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Great Divide Mining Ltd ( (AU:GDM) ) has issued an update.
Great Divide Mining Ltd has completed its due diligence on the Adelong Gold Project, paving the way for binding agreements with Adelong Gold Ltd. This will allow GDM to acquire a 15% holding in Challenger Mines Pty Ltd and become the operator of the Adelong Gold Mine. The company aims to swiftly move the mine to production, highlighting its proactive approach by having senior personnel on site. The completion of this due diligence marks a significant step in GDM’s strategy to expand its mining operations and generate cash flow, with support from its shareholders and cooperation from Adelong Gold Ltd.
More about Great Divide Mining Ltd
Great Divide Mining Ltd (ASX: GDM) is a gold, antimony, and critical metals explorer and developer based in Queensland, Australia. The company operates four projects across twelve tenements and focuses on developing assets in historically mined areas with existing infrastructure to enable rapid development. GDM plans to generate cash flow from its initial projects to support further exploration across its portfolio.
YTD Price Performance: 21.74%
Average Trading Volume: 71,393
Technical Sentiment Consensus Rating: Strong Sell
Learn more about GDM stock on TipRanks’ Stock Analysis page.
