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AURIC MINING LIMITED AGM Information 2026
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AGM Information
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auricmining
ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE
28 MAY 2026
2026 Annual General Meeting Presentation
Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide in accordance with Listing Rule 3.13.3, the Chair's and the Managing Director's Addresses being delivered at the Company's Annual General Meeting (AGM), commencing at 11.00am AWST today.
Also enclosed are the slides being shown during the formal business of the meeting. This includes the details of the proxy votes lodged in respect of each resolution.
This announcement has been approved for release by the Board of Auric Mining Ltd.
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Auric Mining Limited
ACN 635 470 843
Level 1, 1 Tully Road, East Perth WA 6004
PO Box 1057, Joondalup DC WA 6919
08 9548 9997
auricmining.com.au
ASX: AWJ
auric mining
2026
Annual General Meeting
Thursday 28 May 2026
11:00am AWST
Auric Mining Limited · ASX:AWJ
Agenda
01 Open Meeting
02 Chair's Address
03 Managing Director's Address
04 Financial Report
05 Resolutions
06 Poll
07 Close Meeting
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU
ASX:AWJ
3
Chair's Address: 2026 Annual General Meeting
Good morning and welcome to the Auric Mining AGM for 2026. My name is Steven Morris and as Chairman of Auric I welcome you all after what has been a fantastic year in our evolution as a company.
2025 was the year that saw us take the steps necessary for significant transformation from explorer and small producer to, as we refer to ourselves now, Australia's next integrated mining house.
The success of the Jeffreys Find project, combined with the surge in the gold price throughout the year, allowed us to expand our plans and thoughts as to what is possible for us as a company. Preparation and then production from Munda through the starter pit showed that the constraint in availability of mills in the Kalgoorlie area is going to be a real issue for producers well into the future. So, when the Burbanks Mill became available we were quick to act on it and secure what could be our most significant asset going forward.
As we all know Munda has so far proven to be everything, we hoped it would be for us, throwing out significant profits from the starter pit and allowing us to remodel the main pit as a result. And this is where Burbanks becomes key. Rebuilding the mill allowing us to process our own ore is a game changer in so many ways. Controlling every part of the production cycle and maximising profits as a result is what will bring shareholders the greatest returns on their investment.
As you would know we have recently made two significant personnel appointments aligned with our future plans. In April Scott Bailey joined us as Processing Lead and his role is basically to build and then operate the mill. Scott's experience especially at the Lakewood and Paulsen's Mills and his reputation in the industry made him, we believe, the perfect appointment.
And just in the last week or so Gareth Solly joined us as CEO as part of our planned succession plan. Gareth's most recent experience includes taking Black Cat from a $6 million IPO to production and processing of approximately 100,000oz per year. I think I can confidently say that Auric's appeal to Gareth is that it offers similar potential.
That brings me to our current senior management team. As founding MD Mark English has done a remarkable job in getting the company to where it is now with such a terrific launching pad for the future. Mark will transition out of the MD's role by the end of the year but remain with us as Finance and Executive Director beyond that date and we will benefit greatly from his ongoing expertise.
Our Technical Director, John Utley, has proven his skill in how the both the Jeffreys Find and Munda Deposits have performed for us too. John will continue to lead the development of Munda as we head towards commencing production from the main pit towards the middle of next year.
I would also like to thank all our team for their efforts once again this year. Auric has a small but highly efficient team working hard at growing the company.
In the near future we will also be looking to add necessary skills to the Board to reflect our transition to an integrated mining house, bringing in quality people who have the incentive to achieve the greatest returns for shareholders and all of our interests are totally aligned in that aim.
Thank you to for your continued support again this year. We look forward to another terrific year for Auric Mining.
Steven Morris
Non-Executive Chair
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Managing Director's Address: 2026 Annual General Meeting
Good morning and welcome to our Annual General Meeting.
