Great Boulder Resources acquisition announcement

Great Boulder Resources Limited (ASX:GBR) has announced the acquisition of priority tenements at the Company's flagship Side Well Gold Project near Meekatharra in Western Australia. The acquisition includes key tenements along strike from Mulga Bill on the Ironbark Trend, providing GBR with more than 35km of contiguous strike over the Side Well Gold Project. The Company is set to commence AC drilling on new targets at Side Well South in the coming week, with RC results from resource drilling at Mulga Bill expected shortly.

Executive commentary on the acquisition

This is a great acquisition for Great Boulder, giving us another 3.8km of strike immediately south of our new targets at Side Well South. In addition, we now have the tenement directly along strike from Mulga Bill. This acquisition gives GBR more than 35km of contiguous tenure over the eastern half of the Meekatharra greenstone belt, with excellent potential to continue making new discoveries as we grow towards our million-ounce gold target. GBR's team has done a great job identifying targets at Side Well South. As soon as we saw the potential there we were keen to lock down additional tenure along strike from those anomalies. We'll start the first drilling on our biggest target at Side Well South in the next few days as we continue to balance new discovery opportunities with resource definition drilling, working towards the resource update at the end of the year.

Summary of the acquisition and outlook

Great Boulder Resources' acquisition of priority tenements at the Side Well Gold Project near Meekatharra in Western Australia marks a significant step in the Company's expansion and exploration efforts. With the acquisition of key tenements along strike from Mulga Bill on the Ironbark Trend, GBR now controls more than 35km of contiguous strike over the Side Well Gold Project, providing excellent potential for new discoveries. The Company's Managing Director, Andrew Paterson, emphasized the strategic importance of the acquisition, highlighting the additional tenure's contribution towards the Company's million-ounce gold target. As GBR prepares to commence AC drilling on new targets at Side Well South and expects RC results from resource drilling at Mulga Bill shortly, the outlook for the Company remains focused on balancing new discovery opportunities with resource definition drilling, working towards the resource update at the end of the year.