New Murchison Gold Limited (“NMG”) is pleased to advise that all conditions precedent to its Ore Purchase Agreement (OPA) with Westgold Resources Limited have now been satisfied or waived, and the agreement has officially come into effect.
The OPA between Big Bell Gold Operations Pty Ltd (a wholly owned subsidiary of Westgold) and Zeus Mining Pty Ltd (a wholly owned subsidiary of NMG) enables Westgold to purchase gold ore from NMG’s Crown Prince deposit, part of the Company’s flagship Garden Gully Gold Project near Meekatharra, Western Australia.
Key Highlights
- All conditions precedent to the Crown Prince Ore Purchase Agreement with Westgold Resources have been met.
- Agreement now in full effect, marking a major development milestone for NMG.
- Ongoing progress on Crown Prince open pit development includes:
- Acquisition of an operational base in Meekatharra
- Receipt of native vegetation clearing permit and dewatering bore licence
- Completion of dewatering bore development; pipeline works imminent
- Recruitment of key management personnel underway
- Tender process for principal operational contracts (mining, crushing, dewatering) has commenced
- Ongoing grade control and deep diamond drilling activities
Comment from CEO Alex Passmore
“We are pleased to have completed this milestone and for our Ore Purchase Agreement with Westgold Resources Limited to have come into effect. 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 Company is continuing to build momentum in preparation for production at Crown Prince, supported by its advancing regulatory approvals, operational infrastructure, and exploration activities.