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The latest update is out from Great Western Exploration Limited ( (AU:GTE) ).
Great Western Exploration has completed diamond drilling at the Oval Copper-Gold Target within its Yerrida North Project in Western Australia, intersecting the targeted window between 650 and 750 metres and validating its geological model for a VHMS-style environment. While trace sulphides, including chalcopyrite, were observed and are not expected to yield significant copper, the company will assess the potential for gold mineralisation once assays are returned in June or July 2026.
The Oval hole forms part of an aggressive program to test nine copper-gold targets between April and September 2026, with drilling at the Diorama Copper-Gold Target scheduled to start in June, followed by six targets at the Juggernaut Project and then the Baroo prospect. Concurrently, Great Western plans to advance several regional copper-gold targets in the Yerrida Basin to drill-ready status, supported by a $4.3 million cash balance at the end of March 2026, underscoring the company’s strong financial footing for sustained exploration.
More about Great Western Exploration Limited
Great Western Exploration Limited is an Australian mineral exploration company focused on copper and gold targets in Western Australia. The company’s key projects include the Yerrida North Project, located near the DeGrussa and Monty VHMS copper-gold deposits, as well as the nearby Juggernaut and Baroo copper-gold prospects, where it is pursuing an aggressive drilling-led growth strategy.
Average Trading Volume: 1,099,665
Technical Sentiment Signal: Sell
Current Market Cap: A$14.77M
For a thorough assessment of GTE stock, go to TipRanks’ Stock Analysis page.