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Golden Deeps Limited (ASX:GED)

ALERT: Price-sensitive ASX Announcement for GED
Current share price for GED : $0.059 0.003 (5.36%)+
Announcement
Release
30 Oct 2025 8:13AM
Price at Release
$0.056
Full Release
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Summary
Golden Deeps Ltd's quarterly report highlights their exploration activities focused on the Central Otavi Project in Namibia. They completed the acquisition of an 80% interest in Metalex Mining which holds several prospecting licenses. Notable exploration results include high-grade copper, silver, zinc, and lead from the Graceland Prospect. The company reported cash and cash equivalents of AUD 2.331 million with an estimated 4.59 quarters of funding available. The cash flow report complies with ASX listing requirements and includes details of financial management and exploration expenses.
Key Points
  • Exploration activities focused on Central Otavi Project in Namibia.
  • Acquisition of 80% interest in Metalex Mining.
  • High-grade mineral results at Graceland Prospect.
  • Cash and cash equivalents at AUD 2.331 million.
  • Estimated 4.59 quarters of funding available.
  • Complies with ASX listing rules for reporting.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.