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Musgrave Minerals welcomes new development GM as it looks to accelerate Cue gold strategy

Published: 08:56 21 Jun 2022 AEST

Musgrave Minerals Ltd - Musgrave Minerals welcomes new Development GM as it looks to accelerate gold strategy

Musgrave Minerals Ltd (ASX:MGV, OTC:MGVMF) has welcomed Anthony Buckingham to the team as general manager-development.

Buckingham will focus on development studies and defining an optimal development path for Musgrave’s 100%-owned Cue Gold Project in Western Australia’s Murchison district.

He will also be tasked with overseeing the progression of the project through to potential gold production.

Buckingham enters the company just as it has boosted its mineral resources by 41%, noting the Cue Project mineral resource estimate now stands at 12.3 million tonnes at 2.3 g/t gold for 927,000 ounces of contained gold.

Read: Musgrave Minerals boosts Cue mineral resource 41% to 927,000 gold ounces

He has come in to help Musgrave continue to grow the current resource base.

Accelerating strategy

Buckingham’s appointment will enable Musgrave to accelerate operations.

Musgrave’s managing director Rob Waugh said: “This is a significant appointment for Musgrave and facilitates a pathway to accelerate the company’s strategy of transitioning Musgrave from a successful exploration company to a successful gold producer.

“We are delighted to welcome Anthony to the Musgrave team. Anthony’s broad industry experience, development and operational expertise in gold, complements the existing Musgrave team and will enable Musgrave to follow the dual approach of exploration discovery-resource growth and development.

"Musgrave’s ability to attract such a well credentialled candidate is a testament to the quality of the Cue Gold Project.”

Buckingham’s strong industry record as a successful gold project developer and operator in the Western Australian goldfields aligns well with Musgrave’s objectives.

Prior to joining Musgrave, he held the roles of chief operating officer, corporate development manager and general manager over a multi-year period at Westgold Resources Ltd.

During this time he oversaw the refurbishment and restart of the Fortnum Gold Mine in 2016 - a similar scale and geographical footprint to that of MGV’s potential Cue Gold Project.

Buckingham has managed technical and operational teams and has overseen underground and open pit assets with similar geological styles to the Cue Gold Project.

Further roles include with Newmont Australia, AngloGold Ashanti (ASX:AGG), Alacer Gold Corp and Avoca Resources Ltd.

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