Slide 1: Spark Plus Mining Day
For personal use only ASX ("AWJ") Spark Plus Pte Ltd Mining Day 1 14 December 2021
Slide 2: Important Notice
Important Notice For personal use only This Presentation (“Presentation”) has been prepared by Auric Mining Limited (“Auric” or “the Company”) to provide summary information about Auric and its associated entities and their activities current as at 10 December 2021. The information contained in this
Slide 3: Investment Highlights
Investment Highlights For personal use only Gold focused company in Tier 1 location, 100km south of Kalgoorlie. Commanding tenement package around north end of Widgiemooltha Dome, including five (5) granted Mining Leases. Acquired three (3) projects from ASX listed companies, Estrella Resources (“ES
Slide 4: Directors
Directors For personal use only Steven Morris Non-Executive Chairman Steve has over 25 years’ experience in financial markets. He was Head of Private Clients (Australia) for Patersons Securities, Managing Director of Intersuisse Ltd, Founder and Managing Director of Peloton Shareholder Services and
Slide 5: Capital Structure at December 2021
Capital Structure at 10 December 2021 For personal use only $10.2M $2.6M Market Cap Cash 93.1M 60% Shares on Issue Tradeable Shares 43.9M 33% Options ($0.40 exercise price) Tradeable Options (expire 31 October 2023) Directors (27.39%) Mincor (3.94%) Neometals (3.68%) Largest Shareholder (7.73%) auri
Slide 6: Auric's Projects
Auric’s Projects For personal use only auricmining.com.au 6
Slide 7: Widgiemooltha Gold Project
Widgiemooltha Gold Project For personal use only • Proven geological setting for gold and other mineralisation. • The tenement package surrounds Munda on 3 sides substantially adding to prospective coverage at the north end of the Widgiemooltha Dome. • Even with the extensive mining history in the a
Slide 8: Widgiemooltha – Munda Project
Widgiemooltha – Munda Project • For personal use only Auric’s Initial RC drilling program in February/ March 2021 was 27 holes for 3,664 metres drilled. 24 of the 27 holes were gold mineralized. Second RC drilling program in July/ August 2021 was 28 holes for 3,116 metres drilled. Outstanding result
Slide 9: Widgiemooltha – Guest Prospect
Widgiemooltha – Guest Prospect For personal use only • The Guest Prospect is between 1.0 and 2.3 km southeast of Munda on a structural trend that links Guest with Munda. • RC drilling completed by Auric in August 2021. 9 holes drilled for 864 metres. • 4 holes were drilled to target historic working
Slide 10: Jeffreys Find Project
Jeffreys Find Project For personal use only Low Capex Development Potential • Jeffreys resource hosted in banded iron formation, extending from surface to 140m depth. • The Jeffreys deposit is a shallow dipping orebody with very simple geometry, thickest near surface, amenable to open pit mining. •
Slide 11: Spargoville Project
Spargoville Project For personal use only • Prospective position along strike from Wattle Dam Gold Mine which produced 268,000oz @ 10.0g/t Au (2006-2013)1. • Soil auger sampling has defined strong Au anomaly in SE corner of E15/1688 – the Fugitive Prospect • Follow-up drilling has only part tested F
Slide 12: Resources and Royalties
Resources and Royalties Gold Ounces For personal use only 250,000 222,000 200,000 150,000 108,000 100,000 50,000 - 0 Jun-2020 Sep-2020 Nov-2020 Gold Ounces Royalties • September 2020: Buy-out and extinguishment of Morgan Stanley Bank royalties, has substantially increased the implied valuation. • St
Slide 13: Peer Comparison as at December 2021
Peer Comparison as at 10 December 2021 Peers EV/Resources Oz For personal use only $350 $324.66 $300 $253.75 $250 $216.68 $ EV / oz $200 $150 $133.47 $100 $67.47 $65.07 $55.23 $46.08 $50 $31.69 $0 Lefroy LEX Musgrave MGV Genesis GMD Alto AME Anglo AAR Meteoric MEI Horizon HRZ Maximus MXR Auric AWJ P
Slide 14: Near Term Priorities
Near Term Priorities TIMELINE Dec 21 Jan 22 Feb 22 Mar 22 Apr 22 May 22 Jun 22 For personal use only Update Munda resource. Define development options in conjunction with WIN. Widgiemooltha Further RC drilling at Guest Prospect. Drilling and Metallurgical testwork at Munda. Aircore drilling over NMT
Slide 15: Budgeted Cash Expenditure December 2021 to June 2022
Budgeted Cash Expenditure 1 December 2021 to 30 June 2022, excluding Acquisition Opportunities For personal use only Details Amount Munda Project $400,000 Guest Prospect $500,000 NMT Gold Rights $100,000 Jeffreys Find $100,000 Spargoville Project $100,000 Sub Total $1,200,000 Administration Costs $6
Slide 16: Cash Expenditure August 2019 to September 2021
Cash Expenditure 19 August 2019 to 30 September 2021 For personal use only Material cash expenditure Munda Gold Deposit Original cost, performance & royalty payout, stamp duty and exploration $ 3,027,382 NMT Gold Rights Original cost and exploration $ 733,802 Jeffreys Find Original cost, royalty pay
Slide 17: Current Resources
Current Resources For personal use only Current Mineral Resource Estimates Deposit Cut off Category Tonnes Au Au Au g/t (Million) g/t koz Inferred 3.77 1.43 173.7 Munda 0.5 g/t Indicated - - - Subtotal 3.77 1.43 173.7 Inferred 0.31 1.08 10.4 Jeffreys Find 0.5 g/t Indicated 0.91 1.26 36.9 Subtotal 1.
Slide 18: Auric's Investment Proposition
Auric’s Investment Proposition For personal use only • Board and executive leadership team with track record of delivering success for shareholders. People • • Excellent technical team with proven results and serial success in project generation and development. Capability to acquire good projects f
Slide 19: Company Vision
Company Vision For personal use only “ To create shareholder wealth by becoming a successful gold developer in a Tier 1 mining “ province in Western Australia. auricmining.com.au 19
Slide 20: Thank You
For personal use only Thank You Contact Mark English Managing Director +61 409 372 775 menglish@auricmining.com.au John Utley Technical Director +61 409 109 687 jutley@auricmining.com.au