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Ora Gold ( (AU:NMG) ) has shared an announcement.
New Murchison Gold Limited has received key approvals and made a significant development decision to proceed with the Crown Prince Project, marking its transition from an explorer to a gold miner. The company has executed major contracts and commenced mining activities, with the first blast completed on June 30, 2025. The company is on track for first ore sales to Westgold’s Bluebird Mill in September 2025, supported by a recent capital raise of $12 million. The project is expected to ramp up production, with promising exploration results indicating potential for further development beyond the current open pit plans.
More about Ora Gold
New Murchison Gold Limited (ASX:NMG) is a Western Australian company focused on gold exploration and development. The company is primarily engaged in the development of the Crown Prince Project, part of the Garden Gully tenure package, with a market focus on transitioning from exploration to gold mining.
YTD Price Performance: 54.55%
Average Trading Volume: 15,441,425
Technical Sentiment Signal: Buy
Current Market Cap: A$175.5M
For detailed information about NMG stock, go to TipRanks’ Stock Analysis page.