Quarterly Activities/Appendix 5B Cash Flow Report

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Stock Great Boulder Resources Ltd (GBR.ASX)
Release Time 30 Oct 2025, 10:20 a.m.
Price Sensitive Yes
 Quarterly Activities/Appendix 5B Cash Flow Report
Key Points
  • Great Boulder completed over 26,000m of drilling at Side Well during the quarter
  • Drilling intersected additional high-grade veins at Eaglehawk
  • The recent Side Well South discovery continued to grow with two broad zones of gold mineralisation
Full Summary

Field work at the Company's flagship Side Well Gold Project continued to accelerate during the September quarter, with over 26,000m of drilling completed. This is the by far the busiest quarter in the Company's history in terms of metres drilled. Mining approvals work at Ironbark was ongoing throughout the quarter while drilling prioritised resource definition work in preparation for the upcoming Mineral Resource Estimate (MRE) update. Regional AC drilling also began testing a range of targets across the northern half of the project, including several prospective zones highlighted by an induced polarisation (IP) survey completed during the June quarter. In September the Company announced an unsolicited $5 million placement to a small group of institutional investors headed by Tribeca Investment Partners. The placement was priced at 6.75c, which was approximately in line with the 15-day VWAP at the time of 6.77c. These funds will be used to further accelerate the Company's growth focus, with drill planning underway to finalise targets for AC and RC drilling through the December quarter and into 2026. At the end of September the Company had a cash balance of $16.26 million.