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Great Divide Mining Ltd (ASX:GDM)

ALERT: Price-sensitive ASX Announcement for GDM
Current share price for GDM : $0.330 -0.05 (-13.16%)+
Announcement
Release
21 Oct 2025 8:32AM
Price at Release
$0.380
Full Release
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Summary
Great Divide Mining Ltd (GDM) has announced a joint venture with Native Mineral Resources Holdings Limited (NMR) to process gold from the Yellow Jack site. The joint venture will involve GDM's subsidiary, GDM Yellow Jack Pty Ltd, mining and delivering gold ore to NMR's Blackjack Mill for processing and sales. The profits from the gold production will be equally shared between GDM and NMR after costs are covered. This joint venture marks a significant step in GDM's strategy to transition from exploration to becoming a cash-flow generating mining business.
Key Points
  • GDM's subsidiary, GDM Yellow Jack Pty Ltd, partners with NMR.
  • Joint venture to extract and process gold from Yellow Jack site.
  • Profits shared equally after cost recovery.
  • Strategic move for GDM to evolve into a cash-flow business.
  • Terms include mining delivery by GDM and processing by NMR.
  • GDM's Yellow Jack Project advances towards mining phase.
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.