Great Western to Start Fully Funded Nine-Target Copper-Gold Drilling Push in WA

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

Great Western Exploration will launch an aggressive copper-gold drilling campaign in Western Australia, testing nine fully funded targets within its Yerrida Basin projects near Meekatharra. Backed by a recent $3.75 million capital raising and a cash balance of $4.3 million, the company is positioned to advance multiple prospects in a region known for significant VHMS copper-gold deposits.

Drilling is scheduled to begin in mid-April at the Oval target, interpreted as the potential core of a VHMS system analogous to Sandfire Resources’ DeGrussa deposit. Subsequent programs will test the Diorama, Juggernaut and Baroo copper-gold targets, while regional prospects are progressed to drill-ready status, potentially reshaping the company’s exploration pipeline and value outlook if successful.

The most recent analyst rating on (AU:GTE) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Great Western Exploration Limited stock, see the AU:GTE Stock Forecast page.

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 holds an extensive land position in the Yerrida Basin near Meekatharra, targeting volcanic-hosted massive sulphide style copper-gold systems similar to the nearby DeGrussa and Monty deposits.

Average Trading Volume: 1,263,574

Technical Sentiment Signal: Sell

Current Market Cap: A$13.97M

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