High-grade gold ore discovered in MUI-linked Aussie mine

The group’s executive chairman and CEO, Andrew Khoo(pic) said the investment into the gold mining business could potentially become a significant contributor to the group - depending on the results of further exploration in the area.

KUALA LUMPUR: The Australian gold exploration company in which MUI Properties Bhd is taking a 40.7% stake, has found “high-grade gold mineralisation” at a site in Western Australia.

Nex Metals Exploration Ltd, which is listed on the Australian Securities Exchange, recently announced the findings of the 10 drill holes in the Kookynie mining site.