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Great Southern Mining (ASX: $GSN) to quantify gold discoveries

Overview of Great Southern Mining's ASX: $GSN announcement


Great Southern Mining Limited (ASX: $GSN) presented at the RIU Conference in Sydney in May 2024, providing key insights into their advanced gold discovery projects in Western Australia. With a market capitalization of A$16.3M at $0.020 per share and 817M shares on issue, the company is poised to quantify its gold discoveries and leverage a rising gold price environment. The presentation highlighted major exploration programs planned for 2024, emphasizing significant newsflow and the company's high-quality board with a skilled exploration team.

Executive commentary on Great Southern Mining's projects


John Terpu, Executive Chairman of Great Southern Mining, emphasized the company's focus on advanced gold discovery projects in Western Australia. He highlighted the proximity of all assets to existing mineral processing infrastructure, underscoring the potential for efficient operations. Matt Keane, Managing Director, expressed confidence in the company's transition from target generation to resource definition in 2024, anticipating a period of substantial newsflow. Andrew Caruso, Non-Executive Director, emphasized the significance of the company's projects in premium locations near operational mills, positioning Great Southern Mining for a promising future in the gold sector.

Summary of Great Southern Mining's ASX: $GSN announcement


Great Southern Mining (ASX: $GSN) showcased its advanced gold discovery projects in Western Australia at the RIU Conference in May 2024. With a focus on leveraging a rising gold price environment, the company's projects are strategically located within 40km of existing mineral processing infrastructure, promising operational efficiency. The presentation outlined major exploration programs planned for 2024, indicating a period of significant newsflow. The company's high-quality board and skilled exploration team further bolster its position in the gold sector. With projects in the Laverton Gold District and the Edinburgh Park Project in Queensland, Great Southern Mining is poised to quantify its gold discoveries and pursue resource definition in 2024. The company's collaboration with Gold Fields for the Edinburgh Park Project reflects its commitment to partnering with experienced entities for potential tier one discoveries. Overall, Great Southern Mining's ambitions and strategic positioning indicate a promising outlook for the company's future endeavors in the gold sector.

GREAT SOUTHERN MINING LIMITED
GSN | ASX | Materials
0.0180.001(+5.88%)
At close 05/07 (AEDT)
Market cap
$14.4M
Volume
55,000
DY Yield
0
PE Ratio
0
52 Week Range
0.014 - 0.033
1YR Return
-40.358%

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