InvestSMART

Gateway Mining Limited (ASX:GML)

ALERT: Price-sensitive ASX Announcement for GML
Current share price for GML : $0.076 0.022 (40.74%)+
Announcement
Release
29 Jul 2026 8:36AM
Price at Release
$0.054
Full Release
download
Summary
Gateway Mining Limited has commenced additional reverse circulation (RC) drilling at the Cowza gold discovery within its Yandal Gold Project. A second RC rig is now operational, marking a significant step in their exploration efforts. Recent drilling activities have revealed continuous high-grade gold mineralisation over approximately 3.5 kilometres of strike, with potential for further expansion in multiple directions. The RC drilling aims to thoroughly investigate the mineralisation beneath extensive aircore gold deposits to evaluate the extent of the mineralisation in fresh rock. Gateway remains financially robust with $15.7 million in cash and $5.6 million in liquid ASX securities as of March 2026, supporting its exploration plans.
Key Points
  • Second RC rig commenced at Cowza gold discovery.
  • High-grade gold mineralisation confirmed over 3.5 km.
  • RC drilling to assess mineralisation scale in fresh rock.
  • Pending assay results from 1 km north of current footprint.
  • Gateway capitalised with $15.7m cash and $5.6m in liquid securities.
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.