Musgrave is advancing multiple prospects within its projects toward production, maintaining a healthy cash balance sheet as it pursues an updated resource estimate at the Cue Gold Project.

The gold explorer unearthed a bonanza 28-metre, 35.9 g/t gold intersection that included 1-metre at 898 g/t.

Aircore results have extended the large regolith gold mineralisation to over 1.6 kilometres and are centred 700 metres south of recent diamond drilling.