Great Southern Mining's A$1,800,000 Placement for Resource Exploration

Great Southern Mining Limited (ASX: $GSN) has successfully completed a share placement, raising A$1,800,000 (before costs) to expedite Western Australian exploration programs, particularly focusing on the Duketon Gold Project, and for general working capital.

Managing Director's Perspective on the Placement

With the backdrop of a rising gold price, it is an exciting time to be embarking on gold exploration in tier one jurisdictions such as Western Australia and Queensland. The Company's key objective for the coming 12 months is to translate gold discoveries at its 100% owned Duketon Gold Project into economic Mineral Resources. In addition, we anticipate the commencement of drilling by Gold Fields Ltd at the Edinburgh Park Project in northern Queensland in the coming months. This project is prospective for large scale epithermal and porphyry gold-copper-silver mineralisation. I would like to welcome the new shareholders to the register and thank existing shareholders for their continued support.

Great Southern Mining's Future Outlook

Great Southern Mining Limited (ASX: $GSN) has successfully raised A$1,800,000 through a share placement, with the proceeds earmarked to accelerate Western Australian exploration programs, particularly focusing on the Duketon Gold Project, and for general working capital. The Company aims to grow the existing Western Australian gold resource base and test several advanced targets within the Duketon Belt. Additionally, the commencement of drilling by Gold Fields Ltd at the Edinburgh Park Project in northern Queensland is anticipated in the coming months. Great Southern Mining's key objective for the next 12 months is to translate gold discoveries at its 100% owned Duketon Gold Project into economic Mineral Resources. The Company is optimistic about the potential of the Edinburgh Park Project, which is prospective for large scale epithermal and porphyry gold-copper-silver mineralisation. The successful completion of the share placement reflects the Company's commitment to advancing its exploration activities and underscores its confidence in the future prospects of its projects.