Great Divide Mining Ltd. has re-confirmed a substantial 169,700-ounce JORC-compliant mineral resource across its Adelong gold project in New South Wales, underpinning the company’s transition into an operational gold producer.
Independent geological consultancy GeoRes restated the mineral estimates across four key deposits within the project area, Challenger, Currajong, Caledonian, and Donkey Hill.
The updated consolidated resource stands at approximately 1.55 million tonnes, grading at a high 3.41 grams per tonne (g/t) gold.
The company said 55 per cent of the contained gold, or approximately 92,500 ounces, sits in the higher-confidence Measured and Indicated categories. The Challenger deposit remains the cornerstone asset of the project, accounting for 80,300 ounces at an average grade of 3.77 g/t gold.
GDM acquired the project via its takeover of Challenger Gold Mines in February, targeting established brownfield goldfields with existing processing infrastructure and historical production.
The broader Adelong Goldfield has historically yielded around 380,000 ounces of gold from underground operations, including 130,000 ounces extracted from the 1.4-kilometre Old Hill Line.
The mine is currently operational, with 100 per cent of its present gold production pre-sold.
Great Divide Mining CEO Justin Haines said the resource restatement validates the miner’s brownfield acquisition strategy.
“When we established GDM, we were very deliberate about pursuing a brownfield strategy — acquiring projects in proven mining districts where the geology, infrastructure and mining history could give us a genuine head start,” Haines said.
“In just six months since completing the acquisition of Challenger, and less than three years from listing, GDM has achieved what very few junior gold companies have demonstrated — a substantial high-grade Mineral Resource alongside operating cash flow.”
Haines added that the 169,700-ounce resource provides a solid foundation to scale operations at Challenger while systematically testing broader regional exploration targets across the Adelong tenure.
