New Murchison Gold Limited
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Company Description
- CEO
- Alexander Ross Passmore
- Full Time Employees
- 47
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- Suite 5, Level 1 Perth WA Australia 6005
- IPO Date
- Mar 16, 2001
- Website
- newmurchgold.com.au
- Similar Companies
- Business
- New Murchison Gold Limited New Murchison Gold Limited (ASX: NMG) is an Australia-based mineral exploration, development, and production company focused on gold projects in Western Australia. The company holds a substantial 677 square kilometer tenure package in the prolific Murchison goldfield near Meekatharra, encompassing the flagship Garden Gully Gold Project; key assets within this include the advanced Crown Prince gold deposit on a granted mining lease, along with exploration prospects such as Airstrip, Battery, Crescent, Lydia, Abbotts, Red Bore, and Keller Creek. It targets high-grade gold mineralization in the Abbotts Greenstone Belt, with additional historical focus on base metals including copper, lead, zinc, silver, nickel, and graphite, as well as uranium in the Northern Territory; operations emphasize resource expansion, drilling, and open-pit mining supported by toll treatment agreements. Founded in 2003 and headquartered in West Perth, Australia, the company serves institutional and retail investors through ASX listing and aims at mid-tier producer status via efficient, cost-effective advancement of its projects. Formerly known as Ora Gold Limited, it rebranded to New Murchison Gold Limited in November 2024 to reflect its strategic emphasis on the Murchison region. Recent developments include commencing gold production at the Crown Prince Gold Mine in September 2025 with initial trucking of 60,877 tonnes of ore at 3.95 grams per tonne to Westgold Resources' Bluebird processing facility under an ore purchase agreement targeting 7,285 recoverable ounces monthly; completing a positive feasibility study with $226 million pre-tax cash flow over the mine life and an ore reserve estimate; raising $16.5 million in an oversubscribed placement in March 2025 to fund development, exploration, and working capital, boosting cash to $22.1 million; awarding a 30-month, up-to-$15 million crushing and screening contract to MLG Oz Sand & Gravel Pty Ltd commencing August 2025; achieving high-grade drilling results at Crown Prince and nearby prospects, including visible gold intersections and grade uplifts ahead of open-pit development; and ramping up operations in October-November 2025 with stockpiles of run-of-mine and crushed high-grade ore exceeding expectations.
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