Mt Magnet South Project

In March 2022 Musgrave Exploration Pty Ltd, a wholly owned subsidiary of Musgrave Minerals Ltd, entered into a Sale and Purchase Agreement to acquire 100% of the Mt Magnet South Project. The Project is located within trucking distance of the Company’s Cue Gold Project (Figure 1) in Western Australia’s Murchison goldfields and just 5km south of the township of Mt Magnet.

The Mt Magnet South Project comprises a group of 19 semi-contiguous prospecting and exploration licences covering an area of approximately 294km2 almost doubling Musgrave’s landholding in the Murchison.  The Project is an early stage, under-explored greenfield opportunity, in a good location with excellent nearby infrastructure.

The project provides an additional opportunity for Musgrave to apply the significant exploration learnings from its discovery success 40km to the north at the Cue Project and make further discoveries in the Murchison. Future discoveries have the potential to add to the Company’s growing resource base in the region thus enhancing the value of the Cue Gold Project.

Figure 1: Mt Magnet South Project Location