Gibb River Diamonds Reports Gold Production Update from Edjudina Project
Gibb River Diamonds Limited (ASX: GIB) has reported total gold production of 5,267.9 ounces from the Neta Project at its Edjudina Gold Project in Western Australia. The produced gold has been sold at an average price of AU$7,209.60 per ounce, generating total sales revenue of approximately AU$37.98 million.
Processing campaigns were completed across two facilities. At the Three Mile Hill plant near Coolgardie, 33,529 dry metric tonnes of ore were processed, producing 1,792 ounces of gold with a recovery rate of 90.7%, generating sales of around AU$12.73 million.
At the Lakewood processing facility, 95,256 dry metric tonnes of ore were treated, recovering 3,475.9 ounces of gold with metallurgical recoveries of 88.0%, resulting in sales of approximately AU$25.24 million.
The company expects a significant initial cash distribution from its joint venture partner during March 2026 once operational cost reconciliation is finalised. Following the receipt of funds, GIB plans to commence drilling at several prospective gold targets within the Edjudina project area while also evaluating additional acquisition opportunities in the Western Australian gold sector.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Gibb River Diamonds Reports Gold Production Update from Edjudina Project
Gibb River Diamonds Limited (ASX: GIB) has reported total gold production of 5,267.9 ounces from the Neta Project at its Edjudina Gold Project in Western Australia. The produced gold has been sold at an average price of AU$7,209.60 per ounce, generating total sales revenue of approximately AU$37.98 million.
Processing campaigns were completed across two facilities. At the Three Mile Hill plant near Coolgardie, 33,529 dry metric tonnes of ore were processed, producing 1,792 ounces of gold with a recovery rate of 90.7%, generating sales of around AU$12.73 million.
At the Lakewood processing facility, 95,256 dry metric tonnes of ore were treated, recovering 3,475.9 ounces of gold with metallurgical recoveries of 88.0%, resulting in sales of approximately AU$25.24 million.
The company expects a significant initial cash distribution from its joint venture partner during March 2026 once operational cost reconciliation is finalised. Following the receipt of funds, GIB plans to commence drilling at several prospective gold targets within the Edjudina project area while also evaluating additional acquisition opportunities in the Western Australian gold sector.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au