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Great Southern Mining Limited (ASX:GSN)

ALERT: Price-sensitive ASX Announcement for GSN
Current share price for GSN : $0.023 0.001 (4.55%)+
Announcement
Release
9 Jul 2026 9:51AM
Price at Release
$0.022
Full Release
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Summary
Great Southern Mining Limited conducted significant drilling activities in Western Australia during the June quarter of 2026, focusing primarily on the Mon Ami Gold Project and the Golden Boulder area within the Duketon Gold Project. The company completed a major reverse circulation (RC) drilling program and a diamond drilling program, aiming to extend known gold mineralisation. Financially, GSN completed a successful equity placement raising A$4.6 million and reported a cash position of A$4.75 million at the end of the quarter, which provides approximately 3.88 quarters of funding. The company also accounted for exploration expenditures, including director-related staff costs.
Key Points
  • Major reverse circulation (RC) drilling program commenced at Mon Ami Gold Project.
  • Drilling aimed to extend gold mineralisation at Mon Ami and Golden Boulder discovery.
  • Diamond drilling completed in the Golden Boulder area with significant gold intercepts.
  • Directors and management contributed an additional A$0.4 million to a total A$4.6 million equity placement.
  • At the end of June 2026, GSN had A$4.75 million in cash.
  • 30,000,000 Unlisted Options issued in June 2026, exercisable at $0.05.
  • Exploration and evaluation expenditures included director-related staff costs.
  • Great Southern Mining's cash position supports approximately 3.88 quarters of funding.
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.