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Great Southern Mining Limited (ASX:GSN)

ALERT: Price-sensitive ASX Announcement for GSN
Current share price for GSN : $0.021 -0.009 (-30%)+
Announcement
Release
29 Oct 2025 9:39AM
Price at Release
$0.030
Full Release
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Summary
Great Southern Mining Limited (GSN) has released its quarterly activities and cash flow report for the period ending September 2025. The report highlights the company's operational activities, including the completion of an 8,057m aircore drilling program at the Amy Clarke prospect and the commencement of RC drilling at the Golden Boulder Prospect. A significant financial highlight is the divestment of the Southern Star ML, which resulted in a cash inflow of A$4 million. The company's cash balance at the end of the quarter was A$4.546 million, reflecting a net cash inflow primarily due to investment activities. The report also notes strategic collaborations with Regis Resources, including a data-sharing agreement aimed at accelerating discoveries in the Duketon Greenstone Belt. There were no significant financing activities for the quarter, and GSN maintains a strong cash position to support future exploration endeavors.
Key Points
  • Completion of 8,057m aircore drilling at Amy Clarke prospect.
  • Commencement of RC drilling at Golden Boulder Prospect.
  • Cash inflow of A$4 million from the divestment of Southern Star ML.
  • End of quarter cash balance of A$4.546 million.
  • Strategic data-sharing agreement with Regis Resources.
  • Strong cash position for future exploration activities.
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.