Activities over the past 11 months have yielded very encouraging results for Great Southern Mining (ASX: GSN, “Great Southern” or “the Company”).
This includes positive results from drilling at the Cox’s Find and Mon Ami projects in the Laverton region of Western Australia, a prolific gold mining district which hosts a number of current operations, including Gold Fields’ Granny Smith and Regis Resources’ (ASX: RRL) Garden Well plants located near the Company’s projects.
Great Southern’s strategy is to rapidly commercialise these projects (which were only acquired not long before our October 2019 initiation). This ideally would utilise toll treating to minimise costs and time to production (and which requires a significantly smaller gold inventory than that required to support a standalone plant), with free cash flow to provide funding for ongoing exploration and project appraisal.
