PRESS RELEASE: GDM – ON THE PACE

Latest Press Release

Great Divide Mining Ltd (ASX:GDM) announced today that it had received Shareholder approval for the Company’s change in business from explorer to producer.

“Kicking off CY 2025 early, and with a Shareholder EGM, is just how we roll at GDM,” said CEO Justin Haines, “Get started early, get in, get hands-on, and deliver for all shareholders.”

The Shareholder approval validates GDM’s Farm-in to the Adelong Gold Project.

“The next couple of weeks will see a lot of activity at the Adelong site with finalisation of due diligence then plant and equipment recommissioning and testing, environmental testing and reports, and assays for ore already on surface,” he said.

“We understand the role of a gold producer well, and how to successfully operate the processing plant” he said, ”It’s about efficient through-put and positive cash flows. We can’t see any commercially sound reason to delay these one day longer than is absolutely necessary.”

“Indeed several pieces of equipment were already recommissioned ahead of the Christmas break,” he said. “It’s true when they say: Time is Money. At GDM we Walk-the-Talk.”

“I’d like to make a special note of thanks to our shareholders for their continuing support,” said Haines, “they’ve supported our ‘brown-field’ strategy as an explorer, and have today confirmed their confidence in GDM, supporting the company’s evolution into an explorer and producer.”

“And, importantly, we need to always keep in mind, that every mine GDM recommissions, is another piece of the native environment that we’ve protected,” said Haines.

Media Contacts:

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

Attachments:

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January 7, 2025/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. Adelong Gold Ltd (ASX:ADG) GDM announced on 11 November 2024 that it had signed a binding farm-in agreement with Adelong Gold Ltd (ASX:ADG) and its wholly owned subsidiary Challenger Mines Pty Ltd (CMPL) to recommence the operations of the historic Adelong Gold Mine. GDM will now complete the 90-day Due Diligence on the CMPL assets, and if successful, move to acquire a 15% holding in CMPL and become operator of CMPL. GDM’s focus will be on rapidly moving the Adelong Gold Mine back onto a production footing. Contact Justin Haines CEO e [email protected] m +61 (0)418 876 420

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