PRESS RELEASE: Drilling Commences at Coonambula Antimony-Gold Project

Great Divide Mining Ltd (ASX:GDM) is pleased to report that drilling has commenced at the Banshee Antimony-Gold Prospect within its Coonambula Project in South-East Queensland, together with the Company’s joint venture with Dart Mining NL (ASX:DTM).

The JV agreement provides DTM the opportunity to earn up to 51% equity in the project through 4,000m of drilling and two annual resource reports over the next two years.

Following a positive approvals process during August and September, DTM successfully mobilised a drill rig and commenced the first cored hole, CBADD001, adjacent to the historic Banshee Antimony workings.

Dart Mining NL (ASX:DTM) has reported to the ASX that the first drill hole intersected a 0.6-metre zone containing very high levels of Stibnite – the world’s leading source of Antimony – at a depth of 42 metres. A second stibnite-rich zone was also encountered at 70 metres. Laboratory assay results are expected in early November.
A program of 2,000m of HQ diamond drilling is planned through to the end of 2025, early core samples showing promising visual mineralisation, with assay results to follow in the coming months.

In parallel, an IP (Induced Polarisation) survey—funded by GDM’s $181,577 Collaborative Exploration Initiative (CEI) grant from the Queensland Government—has also commenced to map potential strike and depth extensions of this high-grade antimony-gold system. Survey interpretation and reporting will follow completion in October.

“The Coonambula JV highlights our strategy of advancing prospective projects through strong partnerships,” said Chief Executive Officer, Justin Haines, “Dart Mining has moved swiftly to secure approvals and begin both drilling and geophysical surveys.”

“The first core looks highly encouraging, and we look forward to sharing results as they become available,” Haines went on.

“The commencement of drilling and geophysical work at Coonambula further strengthens GDM’s pipeline of gold and critical metal projects, alongside the recommissioning of the Challenger Gold Mine and exploration at Coonambula, Yellow Jack, and Cape, “ Haines said.

“It’s indeed a delight to be working with such a professional, proficient and proactive Joint Venture partner as Dart,” smiles Haines.

ENDS