New Murchison Gold (ASX: NMG)
Announced that the first gold bearing ore has been crushed, assayed, and stockpiled at Crown Prince Gold Mine.
The first 10kt parcel of product is being trucked to Westgold Resources’ Bluebird gold processing facility 36km by road.
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Crown Prince – Courtesy of New Murchison Gold
New Murchison Gold | ASX: NMG | |
Stage | Development | |
Metals | Gold | |
Market cap | A$270 million @ A$0.25c | |
Location | Murchison, Western Australia | |
Website | www.newmurchgold.com.au |
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MURCHISON GOLD’S CROWN PRINCE GOLD MINE COMMENCES PRODUCTION
New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”) is pleased to announce that the first gold bearing ore has been crushed, assayed, and stockpiled at Crown Prince Gold Mine (Crown Prince).
The first 10kt parcel of product is being trucked to Westgold Resources Limited’s (ASX:WGX)) Bluebird gold processing facility 36km by road south of Crown Prince.
This major Company milestone sees the evolution of the Company into a gold producer following the decision to develop Crown Prince in late June 2025.
The Company issued its first Collection Notice for Crown Prince, in accordance with the Ore Purchase Agreement with Big Bell Gold Operations Pty Ltd (a Westgold subsidiary), triggering the Commencement Date in that Agreement.
The Company expects to ramp up to its target of 40,000 tonne of ore per month run rate during September / October.
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Alex Passmore NMG’s CEO commented:
“After executing the OPA in December 2024, the Company is very pleased to bring the Crown Prince Gold Mine into production at record Australian dollar gold prices and ahead of the 30 September 2025 Anticipated Commencement Date established in the OPA.
“We look forward to further growth from both Crown Prince Gold Mine and the Company’s regional portfolio.”
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To read the full news release please click HERE
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.To View New Murchison Gold’s historical news, please click here
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The live gold price can be found HERE
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Disclosure
At the time of writing the author holds shares in New Murchison Gold.
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