Australia's Auric Mining rises to near three-month high on large project purchase

Auric Mining

09/09/2026 03:20

** Shares of Auric Mining AWJ.AX rise as much as 12.8% to A$0.265, their highest since June 15 
** The gold miner executes binding agreements to purchase two leases that together comprise of the Union Jack Project, located in Western Australia 
** Co says acquisition substantially increases its current mineral resource inventory by 51% to 7.5Mt
** Co says initial consideration for both contracts totals A$6.6 million ($4.77 million) in cash and A$3 million in shares payable on completion 
** YTD, stock down 12.7%

($1 = 1.3850 Australian dollars)

 (Reporting by Tejas Harish in Bengaluru)
 ((tejas.harish@thomsonreuters.com;))