Pathway to Mining Lease for Norwest's Bulgera Gold Project Secured Following Crucial Approval

March 09, 2025 11:00 AM AEDT | By Team Kalkine Media

Pathway to Mining Lease for Norwest's Bulgera Gold Project Secured Following Crucial Approval — Image source: Shutterstock

Focus on Cultural Heritage

A mining proposal is being finalized to ensure minimal impact on Aboriginal cultural heritage. Post this, native title agreements will be negotiated focusing on safeguarding Aboriginal heritage and protecting the rights of Gingirana native title holders.

Economic Viability Boosted by Gold Prices

The gold market's substantial rise, with prices exceeding $4600/oz, enhances the economic potential of resources at Bulgera. The hike in gold prices is seen in light of heightened geopolitical risks and increased safe-haven investing.

Resource Renewal and Expansion

The project’s resource estimate, last updated in April 2024, saw contained resources increase from 200,000oz to 217,000oz, courtesy of higher gold prices and a reduced cut-off grade from 0.6g/t to 0.3g/t.

Future Exploration and Testing

NWM is planning to engage thoroughly in resource definition and expansion. Focus areas include drill testing near-mine targets and assessing oxide waste dumps for gold recovery. A Program of Works approval has been received to proceed with these initiatives.

Geological and Resource Insights

The Bulgera project is considered an extension of the Plutonic Well mafic-ultramafic mine sequence. Historical data indicates multiple gold lodes, with substantial gold drill intervals occurring below 100 vertical meters.

NWM's future operations include testing the Bulgera gold lode further to depths exceeding 700m. Additionally, the plans entail drilling for downdip extensions of other lodes such as Mercury, Venus, and Price, with the objective of expanding the current resource base.

Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.