Mt Malcolm Mines NL (ASX:M2M) Completes Bulk Sampling Excavation
Bulk Sampling Completion
Mt Malcolm Mines NL has successfully completed the bulk sampling excavation at the Golden Crown Prospect. The company continues processing remaining stockpiles, achieving significant gold recovery and generating substantial revenue.
Gold Recovery and Revenue
In January, 95.54 ounces of doré were produced from processing 200 WMT of high-grade material. To date, 218 ounces have been recovered from 812 WMT. Doré sales to The Perth Mint generated AUD$835,462, with gold purity between 85.6% and 94.5% Au.
Executive Comments
Managing Director Trevor Dixon stated, “The successful completion of the bulk sampling excavation program with no loss time injuries (LTI) at Golden Crown marks a major milestone for Mt Malcolm. The recovery of gold doré through gravity processing strengthened our confidence in the economic potential of the prospect. As processing continues our forward focus will turn to advancing resource estimations, evaluating monetisation options for stockpiled material, and optimising future mining strategies at Golden Crown.”
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