Great Boulder Resources' strategic asset divestment

Great Boulder Resources (ASX:GBR) announced the sale of its Whiteheads Gold Project to Great Western Gold Pty Ltd. This move allows GBR to focus on its main project, Side Well Gold Project, while maintaining an interest in Whiteheads through equity in GWG.

Great Boulder Resources' future plans and focus

Great Boulder Resources (ASX:GBR) has sold its Whiteheads Gold Project to Great Western Gold Pty Ltd, allowing GBR to concentrate on the Side Well Gold Project. The transaction involves a cash payment and equity consideration, providing GBR with potential future benefits from GWG's success. With a focus on Side Well, GBR is conducting a comprehensive drill program aimed at resource growth and new discoveries, aligning with the company's strategic goals in Western Australia's gold and base metals sectors.

Executive insights on divestment strategy

The divestment of the Whiteheads Gold Project aligns with our strategy to concentrate on advancing the Side Well Gold Project. By monetizing a non-core asset, we can direct our resources towards our flagship project while still retaining potential upside through our equity in GWG.