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NMG Unveils $226M Crown Prince Gold Project with Minimal Capex
9:03am on Monday 3rd of February, 2025 AEDT
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Mining
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NMG Unveils $226M Crown Prince Gold Project with Minimal Capex
9:03am on Monday 3rd of February, 2025 AEDT
Key Points
Feasibility Study forecasts $226 million pre-tax cash flow over 30 months
Capital expenditure to commence production is only $5.4 million
Ore Reserve estimate of 0.89 million tonnes at 4.8 g/t gold, containing 140,000 ounces
Mining to start June 2025 with first ore sales in August 2025
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