Great Divide Mining Starts Mullock Processing to Boost Early Cash Flow at Challenger

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

Great Divide Mining has begun recovering and processing historic mullock material at its Challenger Gold Mine in Adelong, New South Wales, as part of recommissioning and ramp-up activities. The mullock, left over from earlier operations but now suitable for modern treatment, will be processed through the recently recommissioned Challenger plant, initially at about half its 25-tonne-per-hour nameplate capacity.

This strategy is designed to generate early, low-risk cash flow ahead of limited open cut mining that will in turn provide access to underground resources. Over time, the plant is expected to be fed by a blend of mullock, open pit and underground ore, supporting a staged production ramp-up and potential expansion as the company advances development and exploration across the Challenger site and the wider Adelong goldfield, a historically significant gold-producing district.

More about Great Divide Mining Ltd

Great Divide Mining Ltd is an Australian miner, explorer and developer focused on gold, antimony and critical metals, with five projects across 17 tenements. The company targets historically mined districts with existing infrastructure to quickly bring producing assets online and use early cash flow from initial projects to fund further exploration across its portfolio.

Average Trading Volume: 104,625

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$23.45M

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