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An announcement from Great Divide Mining Ltd ( (AU:GDM) ) is now available.
Great Divide Mining Ltd will use existing mullock heaps around its Adelong Project as initial feedstock to complete commissioning of the Challenger Gold Plant, providing a low-cost, low-risk source of material that requires no new drilling or conventional mining development. The company plans a “process-all” strategy across four priority mullock sites, beginning with the nearby Currajong stockpile, and will monitor economics and metallurgical recoveries as it ramps up to commercial operations.
A local contractor, L.A. Broome Contracting, has been appointed to transport mullock to the run-of-mine pad, with mobilisation expected in two to three weeks to secure reliable plant feed during the commissioning phase. By leveraging pre-mined surface material and local contractors, GDM aims to fast-track production at Challenger, accelerating its transition to revenue generation from gold concentrates and potential quarry by-products while strengthening its operational footprint in the Adelong region.
More about Great Divide Mining Ltd
Great Divide Mining Ltd is an Australian miner, explorer and producer focused on gold, copper, antimony and other metals, with its key asset being the wholly owned Challenger Gold Mine in the Adelong Project in southern New South Wales. The project includes a modern gold processing plant built in 2016/17 that GDM has renovated and upgraded to meet current social, environmental and commercial production standards, positioning the company for near-term cash flow from a high-grade, underexplored goldfield.
Average Trading Volume: 83,832
Technical Sentiment Signal: Buy
Current Market Cap: A$28.2M
Learn more about GDM stock on TipRanks’ Stock Analysis page.