Auric Mining (ASX:AWJ) confirmed it was satisfied with its due diligence for the acquisition of the Lindsay's gold project in Western Australia from Top Global Mining and NBC Mining, and it plans to proceed to complete the acquisition on terms consistent with a varied binding letter agreement and the final tenement sale agreement, according to a Tuesday Australian bourse filing.

Auric will make another payment of AU$300,000 at settlement, taking the total paid to that date to AU$400,000. The firm will proceed to settle and acquire the tenements not subject to action in the Wardens Court, with settlement scheduled to be on or before Nov. 19.

The firm is entitled to management of the Wardens Court litigation on the M27/169 tenement, effective Oct. 24.

The vendors retained management and control of the two other matters in the Wardens Court, regarding litigation related to the M27/34 and M27/486 tenements. If the vendors are successful in litigation, the firm will pay the vendors a further AU$50,000 for M27/34 and AU$250,000 for M27/486.

Auric will also issue AU$2 million in shares to the vendors, with pricing determined on the day ending before the final resolution regarding the M27/169 tenement.

Its shares fell 5% in recent trading on Tuesday.