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8 stories mentioning ASX:GBRUpdated 8d ago

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Asia

Great Boulder Resources Extends Mineralization at Western Australia Project; Shares Up 9%

Great Boulder Resources (ASX:GBR) extended the known mineralization at its Side Well project in Western Australia after intersecting more high-grade gold during drilling at Mulga Bill and Eaglehawk deposits, according to a Wednesday filing with the Australian bourse.Results include 7 meters at 14.5 grams per tonne (g/t) grade of gold from 56 meters, 4 meters at 9.12 g/t grade of gold from 80 meters, and 8 meters at 4.3 g/t grade of gold from 84 meters, the filing said.Meanwhile, drilling is also underway at the Peak Hill project, with two reverse circulation rigs in operation, per the filing.Shares rose past 9% in morning trade Wednesday.

ASX:GBR
Asia

Great Boulder Resources Starts Drilling at Western Australia Project; Shares Up 3%

Great Boulder Resources (ASX:GBR) started a 40,000-meter drilling campaign at the Peak Hill project in Western Australia, according to a Thursday filing with the Australian bourse.The program aims to infill and extend existing gold mineralization to facilitate a resource update by year-end, the filing said.Two reverse circulation rigs are on site, with a diamond drilling rig expected to arrive in about five weeks, per the filing.Shares rose 3% in morning trade on Thursday.

ASX:GBR
Asia

Westgold Resources Completes AU$54.4 Million Divestment of Western Australia Gold Project

Westgold Resources (ASX:WGX) completed the divestment of its Peak Hill gold project in Western Australia to Great Boulder Resources (ASX:GBR) in a AU$54.4 million cash-and-stock deal, according to a Wednesday filing with the Australian bourse.The consideration includes a AU$25 million cash payment and a 19.9% stake in Great Boulder valued at AU$29.4 million, per the filing.Westgold will also receive a 1% net smelter return royalty for all future gold production from Peak Hill, the company said.

ASX:GBRASX:WGX
Asia

Great Boulder Resources Finds Multiple High-Grade Gold Beyond Current Resource at Western Australia Project; Shares Up 5%

Great Boulder Resources (ASX:GBR) found multiple high-grade gold beyond the current resource at its Side Well project in Western Australia, according to a Monday filing with the Australian bourse.Results include 0.45 meters at 165 grams per tonne grade of gold from 455 meters, and four meters at 24 g/t grade of gold from 134 meters, the filing said.Reverse circulation drilling is ongoing at Eaglehawk, alongside air-core drilling on broad-spaced reconnaissance fences in the Eastern Corridor, per the filing.Shares rose 5% in morning trade on Monday.

ASX:GBR
Asia

Lion Selection Group Boosts Stake in Sunshine to 10% in April Quarter, Shares Jump 4%

Lion Selection Group (ASX:LSX) said it now holds a 10.1% stake in Sunshine Metals (ASX:SHN) after investing AU$3 million in the quarter ended April 30 as part of a AU$22 million fundraising at A$0.027 per share, according to a Thursday Australian bourse filing.Lion now has a 41% interest in Plutonic, with AU$1.6 million committed as part of a AU$4 million entitlement issue at AU$0.12 per share. It also divested its stake in Great Boulder Resources (ASX:GBR) for AU$2.4 million in the period.It said its Australia-focused investments of AU$53.9 million have created a value of AU$104.1 million, including the value of portfolio holdings and realized gains, as of April 30, providing an investment return to-date of 93%. It added that its portfolio contains 11 Australian-focused opportunities.Its shares rose 4% in recent trading on Thursday.

ASX:GBRASX:LSXASX:SHN
Asia

Great Boulder Resources Secures AU$40 Million in Two-Tranche Placement; Shares Up 19%

Great Boulder Resources (ASX:GBR) secured firm commitments to raise AU$40 million from institutional and sophisticated investors through a two-tranche placement, issuing around 470.6 million shares at AU$0.085 each, representing a discount of nearly 14% to its 10-day volume-weighted average price, according to a Tuesday filing with the Australian bourse.The first tranche is expected to raise about AU$12.4 million from 145.5 million shares, while the second tranche aims to generate around AU$27.6 million from 325.1 million shares, subject to shareholder approval, the filing said.The funds will be used to support the company's acquisition of the Peak Hill gold project from Aragon Resources, a wholly owned subsidiary of Westgold Resources (ASX:WGX), the filing added.The company's shares jumped 19% in recent Tuesday trade.

ASX:GBRASX:WGX
Asia

Westgold Resources to Sell Western Australia Gold Project to Great Boulder Resources for AU$58.3 Million, Net Smelter Royalty

Westgold Resources (ASX:WGX) executed a binding asset sale agreement and royalty agreement with Great Boulder Resources (ASX: GBR) to divest the Peak Hill gold project in Western Australia for a total consideration of AU$58.3 million plus a 1% net smelter royalty, according to two separate Monday Australian bourse filings.The total cash consideration is AU$25 million, and 391.7 million fully paid ordinary shares in Great Boulder will be issued to Westgold, translating into a 19.9% stake.Great Boulder and Westgold entered into an ore purchase agreement to process ore at one or more of Westgold's three mills in the region. They also formed a nonbinding strategic collaboration to evaluateoptions to fast-track Great Boulder's Side Well gold project.Great Boulder is also seeking firm commitments from institutional investors regarding a two-tranche placement to raise AU$40 million via the issue of around 470.6 million new fully paid ordinary shares at AU$0.085 per new share.

ASX:GBRASX:WGX
Asia

Great Boulder Resources Reports 'Minimal Impact' From Fuel Shortage; Shares Down 3%

Great Boulder Resources (ASX:GBR) said the fuel shortage stemming from the Middle East conflict resulted in only a "minimal impact" on the company's field operations, according to a Friday filing with the Australian bourse.Current diesel prices will add about AU$4 to AU$5 per meter to reverse circulation drilling costs, and less for air core or diamond drilling, which are not as fuel-intensive, the company said.Great Boulder Resources has completed more than 38,000 meters of drilling at its flagship Side Well Gold Project in Western Australia, with deep drilling at the Mulga Bill deposit returning an intersection of 1.9 meters at 574.4 grams per tonne grade of gold, per the filing.The company's shares were down nearly 3% in recent Friday trade.

ASX:GBR

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