Gibb River Diamonds Nears Completion of Edjudina Gold Processing as First Cash Flows Approach

Gibb River Diamonds Limited ( (AU:GIB) ) has provided an update.

Gibb River Diamonds has completed processing 33,528 tonnes of ore from the Neta Gold Mine at the Three Mile Hill plant, yielding an unreconciled estimate of 1,377 ounces of gold at 90.9% recovery, with dore bars already dispatched to a refinery. At the Lakewood plant, processing is ongoing, with about 70,520 tonnes treated out of 99,110 tonnes trucked, three gold pours producing an estimated 2,841 ounces and initial gold sales exceeding A$7.5 million at strong realised prices. Mining at the Neta pit is now finished, with grade outcomes below expectations due to challenging, spotty mineralisation, pit wall failure and dilution, though this has been partly offset by higher tonnages and a surging gold price, and a low-grade stockpile remains for future treatment. The company expects the Lakewood campaign to conclude in late January, to receive first cash proceeds in February–March 2026, and plans to reinvest initial joint venture cash distributions into drilling further high-potential gold targets at the Edjudina Project, while progressing rehabilitation at Neta.

The most recent analyst rating on (AU:GIB) stock is a Hold with a A$0.07 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 listed on the ASX that has diversified into gold, advancing the Edjudina Gold Project in Western Australia through mining and toll treatment campaigns. The company focuses on extracting and monetising gold ore via third-party processing facilities while retaining exploration upside on its tenements.

Average Trading Volume: 94,196

Technical Sentiment Signal: Buy

Current Market Cap: A$15.87M

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