New Murchison Gold activates Crown Prince gold ore deal with Westgold

New Murchison Gold (NMG) has announced that an ore acquisition statement (OPA) for the Crown Prince golden deposit betwixt Zeus Mining, a wholly owned subsidiary of NMG and Big Bell Gold Operations (BBGO), a Westgold Resources subsidiary, has present travel into afloat effect.

The Crown Prince deposit is located astatine the Garden Gully golden project, adjacent Meekatharra successful Western Australia (WA).

NMG entered a binding statement with BBGO n December 2024 to acquisition golden ore from the Crown Prince deposit.

The institution stated that each conditions precedent to the OPA person been satisfied oregon waived.

Under the presumption of the OPA, Westgold volition acquisition golden ore successful aggregate batches (ore parcels) totalling betwixt 30,000 tonnes (t) and 50,000t per period from Crown Prince.

Each parcel volition beryllium certified for grade, moisture and betterment to conscionable a minimum people of 1.5 grams per tonne (g/t) of gold.

The ore volition beryllium transported by roadworthy implicit a region of 33km to the Bluebird Gold processing plant, portion of Westgold’s Murchison Gold operations successful Meekatharra.

NMG is rapidly progressing with the Crown Prince project, having precocious acquired an concern gait and installation successful Meekatharra for usage arsenic an operational base.

The institution has received the indispensable permits for autochthonal vegetation clearing and a dewatering bore licence, and has completed the improvement of dewatering bores. Pipeline works are acceptable to commence shortly.

In addition, NMG is actively recruiting for cardinal absorption positions and has issued tenders for main operational contracts.

NMG CEO Alex Passmore said: “We are pleased to person completed this milestone and for our ore acquisition statement with Westgold Resources to person travel into effect. We are processing a affirmative moving narration with the Westgold team. NMG is busily progressing the high-grade Crown Prince open-pit golden task towards development.”

In December 2024, Westgold announced that it is assessing a imaginable ten-year hold of its Fortnum Gold Operation, 140km northbound of Meekatharra.

"New Murchison Gold activates Crown Prince golden ore woody with Westgold" was primitively created and published by Mining Technology, a GlobalData owned brand.

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