Gibb River Diamonds Limited (ASX:GIB) Lodges Mining Proposal for Neta Prospect
Mining Proposal
Gibb River Diamonds Limited has lodged a Mining Proposal for the Neta Prospect at its Edjudina Gold Project with the West Australian Mines Department (DEMIRS). The JORC resource at Neta Prospect is 378,000 tonnes @1.9 g/t for 24,000 Oz Au, including an Indicated Resource of 110,000 tonnes @2.2 g/t for 8,000 Oz Au.
Future Plans
The Company aims to monetize the Neta resource by permitting Mine and Haul operations, using toll treatment at a third-party mill. A heritage survey is planned for April 2025 to facilitate mining and exploration at the adjacent lease M31/481. Discussions with various WA groups for mining operations are ongoing.
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