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Great Western Exploration Limited (ASX:GTE)

ALERT: Price-sensitive ASX Announcement for GTE
Current share price for GTE : $0.010 -0.002 (-16.67%)+
Announcement
Release
11 Jun 2026 8:20AM
Price at Release
$0.012
Full Release
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Summary
Great Western Exploration Limited (ASX: GTE) has successfully completed a maiden air core drilling program at its Diorama Copper-Gold Target within the Yerrida North Project, located approximately 800 km northeast of Perth in the Yerrida Basin. This area is geologically similar to the adjacent Bryah Basin, known for hosting significant copper-gold deposits. The drilling comprised 60 holes totaling 2,200 meters, aimed at testing copper anomalies beneath shallow cover that may obscure mineralization. The Diorama target is characterized as a DeGrussa-style copper-gold anomaly. Results from the assays are expected by late July or early August 2026. Additionally, Great Western plans to initiate RC drilling on six copper-gold targets at the nearby Juggernaut Project, followed by drilling at the Baroo Copper-Gold Target. The company is also advancing exploration on other regional copper-gold targets in the Yerrida Basin. As of March 2026, Great Western had a robust financial standing with a cash balance of $4.3 million.
Key Points
  • Maiden air core drilling completed at Diorama Copper-Gold Target.
  • Diorama is a DeGrussa-style target with a large copper anomaly.
  • Located within Yerrida North Project, ~800 km northeast of Perth.
  • Drilling included 60 holes for a total of 2,200 meters.
  • Assay results anticipated by late July/early August 2026.
  • Following Diorama, RC drilling will commence at Juggernaut Project.
  • Great Western is exploring additional regional targets within Yerrida Basin.
  • Company's cash balance stood at $4.3 million as of March 2026.
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.