Quarterly Activities/Appendix 5B Cash Flow Report
| Stock | Great Boulder Resources Ltd (GBR.ASX) |
|---|---|
| Release Time | 24 Apr 2026, 9:49 a.m. |
| Price Sensitive | Yes |
Quarterly Activities/Appendix 5B Cash Flow Report
- Over 38,000m of drilling completed at Side Well Gold Project, with focus on resource growth and deeper targets
- Deep drilling at Mulga Bill returned spectacular intersection of 1.93m @ 574.39g/t Au including 0.25m @ 4,434g/t Au
- Two new high-grade gold lodes discovered 90m west of Mulga Bill resource
Exploration continued at pace during the March quarter with three rigs drilling at the Company's flagship Side Well Gold Project at Meekatharra in WA. Over 38,000m of drilling was completed, with a focus on resource growth as well as deeper targets within the 3km-long Mulga Bill - Eaglehawk gold system. Deep drilling at the Mulga Bill deposit returned a standout intersection of 1.93m @ 574.39g/t Au including 0.25m @ 4,434g/t Au approximately 430m below surface and 200m below previous drilling in that area. The same program intersected two new zones of mineralisation 90m west of the Mulga Bill resource. At the Eaglehawk prospect, 20 RC holes were drilled for 3,750m during the quarter, including resource definition holes and holes testing the gap between Mulga Bill and Eaglehawk. Two diamond holes were also completed as part of the ongoing deep drilling program beneath Mulga Bill and Eaglehawk. Drilling at the Ironbark prospect returned further high-grade results, including 15.32m @ 8.85g/t Au from 125.35m. The Company also completed 214 AC holes for 23,357m across a number of targets. At the end of the quarter, Great Boulder remained well-funded with a cash balance of $12.0 million.
The Company did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.
The Company did not provide any forward-looking outlook statements in the announcement.