OzAurum drives Mulgabbie North forward on potential path to gold production

• OzAurum takes control of the Mulgabbie North gold project heap leach feasibility study
• The company has appointed globally recognised leaders Kappes Cassiday & Associates Australia to lead in-house testwork and provide technical support
• In-house percolation testwork delivers excellent outcomes with strong early success

Special Report: Budding gold hopeful OzAurum Resources takes the wheel, regaining full control of the Mulgabbie North heap leach feasibility study with guidance from globally recognised experts.

It’ll allow the WA-based company to reset the study on a stronger technical foundation.

But the company won’t be alone in its efforts. OzAurum has called on Randall Pyper of Kappes Cassiday & Associates Australia (KCAA) – globally recognised leaders in heap leach testwork and design – to guide in-house metallurgical testwork and provide ongoing technical input.

OzAurum (ASX:OZM) has also engaged Burnt Shirt Pty Ltd to oversee the study, ensuring transparent and independent technical management.

“With the support of Randall Pyper from Kappes Cassiday & Associates Australia, who provided the technical advice to the successful Kanowna pug clay paleochannel heap project in 1987, we are building on proven expertise as we advance the Mulgabbie North heap leach feasibility study,” OZM managing director and CEO Andrew Pumphrey said.

The move follows the company’s previous partner, Line Hydrogen, seeking to withdraw from the study after being placed into administration last month.

“I am looking forward to progressing a potential path to gold production at the Mulgabbie North Project, with OZM now back in full control of the feasibility study,” Pumphrey added.

“The withdrawal of Line Hydrogen is a positive outcome, as it enables us to regain responsibility for advancing the project in the best interests of our shareholders without further delays.”

Excellent outcomes

The support has already helped OzAurum deliver what it describes as “excellent outcomes” from early testing at its Coolgardie, WA laboratories under KCAA’s guidance.

The company is now running up to five percolation tests a day at no extra cost to shareholders.

Early work on the highest clay paleochannel samples has produced strong results.

Across 37 completed tests, OZM has recorded an average percolation rate of 57,200L/hr/m², comfortably above industry benchmarks for successful heap leaching.

“The consistently high percolation flow rates we are seeing, even from the most challenging paleochannel clays, are extremely encouraging and bode well for the future success of the Mulgabbie North Heap Leach Study,” Pumphrey said.

“With these strong foundations in place, OZM is well-positioned to deliver a transparent, technically robust and value-focused pathway to potential gold production.”

Exploration drive

On the exploration front, drilling is set to begin in the coming weeks, pending rig availability, at the Mulgabbie North Cross Fault.

Recent results from the discovery confirmed multiple zones of high-grade gold in fresh rock over 400m of strike, with mineralisation open both at depth and along strike.

Standout hits included:

• 10m at 2.18 g/t Au (from 85m), incl. 2m at 6.09 g/t Au (from 85m) and 2m at 3.12 g/t Au (from 93m);
• 21m at 1.22 g/t Au (from 33m), incl. 1m at 5.45 g/t Au (from 43m) and 1m at 11.41 g/t Au (from 53m);
• 7m at 3.14 g/t Au (from 101m), incl. 1m at 13.40 g/t Au (from 105m); and
• 21m at 0.94 g/t Au (from 119m), incl. 1m at 5.95 g/t Au (from 132m).

OzAurum is now setting its sights on further drilling to support a potential maiden resource at the Cross Fault.

Cross Fault lies just 1.3km south of OzAurum’s existing 260,000oz combined mineral resource at Mulgabbie North, within the prolific Relief Shear.

Drilling at the James and Ben prospects will also provide samples to support testwork and optimise processing pathways.

This article was developed in collaboration with OzAurum Resources, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.