🟡 MGX Acquires Stake in High-Grade NT Gold Project
MGX Resources has completed the acquisition of a 50% interest in one of Australia’s highest-grade undeveloped gold projects — the Central Tanami Gold Project in the Northern Territory. The move positions MGX to advance development in a prolific gold region.
Key Highlights
Project size: 2,100 km² tenements in a historically gold-rich area
Deal value: ~AU$50 million from Northern Star Resources
Regulatory: FIRB approval secured for acquisition
Infrastructure: Includes processing facilities, roads, and camp accommodations
Next steps: MGX plans exploration, development planning, and permits toward production
Expert Insight
High-grade undeveloped assets like Tanami attract strong investor interest, especially amid gold market strength and rising demand for secure, high-yield resources.
#MiningNews #MGXResources #TanamiProject #NorthernTerritory #InvestorAlert $XAG $XAU $PAXG
