PRESS RELEASE: GDM HITS THE GROUND RUNNING AT ADELONG

Hot on the heels of announcing its’ Shareholder meeting, ASX listed Great Divide Mining Ltd (ASX:GDM) has been positioning key personnel and technical experts at the mine site to conduct due diligence ahead of its scheduled shareholder meeting.

“When we get together with our shareholders, we want to have all the information possible available, so that an informed decision can be made,” said CEO, Justin Haines, from the Adelong site.

“We see little value in letting time idle bye, hold the meeting, and then start DD,” said Haines, “That’s not the GDM way.”

“We’re forever looking for the double bottom line,” he said, “ So here’s another GDM saying: Invest Once … Benefit Twice … most especially with time.”

“We’ll hold our shareholder meeting knowing a lot more about the Adelong site than when we originally proposed the acquisition. We’re actually using the due diligence period to not only inspect plant and equipment, but by restarting key elements of the plant to ensure its serviceability, as we move forward into 2025, which will be our maiden year as a gold producer,’ he said.

“And let’s always remember, “ said Haines ,”every mine site that GDM recommissions is another piece of the environment we’ve actively protected.”

Ever the practical hands-on Chairman, Paul Ryan, personally inspected and led the effort to recommission the site’s loaders and processing plant.

“Getting a specialist technical report that says a piece of equipment will work is one thing, but getting the equipment to actually work on the day, and perform to full design spec, is a whole other matter,” he said.

“We’re confident that the mobile equipment and the processing plant at Adelong will meet GDM’s requirements,” said Ryan, before showing his skill at operating one of the sites fully recommissioned loaders.

“We’re just doing our own due diligence on the due diligence,” Ryan quipped.