tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Great Divide Mining Ltd Advances Coonambula Project with New Drilling

Story Highlights
Great Divide Mining Ltd Advances Coonambula Project with New Drilling

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Great Divide Mining Ltd ( (AU:GDM) ) has shared an update.

Great Divide Mining Ltd has announced the commencement of drilling at the Coonambula Antimony-Gold Project, with Dart Mining NL beginning exploration at the Banshee Prospect. The initial drilling has shown promising results with significant stibnite mineralization, and further assays are expected in early November. This development marks a significant step in advancing the project, with plans to complete 2,000 meters of drilling by the end of 2025, potentially enhancing the company’s position in the gold exploration sector.

More about Great Divide Mining Ltd

Great Divide Mining Ltd (ASX:GDM) is an emerging gold producer and exploration company focused on the Coonambula Antimony-Gold Project in Southeast Queensland. The company is engaged in a joint venture with Dart Mining NL, allowing Dart Mining to earn up to 51% equity in the project upon completing specific drilling and reporting milestones.

Average Trading Volume: 37,381

Technical Sentiment Signal: Hold

See more data about GDM stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1