Great Divide Mining today held its’ first Annual General Meeting reporting on its first full year of operating since listing on the ASX Aug 25th, 2023.
“If you’d like to form a view on GDM’s Year 1 performance you need look no-further than the numbers,” said CEO Justin Haines.
“When assessing any commercial venture, it’s always best to stick to the facts and stick to the numbers, and then form a view,” said Haines.
“Looking at GDM one can start with the share price, which has never been below its $0.20 cent listing price, as high as $0.34 and never lower than $0.22 in fact, so a 10% up-tick there and at time of writing $0.24 so a 20% upside in just a year,” said Haines.
“Looking at a selection of quotes from GDM’s ASX releases over the past 12 months, you’ll see statements like … additional 1.5 km2 of mining permitted … additional 68 km2 of exploration permitted … maiden drilling completed … 2070m … Gold (Au) Mineralisation along strike length to 80m depth .. initial JORC Mineral Resource Estimate 1.84Mt @ 0.86 g/t for 51,000 Oz.”
“You’ll read … acquired 2 addition tenements in historically mined area expanding potential strike length from 4.5 to 7.7km … 170m @ 3.3 g/t Gold(Au) …. hematite -quartz outcrops @ 4.4 g/t Gold …. 2014 drilling results 6m @ 5.1% Antimony (Sb) and 1.5 g/t Gold (Au) from 77m and 3m @ 9.2% Antimony(Sb) from 158m.”
“All solid numbers, and all achieved whilst maintaining a significant cash reserve, meaning the company has no immediate need or desire for an additional capital raise,” said Haines.
“It goes to build shareholder value,” said Haines, “and our remediation work at these historical sites means GDM is in tandem supporting the natural environment, whilst we continue to achieve the numbers.”
“Every historic working mine that GDM recommissions, is another piece of the environment we’ve protected,” he said.
Great Divide Mining (ASX:GDM)
GDM listed on the ASX on 25th August 2023. It operates four gold and base metal projects cross 12 granted Queensland tenements. It’s commercial model focusses on historically significant workings, leveraging brownfield permitting opportunities, utilising details of these workings, targeted in-fill drilling programs and the application of modern exploration and mining technologies. Recommissioning of previously mined sites delivers significant reduction in exploration risk and ensures the company minimises its environmental impacts.
Its core values are to responsibly transition exploration projects to positive cash flow in efficient time frames.
https://greatdividemining.com.au/
Contact
Justin Haines
CEO
e justin.haines@greatdividemining.com.au
m +61 (0)418 876 420
