New Murchison nearly doubles Garden Gully resources
New Murchison Gold has expanded the Garden Gully resource, located in Meekatharra Western Australia, by 47 per cent, strengthening its growth pipeline and boosting confidence in future development plans.
The updated JORC-compliant mineral resource estimate (MRE) outlines a remaining inventory of 4.42 million tonnes at 2.5 grams per tonne (g/t) gold for 359,300 ounces. When reconciled production mined to April 1, 2026 is included, the total resource base reaches 409,100 ounces.
The result marks a 29 per cent improvement on the November 2024 estimate and a 47 per cent increase after accounting for mined ounces. The update incorporates maiden resources from the Lydia and Abbotts prospects, alongside revised estimates for Crown Prince and Cloudkicker.
A key outcome of the work is the increased confidence in the resource base, with measured and indicated categories now representing 71 per cent of contained ounces.
Crown Prince continues to anchor the project, containing 228,400 ounces across open pit and underground inventories. The open pit component includes a measured resource of 39,000 ounces grading 3.8g/t gold, supporting near-term mining and processing plans.
Elsewhere across the project area, Cloudkicker contributes 31,300 ounces, including 25,100 ounces classified as indicated. Lydia adds a maiden estimate of 55,100 ounces, while Abbotts contributes a further 44,500 ounces.
The location of Lydia and Cloudkicker, less than 800m from the active Crown Prince hub, provides an opportunity to utilise established roads, site infrastructure and operational personnel. This could support future mining activities without significant additional capital investment.
The revised estimate follows extensive drilling and geological modelling undertaken across the goldfield. Since the 2024 resource update, exploration and grade-control programs at Crown Prince have completed 738 drill holes, improving geological understanding and increasing resource confidence.
New Murchison Gold will use the enlarged inventory to support feasibility studies, optimisation work and further drilling aimed at extending mineralisation that remains open along strike and at depth.