Musgrave Minerals is an Australian-focused mineral exploration company whose cornerstone asset is the 100%-owned Cue gold and copper project in Western Australia’s Murchison Province. The project contains JORC-compliant, near-surface gold and copper resources across multiple deposits totalling 441koz Au and 55kt copper metal, with the standout deposit the Break of Day discovery, which contains 868,000 tonnes at 7.15 g/t Au for 199,000 ounces.
Significant upside remains at Cue, with Musgrave continuing to discover gold outside the current resource boundaries, as evidenced by recent hits at Break of Day of 11m at 54g/t Au and the new Louise discovery where the Company intersected 4m at 15.4 g/t Au from 79m downhole.
Musgrave is actively seeking to grow resources at Cue through systematic exploration and is assessing development options that would deliver near-term cashflow. The project’s location is such that it is within easy trucking distance of four operating gold mills. The Company also has a massive footprint in the Musgrave Province in South Australia – one of the least explored frontier regions of Australia.
Presenter – Robert Waugh - MD - Musgrave Minerals is an Australian-focused mineral exploration company whose cornerstone asset is the 100%-owned Cue gold and copper project in Western Australia’s Murchison Province.
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Musgrave Minerals (ASX: MGV), which listed on the ASX in 2011 is a focused mineral exploration company applying modern-day exploration techniques and conceptual models to prospective gold and base metals regions of Australia.
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04 Jul 2023 - Ramelius Resources has swooped in and snatched Musgrave Minerals after the latter rejected an all-paper offer from Westgold.
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The board of Musgrave Minerals (ASX:MGV) has advised shareholders to decline the all-stock bid presented by Westgold Resources (ASX:WGX), asserting that the offer undervalues the company.
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Westgold Resources has announced a $177m bid for Musgrave Minerals in a deal aimed at uniting two miners operating in the Cue area of the WA goldfields.
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