Crown Prince Gold Mine Processes 31,000 Tonnes, Yields 3,231 Ounces in September

Strong Operational Start at Crown Prince

New Murchison Gold Limited (ASX – NMG) has marked a significant milestone with the successful ramp-up of production at its Crown Prince Gold Mine in Western Australia. In its first month of operation, the company processed 31,000 dry tonnes of ore at an adjusted grade of 3.23 grams per tonne of gold, delivering 3,231 ounces of recoverable gold to Westgold Resources’ Bluebird processing facility, located 36 kilometres south of the mine.

Building Momentum Towards Revenue Generation

The company anticipates receiving its first revenue from the Crown Prince operation in October 2025, signaling the transition from development to cash flow generation. Mining activities are well established, with a combined effort from NMG’s operations team and contractors ensuring operational stability. Stockpiles have been strategically built up, with 33,600 wet tonnes of ore on the run-of-mine pad awaiting crushing, and an additional 11,000 wet tonnes of crushed high-grade product ready for collection, setting the stage for a strong production and sales performance in the coming months.

Confidence in Production Targets and Future Outlook

Importantly, New Murchison Gold confirmed that there have been no material changes to the production targets or assumptions previously outlined in its February 2025 feasibility study and maiden ore reserve announcement. This consistency provides investors with reassurance that the company’s operational plans remain on track. CEO Alex Passmore expressed optimism about the ramp-up process, highlighting ongoing efforts to debottleneck key areas of the operation and forecasting a strong start to the December quarter, which will be the first full quarter of production.

Strategic Positioning in the Murchison Goldfield

The Crown Prince Gold Mine is part of the broader Garden Gully Gold Project, which covers a substantial 677 square kilometre tenure package within the prolific Murchison goldfield near Meekatharra. The region is known for its rich gold mineralisation controlled by major geological structures, and New Murchison Gold’s focused development of Crown Prince represents a key step in unlocking value from this highly prospective area.

Looking Ahead

As New Murchison Gold moves from initial production to steady-state operations, the market will be watching closely for confirmation of revenue flows and operational efficiencies. The company’s ability to maintain or improve recovery rates and manage costs will be critical in validating the feasibility study’s projections and supporting its growth ambitions.