA 6004 | www.auricmining.com.au
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