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The latest announcement is out from Great Western Mining ( (GB:GWMO) ).
Great Western Mining has secured Major Drilling America to carry out a reverse circulation drilling campaign at its 100%-owned Defender-Pine Crow tungsten project in Mineral County, Nevada. The move underpins the company’s strategy of building a tungsten resource base alongside its existing copper, gold and silver interests.
The planned 7,000 ft drilling programme, due to start in July after groundworks in May, is aimed at supporting a maiden mineral resource estimate for Defender-Pine Crow targeted for late 2026. The work will also test the scale and continuity of mineralisation between Defender, Pine Crow and the nearby M2 trend, potentially enhancing the project’s strategic significance for stakeholders if a sizeable tungsten system is confirmed.
Management highlighted that drilling is part of a broader suite of workstreams, including detailed geological mapping, geophysical surveys and further channel sampling. These parallel efforts are intended to refine the exploration model for the wider mineralised trend and may help position Great Western more competitively within the critical minerals segment as the tungsten discovery evolves.
Spark’s Take on GWMO Stock
According to Spark, TipRanks’ AI Analyst, 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 GWMO stock, click here.
More about Great Western Mining
Great Western Mining Corporation is an exploration and development company focused on strategic minerals across several 100%-owned claim groups in Mineral County, Nevada, a mining-friendly U.S. jurisdiction. The group is increasingly prioritising tungsten as a critical mineral while advancing its Huntoon copper project and retaining exposure to gold and silver through exploration and tailings reprocessing opportunities.
Average Trading Volume: 12,729,675
Technical Sentiment Signal: Sell
Current Market Cap: £11.94M
For detailed information about GWMO stock, go to TipRanks’ Stock Analysis page.