Million-ounce resources aren’t big enough for these gold-hungry explorers

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These ASX explorers have already joined the 1 million ounce club but are turning to the drill bit in search ... Read More The post Million-ounce resources aren’t big enough for…

Several ASX goldies have recently joined the 1Moz club but are hungry for more. Pic: Getty Images

Joining the one-million-ounce resource club is considered a major milestone for gold explorers.

It can take years to build a resource of that scale, with several drilling campaigns often needed to cross the threshold.

But the 1Moz mark is rarely the end of the story for those that reach such heights.

Each company takes a different approach to advancing its assets, depending on the project’s scale, economics and development pathways.

Some pursue a staged production strategy, targeting early cashflow while continuing the hunt for more ounces.

Others seek to define a larger resource before committing to development.

Regardless of the approach, growing a resource inventory remains an integral part of a gold project’s journey.

Below are ASX goldies that have joined the 1Moz club but continue to pepper their projects with the drill bit.

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