The 2025 year was transformational for Auric. The best performance of the Company since inception. We delivered strong operational, mining and financial performance, and importantly, laid the foundations for the Company's next phase of growth. This performance reflects our disciplined strategy of advancing quality gold assets into production, all within the premium jurisdiction of Kalgoorlie. For a small company we generated excellent financial results as below.
| Details | FY 2025 | FY 2024 | Increase | % Increase Compared to 2024 |
|---|---|---|---|---|
| Total Revenue | 8,453,164 | 4,791,631 | 3,661,533 | 76 |
| Net Profit Before Tax | 4,098,978 | 1,313,644 | 2,785,334 | 212 |
| Total Assets | 21,621,856 | 13,309,332 | 8,312,524 | 62 |
| Net Current Assets | 8,372,633 | 3,568,782 | 4,803,851 | 135 |
| Total Equity | 17,937,048 | 11,933,257 | 6,003,791 | 50 |
We are all aware of how an exciting time it is for a gold-focused Company. We believe that Auric is a top performer for our cohort. From a $6 million IPO just five years ago, today we are cashed up, in an excellent financial position and have developed quality mining assets. As of 31 March 2026, we are sitting on $46M in cash from the most recent milling campaign from our Munda Starter Pit. We have also progressed and substantially developed our technical and operational skills and knowledge through mining Munda in our own right.
Auric's inaugural joint venture in mining of Jeffreys Find was finalized in the 2025 calendar year. Our investment in the Jeffreys Find Gold Mine has been a standout success, banking $16.5M cash from our initial cash investment of approximately $1.2M.
The outcome from Jeffreys Find highlights the strength of our project selection and execution. I would like to acknowledge BML Ventures Pty Ltd and all their team for their excellent partnership and contribution to this result.
Operationally, Munda Gold Mine continues to perform as Auric's flagship asset. During 2025 and up to 31 March 2026, the Starter Pit produced 8,886 ounces of gold after processing and recoveries, generating robust cash flow at excellent gold prices.
The Starter Pit outperformed, producing 46% above budget. Munda is expected to generate another long-term payday for the Company when it comes into full production by early 2028.
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Managing Director’s Address: 2026 Annual General Meeting
The acquisition of the Burbanks Gold Processing Plant represents a significant strategic milestone for Auric. The reconfigured plant will position the Company to control ore processing, marking an important step in the transition towards our ambition of becoming a fully integrated gold producer.
Over the past 12 months, Auric has also grown significantly as an organisation. Our team expanded from 6 employees to approximately 25 during full production of the Starter Pit. We are progressively building our internal capabilities as we transition to full management of integrated mining and processing.
As part of this build-out, we are delighted to welcome on board, Gareth Solly, who joins Auric from Black Cat Syndicate Ltd as our Chief Executive Officer and Executive Director. Gareth will work alongside me in a formal transition period until he will succeed me as Managing Director on or before 1 December this year. I will continue as Executive and Finance Director.
Bringing proven technical, operational and capital markets experience, Gareth took Black Cat from an approximately $6 million exploration IPO into a 100,000-ounce, multi-asset producer with a 2.5Moz resource base.
Gareth is an excellent fit for Auric, directly aligning with our strategy of bringing Munda and Burbanks into combined production and substantially expanding our resource base and growing the Company.
Separately, Scott Bailey has been appointed Processing Manager to spearhead the rebuild and recommissioning of the Burbanks Plant, and along with our existing personnel, places Auric in a strong position to achieve our ambition of becoming WA's next fully integrated mining house.
We also continue to benefit from strong foundation partnerships, including our Native Title Agreement with the Ngadju Native Title Aboriginal Corporation, providing long-term certainty across our tenements. We have commenced discussions with the Marlinyu Ghoorlie Native Title group in relation to our heritage obligations with them. We are grateful for their ongoing support and collaboration.
We are proud to say Auric is a genuine gold producer with a growing portfolio of assets, processing capability in development, a strong balance sheet, and a clear pathway to becoming a fully integrated gold company. We have entered 2026 with strong momentum and a solid platform to accelerate growth.
In closing I would like to thank our Board, all our team, our partners and all shareholders for your continued support. We look forward with great enthusiasm to delivering even a better year for Auric in 2026.
Mark English
Managing Director
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Items of Business
AURIC MINING LIMITED · 2026 AGM
AURIC MINING COMPANY · 2026 AGM
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
7
Financial Report
To receive and consider the Annual Financial Report of the Company for the financial year ended 31 December 2025 together with:
- Declaration of the Directors
- Director’s Report
- Remuneration Report
- Auditor’s Report
(ASX:AWJ) Announcement 30 April 2026
8
AURICIMINING LIMITED 2020 AGM
AURICIMINING GOM TU
ASX.AWJ
Resolutions
Resolution 1 | Adoption of Remuneration Report
To consider and, if thought fit, to pass, with or without amendment, the following resolution as a non-binding resolution:
"That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the Remuneration Report as contained in the Company's annual financial report for the financial year ended 31 December 2025."
