01 · Territory
The ground is already measured.
Global exploration spends $12.5B a year proving what is in the ground. Then it publishes the proof as PDFs, and the market prices it at cents on the dollar.
02 · Drill
Every hole is a claim.
Collar, depth and recovery, signed at the rig. A drill hole is the first attestation in the chain.
03 · Assay
Every number is signed.
Grades certified by an independent laboratory. Each certificate a node, each signature an edge.
04 · Resource
The body of evidence.
Classified under JORC: measured, indicated, inferred. The ore body becomes a structure of attestations, not a paragraph in a PDF.
05 · Attestation
The attestation is the asset.
Drill, assay, competent person, reserve, tenement, royalty. One signed structure: machine readable, composable, impossible to amend without leaving a trace.
06 · Unit
Not a wrapper. The asset itself.
The token is the royalty, obligations live, paying in gold terms. Fraud must forge a whole neighbourhood of signatures, not one PDF.
$93Median price paid per attested ounce in the ground
Every information-asset business is a wrapper business.
The median ounce in the ground changes hands at about $93 against a $4,000 plus spot price. That delta is not geology. It is paperwork.
Capital markets do not price the asset. They price the information wrapper around it: a chain of PDFs. Static, opaque, non-composable.
When the attestation chain lives in PDFs, verification is manual, ownership is unclear and trust cannot transfer.
Publish the chain as data, not documents, and the price converges with reality. Information is not neutral. It is the market.
$12.5B
Spent yearly manufacturing the attestation chain
PDFs
Not registries. The format is the friction.
Cents
On the dollar: the market price of unverified gold
The registry
The chain of custody, made the asset.
Existing tokenisation is a wrapper: rigid at issuance, serviced by an army of back-office staff matching documents. Auric is not a wrapper. The token is the asset itself, with boundaries that evolve as obligations change.
01
Attest
Drill results, assays, competent person reports and tenement obligations enter one knowledge graph, signed at the source.
02
Bind
Asset boundaries evolve as attestations and obligations change. The graph is the causal chain of asset registrations, compliant with the ERC3643 standard.
03
Clear
Royalties clear in gold terms, onchain. Issuers, streamers and ETFs compose on top of the registry as customers.
Fraud must forge a neighbourhood.
Bre-X was one salted node in a single document. A knowledge graph makes fraud expensive to hide: a fraudster must conceal every ripple effect of a lie, across every signed counterparty, forever.
Bre-X 1997 · One documentAuric · A neighbourhood of signatures
Who it serves
Everyone above the registry becomes a customer.
01Miners
Finance without dilution. A mine with millions of ounces proven and a suspended share price does not sell shares at a dollar an ounce. It sells a royalty: 2 percent of production, restart capital now, not a single share given up.
02Capital
Eight to fifteen percent a year, paid in gold terms. Post the token as collateral, loop the position, unwind in one contract call. The denominator is gold, so liquidation risk falls.
03Issuers
Reserves that earn gold. Stablecoin issuers cannot pay yield on their own product. Hundreds of billions of float need reserves that earn, and almost none of it is denominated in gold.
Districts
Australia first. District by district.
Charters Towers, Ravenswood
IN DISCUSSIONDrummond Basin
UPCOMINGEtheridge, Georgetown
UPCOMINGGympie
UPCOMINGEastern Goldfields, Kalgoorlie
UPCOMINGMt Isa, Cloncurry
UPCOMINGCobar
UPCOMINGCadia, Orange
UPCOMINGVictorian Goldfields
UPCOMINGLeonora, Laverton
UPCOMINGMurchison
UPCOMINGPilbara
UPCOMINGGawler Craton, Olympic Dam
UPCOMINGTanami
UPCOMINGTennant Creek
UPCOMING