Auric Mining Limited

Notable vs. Peers

• Financials score of 10/10 is stronger than the peer average of 6.4/10.

Lifecycle Milestones

1. Permit granted

   Reached — date not disclosed · Jeffreys Find is an active, permitted, producing mine; an exact original permit-grant date was not located in this pass. Row written to satisfy the stage>=CONSTRUCTION milestone gate given the mine's confirmed current operating/permitted status.
2. Construction decision (FID)

   Reached — date not disclosed · Exact construction-decision date not located in this pass; the mine reached first production by May 2023, which presupposes a construction decision was made ahead of that.
3. Construction start

   Reached — date not disclosed · Exact construction-start date not located in this pass; the mine reached first production by May 2023, which presupposes construction started ahead of that.
4. First pour / production

   May 2023 · Jeffreys Find Gold Mine began producing in May 2023; company reporting cites ~30,000oz produced since (incl. 6,295oz toll-milling), ~A$23.5M sales. · Source
5. Commercial production

   Reached — date not disclosed · A structurally Dynacor/PPX-like situation: Auric has generated substantial real revenue (over A$100M in cumulative gold sales) via successive toll-milling campaigns of ore from different, smaller deposits (Jeffreys Find, now depleted; the Munda starter pit, mining begun 2025-05-10) rather than a single mine reaching one declared 'commercial production' threshold -- no source found uses that formal language for any of these campaigns. The larger, integrated future Munda-Burbanks processing project (which WOULD have its own formal commercial-production milestone) is not yet built -- construction is only targeted from early 2027, with first gold from that integrated operation expected in early 2028 -- explicitly not yet reached, not the basis. Left null with this structural context noted. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source

Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.

A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.