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An update from Ora Gold Ltd. ( (AU:NMG) ) is now available.
New Murchison Gold Limited has reported significant progress in its Crown Prince Project during the quarter ending December 2024. The company announced a 16% increase in the total Mineral Resource Estimate and a 39% increase in the Indicated classification at the Crown Prince Deposit. This advancement is supported by an Ore Purchase Agreement with Westgold, which will facilitate open pit mining at Crown Prince starting mid-2025. Additionally, the company is well-funded with nearly $4 million in cash, positioning it well to continue its technical and commercial activities.
More about Ora Gold Ltd.
New Murchison Gold Limited is a Western Australian gold exploration and development company with a focus on its Garden Gully Gold Project. It is engaged in exploring and advancing its key asset, the Crown Prince Project, as part of its broader Garden Gully tenure package.
Average Trading Volume: 25,147
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €46.2M
Learn more about NMG stock on TipRanks’ Stock Analysis page.
