• Continued exploration at Yule and Southern Cross East Projects in Western Australia
• Appointment of Peter Williams as new Chairman to strengthen board capabilities
• Actively evaluating new exploration and mining opportunities to expand portfolio

Golden State Mining Limited (ASX: GSM) has provided an update on its activities for the March 2026 quarter. The company continues to focus on exploration at its Yule and Southern Cross East projects in Western Australia, with applications for mining tenements at both projects progressing. The company has also been actively evaluating its existing assets and searching for new exploration and mining opportunities beyond its current portfolio, utilizing the board's industry expertise. During the quarter, the board appointed Peter Williams as the new Chairman, bringing significant industry experience and expertise aligned with the company's strategy of acquiring advanced base metal projects. The company ended the quarter with a cash balance of $1.3 million and is maintaining fiscal discipline at its existing projects while pursuing new opportunities. The update also provides details on the exploration activities and challenges at the Yule and Southern Cross East projects, as well as the company's plans to review its exploration approach and seek new strategies to add value to its assets.

The company is actively identifying opportunities with understandable geology and a clear commercial pathway to realizing value for shareholders, focusing on projects that have completed high-quality prior exploration and are finance-worthy.