• Acquisition of 100% interest in the Peak Hill Gold Project, a historic high-grade production centre
• Peak Hill hosts a JORC 2012 Mineral Resource of 9.4Mt @ 1.6g/t Au for 481,000oz
• Potential to significantly increase the known gold endowment with extensive exploration opportunities

Great Boulder Resources Ltd (ASX: GBR) has entered into a binding agreement to acquire 100% of Westgold's interest in the Peak Hill Gold Project in Western Australia. The Peak Hill Gold Project is an historic high-grade production centre with past production in excess of 900,000oz, four historic open pit mines and seven granted mining leases. The project hosts a JORC 2012 Mineral Resource Estimate of 9.4Mt @ 1.6g/t Au for 481,000oz. Great Boulder considers Peak Hill to be extremely prospective, with potential to significantly increase the known gold endowment as well as numerous near-mine and brownfields exploration opportunities. As part of the acquisition, Great Boulder and Westgold have entered into an Ore Purchase Agreement to process ore at one or more of Westgold's three mills in the region, focused on a capital-light, near-term production model. The companies have also formed a Non-Binding Strategic Collaboration to evaluate options that could fast-track Great Boulder's 1Moz Side Well Gold Project. Great Boulder intends to complete a combined 60,000 metre, multi-rig drilling campaign at both projects over the next six months and aims to deliver an updated Mineral Resource Estimate at Peak Hill within 6 months.

Great Boulder aims to have Peak Hill in 'Mining-Ready' status under the Ore Purchase Agreement within 12 months of completion.

Great Boulder is well-funded with $25 million cash at bank following the acquisition and placement, and plans to execute aggressive drilling campaigns and progress pre-production activities over the next 6-12 months.