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Gibb River Diamonds Secures Key Ore Processing Deal, First Gold Revenue on Horizon
9:07am on Tuesday 14th of October, 2025 AEDT
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Mining
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Gibb River Diamonds Secures Key Ore Processing Deal, First Gold Revenue on Horizon
9:07am on Tuesday 14th of October, 2025 AEDT
Key Points
Ore Purchase Agreement signed with Black Cat Syndicate for 100,000 tonnes processing
Mining progressing well at Neta Prospect with over 51,000 tonnes stockpiled
Processing to start late December 2025, first cash proceeds anticipated by Q1 2026
Mining contractor BML Ventures assumes all mining costs, minimizing GIB’s financial risk
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Gibb River Diamonds (ASX:GIB)
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