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Great Western accelerates Nevada tungsten push toward maiden resource

Story Highlights
  • Great Western Mining will launch a fully funded, expanded 2026 programme to define a maiden tungsten resource at its Defender project in Nevada.
  • The company plans mapping, geophysics and June drilling along a three‑kilometre trend to unlock district‑scale potential and support broader portfolio value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Great Western accelerates Nevada tungsten push toward maiden resource

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Great Western Mining ( (GB:GWMO) ) has provided an update.

Great Western Mining is intensifying work at its Defender-Pine Crow tungsten project in Mineral County, Nevada, aiming to convert recent encouraging assay results into a maiden mineral resource estimate by the fourth quarter of 2026. The programme, fully funded following a January capital raise, will test a three‑kilometre mineralised trend linking Defender to the existing M2 copper resource through mapping, geophysics and drilling.

Fieldwork begins in March with detailed geological and geophysical surveys, followed by drill‑pad construction in April and the start of drilling targeted for June 2026. Management views Defender as a potential large‑scale tungsten discovery in an underexplored polymetallic district, and plans to use the resource definition and upcoming assay results as value catalysts for the wider portfolio while engaging investors through an updated presentation and live briefing.

The most recent analyst rating on (GB:GWMO) stock is a Hold with a £1.50 price target. To see the full list of analyst forecasts on Great Western Mining stock, see the GB:GWMO Stock Forecast page.

Spark’s Take on GB:GWMO Stock

According to Spark, TipRanks’ AI Analyst, GB:GWMO is a Neutral.

The score is primarily held down by weak financial performance—no revenue, recurring losses, and consistent cash burn—despite low reported leverage. Technicals are comparatively supportive with the price trading above major moving averages and moderately positive momentum, but valuation is constrained by a negative P/E and no dividend yield data.

To see Spark’s full report on GB:GWMO stock, click here.

More about Great Western Mining

Great Western Mining Corporation is a diversified exploration and development company focused on strategic minerals across several wholly owned claim groups in Mineral County, Nevada. Its portfolio spans copper, gold, silver and early-stage tungsten assets, including the flagship Huntoon Copper Project and projects aligned with U.S. critical minerals priorities.

Average Trading Volume: 9,787,152

Technical Sentiment Signal: Sell

Current Market Cap: £6.51M

For detailed information about GWMO stock, go to TipRanks’ Stock Analysis page.

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