OzAurum Advances Mulgabbie North Toward Production

OzAurum Resources Ltd (ASX: OZM) is a Western Australian gold explorer progressing its Mulgabbie North Gold Project toward potential development. The company has commenced a four-hole diamond drilling program to support Stage 2 heap leach feasibility studies, focusing on metallurgical column testwork and geotechnical data for open pit optimisation at the Paleochannel and Ben areas. This work aligns with its capital-light development strategy following a recent AU$4.1 million strategic placement that strengthened its balance sheet.

Mulgabbie North hosts a JORC 2012 Mineral Resource of 11.64 million tonnes at 0.70 g/t gold for 260,000 ounces. In addition to advancing permitting and pit design, OzAurum plans further grade control and resource definition drilling to enhance confidence in Stage 2 mining. Beyond Western Australia, the company also holds projects in Brazil prospective for niobium and rare earth elements.

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