Auric Mining Limited has finalized a toll milling and ore purchase agreement with Black Cat Syndicate Ltd to process ore from its Munda Gold Mine. The agreement covers up to 125,000 tonnes of ore to be processed at the Lakewood Mill, situated just 100 kilometers away in Kalgoorlie, Western Australia. Mining of the Starter Pit is progressing rapidly following the first blast at the mine site, and the processing of ore is slated to begin in October 2025, with a minimum initial parcel of 40,000 tonnes and one to two additional parcels expected to be processed between November 2025 and January 2026. The deal represents a key milestone for the company, as it ensures that all gold from the Starter Pit — estimated at 125,000 tonnes of ore with a grade of 1.8g/t Au to yield roughly 6,100 ounces of gold after recovery – will be effectively processed, with complete turnover anticipated by January 2026 and final payments received by the end of February 2026. Auric Mining’s detailed resource estimates for the Munda Gold Deposit indicate a broader resource base of approximately 3.65 million tonnes containing 145,000 ounces of gold at a 0.5g/t cut-off. Following the completion of Starter Pit mining, further planning and scoping for the Munda Main Pit are planned for commencement around Q2 2026. The news offers a blend of both bullish and bearish indicators. On the bullish side, securing a processing facility near the mine and the prospect of substantial cash inflows in Q4 2025 are positive signals that enhance the company’s ability to monetize its production efficiently. The execution of the agreement also removes a critical pathway to fully processing its Starter Pit, positioning the firm for future expansion with the Munda Main Pit project. Conversely, potential bearish sentiment stems from the inherent risks associated with mining operations, including the uncertainties of ore grade recovery and market volatility which could impact expected cash flows. Overall, while operational execution and market conditions remain factors to watch, these developments mark a pivotal growth moment for the company.