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ASX:GTE

Great Western Exploration Limited

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Great Western Exploration Ltd (ASX Code: GTE) is an ASX listed company incorporated 2007 based in Western Australia.

The Company has identified a 9km gold trend at its Yandal West project that is located within the world class Yandal gold belt 55km along strike to the north of Bronzewing (3.5 Moz) and 60 km south of Jundee (5 Moz).

The Company is also focusing on copper, cobalt and gold mineralisation in the under explored Proterozoic Basins located in the norther Yilgarn. Proterozoic basins are the source of 80% of the worlds metals and host the some of the largest deposits on the planet.

Yandal West

LOCATION AND OVERVIEW

The Yandal West gold project is located within the world class Yandal gold belt (fig 1), approximately 55km north of the Bronzewing gold deposit (3.5Moz) and 60km south of the Jundee gold mine (10Moz).

In 2017, Great Western acquired 100% of the Ives Find goldfield, as part of the Vanguard Exploration Limited (“Vanguard”) acquisition, and 80% of the Harris Find goldfield. This is the first time that both goldfields have been consolidated into one project. Previously the area had a long history of fragmented ownership that resulted in the lack of systematic exploration that it required and as a consequence very limited RC drilling was carried out.

(click here for more information on this project)


Yerrida North JV

LOCATION AND OVERVIEW

During 2017 Great Western signed a Farm-In Letter Agreement with Sandfire Resources NL to explore the northern Yerrida tenements currently owned by Great Western.

Sandfire may initially earn 70% by delineating at least 50,000 tonnes in-ground copper Mineral Resource with a minimum exploration spend of $1.7 million over three years and $500,000 of Sandfire shares upon the agreement becoming unconditional.

Exploration is to be carried out by Sandfire, which has one of Australia’s most successful exploration teams having discovered the nearby Degrussa and Monty VMS deposits. Sandfire also has significant infrastructure including a treatment plant at Degrussa, located approximately 25km north, which is within trucking distance of the project.


Yerrida South

LOCATION AND OVERVIEW

The Yerrida South project comprises the Yerrida tenements that Great Western retained 100% ownership after the Sandfire Farm-In Agreement.  The tenements are in the southern area of the Yerrida Basin where the Company believes the area is prospective for sedimentary hosted copper-cobalt-lead-zinc and VMS copper. The area includes the Chisel and Frustration Well prospects.

(click here for more information on this project)


Fairbairn

LOCATION AND OVERVIEW

The Fairbairn project area is located approximately 170 kilometres north of Wiluna and is situated on the Jenkins-Goodin Fault Zone.

Following a positive in-house review of the historical data that has identified a promising conceptual model for copper-cobalt mineralisation Great Western has greatly expanded the project to 1,377 km².

Great Western believes that Fairbairn has the potential to be a world-class base metal district that contains sedimentary hosted copper-cobalt, Mississippi style lead-zinc, porphyry copper and epithermal gold.

The Company is still compiling data and will be making further announcements about this project once this is complete.

 

 

Last updated 24th July 2019

Mr Kevin Somes
Chairman

Kevin is a Chartered Accountant (FCA) of 50 years and a founding partner of SomesCooke Chartered Accountants which specialised in auditing and advising mining and exploration companies.  Kevin’s career includes numerous business ventures spanning pearl farming , aquaculture, taverns and hotels, whiskey production and bakeries. Kevin is also actively involved with the local community as the President of the Claremont Football Club and a Rotarian (Paul Harris Fellow).


Mr Jordan Luckett
Managing Director

Over 25 years as a geologist in both exploration and mining throughout Australia, North America, West Africa and Central Asia. Jordan has held senior roles in highly successful resource companies, Delta Gold NL and Equigold NL, where he was involved in a number discoveries. He also led the team that made the Bulchina gold deposit while working with Battle Mountain.


Rimas Kairaitis
Non-Executive Director

Founder and head of Aurelia Metals for a decade, taking the explorer to a profitable gold and base metals producer with the Hera gold, lead and zinc mine in New South Wales.  Rimas also has a strong exploration track record, leading the geological field team to the discovery ofthe Tomingley and McPhillamy’s gold discoveries in 2001 and 2006 respectively.


Mr Terry Grammer
Non-Executive Director

One of Australia's most recognisable andsuccessful geologists. He was a co-founder of the hugely successful nickel miner Western Areas NL. In 2000 he was joint winner of the AMEC Prospector of the Year Award for his role in the discovery of the highly profitable Cosmos nickel deposit. He also joined the Board of Sirius Limited that went on to make the Nova nickel discovery.


Mr Ian Kerr
Field Manager

Ian has over 30 years involvement in the miningand exploration in WA as a prospector and through various corporate associations.


Mr Justin Barton
Company Secretary

Mr Barton is a Chartered Accountant with over 19 years experience in accounting, international finance, M&A and the mining industry. He worked for over 13 years in the Big 4 Accounting firms in Australia and Europe and advised many of the worlds leading mining, oil & gas companies and financial institutions, including Rio Tinto, Chevron, Macquarie, Merrill Lynch, Morgan Stanley and Deutche Bank. Justin also worked for 4 years at Paladin Energy Limited as Group Tax and Finance Manager and advised on their plant construction and mining operations in Africa and their expansion into Canada. More recently, he has worked as the CFO and been a Board Member of a number of junior exploration companies. Mr Barton is currently a Board member of Eneabba Gas Limited and Interposed Holdings Limited.

 

Last updated 24th July 2019

TELEPHONE: (08) 6311 2852
FACSIMILE: (08) 6313 3997
EMAIL: [email protected]

6 Outram Street
West Perth WA 6005
Australia

 

Last updated 24th July 2019

Directors

Mr K Somes - Chairman
Mr J A Luckett – Managing Director
Mr R Kairaitis - Non-Executive Director
Mr T R Grammer - Non-Executive Director
Mr. I Kerr - Field Manager

Secretary- Mr J Barton


Registered Office

6 Outram St
West Perth WA 6005
PO Box 8142, East Subiaco

Telephone: (08) 6489 0101
Facsimile: (08) 6313 3997


Share Registry

Computershare Investor Services Pty Limited
Level 11, 172 St Georges Terrace
Perth WA 6000 Telephone: 1300 787 272


Solicitors

Steinpres Paganin
Level 4, The Read Buildings
16 Milligan street, Perth WA 6000


Auditors

Bentleys
Level 3, London House
216 St Georges Tce
Perth WA 6000


Investor and Media Relations

Cannings Purple
Level 4, 11 Harvest Terrace
West Perth WA 6005
Andrew Rowell
Director of Investor Relations

Telephone: (08) 6314 6314
Email: [email protected]


Stock Exchange

The Company’s shares are listed by the Australian Stock Exchange Limited.
The home exchange is Perth.


ASX CODE: GTE

 

Last updated 24th July 2019