Musgrave (ASX:MGV) shares welcome release of first 3D Interactive Model of Cue Gold Project

March 24, 2023 11:41 AM AEDT | By Manisha
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  • Musgrave Minerals (ASX:MGV) has released its first 3D interactive model of the Cue Gold Project.
  • The image can be accessed on the company’s website.
  • Also, the company is about to wrap up the Stage 1 Prefeasibility Study for the Cue Gold Project; likely to be released next month.

Musgrave Minerals Limited (ASX: MGV) today announced the release of the first 3D interactive geoscientific model of its flagship Cue Gold Project.

The 3D interactive model has been created by use of the VRIFY Technology Platform. It comprises numerous feature points about the Cue Gold Project, including topography, location, and resource block models.

Also, different exploration processes, like geophysical surveys, drilling, surface geochemistry, and models of gold deposits are demonstrated in an intuitive 3D interface.

The company will upload Stage 1 PFS designs and a planned infrastructure layout to the model once they are ready.

To access the 3D interactive model, you may visit the company’s website, says MGV.

Share price jumps 8%

MGV stock reacted positively to the news and edged up by more than 8.3% in the early hours on 24 March 2023. It was spotted trading at AU$0.195. The market capitalisation of the company stood at AU$106.41 million.

About the company & its cornerstone Cue Project

An active Australian gold explorer and developer, Musgrave Minerals is driven by its mission to achieve exploration success and work on development opportunities that can help the company establish a profitable gold mining business at its Cue Gold Project.

Located in the Murchison region of Western Australia, the Cue Project is an advanced gold project with a current Mineral Resource Estimate of 12.3Mt @ 2.3g/t Au for 927koz gold.

Musgrave’s prime focus at Cue remains centered on ascending its gold resources by discovering and extensional drilling. It is determined to move ahead on a viable path to near-term development to nail its business objectives at the site.

The ASX-listed firm owns a large exploration tenement package in close proximity to Mt Magnet, Western Australia. Also, it has an exploration tenement package in the nickel-copper-cobalt prospective Musgrave Province of South Australia.


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