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Great Southern Mining Limited (ASX:GSN)

ALERT: Price-sensitive ASX Announcement for GSN
Current share price for GSN : $0.021 -0.004 (-16%)+
Announcement
Release
21 Apr 2026 9:43AM
Price at Release
$0.025
Full Release
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Summary
Great Southern Mining Limited (GSN) reported significant progress in their exploration projects and corporate activities for the quarter ended 31 March 2026. Highlights included the commencement of deep diamond drilling at the Golden Boulder as part of the Duketon Gold Project in Western Australia, with promising gold assay results extending over a 3.5km strike. The company also completed a deep diamond hole at the Diorite Hill Layered Intrusive Complex targeting PGE-Nickel-Copper mineralization. Financially, GSN raised A$4.2 million through an equity placement and had A$5.6 million cash at the quarter's end. The Appendix 5B cash flow report showed net cash used in operating activities of A$295,000 and substantial investments in exploration and evaluation activities.
Key Points
  • Commencement of deep diamond drilling at Golden Boulder.
  • Assay results indicate a 3.5km strike of gold mineralization.
  • Completion of a deep diamond hole at the Diorite Hill targeting PGE-Nickel-Copper.
  • A$4.2 million raised through equity placement.
  • A$5.6 million cash on hand at quarter-end.
  • Net cash used in operating activities was A$295,000.
  • Significant exploration and evaluation investments.
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.