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Great Divide Mining Ltd (ASX:GDM)

ALERT: Price-sensitive ASX Announcement for GDM
Current share price for GDM : $0.335 -0.085 (-20.24%)+
Announcement
Release
19 Feb 2026 11:09AM
Price at Release
$0.420
Full Release
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Summary
Great Divide Mining Ltd, in collaboration with Dart Mining NL, is advancing a drilling program at the historic Banshee Antimony Mine within the Coonambula Project in Central Queensland. This initiative has produced record high assay results for gold, silver, and antimony, highlighting the potential of the site. The mineralization remains open for further exploration along strike and at depth, supporting resource growth. The project aims to establish a JORC-compliant Antimony-Gold Resource, with Dart Mining having completed significant diamond drilling to date. The project's geological characteristics are comparable to other notable antimony-gold systems in Australia, and it remains a high priority for future exploration efforts.
Key Points
  • Great Divide Mining Ltd and Dart Mining NL are conducting a joint drilling program at the Coonambula Project.
  • The project focuses on the historic Banshee Antimony Mine in Central Queensland.
  • The drill results have shown record high grades of gold, silver, and antimony.
  • Mineralization remains open along strike and at depth, indicating potential for resource growth.
  • Dart Mining has completed 2,594 meters of diamond drilling.
  • The project aims to establish a JORC-compliant Antimony-Gold Resource.
  • The Banshee system is characterized by antimony-gold mineralization similar to other known deposits in Australia.
  • The Coonambula Project's drilling program is targeting a maiden Mineral Resource Estimate.
  • The area between Banshee and Lady Mary is a high priority target for exploration.
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.