NOTE: RMS’s Mt Magnet gold mine has been producing over 6M oz gold since mining first began in 1891, it currently 140kt pa through its 1.7Mtpa mill. The mill will also process ores from Penny underground mine at Youanmi from 2023. ASX penny stocks GCY is another dominant gold player in the region, however, its Dalgaranga gold mine’s head grade is sub 1 g/t. Nevertheless, WGX might mount another scripted takeover bid once its own share price recovered.

On the other hand, ASX penny stocks ARN and  KTA  have been trying to search critical metals without any success.