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An announcement from Great Boulder Resources Ltd ( (AU:GBR) ) is now available.
Great Boulder Resources Limited has secured $12.5 million through a placement to institutional and sophisticated investors, positioning the company to accelerate its exploration programs at the Side Well Gold Project. This funding will enable Great Boulder to fast-track drilling activities and pursue its goals of defining one million ounces of gold and exploring early mining opportunities at Ironbark. The placement, supported by North American institutional investors, underscores confidence in the project’s potential and the company’s strategic direction.
More about Great Boulder Resources Ltd
Great Boulder Resources Limited is a mining company focused on the exploration and development of gold resources. The company is primarily engaged in aggressive exploration programs aimed at expanding its resource base, with a significant focus on its flagship Side Well Gold Project in Western Australia.
Average Trading Volume: 3,047,569
Technical Sentiment Signal: Buy
Current Market Cap: A$55.54M
See more insights into GBR stock on TipRanks’ Stock Analysis page.