Auric Mining begins processing ore at Three Mile Hill for Jeffreys Find gold project

Small Caps11-21

Auric Mining (ASX: AWJ) has confirmed the Three Mile Hill plant at Coolgardie commenced processing high- and low-grade ore from the Jeffreys Find gold mine this week. The company’s Kalgoorlie-based ...

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however, our haulage has been slowed down by heavy rain,” he said.Last month, BML and Auric finalised a toll milling deal with Three Mile Hill plant owner Focus Minerals  to process up to an additional 120,000t of ore from Jeffreys Find.When milling concludes at Three Mile Hill and Greenfields in early 2025, approximately","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"AWJ.AU":"AURIC MINING LTD","BK7104":"黄金","HIL":"希尔国际管理","FML.AU":"FOCUS MINERALS LTD","BK4123":"调查和咨询服务"},"translate_title":"Auric Mining开始在Three Mile Hill为Jeffreys Find金矿项目加工矿石","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AWJ.AU":1,"FML.AU":1,"HIL":1},"content_text":"Auric Mining (ASX: AWJ) has confirmed the Three Mile Hill plant at Coolgardie commenced processing high- and low-grade ore from the Jeffreys Find gold mine this week.\nThe company’s Kalgoorlie-based joint venture partner BML Ventures, who operates and manages the project, expects a minimum of 40,000 tonnes to be milled during the first campaign.\nOnce the gold is sold, BML subtracts all mining, haulage and milling costs and related expenses before evenly sharing the surplus cash proceeds with Auric.\n‘Off and running’\nAuric managing director Mark English said the company was “off and running” at Three Mile Hill.\n“If BML can feed the mill, then the door is open to process 75,000t in this first campaign; however, our haulage has been slowed down by heavy rain,” he said.\n“We are expecting further cash distributions in December and are in fast-forward mode to complete Jeffreys Find.”\nProcessing deal\nLast month, BML and Auric finalised a toll milling deal with Three Mile Hill plant owner Focus Minerals (ASX: FML) to process up to an additional 120,000t of ore from Jeffreys Find.\nThe Three Mile Hill plant has a nameplate capacity to process approximately 4,000t of ore per day or 1.2Mtpa.\nBML has already delivered 25,000t to Three Mile Hill, with a further 50,000t stockpiled on the run-of-mine pad at Jeffreys Find, awaiting haulage.\nGreenfields contract\nThe ore to be processed at the Three Mile Hill plant is in addition to BML’s contract with the Greenfields mill, where an estimated 142,000t of Jeffreys Find ore will be processed starting this month.\nOre from the mine has been processed at Greenfields since 2023.\nWhen milling concludes at Three Mile Hill and Greenfields in early 2025, approximately 420,000t are expected to have been processed for Stage 2 of the Jeffreys Find project, marking the completion of mining.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"Business Data","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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