Great Southern Mining's latest activities report

Great Southern Mining Limited (ASX: $GSN) has reported its quarterly activities for the quarter ended 31 March 2024. The company has detected new zones of high-grade gold mineralization up to 1.2 kilometers north of Southern Star, recommenced exploration at the Edinburgh Park Project under the A$15M Gold Fields Limited earn-in, and completed a Share Placement to raise $1.24 million through the issue of 61.9 million new fully paid ordinary shares at a A$0.02 per share issue price.

Executive commentary on recent activities

The Company is pleased to report the discovery of new high-grade gold mineralization north of Southern Star and the recommencement of exploration at the Edinburgh Park Project. The successful completion of the Share Placement demonstrates the confidence of existing shareholders and institutional investors in our projects and future prospects. We are committed to advancing our exploration activities at the Duketon Gold Project, focusing on areas such as Southern Star North, Golden Boulder, and Amy Clarke. Additionally, the binding Option and Joint Venture Agreement with Gold Fields Ltd on the Edinburgh Park Project marks a significant milestone for the Company, and we look forward to the upcoming geophysical surveys and detailed mapping to refine and generate additional targets for planned diamond drilling later in the year.

Summary of the quarterly activities report

Great Southern Mining's quarterly activities report highlights the discovery of new high-grade gold mineralization north of Southern Star, the recommencement of exploration at the Edinburgh Park Project under the A$15M Gold Fields Limited earn-in, and the successful completion of a Share Placement raising $1.24 million. The Company plans to focus on follow-up drilling at Southern Star North, test Southern Star along strike to the south, and conduct follow-up RC drilling at Golden Boulder. Furthermore, geophysical surveys will recommence at the Edinburgh Park Project, and ground electromagnetic surveys are planned for the East Laverton Nickel Project. The Company remains optimistic about its future exploration and development activities, aiming to capitalize on the identified mineralization and advance its projects in Western Australia and North Queensland.