Gibb River Diamonds Limited announced the successful completion of a heritage survey over the proposed open pit mining area at the Neta Prospect, part of its Edjudina Gold Project in Western Australia. The survey, conducted in accordance with the heritage protocols established in the Mining Benefits Agreement with the Wangkatja Tjungula Aboriginal Corporation, revealed no issues that would impact mining activities. In a show of community collaboration, the company extended its thanks to the members of the Nyalp a Pirniku People for their essential support throughout the survey process. The announcement further highlights that the survey also covered heritage clearances for prospecting exploration drilling over areas adjacent to the Neta deposit, which hosts promising gold targets. Gibb River Diamonds Limited emphasized that the mining development at Neta will be undertaken by private contractor BML Ventures Pty Ltd, who will manage all mining-related capital expenditures and work under an arrangement where net surplus cash—after covering project costs—is shared equally between the two parties. This structure ensures that Gibb River Diamonds is not taking on direct capital costs, with all production set to be sold into the spot gold market and no forward sales locked in. The Edjudina Gold Project, located in the heart of the Eastern Goldfields and just 145 kilometers northeast of Kalgoorlie, already holds an Indicated and Inferred JORC Resource of approximately 24,000 ounces of gold from 378,000 tonnes at an average grade of 1.9 g/t, including an Indicated Resource of 8,000 ounces from 110,000 tonnes at 2.2 g/t. With permitting applications currently pending from the West Australian Mines Department and final ore processing arrangements soon to be announced, the project is moving steadily toward commercial production. The announcement underscores significant progress, building on previous milestones such as the grant of the mining licence and prior infrastructure developments. The recent news brings a bullish outlook for the project from a trading perspective. The clearance from the heritage survey removes a potential hurdle, while the financing model minimizes Gibb River Diamonds Limited’s risk by transferring capital costs to the mining contractor. These factors, coupled with attractive resource figures and the flexibility of selling production in the spot gold market, position the project as a promising development for investors. On the bearish side, some caution is warranted as several key steps remain unresolved, including final permitting and processing arrangements, which could pose short-term delays or operational uncertainties. Overall, the progress displayed in the survey and the project's structured financing model suggest positive momentum balanced by traditional mining project risks.