Dig Deep Alex Passmore on New Murchison Gold's Journey in the Murchison Gold Field
In this episode, we chat with Alex Passmore, CEO of New Murchison Gold, who are an ASX listed mineral exploration and development company that holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra in Western Australia. Alex is a geologist by background but spent much of his career on the finance side of the industry. He is an experienced corporate executive and has a number of company directorships under him, and in this episode, he gives us an overview of Murchison Gold, an update on the operation, and views on finance in the industry and in the junior space and more.
KEY TAKEAWAYS
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New Murchison Gold is a gold mining company located in the Murchison district of Western Australia, focusing on gold exploration and development. The company has a significant package of tenements and has recently shifted its focus solely to gold assets.
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The company has successfully commenced mining operations at the Crown Prince site, achieving its first blast on June 30 and completing four blasts by mid-July.
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New Murchison Gold has established a beneficial relationship with West Gold Resources, which allows them to sell their ore to West Gold's Bluebird mill.
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There is significant upside potential in the Crown Prince ore body, with expectations of underground extensions that could enhance production.
BEST MOMENTS
"We’ve managed to unlock significant value by discovering the Crown Prince ore body, which underpinned a big uplift in resources and the publication of an ore reserve earlier this year."
"We are selling our ore and get paid 83% of the value of the gold that's in that ore to West Gold Resources, which has a plant 36 kilometres away."
"We are confident in the ore body and the grades as we've put out publicly in the production profile."
"Crown Prince will be producing around 60,000 ounces annually, and if we can bring on the other two, we start to head towards that magic 100,000-ounce production per annum rate."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
GUEST SOCIALS
https://www.newmurchgold.com.au/https://www.newmurchgold.com.au/news-media/videos-podcasts/https://www.linkedin.com/in/alex-passmore-23025549/https://www.linkedin.com/company/new-murchison-gold/X: @NMG_GoldASX
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/