OzAurum Accelerates Mulgabbie North with New Drilling and Metallurgical Advances
OzAurum Resources has launched a targeted drilling campaign at its Mulgabbie North Gold Project, aiming to expand high-grade zones and advance feasibility studies amid record gold prices.
- 6-hole, 540m RC drilling program underway at Cross Fault discovery
- Additional metallurgical drilling at James and Ben prospects supports testwork
- 92 percolation column tests completed in one month, results pending review
- Environmental consultants engaged for heap leach permitting on Mining Lease M28/240
- Release Deed with Line Hydrogen near execution, clearing project advancement path
Drilling Momentum at Mulgabbie North
OzAurum Resources Ltd (ASX, OZM) has initiated a focused Reverse Circulation (RC) drilling program at its Mulgabbie North Gold Project in Western Australia. The six-hole, 540-metre campaign targets the Cross Fault Gold Discovery, aiming to expand known high-grade gold mineralisation both at depth and along strike. This drilling is a critical step toward establishing a JORC-compliant resource, a key milestone for advancing the project toward production readiness.
Alongside this, additional metallurgical drilling at the James and Ben prospects is underway to secure fresh samples for ongoing testwork. These efforts support the company’s feasibility studies and future mine design considerations, reflecting a strategic approach to resource development.
Rapid Metallurgical Testwork Progress
OzAurum’s in-house laboratory in Coolgardie has completed an impressive 92 percolation column tests within the past month, including 55 from the James Prospect. These tests are crucial for understanding heap leach recoveries and optimising processing parameters. The results are currently under review by Kappes Cassiday & Associates, with an update expected shortly.
Heap leach operations depend heavily on hydraulic conductivity, and the company’s ability to rapidly conduct and interpret these tests in-house provides a technical advantage. Future testwork will extend to the Ben Prospect and the newly discovered Cross Fault area, where oxide and transition gold mineralisation is prevalent.
Permitting and Commercial Developments
In parallel with exploration and testwork, OzAurum has engaged environmental consultants to expedite permitting for a proposed heap leach operation on the granted Mining Lease M28/240. This regulatory progress is essential for moving the project closer to development and production.
On the commercial front, the company is finalising a Release Deed with Line Hydrogen (Australia) Pty Ltd, expected to be executed imminently. This agreement is poised to clear significant hurdles, enabling smoother project advancement and unlocking shareholder value.
Strategic Positioning Amid Record Gold Prices
With Australian gold prices hovering around a record AUD 5,800 per ounce, OzAurum is strategically accelerating its development plans to capitalise on favourable market conditions. CEO Andrew Pumphrey emphasises the company’s commitment to fast-tracking feasibility studies and positioning Mulgabbie North for production readiness, aiming to maximise returns for shareholders.
While drill rig availability has tightened recently, causing some scheduling challenges, the company remains focused on maintaining momentum across exploration, metallurgical testing, and permitting activities.
Bottom Line?
OzAurum’s coordinated push across drilling, metallurgy, and permitting sets the stage for a pivotal phase in Mulgabbie North’s development.
Questions in the middle?
- How will pending metallurgical test results influence heap leach recovery projections?
- What impact will the Line Hydrogen Release Deed have on project financing and timelines?
- Can OzAurum overcome drill rig availability constraints to maintain its development schedule?
