Highlights

• Exceptional Share Price Performance - +210.45% 12-month return and encouraging 6-month momentum (+24%)
• Capital Raise Announcement - Successful AUD 3.54M capital raising at AUD 0.08 per share signals investor confidence
• World-Class Grades at Graceland (Namibia) - 22m @ 9.4% CuEq (including 1m @ 21.6% CuEq) and 1.82m @ 16.6% CuEq, including 0.66m @ 44.7% CuEq

Golden Deeps Limited (ASX:GED) is an ASX-listed critical metals exploration and development company focused on copper, zinc, silver, and germanium projects in Africa and Australia. Headquartered in West Perth, Western Australia, the company operates under ASX ticker GED with an ABN of 12 054 570 777. Led by CEO Jon Dugdale, Golden Deeps has emerged as a significant player in the critical metals sector, capitalizing on global demand for battery metals and strategic minerals essential for green energy transition.

The company's strategic focus on critical metals positions it well within the evolving Australian Securities Exchange landscape, where investors increasingly seek exposure to commodities essential for electric vehicle batteries, renewable energy infrastructure, and advanced electronics manufacturing. Golden Deeps' exploration programs combine modern geological techniques with proximity to world-class mineral deposits.

ASX GED Share Price Performance

Golden Deeps has demonstrated exceptional share price performance on the Australian Securities Exchange, significantly outperforming the broader ASX index. Trading at approximately AUD 0.062 per share as of 03 March 2026 (2:38 PM), GED has delivered remarkable returns for investors committed to the critical metals thesis.

Performance Metrics:

12-Month Performance: +210.45%

6-Month Performance: +24%

Recent Capital Raising: In a show of investor confidence, Golden Deeps successfully completed a AUD 3.54 million capital raising at AUD 0.08 per share, demonstrating institutional and retail investor support for the company's exploration strategy and project development pipeline.

Strategic Focus and Projects

Golden Deeps operates a diversified portfolio of critical metals exploration projects across two primary geographic regions, enabling geographic diversification while maintaining focus on high-potential copper, zinc, silver, and germanium targets.

Graceland Critical Metals Prospect - Namibia

The Graceland Critical Metals Prospect represents Golden Deeps' flagship exploration asset, located in the prospective Otavi Mountain Land of Namibia. The project's strategic location approximately 30 kilometers from the world-class Tsumeb deposit provides compelling geological and commercial rationale for exploration success. The Tsumeb deposit, which produced an extraordinary 27 million tonnes at 4.3% copper, 10% lead, 3.5% zinc, 95 grams per tonne silver, and 50 grams per tonne germanium, represents a geological analogue that validates the mineral system potential in the Graceland area.

Lachlan Fold Belt Projects - New South Wales

In addition to African exploration, Golden Deeps maintains a portfolio of copper-gold prospects within the Lachlan Fold Belt of New South Wales, Australia. This diversified asset base provides exposure to multiple prospective mineral systems and reduces company-specific geographic risk. The Lachlan Fold Belt hosts significant copper-gold mineralization, making it a strategic component of Golden Deeps' long-term exploration strategy.

Graceland Exploration Results and Drilling Success

Graceland has emerged as a world-class exploration prospect following a comprehensive exploration program combining geophysical surveys, geological mapping, and diamond drilling. Multiple exploration techniques have defined three significant induced polarization (IP) anomalies of Tsumeb-scale dimensions, indicating a substantial mineral system capable of hosting major ore bodies.

Gossan 1 Diamond Drilling Results

The Gossan 1 target has produced exceptional diamond drilling results validating the mineral potential at Graceland. Initial drilling intercepted 3.22 meters at 9.4% copper equivalent, including a higher-grade interval of 1 meter at 21.6% copper equivalent featuring 11.9% copper and 8.29% zinc. These results represent significant polymetallic enrichment consistent with Tsumeb-style mineralization.

Gossan 1 East Drilling Results

The Gossan 1 East zone has delivered even more impressive results, with drilling returning 1.82 meters at 16.6% copper equivalent. Within this interval, a 0.66-meter section graded 44.7% copper equivalent, comprising 34.8% copper, 388 grams per tonne silver, and 1,318 grams per tonne antimony. These exceptional grades demonstrate the presence of high-grade mineralization at Graceland, with silver and antimony contributing significantly to overall economic value.

Channel Sampling Data

Systematic channel sampling from the Gossan 1 area has yielded exceptional surface grades, with peak results including 31.7% copper, 961 grams per tonne silver, 15.3% zinc, and 351 grams per tonne germanium. These exceptional surface values indicate that Gossan 1 represents an oxidized expression of a substantial hypogene mineral system at depth, providing strong geological evidence for continued mineralization below the weathered surface.

Unexplored IP Anomalies

Beyond Gossan 1 and Gossan 1 East, the Graceland prospect contains a third major induced polarization anomaly that extends over 300 meters and remains completely open for exploration. This substantial untested target represents a major opportunity for extending the mineral resource base and discovering additional high-grade zones within the project area.

Analyst Outlook and Market Positioning

Golden Deeps operates within a highly favorable macroeconomic and investment environment. Global demand for copper, zinc, silver, and particularly germanium continues to strengthen, driven by accelerating electric vehicle adoption, renewable energy infrastructure development, and advanced electronics manufacturing. The ASX copper stocks sector has attracted significant institutional investor interest as traditional mining companies struggle with declining ore grades and increasing development costs.

Golden Deeps Limited (ASX:GED) represents a compelling investment opportunity for investors seeking pure-play exposure to critical metals exploration within the Australian Securities Exchange. The company's flagship Graceland project in Namibia has demonstrated world-class mineral potential through exceptional drilling results and channel sampling data. With three major induced polarization anomalies defined and multiple unexplored targets remaining, Graceland offers substantial exploration upside.

The exceptional share price performance, with significant gainsover the past 12 and 6 months, reflects investor recognition of the company's potential and the favorable market environment for ASX critical metals stocks. As global demand for copper, zinc, silver, and germanium continues to strengthen in 2025-2026, Golden Deeps is well-positioned to capitalize on these macro trends through exploration success at Graceland.

Investors should closely monitor upcoming exploration results and capital allocation decisions, as additional drilling success could materially increase the company's valuation and unlock significant shareholder value. Golden Deeps Limited merits serious consideration for investors building exposure to critical metals exploration on the Australian Securities Exchange.