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Highlights
- Auric Mining begins preparations at Munda gold mine
- Project targets 6,100 ounces with efficient extraction plans
- Infrastructure moves signal six-month development timeline
The gold mining sector continues to reinforce its vital role in Western Australia’s economic fabric, with new projects bringing innovation and renewed momentum to the industry. One of the latest and most promising developments comes from Auric Mining (ASX:AWJ), which has initiated preparations to begin open-pit mining operations at the Munda gold mine near Widgiemooltha.
This strategic project aims to extract approximately 125,000 tonnes of ore with a targeted grade of 1.8 grams per tonne. The plan represents a focused, methodical approach to tapping into a key gold resource, while highlighting the company’s broader commitment to economic viability and project sustainability.
Located about five kilometers from Widgiemooltha, the Munda gold mine is progressing toward operational status with the development of a starter pit. Mobilization of essential equipment and machinery is underway, with a dry hire fleet being brought in to expedite early-phase operations. The development phase is expected to wrap up within a six-month timeline.
Auric Mining has completed a detailed site survey and mark-out, laying out critical infrastructure components including the pit crest, haul roads, waste dumps, ROM pads, and administrative facilities. These activities follow formal approvals granted by the Western Australian Government’s Department of Energy, Mines, Industry Regulation, and Safety (DEMIRS), covering both the Munda Starter Pit Mining Proposal and the associated Mine Closure Plan.
The initiative is projected to yield approximately 6,100 ounces of gold in its initial phase, with an all-in sustaining cost estimated at A$2,635 per ounce. According to statements from company leadership, the Munda project is viewed as a pivotal step in realizing the full potential of Auric’s core asset, emphasizing a conservative yet efficient execution strategy.
This project reflects a broader sentiment within the mining sector, as companies navigate shifting market dynamics while continuing to invest in scalable, cost-effective extraction solutions. The operational execution at Munda may also carry positive implications for local employment and regional economic development.
Industry observers have taken note of Auric Mining’s movements, with investor forums and market watchers tracking the project's milestones closely. As activity on the ground gains momentum, the Munda development emerges not only as a strategic resource initiative but also as a strong indicator of ongoing resilience in the Australian gold mining landscape.
