PRESS RELEASE: GDM Delivers First Gold and Strengthens Position Across Entire Portfolio

Latest Press Release

Great Divide Mining Ltd (ASX:GDM) has delivered another milestone quarter of growth, achieving its first gold pour at the Challenger Gold Mine in Adelong, NSW – achieving the Company’s promised transition from explorer to producer.

GDM increased its ownership in Challenger Mines Pty Ltd to 51% following “Second Completion” under the Adelong Venture agreement, securing majority control of this historical producing asset.

GDM has demonstrated gravity-based processing using recycled water and no chemicals, demonstrating GDM’s practical commitment to sustainable operations.

“The journey from IPO to first gold in under two years demonstrates GDM’s capability , focus and pace,” said CEO Justin Haines.

“The first Annual Plan for Challenger targets up to 500 oz per month of gold concentrate, with staged expansion toward 20,000 oz per annum,” he said.

During the period, GDM also strengthened its capital base through an oversubscribed $1.335 million convertible note raising, with proceeds directed to mine optimisation, equipment upgrades, and continued exploration across Queensland and New South Wales.

“Looking ahead,” said Haines, ”GDM aims to ramp up to commercial production levels at Challenger through optimisation and expansion, advance exploration across our Coonambula, Devils Mountain and Cape projects and continue strengthening ESG performance, Joint Venture and Community partnerships.”

“So whilst Challenger has naturally been front and centre this quarter, we’ve also been funding and advancing meaningful work across our other tenements. We look forward to reporting further progress in detail next quarter,” said Haines.

ENDS

Media Contacts:

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

Attachments:

Chemical-free-separation-of-Gold-using-only-recycled-water-and-gravity.png

October 31, 2025/by Reland Pigte

About Great Divide Mining

For further information: Justin Haines, CEO e [email protected] m +61 (0)418 876 420 Great Divide Mining Ltd (ASX: GDM) Great Divide Mining is an Australian 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.

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.