PRESS RELEASE: INDUSTRY COLLABORATION FOCUS

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Great Eastern Gold (GEG) and Great Divide Mining (ASX:GDM) today announced the signing of an MOU to explore toll processing services for GDM’s Yellow Jack Ore at GEG’s nearby Big Rush mine.

GEG’s Big Rush project is located 170km west of Charters Towers, Q, and boasts 1400m of high-grade gold intersections up to 190 gm per tonne. Its’ predominantly oxide ore is processed via a heap leach / carbon recovery methodology.

Yellow Jack is also a historic oxide gold mine site, open in all directions, boasting a 51,000 Oz Au Maiden JORC resource.

“This is a great step forward for GDM’s plan for Yellow Jack,” said CEO, Justin Haines. “Working with Great Eastern will allow us to explore process options at their Big Rush site significantly compressing our project timeline and thereby reducing CAPEX for development of Yellow Jack”.

“Operations, process through-put and efficiencies will all benefit for both companies by the addition of Yellow Jack’s ore.”

“Great Eastern has always been an industry innovator with its’ targeted, electric, narrow-vein style operations,” said Haines ,”Collaboration with industry colleagues to ensure most efficient asset utilisation is just very good logical thinking.”

“The environment will also be a big winner as a result of our collaboration,” said Haines, “Two significant resource projects, but utilising just the one processing site.”

“It’s Win:Win:Win,” he said.

Media Contacts:

Name: John KochanskiCompany: Great Divide MiningEmail: [email protected]Phone: 0411831122

Attachments:

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June 21, 2024/by Reland Pigte

About Great Divide Mining

Great Divide Mining (ASX:GDM) GDM listed on the ASX on 25th August 2023. It operates four gold and base metal projects cross 12 granted Queensland tenements. It’s commercial model focusses on historically significant workings, leveraging brownfield permitting opportunities, utilising details of these workings, targeted in-fill drilling programs and the application of modern exploration and mining technologies. Recommissioning of previously mined sites delivers significant reduction in exploration risk and ensures the company minimises its environmental impacts. Its core values are to responsibly transition exploration projects to positive cash flow in efficient time frames. Contact: Justin Haines, CEO e [email protected] m +61 (0)418 876 420 Great Eastern Gold Ltd Great Eastern Gold is a private mining and exploration company with significant project opportunities in Queensland, Western Australia and North America. Its’ focus is on projects with All-In Sustaining Costs (AISCs) significantly below average, with the potential therefore, to deliver above average returns, independent of project scale. Such projects are often overlooked and undervalued by larger mining companies. Targeted, narrow-vein mining, utilising modern technologies and equipment, delivers higher returns to investors, whilst minimising environmental impacts. Great Eastern’s keystone project, the Welcome Again Mine (ML10125) near Charters Towers, Q. offers compressed timeline to production, thereby delivering significantly reduced start-up costs. Together with its sister lease (ML10124), Welcome Again offers the potential to deliver stable gold production for an estimated 7-10 years together with above average returns. https://www.greateasterngold.com.au/

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