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Great Divide Mining Ltd ( (AU:GDM) ) has shared an update.
Great Divide Mining Ltd announced significant surface sampling results from the Coonambula Antimony-Gold Project, conducted by its joint venture partner Dart Mining NL. The samples from the historic Banshee Mine area revealed high grades of antimony, gold, and silver, enhancing confidence in the project’s potential. Dart Mining has begun drilling to advance towards a JORC-compliant resource, with the potential to earn a 51% interest in the project by meeting specific milestones. This development strengthens GDM’s exploration model and positions the company for accelerated drilling and potential resource expansion.
More about Great Divide Mining Ltd
Great Divide Mining Ltd (ASX: GDM) is a mining company focused on gold, antimony, and critical metals. It operates five projects across 17 tenements, including two pending applications. The company emphasizes developing assets in historically mined areas with existing infrastructure to facilitate rapid development. Through a staged exploration and development program, GDM aims to generate cash flow from initial projects to support further exploration.
Average Trading Volume: 37,719
Technical Sentiment Signal: Sell
See more insights into GDM stock on TipRanks’ Stock Analysis page.