Great Boulder Resources raises $6.28M: Expanding Mulga Bill drilling campaign

2 November 2024

Great Boulder Resources (ASX:GBR) Managing Director Andrew Paterson joins Shae Russell at the IMARC conference to discuss the company's latest milestone: a successful capital raise of $6.28 million. Despite tough market conditions, strong investor interest reflects confidence in the Side Well Project’s potential, particularly the Mulga Bill Prospect. Paterson outlines the strategic use of these funds, emphasising continued drilling to explore and expand multiple targets across an 18 km strike zone, including high-grade extensions at Mulga Bill and new resource drilling at Salt Bush. With a focus on organic growth, ongoing metallurgical testing, and preparations for future development, GBR is positioning itself for significant advancements into 2025. Stay tuned for drilling updates, new targets, and the latest resource developments as Great Boulder Resources continues to make strides in Western Australia's gold-rich terrain.

Highlights: Successful $6.28M capital raise in a challenging market Continued drilling at Mulga Bill and new targets at Side Well Strategic plans for resource expansion and development into 2025