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Great Boulder Resources Ltd ( (AU:GBR) ) has shared an update.
Great Boulder Resources Ltd has announced an accelerated drilling program at its Side Well Gold Project, aiming to expedite resource definition and discovery drilling. With the addition of a second drill rig, the company plans to focus on both resource updates and exploring new gold targets, with a third rig scheduled for diamond drilling later in the year. This initiative is part of Great Boulder’s strategy to achieve significant growth beyond its current million-ounce exploration target, supported by a strong cash position of approximately $15 million.
More about Great Boulder Resources Ltd
Great Boulder Resources Ltd is a company operating in the mining industry, primarily focused on gold exploration and development. The company’s flagship project is the Side Well Gold Project located near Meekatharra in Western Australia, which hosts a significant mineral resource. Great Boulder is actively engaged in expanding its resource base and exploring new gold targets to enhance its market position.
Average Trading Volume: 2,939,274
Technical Sentiment Signal: Sell
Current Market Cap: A$54.13M
See more data about GBR stock on TipRanks’ Stock Analysis page.