Murchison South Gold Project

Located in the Murchison region of Western Australia, the Murchison South Gold Project is a near-term development opportunity positioned to capitalise on strong gold market conditions.

Project Overview

  • Mining leases are granted with established near-mine infrastructure and proximity to potential third-party milling options.
  • The project is being advanced rapidly with mining studies and approvals already underway.
  • A scoping study is nearing completion.
  • A two-pit development strategy is being pursued, focused on shallow open pits at Blue Heaven and Pansy.

Mineral Resource Estimates (JORC 2012)

  • Blue Heaven:
681,000 tonnes at 2.8g/t Au for 61,300 ounces of contained gold
(Refer to ASX release dated 9 April 2025)
  • Pansy Pit:
72,000 tonnes at 2.5g/t Au for 5,800 ounces of contained gold
(Refer to ASX release dated 13 May 2025)

Exploration Upside

Blue Heaven

At Blue Heaven, new targets have been identified:

  • Along-strike extensions to the north and east, supported by mapped surface quartz veining.
  • Potential southward extension of the oxide zone due to the absence of surface veining.
  • A high-grade vein in the south target area remains untested.

Pansy Pit

At Pansy Pit, Mining Plus has identified significant exploration potential at:

  • Pansy North and Jacamar deposits.
  • The Shamrock deposit, which also shows potential for further gold mineralisation.

Strategic Advantage

  • The project offers a fast-track to market opportunity, aimed at delivering an early cash injection through a starter pit.
  • Expansion potential exists along the Primrose Fault, increasing the long-term value proposition.
  • The company’s strategy is to self-fund broader exploration using near-term gold revenues, while maintaining flexibility across its critical mineral’s portfolio.