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Nevada-focussed gold, silver and copper explorer and developer Great Western Mining said in an operational update on Thursday that construction and commissioning of its production mill was taking place in the first half.
The AIM-traded firm said assay results from 2022 drilling at Trafalgar Hill confirmed its potential, while follow-up drilling was planned for Mineral Jackpot and Omco,
It also said positive leads with regards to copper potential had emerged from its desktop work in the third quarter of 2022, while a review of data indicated rare earth elements potential at M2.
“The company has made great strides over the last year and we look forward to building on this momentum in 2023,” said chairman Brian Hall.
“We expect to commission the processing mill in the first half of 2023 and we have an ambitious programme of exploration to follow up on successful drilling results achieved over the last two years.
“The transition into a revenue-generating precious metals producing entity, underpinned by an exceptional portfolio of assets, will be a significant milestone for the company.”
Hall said the firm had a targeted work programme in place for the coming year, on which it expected to deliver, pending developments, during the period.
“We believe that the company provides a well-balanced blend of production and exploration across a variety of metals at the same time as a number of catalysts for a potential rerating.”
At 1558 GMT, shares in Great Western Mining Corporation were down 6% at 0.13p.
Reporting by Josh White for Sharecast.com.
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