Ora Gold ( (AU:NMG) ) has provided an announcement.
New Murchison Gold Limited has made significant progress in its Crown Prince Project during the quarter ending March 2025. The company has commenced drilling and pre-development activities, including a feasibility study that outlines a robust financial outlook and a strategic alliance with Westgold Resources. The feasibility study projects a pre-tax cash flow of $226 million over 30 months, with production set to begin in mid-2025. The company is well-funded, having completed a placement and option exercise, and continues to advance its exploration and operational activities.
More about Ora Gold
New Murchison Gold Limited (ASX:NMG) is a Western Australian gold exploration and development company focusing on the Garden Gully Gold Project. The company is engaged in advancing its Crown Prince Project, part of its broader Garden Gully tenure package, with a focus on gold mining and exploration activities.
YTD Price Performance: 15.38%
Average Trading Volume: 103,125
Technical Sentiment Signal: Hold
Current Market Cap: €94.49M
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