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Great Western Exploration Limited (ASX:GTE)

ALERT: Price-sensitive ASX Announcement for GTE
Current share price for GTE : $0.008 -0.002 (-20%)+
Announcement
Release
2 Jul 2026 8:14AM
Price at Release
$0.010
Full Release
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Summary
Great Western Exploration Limited (ASX: GTE) has commenced reverse circulation (RC) drilling at the Juggernaut copper-gold project within its Yerrida North Project, adjacent to the DeGrussa deposits. The project is highly prospective due to its Volcanic Hosted Massive Sulphide (VHMS) potential, with six identified targets to be drilled, each showing significant geological, stratigraphic, and structural similarities to Sandfire Resources' DeGrussa deposits. This program involves 18 drill holes totaling 2,100 meters. The detailed geological mapping and the presence of lead-zinc and copper anomalies suggest a deep-seafloor environment indicative of VHMS mineralization. Upon completion at Juggernaut, drilling will proceed to the Baroo Copper-Gold Target, underlining Great Western's exploration momentum.
Key Points
  • RC drilling commenced at Juggernaut copper-gold project.
  • Juggernaut has six VHMS targets similar to DeGrussa.
  • 18 drill holes planned for a total of 2,100 meters.
  • Targets show strong geochemical and structural attributes.
  • Drilling to proceed to Baroo Copper-Gold Target post Juggernaut.
  • Juggernaut project is part of Yerrida North Project.
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.