Great Boulder Resources Raises AUD 12.5M to Advance Side Well, Ironbark Exploration

Mon 23 Jun 25, 07:01 AM | Team Kalkine

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Highlights:

GBR secures AUD 12.5 million via Placement to accelerate drilling at Side Well Gold Project.

The company expects to hold approximately AUD 15 million in cash post-raise to fund exploration.

GBR plans Ironbark scoping study release in early July, with additional drilling updates to follow.

Great Boulder Resources Limited (ASX:GBR) is a Western Australia-based exploration company focused on gold and base metals. Its principal project, the Side Well Gold Project in Meekatharra, currently hosts a JORC-compliant MRE of 668,000 ounces at 2.8g/t gold, including both indicated and inferred resources.

The company has announced binding commitments to raise AUD 12.5 million through a placement of shares to institutional and sophisticated investors, enabling the company to significantly accelerate its exploration activities, particularly at its flagship Side Well Gold Project in Western Australia.

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