Auric Mining has introduced the execution of a toll milling and ore buy settlement with Black Cat Syndicate for the processing of ore from the Munda Gold Mine on the Lakewood Mill in Kalgoorlie, Western Australia.
Signed on 4 July 2025, the contract permits for as much as 125,000t of ore to be processed, successfully overlaying your complete Starter Pit output.
The Munda Gold Mine’s assets, comprising each Indicated and Inferred classes, are estimated at 3.65 million tonnes (mt) with a complete gold content material of 145,000oz, based mostly on a 0.5g/t cut-off.
Auric initiatives that 125,000t of ore might be extracted from the Starter Pit, with an anticipated grade of 1.8g/t Au, which is predicted to yield roughly 6,100oz of gold after restoration processes.
The event of the Munda gold mine started in April, with the mobilisation of needed plant and tools.
The Western Australia Authorities’s Division of Power, Mines, Trade Regulation and Security authorized the mining proposal and mine closure plan for the Munda Starter Pit.
The mining of the Starter Pit is projected to span 5 months, aiming for completion round late 2025.
The primary batch of ore is scheduled for processing in October, with a minimal of 40,000t. Subsequent batches are anticipated between November 2025 and January 2026.
Following the completion of the Starter Pit, Auric plans to deal with the Munda Foremost Pit, with detailed planning and scoping set to begin across the second quarter of 2026.
Auric Mining managing director Mark English mentioned: “This was the final main lacking piece to allow us to complete the mining, processing and sale of all of the gold from the 2025 Starter Pit.
“After the latest first blast at our Munda Gold Mine at Widgiemooltha, mining is now nicely underway. Executing this settlement with Black Cat to course of the Munda ore at their Lakewood Mill, simply 100km away, is a improbable outcome for us.
“Having a house for the Munda ore will allow Auric to monetise all of the ounces from the Starter Pit. We anticipate that each one ore produced ought to be processed by 31 January 2026, and last Auric proceeds obtained by 28 February 2026.”
“Auric Mining to course of ore at Lakewood Mill beneath new settlement” was initially created and printed by Mining Technology, a GlobalData owned model.
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