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Gascoyne targets higher-grade ounces for WA gold hub

Gascoyne Resources has the balance sheet, production infrastructure and growth options to become a real turnaround story in Western Australia’s Murchison gold field post its exit from administrative care and reinstatement on the ASX, according to CEO Richard Hay. Most critically, it has a gold price that turns even 0.3gpt dirt into money.

Richard Roberts
Mining at the Gilbey's pit at Dalgaranga in Western Australia's Murchison district

Mining at the Gilbey's pit at Dalgaranga in Western Australia's Murchison district

Hay said this week the 0.3gpt cut-off grade used in Gascoyne's resetting of reserves at its main Dalgaranga ore source, underpinning a new mine plan released in July, had "quite a bit of margin" at a A$80/gram...

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