Musgrave Minerals Limited

Musgrave Minerals Limited

MGVMF
Musgrave Minerals LimitedUS flagOther OTC
0.15
USD
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110.55MMarket Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChat
CEO
Robert Scott Waugh MSc, BSc, MAusIMM, MAIG
Sector
Basic Materials
Industry
Gold
Address
5 Ord Street West Perth WA Australia 6005
IPO Date
Jun 12, 2020
Business
Musgrave Minerals Limited Musgrave Minerals Limited engages in gold and base metals exploration and development in Australia; it primarily targets silver, gold, copper, and nickel deposits through advanced drilling programs, resource delineation, and feasibility studies. The company holds a 100% interest in the flagship Cue Gold Project in Western Australia's Murchison Province, which encompasses high-grade deposits such as White Heat-Mosaic, Big Sky, Amarillo, Waratah, and Break of Day along key trends, supporting a mineral resource of approximately 12.3 million tonnes at 2.3 grams per tonne gold for 927,000 ounces; additional assets include the Mt Magnet South Project covering 294 square kilometers with exploration licenses near established goldfields and various tenement applications in the Ni-Cu-Co prospective Musgrave Province of South Australia. Founded in 2010 and headquartered at Ground Floor, 5 Ord Street, West Perth, Western Australia, Musgrave Minerals operates across Western Australia and South Australia with a focus on resource expansion via extensional and discovery drilling, joint ventures such as the Cue collaboration with Evolution Mining Limited, and progression toward development studies for viable mining paths. In September 2023, Ramelius Resources Limited completed its acquisition of Musgrave Minerals, achieving over 90% ownership through a cash and scrip off-market takeover offer valued at approximately A$201 million and subsequently initiating compulsory acquisition of remaining shares, after which Musgrave Minerals operates as a subsidiary of Mt Magnet Gold Pty Limited, now delisted from the ASX with its Cue Project assets integrated into Ramelius' Mt Magnet production hub for accelerated development.

Company News

APIChat
  • Musgrave Minerals jumps on Westgold Resources takeover offer

  • Musgrave Minerals jumps on hitting bonanza-grade gold bounty from new Mosaic lode at flagship Cue Project

  • Musgrave Minerals welcomes Cue JV partner Evolution Mining's increased role

  • Musgrave Minerals pinpoints new, high-grade gold trend in regional drilling program

  • Musgrave Minerals continues to enhance Big Sky with near-surface high-grade gold

  • Musgrave Minerals higher on striking 5 metres at 313.4 g/t gold outside Break of Day resource at Cue

  • Musgrave Minerals higher on striking 5 metres at 313.4 g/t gold outside existing Break of Day resource at Cue

  • Musgrave Minerals strikes up to 5 metres at 313.4 g/t gold outside existing Break of Day resource at Cue

  • Musgrave Minerals continues drilling toward resource update through quarter and beyond

  • Musgrave Minerals lights up Big Sky with bonanza-grade gold hit

  • Musgrave Minerals intercepts more thick gold zones at West Island within Cue JV

  • Musgrave Minerals broad, near-surface high-grade results open up further Cue gold discovery potential

  • Musgrave Minerals' new gold discoveries White Heat and Blue Sky continue to deliver

  • Musgrave Minerals hits bonanza-grade gold during White Heat infill drilling

  • Musgrave Minerals aims for the blue sky at Big Sky following positive gold assay results

  • Musgrave Minerals uncovers more positive gold results at Big Sky and Target 14 during Cue Project exploration

  • Musgrave Minerals intersects high-grade gold during diamond campaign at Lake Austin gold target

  • Musgrave Minerals RC drilling reveals thick Big Sky gold intersections up to 84 metres at Cue Project

  • Musgrave Minerals turns up the heat at Cue Gold Project with results up to 2 metres at 38.7 g/t from 10 metres at regional prospects

  • Musgrave Minerals higher on doubling Big Sky gold strike length to more than 2.6 kilometres