Completion of Peak Hill Acquisition

• Great Boulder has completed the acquisition of the Peak Hill Gold Project from Westgold Resources
• Peak Hill hosts a JORC 2012 Mineral Resource Estimate of 9.4Mt @ 1.6g/t Au for 481,000oz gold
• The company plans to commence 40,000m of drilling at Peak Hill in the next six months
• Great Boulder has strong funding with $25 million cash and a high-quality share register
• Ore Purchase Agreement with Westgold provides a 'capital light' production environment

Great Boulder Resources (ASX: GBR) has successfully completed the acquisition of the Peak Hill Gold Project from Westgold Resources, enhancing its portfolio with a new gold project in Western Australia's Murchison Goldfield. The acquisition was strongly supported by existing shareholders and new investment from institutional funds. Peak Hill hosts a JORC 2012 Mineral Resource Estimate of 9.4Mt at 1.6g/t Au for 481,000oz gold, with potential for further growth. Great Boulder plans to commence 40,000m of drilling at Peak Hill in the next six months, aiming for a resource update and capital-light production under its Ore Purchase Agreement with Westgold. The company also continues drilling at its Side Well Gold Project, with 20,000m of drilling planned. Great Boulder's Managing Director, Andrew Paterson, emphasized the potential for rapid resource growth and the company's focus on moving quickly into feasibility studies and approvals.

40,000m drilling program planned at Peak Hill for the next six months

Great Boulder Resources aims to rapidly grow the 481,000oz Resource at Peak Hill and is focused on being mining-ready as soon as possible.