New Murchison Gold Ltd makes progress on Mid West mine with ore purchase agreement for gold in full effect

A Murchison-based mining company has ticked off another milestone, with its ore purchase agreement coming into full effect.

New Murchison Gold, an organisation taking part in mining operations near Meekatharra, last week announced the conditions for its ore purchasing agreement had either been satisfied or waived, meaning it was in effect.

The agreement was between Big Bell Gold Operations, a subsidiary of Westgold Resources, and Zeus Mining, owned by New Murchison Gold, for its Crown Prince open pit development.

New Murchison Gold chief executive Alex Passmore said it was a positive to reach the milestone.

“We are pleased to have completed this milestone and for our ore purchase agreement with Westgold Resources Limited to have come into effect,” he said.

“We are developing a positive working relationship with the Westgold team.

“NMG is busily progressing the high-grade Crown Prince open pit gold project towards development.”

The organisation has multiple gold deposits along the Abbotts Greenstone Belt, with the Crown Prince deposit being the most advanced.

At the site, the company has continued to navigate through regulatory approvals, with key activities being recently completed or progressing.

These include acquiring a facility in Meekatharra to use as a base before the site is established, receiving a permit to clear native vegetation, development of dewatering bores with pipeline works to begin shortly, tenders for principal contracts were issued and deep diamond drilling was ongoing.

Last month, Australian Mining Review reported the organisation had found visible gold while undergoing diamond drilling, with early analysis suggesting strong potential for more gold.