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An update from Great Divide Mining Ltd ( (AU:GDM) ) is now available.
Great Divide Mining’s subsidiary Challenger Mines has received an Australian Tax Office notice over discrepancies in Business Activity Statements lodged between July 2021 and June 2025, before Great Divide acquired its stake. The assessment has created a $1.17 million tax obligation linked to past GST refunds.
Great Divide is relying on a previously disclosed tax indemnity from Adelong Gold covering such legacy liabilities and has demanded that Adelong pay the full amount within seven days. The move aims to shield Great Divide’s balance sheet from pre-acquisition tax exposures at Challenger Mines and underscores the importance of indemnity arrangements in resource sector transactions.
More about Great Divide Mining Ltd
Great Divide Mining Ltd is an Australian gold, antimony and critical metals miner, explorer and developer with five projects across 17 tenements. The company focuses on operating producing assets in historically mined areas with existing infrastructure to accelerate development and generate cash flow to fund further exploration across its prospective portfolio.
Average Trading Volume: 107,950
Technical Sentiment Signal: Buy
Current Market Cap: A$25.31M
Find detailed analytics on GDM stock on TipRanks’ Stock Analysis page.