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Great Boulder Resources Limited (ASX:GBR)

ALERT: Price-sensitive ASX Announcement for GBR
Current share price for GBR : $0.090 0.03 (50%)+
Announcement
Release
31 Jul 2026 8:18AM
Price at Release
$0.060
Full Release
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Summary
The Quarterly Activities Report for Great Boulder Resources Limited, dated July 31, 2026, outlines significant progress in their exploration and development activities across their gold projects in Western Australia, specifically the Peak Hill and Side Well Gold Projects. At Peak Hill, GBR completed its acquisition, bolstering its resources to 9.4 million tonnes at 1.6g/t Au for 481,000 ounces, and initiated a substantial 40,000-meter drilling program to further enhance and update its mineral resource estimate by year-end. At Side Well, GBR aims to increase its resource inventory beyond 1.5 million ounces, with ongoing exploration activities demonstrating encouraging results. Financially, the company has seen a net increase in cash and cash equivalents, driven by proceeds from equity issues and cautious investment in exploration and development initiatives.
Key Points
  • Acquisition of Peak Hill gold project completed.
  • Resource inventory at Peak Hill is 9.4Mt @ 1.6g/t Au for 481,000 ounces.
  • 40,000-meter drilling program at Peak Hill commenced in July 2026.
  • Target to increase Side Well resources to over 1.5Moz.
  • Ongoing exploration at Side Well showing strong results.
  • Financially, GBR increased cash reserves to $18.283 million.
  • Proceeds from equity issues amounted to $40 million.
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.