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Great Northern Minerals Limited (ASX:GNM)

ALERT: Price-sensitive ASX Announcement for GNM
Current share price for GNM : $0.022 -0.015 (-40.54%)+
Announcement
Release
30 Jul 2026 4:55PM
Price at Release
$0.037
Full Release
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Summary
Great Northern Minerals Limited reported its activities for the quarter ending 30 June 2026. The company acquired and expanded the Iron Butte Project in Nevada, reporting a maiden Inferred Mineral Resource Estimate indicating substantial gold and silver deposits. At the Catalyst Ridge Project, geological mapping affirmed its potential for significant mineralization. GNM also completed a review of data at Douglas Creek to guide future exploration. Financially, GNM reported a cash balance of $3.75 million and an exploration expenditure of $217K. Preparations for upcoming drill campaigns, including permitting and target definition, are underway.
Key Points
  • GNM acquired the Iron Butte Project in Nevada, expanding its claims significantly.
  • A maiden Inferred Mineral Resource Estimate for Iron Butte was completed, showing significant gold and silver resources.
  • The Catalyst Ridge Project was detailed, highlighting its potential for gold mineralization.
  • A comprehensive review of geophysical and geochemical data at Douglas Creek was completed.
  • GNM held a cash balance of $3.75 million at the end of June 2026.
  • Exploration and evaluation expenditure for the quarter totaled $217K.
  • Significant progress was made on permitting and drill target definition for upcoming campaigns.
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.