Great Boulder Resources (ASX: $GBR) Quarterly Report to 31 March 2024

Great Boulder Resources Limited (ASX: $GBR) has released its Quarterly Report to 31 March 2024, revealing a cash balance of A$3.94 million and no debt. The company's Ordinary Shares stand at 601 million, with 70.2 million Unlisted Options. The report highlights the ongoing drill testing of new targets within the Ironbark Corridor at Side Well, with significant progress and promising results.

Executive Commentary on Quarterly Activities

During the quarter, Great Boulder continued first-pass drill testing new targets within the Ironbark Corridor at Side Well. The company drilled 192 air-core (AC) holes in two areas of the Ironbark Corridor, yielding positive results from the Saltbush prospect, indicating an Ironbark style with high-grade gold around a mafic-ultramafic contact. Additionally, priority targets were identified at the Polelle project, and fieldwork, mapping, and target generation are ongoing at Polelle and Wanganui. The company intends to commence AC drilling at Polelle in the June quarter. At the end of March, Great Boulder had a cash balance of $3.94 million.

Summary of Quarterly Report and Outlook

Great Boulder Resources' Quarterly Report to 31 March 2024 reflects the company's focus on drill testing new targets within the Ironbark Corridor at Side Well, with positive results from the Saltbush prospect and priority targets identified at the Polelle project. The company's cash balance of A$3.94 million provides a strong financial position for future activities. With ongoing fieldwork, mapping, and target generation, Great Boulder is poised for an exciting year ahead. The company's ambitions and goals include the commencement of AC drilling at Polelle in the June quarter, further exploration at Wellington Base Metals Project, and continued progress at the Gnaweeda, Whiteheads, and Polelle projects. Great Boulder's strategic positioning and strong technical team position the company for future success in mineral exploration.