Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)
Lithium
43.74
(0.93%)
Gold
2,798.30
0.41%
Copper
4.37
0.13%
Oil
67.74
0.4%
Bitcoin
72,419.94
(0.4%)
FTSE 100
8,219.60
(0.8%)
Nikkei 225
39,277.39
0.45%
Dow Jones
42,233.05
(0.21%)
Iron Ore
103.75
0.16%
USD/AUD
0.66
(0.07%)
Hang Seng
20,348.68
(1.16%)

Golden State Mining (ASX: $GSM) plans gold and lithium drilling in Pilbara and Goldfields

Golden State Mining June 2024 Quarterly Report Overview


Golden State Mining Limited (ASX: $GSM) has released its June 2024 Quarterly Report, detailing its progress across various gold and lithium projects in Western Australia. The company reported having approximately $1.9 million in cash on hand at the end of the quarter and is well-positioned to advance up to 6,000m of Pilbara focused gold drilling. The report highlighted significant developments at the Yule (Au-Li) Project in Pilbara, WA, the Southern Cross East (Au) Project in Goldfields, WA, the Eucla (Cu-Au-Ni-REE) Project in Dundas, WA, and the Paynes Find (Li) Project in Murchison, WA.

Executive Commentary on Quarterly Progress


During the quarter, Golden State Mining focused on planning a gold-focused drill program at Yule, where the company holds over 600km2 of tenements in the highly prospective Mallina Basin in the Pilbara. The company is also actively working towards the commencement of further gold drilling at Yule, as well as advancing the targeting work at the Paynes Find and Southern Cross East projects. Additionally, the company undertook work on the Eucla project, focusing on drill core received from a previous explorer's core storage facility. The analytical results have revealed a highly anomalous gold intercept at depth, requiring further investigation. Field work at the Southern Cross East project has validated previous geochemical work, and further targeting work is in the planning stages prior to the commencement of any drill campaigns. Geochemical analysis work has characterized the lithium anomaly at the Nomad prospect, suggesting an intrusive source, while further work is needed at Paynes Find to firm up the overall exploration strategy for the area.

Summary of Quarterly Report and Outlook


Golden State Mining's June 2024 Quarterly Report highlights the company's focus on advancing gold and lithium exploration across its Western Australian projects. The company is well-positioned to commence up to 6,000m of Pilbara focused gold drilling and has approximately $1.9 million in cash on hand. The report outlined significant developments at the Yule (Au-Li) Project, Southern Cross East (Au) Project, Eucla (Cu-Au-Ni-REE) Project, and Paynes Find (Li) Project. Looking ahead, Golden State Mining aims to continue its exploration efforts, with a focus on further gold drilling at Yule, advancing targeting work at Paynes Find and Southern Cross East projects, and conducting additional petrological work on drill chip specimens to determine mineralogy and pathfinder element makeup for potential drill exploration.

GOLDEN STATE MINING LIMITED
GSM | ASX | Materials
0.0110(+0%)
At close 29/10 (AEDT)
Market cap
$3.1M
Volume
10
DY Yield
PE Ratio
52 Week Range
0.009 - 0.028
1YR Return
N / A

0 Comments
Inline Feedbacks
View all comments
Social Media Auto Publish Powered By : XYZScripts.com

Stock Piper AI Index Coming Soon!

Join our Newsletter to gain exclusive insight and be notified once we are live.

By clicking Subscribe, you agree to our Terms & Conditions

ASX News, First And Fast.

Get all the latest market updates straight to your inbox.

By clicking Subscribe, you agree to our Terms & Conditions