Perth, Australia – 21st January 2026 – New Murchison Gold Limited (ASX:NMG) has delivered its fourth consecutive month of increasing gold production from the Crown Prince Gold Mine in Western Australia’s Murchison goldfields, coinciding with record Australian gold prices exceeding A$7,000 per ounce.
The Company has now completed its first full quarter of production, selling 184,746 dry tonnes of ore at an average grade of 4.0g/t gold, representing 22,766 ounces of gold for the December 2025 quarter.
Crown Prince has transitioned successfully from ramp-up to steady-state operations, generating strong cash flow and ending the quarter with A$92 million cash at bank.
Alex Passmore, Chief Executive Officer of New Murchison Gold, said:
“Crown Prince Gold Mine continues to deliver strong ore production to the Bluebird mill enabling significant cash flow generation for NMG. With a strong balance sheet the Company is well placed to advance our near-term production prospects within the broader Garden Gully tenure package.”
In parallel with production success, New Murchison Gold has recently released high-grade drill results from the Lydia Gold Prospect, located approximately 800 metres from Crown Prince and on a granted mining lease. The results highlight the potential to add additional tonnes and ounces into the existing production pipeline.
“We believe we can leverage off existing infrastructure to bring Lydia online relatively quickly,” Mr Passmore said.
With production growing, a strong balance sheet, and gold prices at record highs, New Murchison Gold is well positioned to continue delivering shareholder value.
About us:
ABOUT NEW MUCHISON GOLD
New Murchison Gold Ltd (ASX:NMG) is a mineral exploration and gold mining company which holds a substantial package of tenements in the prolific Murchison goldfield near Meekatharra, Western Australia. The Company is focused on the Garden Gully Gold Project which comprises a 677km2 tenure package covering the Abbotts Greenstone Belt and other key regional structures. The project has multiple gold deposits along the belt with the most advanced being the Crown Prince Gold Mine. Gold mineralisation in the belt is controlled by major north trending structures and contact zones between felsic and mafic metamorphosed rocks. NMG updated its Mineral Resource Estimate in November 2024 and reported a maiden Ore Reserve and Feasibility Study for the Crown Prince Deposit in February 2025. As announced 25 June 2025 the Company made a decision to develop the Crown Prince Gold Mine and completed its first blast on 30 June 2025. NMG commenced production in September 2025.
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