New Murchison Gold Signs Ore Purchase Deal with Westgold Resources Unit

MT Newswires Live

2024/12/12

New Murchison Gold (ASX:NMG) signed an agreement with Big Bell Gold Operations, a subsidiary of Westgold Resources (ASX:WGX), to purchase gold ore from the Crown Prince deposit in Western Australia, according to a Thursday filing with the Australian bourse.

The company plans to start mining from a new open pit operation at the deposit, with a target start date of mid-2025, once final regulatory permitting is secured, the filing said.

The agreement has no fixed term, but the company expects most of Crown Prince ore to be processed in an initial period over the first 24 months, according to the filing.

Westgold Resources' shares were up almost 1% in recent Thursday trade.

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