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Great Boulder Resources Limited (ASX:GBR)

ALERT: Price-sensitive ASX Announcement for GBR
Current share price for GBR : $0.063 -0.004 (-5.97%)+
Announcement
Release
16 Jul 2026 8:17AM
Price at Release
$0.067
Full Release
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Summary
Great Boulder Resources Limited (ASX: GBR) has announced a significant 40,000-meter drilling campaign at the Peak Hill Gold Project in Western Australia. This initiative is aimed at expanding and upgrading the current gold resource of 481,000 ounces. The drilling will target high-priority exploration sites including Golden Treasure, with results from previous drilling showing high-grade gold intersections. The company has a Peak Hill Mining Agreement with the Jidi Jidi Aboriginal Corporation and an Ore Purchase Agreement with Westgold, facilitating a cost-effective path to production. GBR plans to update the project's resources by the end of 2026, with additional drilling scheduled for the Side Well project. The company is also poised to initiate mining studies in early 2027.
Key Points
  • 40,000m drilling program underway at Peak Hill Gold Project.
  • Focus on high-priority targets like Golden Treasure.
  • Drilling to test and extend 481,000 oz resource.
  • Agreements in place for capital-light production pathway.
  • Resource updates and mining studies planned for 2027.
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.