Auric Mining's Munda Pit Yields 46% More Gold

0:00From Sydney, this is your March 19th update. Ork mining just wrapped up its Munda starter pit in Western Australia with a huge win, pulling out 8,886 ounces, of course, gold. That beat their original budget of 6,100 ounces by 46%, thanks to better than expected results at every stage. Campaign 2, from late January to mid-February, process 68,154 tons of ore at a nearby mill and recovered, 6,168 ounces. The deeper ore delivered a stronger grade of 3.1A grams per tonne, hinting the deposit improves underground. The team called it a standout performance, especially since they used the toll milling deal instead of building their own plant. This quick revival of a site first explored in the 1960s has boosted their cash pile to $43 million plus bullion and investments. All grades hit 2.46 grams per tonne, 37% above forecast, with recovery at 89.5% versus.

1:05The expected 83.3%. There's also 18,000 tons of ore left on site, good for another 935 ounces. Looking ahead, Ork plans a bigger main pit, using this real data to remodel the resource and capture those high grade zones they missed before. This episode is proudly sponsored by our partner. Do not just listen to podcasts, get lost in them comfortably, S-O-L-I, solely pillow.com.