Crown Prince Mine Processes 60,877 Tonnes at 3.95g/t Gold in October
New Murchison Gold Limited has successfully completed the production ramp-up at its Crown Prince Gold Mine, exceeding operational expectations and setting a strong foundation for November output.
- 60,877 dry tonnes of ore processed at 3.95g/t gold grade in second month
- Ore transported to Westgold’s Bluebird processing facility under purchase agreement
- Stable mining operations supported by Ozland Mining and MLG Crushing contractors
- Substantial ore inventory on site to sustain production momentum
- No changes to previously announced production targets or assumptions
Strong Operational Momentum at Crown Prince
New Murchison Gold Limited (ASX – NMG) has announced a robust second month of mining and crushing at its Crown Prince Gold Mine, marking the completion of its production ramp-up phase. The company processed 60,877 dry tonnes of ore at an adjusted grade of 3.95 grams per tonne of gold, surpassing initial expectations and demonstrating operational stability.
The ore extracted from Crown Prince is trucked 36 kilometres to Westgold Resources Limited’s Bluebird gold processing facility, under an established Ore Purchase Agreement. For October, the agreed recoverable gold ounces stood at 7,285 ounces, with payment scheduled for the end of November. This arrangement underscores a collaborative approach between NMG and Westgold, facilitating efficient processing and sales.
Operational Stability and Team Effort
Mining operations at Crown Prince are well established, with NMG’s in-house team working closely alongside contractors Ozland Mining and MLG Crushing. This partnership has been pivotal in exceeding production targets during the ramp-up, reflecting a cohesive and effective operational strategy. The company reports a significant inventory of ore on site, approximately 37,900 wet tonnes awaiting crushing and 11,200 wet tonnes of crushed high-grade product, providing a solid buffer to maintain strong production into November.
Looking Beyond Production
CEO Alex Passmore expressed satisfaction with the ramp-up’s success, highlighting the team’s dedication and the company’s readiness to shift focus towards exploration. With the Crown Prince Gold Mine now operationally stable, New Murchison Gold is poised to intensify exploration efforts within its extensive Garden Gully Gold Project tenure, which spans 677 square kilometres in the prolific Murchison goldfield near Meekatharra, Western Australia.
The company reaffirmed that there have been no material changes to the production targets or assumptions outlined in its February 2025 feasibility study, maintaining confidence in the project’s long-term outlook. This steady progress at Crown Prince not only validates prior investment decisions but also positions NMG well for future growth opportunities in the region.
Bottom Line?
With production ramp-up behind it, New Murchison Gold now turns to exploration to fuel its next growth phase.
Questions in the middle?
- How will ongoing exploration efforts impact resource upgrades at Garden Gully?
- What are the anticipated timelines for sales revenue recognition from current ore shipments?
- Could operational efficiencies at Crown Prince translate into improved cost metrics?
