FINWIRES · TerminalLIVE
FINWIRES

Auric Mining Raises Western Australia Gold Deposit's Mineral Resource by 32%; Shares Rise 3%

By

Auric Mining (ASX:AWJ) said it re-estimated the indicated and inferred mineral resource at its Munda gold deposit in Western Australia to 4.2 million tonnes at 1.43 grams per tonne grade of gold for 192,000 ounces of gold, according to a Monday filing with the Australian bourse.

The latest reading is up 32% from the December 2024 estimate despite the depletion of around 10,000 ounces, per the filing.

The re-estimation incorporates data from mining of the starter pit, including mill reconciled gold production that was 46% higher than expected.

"Despite increasing the estimated grade, the resource estimate remains conservative when compared to actual production results," Auric Mining said, adding that additional planned drilling is expected to further expand the gold resource.

The company's shares gained 3% in recent Monday trade.

Related Articles

Asia

Great Boulder Resources Finds Multiple High-Grade Gold Beyond Current Resource at Western Australia Project; Shares Up 5%

Great Boulder Resources (ASX:GBR) found multiple high-grade gold beyond the current resource at its Side Well project in Western Australia, according to a Monday filing with the Australian bourse.Results include 0.45 meters at 165 grams per tonne grade of gold from 455 meters, and four meters at 24 g/t grade of gold from 134 meters, the filing said.Reverse circulation drilling is ongoing at Eaglehawk, alongside air-core drilling on broad-spaced reconnaissance fences in the Eastern Corridor, per the filing.Shares rose 5% in morning trade on Monday.

$ASX:GBR
Asia

Atlas Arteria Says Takeovers Panel Declines to Launch Proceedings Over IFM Global's Disclosure Complaint

Atlas Arteria (ASX:ALX) said Australia's Takeovers Panel refused to launch proceedings against the company over a complaint by IFM Global Infrastructure Fund related to its disclosure of terms for the Chicago Skyway toll road, according to a Monday filing with the Australian bourse.IFM Global recently proposed to acquire the remaining Atlas Arteria securities it doesn't already own.The terms in question concerned a right of first offer and a put option in favor of the Ontario Teachers' Pension Plan, per the filing.The Takeovers Panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances, noting that a target statement due to be released by Tuesday will include information regarding the potential sale of Chicago Skyway.If the target's statement fails to adequately address the disclosure concerns, a fresh application can be filed with the Takeovers Panel.

$ASX:ALX
Asia

Update: Eroad Swings to Fiscal 2026 Loss, Posts Higher Revenue; Shares Fall 4%

(Updates to add stock movement in the headline and last paragraph)Eroad (ASX:ERD, NZE:ERD) reported Monday that it swung to a loss of NZ$0.8582 per share in the fiscal 2026 from a profit of NZ$0.0073 a year earlier.Revenue for the 12 months ended March 31 was NZ$195.2 million, compared with NZ$194.4 million a year earlier.The company expects fiscal 2027 performance to be driven by its core ANZ markets, with New Zealand providing stable, cash-generative low single-digit growth and Australia delivering strong enterprise-led expansion with double-digit growth.The company's shares fell by around 4% and 2% on the New Zealand and Australian exchanges, respectively, in Monday's trading session.

$ASX:ERD$NZE:ERD