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Highlights
- Gravity processing achieves high-grade gold recovery, reinforcing the significance of the Golden Crown project.
- Gold sales generate substantial revenue, with transactions completed through The Perth Mint.
- The company is shifting focus toward drill planning to expand mineralisation and support production growth.
Mt Malcolm Mines (ASX:M2M) continues to report significant progress in its gold recovery operations at the Golden Crown project near Leonora, Western Australia. The bulk sampling program has delivered strong results, with gravity processing achieving notable gold grades. These developments highlight the project's ongoing production efforts.
Gold extraction through gravity processing has shown promising efficiency, reinforcing the value of the high-grade mineralisation within the deposit. The latest recoveries have been sourced from carefully selected ore batches, demonstrating the effectiveness of the company's operational methods.
Revenue from Gold Sales
Gold sales from the bulk sampling program have yielded significant earnings, with transactions completed through The Perth Mint. Gold doré recovered from the processed material has exhibited a high level of purity, reflecting the quality of extracted resources. Recent processing efforts have resulted in the successful recovery of multiple batches of gold doré, further supporting revenue generation.
The ability to produce and refine gold at a consistent rate has been a key factor in ensuring steady progress. The bulk sampling initiative has provided valuable insights into processing efficiencies, which will be used to refine future extraction strategies.
Transition to Drill Planning
With bulk sampling operations now complete, the focus is shifting toward advanced drill planning. The goal is to extend high-grade zones and define additional mineralised areas that may support long-term production efforts. The next phase of drilling will be designed to build upon the results of the bulk sampling program, allowing for a more detailed understanding of the deposit's characteristics.
Expanding resource estimates through targeted drilling will play a key role in shaping future mining strategies. By gathering new geological data, the company aims to refine its resource model and assess the feasibility of continued development at Golden Crown.
Processing and Development Strategies
Efforts are also underway to explore cost-effective processing techniques that can maximise returns from existing stockpiles. Optimising processing methods will be a central part of the company’s broader strategy to establish a structured and efficient production model.
A staged mining approach is being considered, with a focus on minimising upfront capital requirements while ensuring a steady flow of extracted material. This method is expected to support operational sustainability while aligning with long-term development goals.
Forward Momentum
The latest advancements in gold recovery, combined with a shift toward strategic drilling and resource assessment, mark a significant phase for the Golden Crown project. By leveraging insights gained from recent bulk sampling efforts, the company continues to refine its approach toward exploration and production.
