New Murchison Gold (ASX: NMG)

Announced a significant, JORC-compliant update to the Mineral Resource Estimate at its Garden Gully Gold Project, located near Meekatharra, Western Australia.

The global Garden Gully Gold Project MRE has increased by 47%, expanding to a total remaining resource of 4.42 Mt at 2.5 g/t Au for 359,000 ounces of contained gold.

 

 

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	New Murchison Gold	ASX: NMG
	Stage	Development
	Metals	Gold
	Market cap	A$456 million  @  A$0.42c
	Location	Murchison, Western Australia
	Website	www.newmurchgold.com.au

 

 

 

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New Murchison Gold Updated MRE for Garden Gully gold project

 

 

 

New Murchison Gold Limited (ASX: NMG) (“NMG” or “the Company”) is pleased to announce a significant, JORC-compliant update to the Mineral Resource Estimate (MRE) at its flagship Garden Gully Gold Project, located near Meekatharra, Western Australia.

HIGHLIGHTS

• The global Garden Gully Gold Project Mineral Resource Estimate (MRE) has increased by 47%, expanding to a total remaining resource of 4.42 Mt at 2.5 g/t Au for 359,000 ounces of contained gold.
• This represents a 29% increase over the November 2024 estimate, or a 47% total increase when including full, reconciled production mining up to April 1, 2026.
• Combined Measured and Indicated categories account for 71% of the global project ounces, ensuring excellent local grade predictability for near-term mine planning.

o Open Pit (OP) Measured Resource component of 39 koz at 3.83 g/t Au, providing immediate, low-risk mill feed.
o MRE beyond optimised pit shell estimated as Underground (UG) component at 1.2% g/t Au cut-off.
• Cloudkicker adds 31 koz to global inventory with 80% classified as indicated (yielding 25koz at 2.3 g/t Au).
• Lydia (Maiden MRE) 55koz at 1.78 g/t Au.
• Abbotts (Maiden MRE) 44koz at 1.75 g/t Au.
• The Cloudkicker and Lydia deposits are located within 800 m of the active Crown Prince hub. This immediate proximity allows both satellite assets to directly leverage existing haul roads, established site facilities, and current operational personnel—enabling rapid, low-capital development with zero infrastructure drag.

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To read the full news release please click HERE

 

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

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Disclosure

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

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