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OzAurum Resources Limited (ASX:OZM)

ALERT: Price-sensitive ASX Announcement for OZM
Current share price for OZM : $0.090 0.003 (3.45%)+
Announcement
Release
8 Jul 2026 9:32AM
Price at Release
$0.087
Full Release
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Summary
OzAurum Resources Limited announced outstanding heap leach metallurgical results at the Mulgabbie North Gold Project, reporting up to 82% gold recovery from column tests at the James Stage 1 Open Pit. The company plans to enhance recovery further by reducing ore crush size to -8mm in heap leach production. Key highlights include low cyanide consumption and excellent recovery across various ore types, which are expected to bolster a low-cost production strategy. The refurbishment of the heap leach plant is nearing completion, indicating progress towards a near-term production scenario. CEO Andrew Pumphrey emphasized the project's viability as a long-term, cost-effective mining operation.
Key Points
  • Outstanding heap leach results reported at Mulgabbie North by OzAurum Resources Ltd.
  • Exceptional gold recovery of up to 82% from column test work in the James Stage 1 Open Pit.
  • Plans to crush ore to -8mm for increased recovery potential in heap leach production.
  • Column 3 delivered ~75% recovery from paleochannel ore crushed to -12mm.
  • Low cyanide consumption of ~0.21 kg/t, suggesting low operating costs.
  • Heap leach plant refurbishment nearly complete, supporting near-term production.
  • Results support Stage 1 development and future Stage 2 expansion across an 8km mineralised system.
  • CEO Andrew Pumphrey highlighted the project's potential for a low-cost, long-life operation.
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.