Golden Globe Resources Hits ASX With Fully Funded Drilling Push at Dooloo Creek

Reckon Health Care Holdings Ltd ( (AU:GGR) ) has provided an update.

Golden Globe Resources reported a milestone December quarter marked by the successful completion of its oversubscribed Initial Public Offering, raising A$8.5 million and securing admission to the ASX, which transitions the group into a fully funded, publicly listed explorer. The fresh capital is being deployed immediately into an approximately 4,000-metre first-phase drilling campaign at its flagship Dooloo Creek gold-copper project in Queensland, where a multi-purpose rig has been mobilised and diamond drilling has commenced at the largely untested Northern Gold Prospect, guided by a new geological model built on high-grade historic assays and extensive prior datasets; the program aims to unlock new discoveries and test extensions to historic intercepts, while laying the groundwork for upcoming exploration at the highly prospective Neila Creek project in New South Wales, potentially enhancing the company’s growth prospects and positioning in the Australian copper-gold exploration sector.

The most recent analyst rating on (AU:GGR) stock is a Hold with a A$0.20 price target. To see the full list of analyst forecasts on Reckon Health Care Holdings Ltd stock, see the AU:GGR Stock Forecast page.

More about Reckon Health Care Holdings Ltd

Golden Globe Resources Ltd is an Australian mineral exploration company focused on copper-gold assets, with a portfolio centred on the Dooloo Creek project in southeast Queensland and the Neila Creek project in New South Wales’ Lachlan Fold Belt. Its flagship Dooloo Creek tenement spans about 78km² in the New England Orogen and targets gold-copper mineralisation using a substantial historical exploration database and updated geological and targeting models.

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