Note: the vote on this Resolution is advisory only and does not bind the Directors or the Company.
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 1: ADOPTION OF REMUNERATION REPORT | 22,876,953 | 1,576,731 | 612,569 | 17,263,154 | 199,000 |
| 91.27% | 6.29% | 2.44% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 2 | Re-Election of Director – John Utley
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purpose of clause 15.2 of the Constitution and for all other purposes, John Utley, a Director, retires by rotation, and being eligible, is re-elected as a Director."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 2: RE-ELECTION OF DIRECTOR – JOHN UTLEY | 41,783,119 | 107,219 | 620,569 | 0 | 17,500 |
| 98.29% | 0.25% | 1.46% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 3 | Election of Director – Gareth Solly
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purpose of clause 15.4 of the Constitution, Listing Rule 14.4 and for all other purposes, Mr Gareth Solly, who is to be appointed as an additional Director on 18 May 2026, retires, and being eligible, is elected as a Director."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 3: ELECTION OF DIRECTOR – GARETH SOLLY | 40,719,439 | 1,145,899 | 645,569 | 0 | 17,500 |
| 95.78% | 2.70% | 1.52% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 4 | Approval of 7.1A Mandate
12
To consider and, if thought fit, to pass the following resolution as a special resolution:
"That, for the purposes of Listing Rule 7.1A and for all other purposes, approval is given for the Company to issue up to that number of Equity Securities equal to 10% of the issued capital of the Company at the time of issue, calculated in accordance with the formula prescribed in Listing Rule 7.1A.2 and otherwise on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 4: APPROVAL OF 7.1A MANDATE | 38,602,766 | 3,082,572 | 624,569 | 0 | 218,500 |
| 91.23% | 7.29% | 1.48% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 5 | Approval to Increase Total Aggregate Remuneration For Non-executive Directors
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purposes of clause 15.8 of the Constitution, Listing Rule 10.17 and for all other purposes, Shareholders approve an increase of the total aggregate amount of fees payable to non-executive Directors from $250,000 per annum to $1,500,000 per annum in accordance with the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 5: APPROVAL TO INCREASE TOTAL AGGREGATE REMUNERATION FOR NON-EXECUTIVE DIRECTORS | 21,133,571 | 1,495,352 | 612,569 | 0 | 19,286,915 |
| 90.93% | 6.43% | 2.64% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 6 | Amendment to Constitution
To consider and, if thought fit, to pass the following Resolution as a special resolution:
"That, for the purposes of section 136(2) of the Corporations Act and for all other purposes, approval is given for the Company to amend its Constitution to include a new clause 2.4 setting the issue cap for issues of Securities under the Employee Incentive Securities Plan to 10% of the issued capital of the Company for the purposes of section 1100V(2) of the Corporations Act."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 6: AMENDMENT TO CONSTITUTION | 37,946,079 | 2,907,572 | 620,569 | 0 | 1,054,187 |
| 91.49% | 7.01% | 1.50% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 7 | Approval to Issue Securities Under An Incentive Plan
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 7.2 (Exception 13(b)) and for all other purposes, approval is given for the Company to issue up to maximum of 18,709,360 Securities under the employee incentive scheme titled Employee Incentive Securities Plan, on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 7: APPROVAL TO ISSUE SECURITIES UNDER AN INCENTIVE PLAN | 21,273,467 | 3,345,217 | 620,569 | 0 | 17,289,154 |
| 84.29% | 13.25% | 2.46% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 8 | Approval to Issue Performance Rights to Director – John Utley
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, subject to the passing of Resolution 2, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 7,500,000 Performance Rights to Mr John Utley (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 8: APPROVAL TO ISSUE PERFORMANCE RIGHTS TO DIRECTOR – JOHN UTLEY | 21,630,930 | 3,004,567 | 620,569 | 12,856,520 | 4,415,821 |
| 85.64% | 11.90% | 2.46% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 9 | Approval to Issue Performance Rights to Director – Mark English
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 7,500,000 Performance Rights to Mr Mark English (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 9: APPROVAL TO ISSUE PERFORMANCE RIGHTS TO DIRECTOR – MARK ENGLISH | 21,487,398 | 3,009,211 | 759,457 | 11,844,133 | 5,428,208 |
