Auric Mining Limited has advanced its mining operations at the Munda Gold Mine, located near Widgiemooltha in Western Australia, with significant progress reported throughout the first four weeks of operations. The company revealed that the Starter Pit, which spans a design envelope of 380,000 bank cubic metres (BCM), has already yielded approximately 70,000 BCM. This phase of the project has been conducted largely through free-dig techniques, with the first controlled blast occurring on 17 June 2025. The mining process is supported by a dry hire fleet that includes a 125t excavator and four 40t articulated dump trucks, while blasting and grade control operations are overseen by Total Drilling Services from Kalgoorlie. In addition to the initial mining activities, Auric Mining Limited has completed key site preparations, including the establishment of waste dump infrastructure and run-of-mine (ROM) pads. The company estimates that around 125,000 tonnes of ore, at a grade of 1.8 grams per tonne, will be extracted from the Starter Pit, with the majority of ore recovery scheduled for the final two months of operations leading up to the pit’s completion in October. The broader Munda deposit boasts an estimated resource of 145,000 ounces of gold at a 0.5 gram per tonne cut-off, with detailed planning for a larger pit expected to commence in 2026. Funding for these operations has been secured through gold sales generated by the Jeffreys Find Gold Mine, ensuring that mining activities at Munda can continue unhindered. Management expressed strong confidence in the progress, with Managing Director Mark English noting that all milestones are being achieved as planned and emphasizing the strategic advantage of capitalizing on a bullish gold market. This positive outlook is bolstered by the fact that the project is unhedged, allowing the company to fully benefit from rising gold prices. The news carries a bullish sentiment for Auric Mining Limited. The on-schedule progress, efficient deployment of equipment, and secured funding underscore the project’s potential and reinforce confidence among investors—particularly those bullish on gold in the current market environment. However, a cautious view must be maintained due to the inherent risks associated with mining activities, including operational uncertainties and market volatility reflected in forward-looking statements. For beginner traders, this development offers insight into the operational milestones and technical benchmarks that support the company’s growth narrative while reminding them of the balancing act between positive progress and the risks intrinsic to mining ventures.