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Great Boulder Resources Ltd ( (AU:GBR) ) has shared an update.
Great Boulder Resources Ltd has announced plans to establish a new multi-million-ounce gold hub at the Side Well Gold Project in Western Australia. The project targets a resource of 1.5 million ounces, significantly expanding from its current mineral resource estimate of 668,000 ounces at a grade of 2.8 grams per tonne. Located less than 25 kilometers from Westgold’s Bluebird mill, the project benefits from proximity to existing processing facilities, which could enhance its operational efficiency. This initiative could position the company as a key player in unlocking a large-scale hydrothermal gold camp in a largely unexplored area, potentially offering significant opportunities for stakeholders.
More about Great Boulder Resources Ltd
Great Boulder Resources Ltd operates in the mining industry, focusing on the exploration and development of gold resources in Western Australia. The company aims to leverage its strategic location near existing milling infrastructure to maximize its mining operations.
YTD Price Performance: 27.91%
Average Trading Volume: 1,137,884
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$41.75M
Learn more about GBR stock on TipRanks’ Stock Analysis page.
