New Murchison Gold (NMG) Q2 2025 TU earnings summary

Executive summary

• Advanced Crown Prince Gold Project with ongoing drilling, feasibility study, and pre-development activities.

• Achieved key milestones: Maiden Ore Reserve, positive feasibility study, and effective Ore Purchase Agreement (OPA) with Westgold.

• Raised $16.5 million via placement and $6.8 million from option exercises, ending the quarter with $21.5 million cash.

Financial highlights

• Feasibility study projects pre-tax cash flow of $226 million over 30 months at A$4,385/oz gold price.

• All-in sustaining costs (AISC) estimated at $2,327–$2,462/oz depending on gold price scenario.

• Net cash inflow from financing activities of $22.2 million for the quarter.

• Exploration and evaluation expenditure totaled $2.66 million for the quarter.

Outlook and guidance

• Mining at Crown Prince open pit targeted to commence mid-2025, subject to final regulatory approvals.

• Ongoing grade control and extensional drilling expected to provide further updates in the next quarter.

• Company well funded with estimated 6.8 quarters of available funding at current expenditure rates.