New Murchison Gold Limited reports a strong start at Crown Prince Gold Mine with 22,766 ounces produced and a robust $92 million cash balance, setting the stage for further growth in the Garden Gully Gold Project.
- First full quarter production delivers 22,766 ounces of gold
- Ore grade of 4.0 grams per tonne with 95.9% recovery
- 184,746 dry tonnes of ore processed at Bluebird facility
- Strong cash position of $92 million at quarter end
- Ongoing development within the Garden Gully tenure package
Strong Production Debut at Crown Prince
New Murchison Gold Limited (ASX – NMG) has marked a significant milestone with the completion of its first full quarter of production at the Crown Prince Gold Mine. The company reported delivering 22,766 ounces of gold to Westgold Resources’ Bluebird processing facility, located 36 kilometres south of the mine. This initial output reflects a solid ore grade of 4.0 grams per tonne and an impressive recovery rate of 95.9%, underscoring the quality of the deposit and the efficiency of the processing arrangement.
Operational and Financial Strength
During the December 2025 quarter, New Murchison moved 184,746 dry tonnes of crushed ore, a strong volume for a mine in its early production phase. The company’s cash reserves stood at a healthy $92 million at the end of the quarter, providing a robust financial foundation to support ongoing operations and future development. CEO Alex Passmore highlighted that the cash flow generated from Crown Prince’s production positions New Murchison well to advance its broader ambitions within the Garden Gully Gold Project.
Strategic Focus on Garden Gully
The Garden Gully Gold Project, encompassing a substantial 677 square kilometre tenure package in the prolific Murchison goldfield near Meekatharra, remains the company’s core focus. The project includes multiple gold deposits along the Abbotts Greenstone Belt, with Crown Prince being the most advanced. New Murchison’s recent resource updates and feasibility studies have laid the groundwork for the mine’s development, which officially commenced production in September 2025 following the first blast in June.
Looking Ahead
While the company has yet to release its detailed December Quarterly Report and Appendix 5B cash flow statement, scheduled for 27 January 2026, the initial production figures and strong cash position signal positive momentum. The continuation of Stage 1 pit development within the larger Stage 2 pit boundary suggests a clear pathway for sustained ore extraction and potential expansion. Investors will be watching closely to see how New Murchison leverages this early success to unlock further value from its extensive tenement holdings.
Bottom Line?
New Murchison’s solid first quarter production and strong cash balance set a promising tone, but upcoming financial disclosures will be key to confirming its growth trajectory.
Questions in the middle?
- What are the detailed cost metrics and profitability from the first quarter’s production?
- How will New Murchison prioritise development across its broader Garden Gully tenure package?
- What are the company’s plans for scaling production or securing additional processing capacity?