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Golden Deeps Limited (ASX:GED)

ALERT: Price-sensitive ASX Announcement for GED
Current share price for GED : $0.045 -0.004 (-8.16%)+
Announcement
Release
5 May 2026 8:14AM
Price at Release
$0.049
Full Release
download
Summary
The document is a presentation by Golden Deeps Limited on their critical metals exploration projects in the Otavi Copper Belt, Namibia. It highlights the discovery of high-grade copper, silver, and germanium mineralization at the Graceland prospect. The report details significant drilling results, including high concentrations of copper, silver, germanium, and antimony from various zones such as Gossan 1 and Gossan 1 East. Moreover, it outlines new mineral resource estimates for different sites within the Otavi Belt, including Khusib Springs, Abenab, and Nosib deposits, emphasizing potential for significant resource growth. It also features the company's strategic focus on expanding exploration activities, including further drilling and metallurgical testing to enhance resource recovery. Financial details are provided, including a cash backing of $4.6 million and a market capitalization of $11.4 million.
Key Points
  • High-grade copper, silver, and germanium discovered at Graceland prospect.
  • Significant drilling results from Gossan 1 and Gossan 1 East zones.
  • New mineral resource estimates for Khusib Springs, Abenab, and Nosib deposits.
  • Strategic expansion in exploration activities in Otavi Copper Belt.
  • Cash backing of $4.6 million, market capitalization of $11.4 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.