Gibb River Advances Edjudina Neta Gold Mining as Processing Wraps Up

Gibb River Diamonds Limited ( (AU:GIB) ) just unveiled an announcement.

Gibb River Diamonds reported ongoing development at its 100%-owned Edjudina Gold Project in Western Australia during the December 2025 quarter, where contractor BML Ventures is managing mining and processing at the Neta Prospect under a contract mining agreement that requires no capital outlay from Gibb River and limits its financial exposure. Ore purchase and treatment agreements were secured for up to 130,000 tonnes of Neta ore at the Lakewood and Three Mile Hill mills, with 146,108 tonnes mined during the quarter and substantial stocks hauled to run-of-mine pads; processing at both mills was completed in January 2026, with first cash proceeds expected in February–March and all gold to be sold on the spot market. Operations were briefly disrupted by a minor pit wall failure in late November that caused no injuries or equipment damage, with mining resuming at a reduced rate after geotechnical review, remediation and additional monitoring, underscoring the project’s operational risk management as it moves toward initial cashflows from the Edjudina asset.

The most recent analyst rating on (AU:GIB) stock is a Hold with a A$0.05 price target. To see the full list of analyst forecasts on Gibb River Diamonds Limited stock, see the AU:GIB Stock Forecast page.

More about Gibb River Diamonds Limited

Gibb River Diamonds Limited is an Australian resources company that has diversified into gold, holding 100% of the Edjudina Gold Project in Western Australia. Through a 50/50 mining joint venture with private contractor BML Ventures, the company focuses on small-scale open pit gold extraction and toll treatment at nearby processing plants, with sales into the spot gold market.

Average Trading Volume: 129,172

Technical Sentiment Signal: Buy

Current Market Cap: A$11.37M

Learn more about GIB stock on TipRanks’ Stock Analysis page.