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Great Divide Mining Ltd (ASX:GDM)

ALERT: Price-sensitive ASX Announcement for GDM
Current share price for GDM : $0.340 0 (0%)+
Announcement
Release
15 Dec 2025 9:50AM
Price at Release
$0.340
Full Release
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Summary
Great Divide Mining Ltd, in partnership with Dart Mining NL, has announced the highest gold grades ever recorded at the Banshee Antimony Mine, part of the Coonambula Antimony-Gold Project in Central Queensland. This development comes as part of an ongoing drilling program aimed at establishing a JORC-compliant resource. The standout result includes a gold assay of 0.5m at 18.30 g/t Au, the highest to date. Under the joint venture, Dart Mining is executing the exploration strategy, which includes achieving certain drilling milestones. The project is strategically located near notable gold mining areas, enhancing its potential for significant gold and antimony extraction.
Key Points
  • Great Divide Mining and Dart Mining NL reported the highest gold grades ever recorded at the Banshee Antimony Mine within the Coonambula Antimony-Gold Project.
  • The significant gold and antimony mineralisation was identified during a drilling program at the Banshee Antimony Mine.
  • Key drill results include 0.5m at 18.30 g/t Au, marking the highest recorded gold assay from the site.
  • The project is a joint venture between Great Divide Mining and Dart Mining, with Dart Mining managing the exploration under a farm-in agreement.
  • Drilling results suggest a promising mineralisation potential with broader gold zones containing antimony.
  • The project aims to develop a JORC-compliant Antimony-Gold Resource, with further exploration planned.
  • The Banshee Antimony Mine is located in Central Queensland, close to other significant gold mining areas.
  • The drilling program is part of efforts to confirm the scale and quality of the gold and antimony system at Coonambula.
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.