https://www.engineeringnews.co.za
Copper|Exploration|Gold|PROJECT|Resources|Drilling
Copper|Exploration|Gold|PROJECT|Resources|Drilling
copper|exploration|gold|project|resources|drilling

Great Southern to raise cash for Duketon project

10th April 2024

By: Creamer Media Reporter

     

Font size: - +

Exploration company Great Southern has announced a placement to raise A$1.24-million to grow its Western Australian gold resource base and test several advanced targets in the Duketon Belt.

In addition, certain directors have committed to participate in the placement to the value of A$562 000 at the same price as the placement shares.

“With the backdrop of a rising gold price, it is an exciting time to be embarking on gold exploration in tier-one jurisdictions such as Western Australia and Queensland. The company’s key objective for the coming 12 months is to translate gold discoveries at its 100%-owned Duketon gold project into economic mineral resources,” said MD Matthew Keane.

Global gold miner Gold Fields is also about to start drilling at Great Southern’s Edinburgh Park, in northern Queensland.

Gold Fields can earn up to 75% in the project by spending A$15-million over six years.

The Edinburgh project is prospective for large-scale epithermal and porphyry gold/copper/silver mineralisation.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 24 May 2024
Magazine round up | 24 May 2024
24th May 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.394 0.455s - 160pq - 2rq
Subscribe Now