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Gibb River Diamonds Limited ( (AU:GIB) ) has issued an announcement.
Gibb River Diamonds Limited has signed an Ore Purchase Agreement with Black Cat Syndicate Limited for processing 100,000 tonnes of ore from the Neta Project at Lakewood Mill. Mining operations are progressing well, with milling expected to start in late December 2025 and first cash proceeds anticipated by February/March 2026. The company is on track to deliver its first gold revenue, with future processing arrangements needed due to the expected high volume of mined material.
More about Gibb River Diamonds Limited
Gibb River Diamonds Limited operates in the mining industry, focusing on gold extraction and processing. The company is involved in the Edjudina Gold Project located in the Eastern Goldfields of Western Australia, where it collaborates with BML Ventures Pty Ltd for mining operations.
YTD Price Performance: 50.0%
Average Trading Volume: 179,652
Technical Sentiment Signal: Buy
Current Market Cap: A$12.87M
For a thorough assessment of GIB stock, go to TipRanks’ Stock Analysis page.