| 85.08% | 11.91% | 3.01% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 10 | Approval to Issue Performance Rights to Director – Steven Morris
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 3,750,000 Performance Rights to Mr Steven Morris (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 10: APPROVAL TO ISSUE PERFORMANCE RIGHTS TO DIRECTOR – STEVEN MORRIS | 21,276,286 | 3,009,211 | 620,569 | 9,825,655 | 7,796,686 |
| 85.43% | 12.08% | 2.49% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 11 | Approval to Issue Performance Rights to Director – Gareth Solly
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, subject to the passing of Resolution 3, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 13,000,000 Performance Rights to Mr Gareth Solly (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 11: APPROVAL TO ISSUE PERFORMANCE RIGHTS TO DIRECTOR – GARETH SOLLY | 21,626,286 | 2,964,767 | 665,013 | 17,263,154 | 9,187 |
| 85.63% | 11.74% | 2.63% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 12 | Approval to Issue Options to Director – John Utley
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, subject to the passing of Resolution 2, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 962,500 Options to Mr John Utley (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 12: APPROVAL TO ISSUE OPTIONS TO DIRECTOR – JOHN UTLEY | 23,709,011 | 903,173 | 624,569 | 12,856,520 | 4,435,134 |
| 93.95% | 3.58% | 2.47% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 13 | Approval to Issue Options to Director – Steven Morris
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 577,500 Options to Mr Steven Morris (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 13: APPROVAL TO ISSUE OPTIONS TO DIRECTOR – STEVEN MORRIS | 23,359,011 | 907,173 | 620,569 | 9,825,655 | 7,815,999 |
| 93.86% | 3.65% | 2.49% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 14 | Approval to Issue Options to Director – Mark English
To consider and, if thought fit, to pass the following resolution as an ordinary resolution:
"That, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 962,500 Options to Mr Mark English (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 14: APPROVAL TO ISSUE OPTIONS TO DIRECTOR – MARK ENGLISH | 23,705,824 | 907,173 | 623,756 | 11,844,133 | 5,447,521 |
| 93.94% | 3.59% | 2.47% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 15 | Approval to Issue Options to Director – Gareth Solly
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, subject to the passing of Resolution 3, for the purposes of section 208 of the Corporations Act, Listing Rule 10.11 and for all other purposes, approval is given for the Company to issue 1,433,748 Options to Mr Gareth Solly (or his nominee(s)) on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 15: APPROVAL TO ISSUE OPTIONS TO DIRECTOR – GARETH SOLLY | 22,146,973 | 1,429,211 | 1,666,569 | 17,263,154 | 22,500 |
| 87.74% | 5.66% | 6.60% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 16 | Renewal of Proportional Takeover Provisions in The Constitution
To consider and, if thought fit, to pass the following resolution as a special resolution:
"That, for the purposes of section 136(2)) and section 648G of the Corporations Act and for all other purposes, approval is given for the Company to modify its existing Constitution by renewing clause 37 for a period of three years from the date of approval of this Resolution."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 16: RENEWAL OF PROPORTIONAL TAKEOVER PROVISIONS IN THE CONSTITUTION | 39,918,089 | 961,749 | 620,569 | 0 | 1,028,000 |
| 96.18% | 2.32% | 1.50% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Resolution 17 | Approval to Issue Shares to The Lindsay's Project Vendor
To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution:
"That, for the purposes of Listing Rule 7.1 and for all other purposes, approval is given for the Company to issue up to that number of Shares, in the capital of the Company as is equal to $2,000,000 divided by the 15 trading day volume weighted average price of the Company's Shares calculated on the trading day immediately before the date of satisfaction of the First Condition under the Tenement Sale Agreement, on the terms and conditions set out in the Explanatory Statement."
| Resolution | For | Against | Discretion | Exclusions | Abstain |
|---|---|---|---|---|---|
| RESOLUTION 17: APPROVAL TO ISSUE SHARES TO THE LINDSAY'S PROJECT VENDOR | 40,763,651 | 132,500 | 620,569 | 0 | 1,011,687 |
| 98.19% | 0.32% | 1.49% |
AURIC MINING LIMITED · 2026 AGM
AURICMINING.COM.AU ASX:AWJ
Conducting the Poll
AURIC MINING LIMITED • 2025 AGM
AURICMINING.COM.AU
KAWJ
ASX:AWJ auricmining.com.au
Thank You
Mark English
Managing Director
[email protected]
+61 409 372 775
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