GSN Secures AU$4.6 million to Power Aggressive Gold Exploration Across Key Projects
Great Southern Mining Limited (ASX: GSN) has raised AU$4.6 million through a strongly supported share placement, strengthening its funding position to accelerate exploration across its Western Australian gold portfolio.
The capital raising attracted robust demand from institutional and sophisticated investors, alongside continued participation from existing shareholders, including directors and management. Demand surpassed the targeted raise, reflecting increasing investor confidence in the company’s assets and exploration approach. With this funding and its existing cash reserves, GSN is now fully funded to deliver an expanded drilling campaign throughout 2026. The company also retains potential to receive up to AU$5.0 million in future payments tied to a previous tenement transaction with Regis Resources.
Drilling activities are set to commence in the June 2026 quarter, with a strong focus on the Duketon Project. At Golden Boulder, earlier work has outlined a large mineralised system extending approximately 3.5 km, which remains open along strike and at depth. Additional drilling is planned at the Amy Clarke prospect, where a 4.7 km mineralised trend offers further growth potential. Follow-up drilling at the Mon Ami Gold Project will target high-grade zones, while diamond drilling continues at Diorite Hill under government co-funding. In Queensland, drilling at the Edinburgh Park Joint Venture is scheduled to restart in May 2026, fully funded by Gold Fields.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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GSN Secures AU$4.6 million to Power Aggressive Gold Exploration Across Key Projects
Great Southern Mining Limited (ASX: GSN) has raised AU$4.6 million through a strongly supported share placement, strengthening its funding position to accelerate exploration across its Western Australian gold portfolio.
The capital raising attracted robust demand from institutional and sophisticated investors, alongside continued participation from existing shareholders, including directors and management. Demand surpassed the targeted raise, reflecting increasing investor confidence in the company’s assets and exploration approach. With this funding and its existing cash reserves, GSN is now fully funded to deliver an expanded drilling campaign throughout 2026. The company also retains potential to receive up to AU$5.0 million in future payments tied to a previous tenement transaction with Regis Resources.
Drilling activities are set to commence in the June 2026 quarter, with a strong focus on the Duketon Project. At Golden Boulder, earlier work has outlined a large mineralised system extending approximately 3.5 km, which remains open along strike and at depth. Additional drilling is planned at the Amy Clarke prospect, where a 4.7 km mineralised trend offers further growth potential. Follow-up drilling at the Mon Ami Gold Project will target high-grade zones, while diamond drilling continues at Diorite Hill under government co-funding. In Queensland, drilling at the Edinburgh Park Joint Venture is scheduled to restart in May 2026, fully funded by Gold Fields.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au