PRESS RELEASE: No Tariffs on Critical Metals

“We’ve swapped out a Cost Centre to focus on a Profit Centre,” said Great Divide Mining’s CEO, Justin Haines (ASX:GDM).
“It’s about delivering the best value for GDM’s Shareholders,” said Haines, “That’s what it has always been about and always will be, building value for our Shareholders.”
GDM has signed a binding agreement with Dart Mining NL (ASX:DTM) to farm-out GDM’s Coonambula Project including its’ historic Banshee Antimony Mine.
DTM will initially take a 15% holding in GDM’s 6 exploration tenements pay GDM $250,000 in cash, and has been appointed Manager to operate the Coonambula JV.
DTM has committed to conduct a minimum of 4,000m of drilling and prepare 2 geological and resource reports over a 2-year period, at which point its’ holding will increase to 51%.
“Antimony is listed as a critical mineral by many governments around the world. Prices almost doubled in 2024 due to severe supply shortages. China, the world’s leading producer of Antimony, is applying new constraints on supply,” said Haines.
GDM’s Coonambula Project hosts several Antimony prospects including the historical Banshee Antimony-Gold mine, which was one of the largest Antimony mines in the region.
Previous drilling at Banshee has returned high-grade antimony drill intercepts underneath the old workings, open at depth and along strike.
“GDM was formed to rapidly evolve into a cash-flow mining business, deriving revenues whilst conserving shareholder capital,” said Haines.
“This agreement secures a partner for GDM at Coonambula, to conduct significant on-groundwork including 4,000m of drilling. This enables GDM to focus on project development, operation, and near-term cash-flow,” he said.
“The farm-out agreement with Dart means we can advance two projects at a significantly advanced pace,” said GDM Chairman Paul Ryan. “Coonambula will benefit from a significantly accelerated exploration program, and GDM can focus on completing the re-commissioning of the Adelong mine’s processing facility.”
“Can’t wait for our first Gold Pour at Adelong!” he said.