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Great Boulder Resources Ltd ( (AU:GBR) ) has provided an update.
Great Boulder Resources has reported new high-grade drilling results that extend known gold mineralisation well below the existing 1Moz resource at its Side Well project in Western Australia. The latest diamond holes at the Ironbark deposit delivered the deepest high-grade intersection yet, indicating that the current 122,000oz resource there may continue at depth and potentially support future open pit mine planning.
These results build on a recent spectacular coarse gold intersection at Mulga Bill around 430m below surface, reinforcing the continuity and growth potential of the broader Mulga Bill–Eaglehawk system. Additional strong air-core hits north of the Flagpole resource further highlight scope for resource expansion along the 6km Central Corridor, underpinning Great Boulder’s strategy of rapid resource growth with three rigs active and a solid cash position to fund ongoing drilling.
The most recent analyst rating on (AU:GBR) stock is a Hold with a A$0.09 price target. To see the full list of analyst forecasts on Great Boulder Resources Ltd stock, see the AU:GBR Stock Forecast page.
More about Great Boulder Resources Ltd
Great Boulder Resources Ltd is an Australian gold exploration company focused on advancing its flagship Side Well Gold Project near Meekatharra in Western Australia. The project hosts a 1Moz gold resource across deposits including Mulga Bill, Eaglehawk, Ironbark and Flagpole, positioning the company within a significant intrusive-related gold system serviced by existing regional processing infrastructure.
Average Trading Volume: 5,541,138
Technical Sentiment Signal: Buy
Current Market Cap: A$98.62M
For a thorough assessment of GBR stock, go to TipRanks’ Stock Analysis page.