Great Western Mining (GB:GWMO) has released an update.
Great Western Mining Corporation PLC reported a loss of €952,654 for the year ending December 31, 2023, with net assets totaling €8.8 million and cash reserves of €0.10 million. The company, still in the exploration phase with no revenues, highlighted significant progress in its mining projects, including the construction of a mill, discovery of a copper porphyry, and anomalous gold and silver samples in Nevada. Great Western also raised £1.3 million through share placements and signed agreements to accelerate exploration and potential production, with a focus on copper and gold prospects and a transition into production once permits are obtained.
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