Westgold Resources ( (AU:WGX) ) just unveiled an announcement.
New Murchison Gold Limited has announced that the conditions for its Ore Purchase Agreement with Westgold Resources have been met, allowing the agreement to come into full effect. This milestone supports the development of the high-grade Crown Prince open pit gold project, with key activities such as acquiring an operational base, receiving necessary permits, and ongoing drilling underway. This development is expected to strengthen NMG’s position in the gold mining industry and enhance its relationship with Westgold Resources.
More about Westgold Resources
New Murchison Gold Limited (ASX: NMG) is a mineral exploration and development company focused on the Garden Gully Gold Project in the Murchison goldfield near Meekatharra, Western Australia. The project covers a 677km2 tenure package along the Abbotts Greenstone Belt, featuring multiple gold deposits, with the Crown Prince Deposit being the most advanced.
YTD Price Performance: -8.13%
Average Trading Volume: 105,582
Technical Sentiment Signal: Sell
Current Market Cap: $1.64B
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