New Murchison Gold (ASX: NMG)

Updated on production at the Crown Prince Gold Mine.

The first month of mining and crushing has ramped up well with 31,000 dry tonnes of ore at an agreed grade of 3.23g/t Au rucked to Westgold Resources Limited’s Bluebird gold processing facility nearby.

 

 

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	New Murchison Gold	ASX: NMG
	Stage	Development
	Metals	Gold
	Market cap	A$345 million  @  A$0.32c
	Location	Murchison, Western Australia
	Website	www.newmurchgold.com.au

 

 

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NEW MURCHISON GOLD ANNOUNCE A STRONG FIRST MONTH OF PRODUCTION AT CROWN PRINCE

 

 

New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”) is pleased to provide an update on production at the Crown Prince Gold Mine (Crown Prince).

The first month of mining and crushing has ramped up well with 31,000 dry tonnes of ore at an agreed grade of 3.23g/t Au (adjusted for recovery) trucked to Westgold Resources Limited’s (ASX:WGX, “Westgold”) Bluebird gold processing facility 36km by road south of Crown Prince.

Mining is well established with the operation performing strongly. NMG’s operations team and contractors are collectively working together on site underpinning the stability of the operation.

In accordance with the Ore Purchase Agreement between NMG and WGX the agreed monthly recoverable gold ounces in ore trucked to Bluebird was 3,231oz.

 

NMG is set to receive first revenue from production in October 2025.

The production inventory on site has been built up over the month of September with 33,600t (wet tonnes) of Crown Prince ore on the ROM awaiting crushing and 11,000t (wet tonnes) of crushed high-grade product awaiting collection, which is expected to see a strong start to October trucking and ore sales.

Alex Passmore NMG’s CEO commented:

“Since the commencement of trucking ore to Bluebird we have ramped up crushing and stockpiling activities and look forward to first revenue from Crown Prince in October.

 

“We are continuing to ramp up production from the open pit and are debottlenecking key areas of our process.

 

“The December quarter will see the first full quarter of production from the operation, and we are expecting a strong start in October.”

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To read the full news release please click HERE

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Disclosure

At the time of writing the author holds shares in New Murchison Gold.

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