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Great Boulder Resources Ltd ( (AU:GBR) ) has issued an announcement.
Great Boulder Resources Ltd has released its quarterly report highlighting continued successful exploration at its Side Well Gold Project. The company achieved notable drilling results at Mulga Bill and Saltbush, confirming high-grade gold mineralization and a new zone of gold discovery. Additionally, it announced the divestment of the Whiteheads project to Great Western Gold Pty Ltd, contingent on their ASX listing. Great Boulder is progressing towards expanding its resource base, aiming for one million ounces in the short term and further developing its mining strategy with local stakeholders. The company ended the quarter with a cash balance of $5.28 million.
More about Great Boulder Resources Ltd
Great Boulder Resources Ltd is an exploration company focused primarily on gold and base metal projects in Western Australia. The company operates several key projects, including Side Well for gold and Wellington for zinc and lead, with an aim to expand its mineral resource base.
YTD Price Performance: 20.0%
Average Trading Volume: 1,290,036
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$36.44M
For detailed information about GBR stock, go to TipRanks’ Stock Analysis page.
