Great Divide Mining Ltd (ASX:GDM) achieved a major milestone on Wednesday 16 July with the successful pouring of first gold at the recommissioned Challenger Mine in Adelong, NSW.
Attended by Directors from both GDM and Adelong Gold Ltd (ASX:ADG) together with local Snowy Valleys Councillor James Hayes, the historic event was televised on the Nine Network’s WIN Evening News with media from the Tumut & Adelong Times also in attendance.
This gold pour also confirmed the mine’s environmentally responsible processing pathway, with gold recovered using gravity separation and recycled water – avoiding the use of cyanide and minimising environmental impact.
The following morning, Directors from both companies had already convened first round meetings to discuss and plan the mine’s future, including its expansion, the potential to commence both open cut and underground mining operations in the next 6-12 months and of expanded processing capacity with a view to extending the mine life up to a potential 40-years. The forward-focused discussions signalled a shared commitment by both companies’ Boards to long-term investment and regional benefit.
“There are a lot of very skilled people in the district, so it’s good to be able to draw on them,” said Cr. James Hayes.
“We look forward to a long and bright future for the Challenger Mine and the Adelong township,” said Justin Haines, CEO of Great Divide Mining.
For further information:
Justin Haines, CEO
e justin.haines@greatdividemining.com.au
m +61 (0)418 876 420
Great Divide Mining Ltd (ASX: GDM)
Great Divide Mining is an Australian Gold, Antimony and critical metals miner, explorer and developer with five projects across 17 tenements (including two in application). GDM’s focus is on operating producing assets within areas of historical mining and past exploration with nearby infrastructure, thus enabling rapid development. Through a staged exploration and development programme, GDM intends to generate cash flow from its initial projects to support further exploration across its portfolio of highly prospective tenements.
https://greatdividemining.com.au/
