• GDM's subsidiary GYPL signs binding term sheet with NMR to undertake joint due diligence and form unincorporated joint venture
• GYPL responsible for mining and delivering ore, NMR responsible for processing and selling
• Profits to be equally shared after each participant's costs repaid

Great Divide Mining Ltd (ASX:GDM) has announced that its wholly owned subsidiary, GDM Yellow Jack Pty Ltd (GYPL), has entered into a binding term sheet with Native Mineral Resources Holdings Limited (ASX:NMR) to form a joint venture to extract gold ore from GYPL's Yellow Jack Site, process it at NMR's Blackjack Mill, and sell the gold. Under the agreement, GYPL will be responsible for mining and delivering the ore to the Blackjack Mill, while NMR will be responsible for processing and selling the gold. Profits will be equally shared after each participant's costs have been repaid. The joint venture will be overseen by a Joint Venture Committee. The agreement represents a material advancement in GDM's Yellow Jack Project and is consistent with the company's strategic plan to progress from explorer to explorer-miner-producer. GDM will retain and continue to allocate funds for the operation of its other projects, including the Adelong Venture, Cape, and Devils Mountain. The potential transaction is an opportunity for GDM to accelerate development and mining works at the Yellow Jack Project while derisking its recovery of costs.

GDM intends to move quickly to finalise mining and environmental studies and mining lease application at the Yellow Jack prospect. Following the award of the Mining Lease and suitable environmental authorities, GDM will commence mining.