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Great Southern Mining Limited (ASX:GSN)

ALERT: Price-sensitive ASX Announcement for GSN
Current share price for GSN : $0.022 -0.004 (-15.38%)+
Announcement
Release
30 Jul 2025 11:10AM
Price at Release
$0.026
Full Release
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Summary
Great Southern Mining Limited (GSN) provided its Quarterly Activities and Appendix 5B Cash Flow Report for the quarter ending 31 December 2023. During the quarter, the company focused on advancing its Duketon Gold Project in Western Australia, including reverse circulation drilling at the Southern Star Prospect and air core drilling at the Amy Clarke Prospect. Key results included the intersection of high-grade gold at Southern Star, and the identification of promising targets at Amy Clarke. GSN also progressed desktop work and engagement with Native Title parties regarding its Edinburgh Park Project in Queensland. The company highlighted prudent management of cash resources, with operational expenditure focused on exploration, and reported a cash balance at the end of the quarter. There were no substantial corporate changes, and the company remains focused on exploration and value creation for shareholders.
Key Points
  • Reverse circulation drilling at the Southern Star Prospect yielded high-grade gold intersections.
  • Air core drilling at Amy Clarke Prospect identified new gold targets.
  • Desktop studies and engagement with Native Title parties continued for the Edinburgh Park Project.
  • Cash management remained a priority, with expenditures targeted toward exploration activities.
  • No major corporate or strategic changes during the quarter.
  • Closing cash balance was reported in the financial summary.
  • The company is maintaining its primary focus on exploration and shareholder value.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.