Auric Mining exercised 99% of its available options, converting 12,993,780 options to fully paid ordinary shares at 15 cents each, generating a pre-cost gain of $1.9 million.

Additionally, 4,500,000 shortfall shares were issued, raising an added $675,000 pre-costs.

Before expenses, the total funding from the exercises is expected to be $2.6 million.

 Post-completion, the total shares issued will reach 148,353,371, significantly expanding the equity base.