PRESS RELEASE: GDM Completes Stage 1 Farm-in at Challenger Mine, Adelong

Latest Press Release

Great Divide Mining has announced that the historic Challenger Mine has moved one step closer to production.

Following extensive, and hands-on due diligence, completed on January 23rd, Definitive Agreements were signed on March 12.

“The next step then,” said CEO Justin Haines “is to re-start the processing plant and get ready for our first gold pour.”

“GDM have invested over $300,000 completing maintenance and repair work at the Challenger processing plant and mine site.” he said, “We’ve restarted, and test run each piece of equipment in the processing circuit.”

“Next step then, is to get it all operating together,” he said, “A successful operating mine requires a carefully choreographed, complete, series of integrated and sequential processes, which when done right, result in the production of gold … the profitable production of gold.”

GDM has met the conditions to earn its’ initial stake of 15% in Challenger, has appointed 2 Directors to the Board of Challenger Mines Pty Ltd and is now the Manager of the joint venture manager.

”The processing plant will use recycled water-based gold extraction” said Haines ,”we won’t be using any toxic chemicals to extract the gold, a big win for the Adelong community and the environment.”

“We’ve also given the whole site a bit of a ‘spit and polish’ as well,” said Haines , “a fresh coat of paint, re-graded the roads and drains, a general tidy up and even mowed the grass.”

“But … I still can’t wait for that first Gold Pour!”

Media Contacts:

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

Attachments:

Challenger-processing-plant-Adelong-.-ready-for-re-start.jpg

April 1, 2025/by Reland Pigte

About Great Divide Mining

Great Divide Mining Ltd (ASX: GDM) Great Divide Mining is a Gold, Antimony and critical metals miner, explorer and developer with five projects across 17 tenements (including two in application). GDM’s focus is on operating producing assets within areas of historical mining and past exploration with nearby infrastructure, thus enabling rapid development. Through a staged exploration and development programme, GDM intends to generate cash flow from its initial projects to support further exploration across its portfolio of highly prospective tenements. Recommissioning of previously mined sites delivers significant reduction in exploration cost and risk whilst ensuring 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 has completed Due Diligence on the CMPL assets, and being satisfied with the results, has executed binding agreements, has acquired a 15% holding in CMPL and is now the manager and operator of CMPL. Contact: Justin Haines, CEO e [email protected] m +61 (0)418 876 420

TERMS OF USE

By sending a press release and/or signing up for a subscription of our service Get The Word Out, you agree to the following terms of use, limitations, quality policy and fair use policy. Get The Word Out reserves the right to suspend or delete your account if any of the terms below are believed not to have been adhered to. Get The Word Out reserves the right to delete any content that does meet the following terms and policies.

1. Accuracy

By using Get The Word Out, you agree to only publish information that you know to be true and accurate. You are solely responsible for the facts and accuracy of all information submitted by you for distribution by Get The Word Out. Get The Word Out will make reasonable efforts to correct any error of fact brought to its attention.

2. Acceptable content

You agree to only submit content that might be classified as a “news announcement”. That is: it is a new event or statement related to the company or organisation that the release is being submitted under. You agree not to use Get The Word Out to distribute how-to articles, generally-information articles, whitepapers, or opinions. You must not submit content that infringes on copyright or the proprietary rights of a third party, or is unlawful or offensive. Releases must adhere to professional standards and may be deleted if they do not. You acknowledge that we reserve the right to edit your release's headline, subject and body text to ensure it is appropriate, relevant and suitable for the purpose.

3. Attribution

You agree to submit content only on behalf of the organisation that the release is being submitted under. Content that may be considered misleading in terms of who the material is being submitted by, or in terms of who the content is related to should not be posted and may be deleted or edited. When submitting a release you must be the owner of the email that is being used to send emails via Get The Word Out.

4. Categorisation

You agree to categorise content only under those categories that are relevant to the content. In general, we advise attempts to categorise content under more than five categories will lead to that content being reviewed and possibly removed. You acknowledge that we reserve the right to edit release's tags to ensure your release is sent only to relevant people.

5. Linking and fair-use

You agree not to add more than one link to a website in any press release. Over-linking solely for Search Engine Optimisation purposes is not allowed and is advised against due to penalties that may be associated with over-linking. And our gremlins will hunt down over-linking and delete such transgressions.

Inquiries concerning any Get The Word Out content including text, photos, video, audio and other content, or that may be related to the use of the Get The Word Out service should be addressed to The Director, Digitaliyf Pty Ltd of PO Box 3045, Newstead, 4006 Australia.