New Murchison Gold Surpasses Production Targets at Crown Prince Mine

Strong Operational Performance at Crown Prince

New Murchison Gold Limited (ASX, NMG) has delivered a solid update on its Crown Prince Gold Mine, highlighting a strong third month of mining and crushing activity. In November 2025, the company sold 67,199 dry tonnes of ore at an average grade of 3.69 grams per tonne of gold. This translated into 7,630 recoverable ounces of gold, underscoring the mine’s productive capacity early in its operational life.

The ore was sold to Westgold Resources Limited’s subsidiary, Big Bell Gold Operations Pty Ltd, for processing at the Bluebird gold processing facility located 36 kilometres south of Crown Prince. This partnership continues to be a critical component of New Murchison’s operational strategy, enabling efficient processing and timely payments.

Financial Milestone and Production Stability

In a notable financial development, New Murchison received a payment of $41.6 million from Westgold in late November for ore sales made in October. This payment, which includes GST and is net of trucking and processing costs, reflects the strong commercial execution underpinning the ore purchase agreement between the two companies.

CEO Alex Passmore expressed satisfaction with the mine’s performance, noting that production has stabilised at levels consistent with or better than the company’s feasibility study estimates. He also highlighted that for the second consecutive month, Westgold allowed New Murchison to exceed the monthly ore processing cap of 50,000 tonnes, signaling operational flexibility and strong throughput.

Looking Ahead, Inventory and Reporting

While the company reported approximately 16,200 wet tonnes of crushed ore inventory on site at the end of November, this figure remains unreconciled, suggesting ongoing operational adjustments. New Murchison has committed to providing future production updates through its quarterly reports, offering investors a clear view of ongoing progress.

Importantly, the company reaffirmed that there have been no material changes to the production targets outlined in its February 2025 feasibility study, maintaining confidence in the mine’s long-term prospects. This stability is reassuring for stakeholders watching the development of the Garden Gully Gold Project and the broader Murchison goldfield region.