New Murchison Gold Limited (ASX:NMG) is pleased to provide an update on production at the Crown Prince Gold Mine (Crown Prince).
The operation has had a strong third month of mining and crushing with 67,199 dry tonnes of ore at an agreed grade of 3.69g/t Au sold to Westgold Resources Limited's (ASX:WGX, "Westgold") subsidiary Big Bell Gold Operations Pty Ltd (BBGO) for processing at their Bluebird gold processing facility 36km by road south of Crown Prince.
In accordance with the Ore Purchase Agreement (OPA) between NMG and WGX the agreed monthly recoverable gold ounces in ore sold was 7,630 oz with the related ore sales payment due at the end of December 2025.
The unreconciled production inventory on site at the end of November includes approximately 16,200t (wet tonnes) of Crown Prince crushed ore.
NMG is also pleased to report that the next monthly payment was received from Westgold late in November (for October's ore sales) totalling $41.6 million (includes GST and is net of trucking costs, BBGO processing costs and BBGO Margin). Payment terms are further detailed in NMG's ASX release 24 January 2025.
Future production updates will be provided through Quarterly Reports.
Alex Passmore NMG's CEO commented: "We are pleased to advise the market of the strong start of the Crown Prince Gold Mine and that the operation has stabilised at production levels in line or better than the company's feasibility study estimates. Notably this is the second month Westgold has provided us with the opportunity to exceed the OPA monthly cap of 50,000t per month."
About us:
New Murchison Gold Ltd (ASX:NMG) is a mineral exploration and gold mining company which holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia. The Company is focused on the Garden Gully Gold Project which comprises a 677km2 tenure package covering the Abbotts Greenstone Belt and other key regional structures. The project has multiple gold deposits along the belt with the most advanced being the Crown Prince Gold Mine. Gold mineralisation in the belt is controlled by major north trending structures and contact zones between felsic and mafic metamorphosed rocks. NMG updated its Mineral Resource Estimate in November 2024 and reported a maiden Ore Reserve and Feasibility Study for the Crown Prince Deposit in February 2025. As announced 25 June 2025 the Company made a decision to develop the Crown Prince Gold Mine and completed its first blast on 30 June 2025. NMG commenced production in September 2025.
