tiprankstipranks
Advertisement
Advertisement

Great Western launches aggressive drilling at Oval copper-gold target in WA

Story Highlights
  • Great Western has begun a 750m diamond drill hole at its Oval Copper-Gold Target in WA’s Yerrida North Project to test a strong gravity anomaly aligned with a modelled VHMS horizon near the DeGrussa and Monty deposits.
  • The Oval program initiates a six-month campaign to drill nine copper-gold targets across multiple projects in the Yerrida Basin, with $4.3 million in cash supporting an expanded exploration push that could strengthen the company’s pipeline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Great Western launches aggressive drilling at Oval copper-gold target in WA

Claim 55% Off TipRanks

Great Western Exploration Limited ( (AU:GTE) ) has shared an announcement.

Great Western Exploration has commenced diamond drilling at its Oval Copper-Gold Target in the Yerrida North Project, testing a strong gravity anomaly coincident with a modelled Volcanic Hosted Massive Sulphide horizon interpreted as the core of a potentially large copper-gold system. Located near Sandfire Resources’ DeGrussa and Monty deposits, the 750m hole follows earlier pathfinder assays that showed a robust VHMS signature, reinforcing the geological analogy to nearby high-grade operations.

The Oval program marks the start of an aggressive six-month campaign in which Great Western plans to drill nine copper-gold targets across Oval, Diorama, the Juggernaut Project and Baroo, while also advancing additional regional prospects in the Yerrida Basin toward drill-ready status. Backed by a $4.3 million cash balance at the end of March 2026, the company is stepping up its exploration effort in a proven VHMS district, potentially enhancing its resource pipeline and strategic position in the WA copper-gold sector if the targets yield significant mineralisation.

More about Great Western Exploration Limited

Great Western Exploration Limited is an Australian mineral exploration company focused on discovering copper and gold deposits in Western Australia. The company’s key projects include the Yerrida North and Juggernaut projects, where it targets Volcanic Hosted Massive Sulphide style mineralisation similar to the region’s established DeGrussa copper‑gold camp.

Average Trading Volume: 1,360,453

Technical Sentiment Signal: Sell

Current Market Cap: A$13.22M

See more data about GTE stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1