Auric Mining (ASX:AWJ) started hauling 60,000 tonnes of ore from its Jeffreys Find gold mine in Western Australia to a Coolgardie mill, with roughly 16,000 tonnes stockpiled as of Tuesday, May 13, according to a Thursday filing with the Australian bourse.
The milling process is anticipated to be completed by the end of July, the filing said.
The company expects final cash distributions of AU$3.5 million to AU$4.5 million after selling all gold, paying costs, and final accounting, with the funds to be used for mining and development at the Munda gold mine, per the filing.
Shares fell 2% in afternoon trade Friday.
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