Update on field activities at Side Well Gold Project

Great Boulder Resources Limited (ASX: $GBR) has confirmed continuous gold mineralisation over a 400m strike length at Mulga Bill North through a 13-hole air core (AC) program. The program revealed shallow gold zones from 40m below the surface, with highlights including 17m @ 1.39g/t Au from 49m and 14m @ 1.77g/t Au from 70m. The company's Managing Director, Andrew Paterson, expressed satisfaction with the results, emphasizing the potential for large-scale open pit mining and the significance of the new intersections in supporting the company's previous interpretation.

Executive Commentary on Mulga Bill North and Saltbush

Andrew Paterson, Managing Director of Great Boulder Resources, highlighted the significance of the AC drilling program at Mulga Bill North, emphasizing the potential for large-scale open pit mining and the importance of the new intersections in supporting the company's previous interpretation. He also mentioned the identification of gold mineralisation beneath a surface geochemical bullseye northwest of Saltbush, indicating the intention to conduct further drilling in the area.

Summary of ASX Announcement

Great Boulder Resources has successfully confirmed continuous gold mineralisation over a 400m strike length at Mulga Bill North, with the potential for large-scale open pit mining. The company also identified gold mineralisation beneath a surface geochemical bullseye northwest of Saltbush, indicating a similar mineralisation style to Ironbark. Ongoing reverse circulation (RC) and diamond drilling at Mulga Bill is expected to lead to an updated Mineral Resource Estimate (MRE) in the second half of CY2024. The company plans to continue drilling to extend the northern end of Mulga Bill and conduct a resource definition program to upgrade priority areas of inferred resource to higher-confidence JORC Indicated category. Additionally, metallurgical test-work is scheduled to commence in September, providing an outlook for the company's future activities and corporate strategy.