The Company’s flagship project, Mt Wandoo, situated on granted mining leases located in the prolific Chillagoe district of North Queensland, hosts an Inferred Mineral Resource of 0.9Mt at 1.1g/t gold and 13 g/t silver for 32 koz Au and 387 koz Ag (JORC 2012), from surface within multiple thick, flat-lying shear structures. Recent diamond drilling into these structures yielded strong near true-width intercepts, including 70.5m at 1.7 g/t Au (including internal dilution) in hole WBR050.
Following the IPO, further drilling to expand and upgrade the Mt Wandoo resource is planned in preparation for mining studies. The proceeds will also be used to expedite studies of key processing, economic, and environmental factors.
Additional gold and silver exploration prospects across the Chillagoe exploration permit portfolio include Sentinel, Dingo, Welcome and Yum Yum. The Chillagoe tenements also contain several historic fluorite mines.
The Cosgrove Rare Earth Project consists of three exploration tenements in southern and central QLD. The Nutgrove tenement located 80km north of Toowoomba is the focus of rare earth exploration.
It is anticipated that GGI will list on the ASX during August 2025.
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