InvestSMART

Great Western Exploration Limited (ASX:GTE)

ALERT: Price-sensitive ASX Announcement for GTE
Current share price for GTE : $0.011 0.001 (10%)+
Announcement
Release
16 Jul 2026 8:21AM
Price at Release
$0.010
Full Release
download
Summary
Great Western Exploration Limited has successfully completed its maiden reverse circulation (RC) drilling program at the Juggernaut and Baroo targets within the Yerrida North Project in Western Australia. The drilling confirmed a geological setting consistent with volcanic-hosted massive sulphide (VHMS) mineralisation, particularly interbedded mafic volcanic rocks with shale units. A total of 17 shallow drill-holes were carried out at Juggernaut, affirming the potential for a significant VHMS discovery similar to the nearby DeGrussa copper-gold deposit. Samples have been sent to a lab in Perth, with results anticipated by August-September 2026 to refine future drilling targets. The company is financially robust, holding a cash balance of $3.4 million as of June 2026.
Key Points
  • Great Western Exploration Limited completed a maiden RC drilling program at Juggernaut and Baroo.
  • The drilling confirmed a geological setting consistent with VHMS mineralization.
  • 17 shallow drill-holes were completed at Juggernaut for 2,160m, confirming interbedded mafic volcanic rocks and shale units.
  • Alteration noted in drill holes suggests a potentially fertile VHMS mineralisation system.
  • Six individual copper-gold targets were tested at Juggernaut.
  • Drill samples are in transit to Perth laboratory, with assays expected in August/September 2026.
  • Great Western holds a strong financial position with a cash balance of $3.4M as of June 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.