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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.083 0.013 (18.57%)+
Announcement
Release
9 Oct 2025 9:36AM
Price at Release
$0.070
Full Release
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Summary
OzAurum Resources Limited, operating in Western Australia, is focused on advancing its gold projects, notably the Mulgabbie North Project located near Kalgoorlie. This project is progressing well, with recent resource estimates indicating substantial gold reserves. The Mulgabbie North Mineral Resource is classified under the JORC 2012 Code, with significant measured, indicated, and inferred resources totaling approximately 11.638 million tonnes at a grade of 0.70 g/t Au. The company continues to pursue development and exploration, securing permits and refining site layouts for future stages. In terms of feasibility, recent drilling and metallurgical testing have been conducted to further delineate high-grade zones and optimize recovery processes, showcasing a robust development pathway for bringing these resources into production. The project is strategically located near the Carosue Dam gold mine, enhancing its logistical viability.
Key Points
  • Mulgabbie North Project is located 135km northeast of Kalgoorlie.
  • The mineral resource estimate is compliant with the JORC 2012 Code.
  • Measured, indicated, and inferred resources total 11.638 million tonnes at 0.70 g/t Au.
  • Recent drilling programs have targeted high-grade zones for detailed exploration.
  • Permitting and site layout refinements are underway for developmental stages.
  • The project is proximal to the Carosue Dam gold mine, which aids logistical strategies.
  • OzAurum purchased the Mulgabbie North property on 19th October 2020.
  • No third-party royalties exist, maintaining clear ownership and operational control.
  • Feasibility studies highlight a strong development pathway for production.
  • Favorable metallurgical test results suggest efficient gold recovery methods.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.