Auric Mining is set to resume mining operations at Jeffreys Find Gold mine, targeting a minimum extraction of 300,000 tonnes of ore.

Following a toll milling agreement with Greenfields Mill, operations are scheduled to start in early March.

The project, known as Stage Two, involves a significant toll milling contract with FMR Investments.

Stage One generated nearly $10 million in surplus cash, and with mining equipment mobilised and a $1 million working capital contribution, Auric Mining anticipates first cash flows in the fourth quarter.