Exploration update on Polelle Gold Project

Great Boulder Resources Limited (ASX: $GBR) has released an exploration update on the Polelle Gold Project in Western Australia. The company confirmed the presence of strong pathfinder anomalism at the project and provided details on the ongoing drilling activities at Side Well. The update includes assay results from 45 AC holes drilled at Polelle in June, as well as the receipt of a $558,000 R&D rebate in early July, ensuring sufficient funding for ongoing exploration.

Executive Commentary on Exploration Update

Great Boulder's Managing Director, Andrew Paterson, stated, 'We completed four lines of drilling in two areas at Polelle based on heritage surveys by Castle Minerals in 2022. Unfortunately, that meant the program wasn't optimal in terms of our priority targets, but we confirmed very high levels of antimony and other pathfinders in both locations. Antimony is one of our key pathfinder elements for orogenic gold deposits, and it confirms we're inside the mineralised system. We are planning a heritage survey shortly to clear the priority targets prior to our next drilling program. In the meantime, it's all systems go at Side Well, with AC and RC drilling testing a range of targets from Mulga Bill North down to the southern end of the project. The second half of the year is going to be extremely busy, and we anticipate a lot of good news in the months ahead.'

Summary of Exploration Update and Outlook

The exploration update from Great Boulder Resources confirms the presence of strong pathfinder anomalism at the Polelle Gold Project, indicating the company's proximity to the mineralised system. The receipt of a $558,000 R&D rebate in early July ensures sufficient funding for ongoing exploration activities. The company is finalising plans for a heritage survey at Polelle to clear drill lines over the priority target areas, with the next round of AC drilling expected to provide a more comprehensive test of Polelle's potential. Additionally, ongoing drilling at Side Well, Mulga Bill North, Mulga Bill, Saltbush, and Side Well South reflects the company's commitment to exploring multiple targets. With a portfolio of highly prospective assets and a strong technical team, Great Boulder Resources is well positioned for future success in its exploration endeavors.