Great Southern Fires up Rig for WA Gold Drilling Blitz

Why It Matters

Successful extensions at Mon Ami could lift Great Southern’s gold reserves and market valuation, reinforcing its position in the prolific Laverton gold belt while demonstrating a self‑funded growth strategy.

Key Takeaways

• 3,000 m RC drill at Mon Ami starts three‑week program
• Mon Ami resource: 55,500 oz gold at 1.11 g/t
• Drill targets extensions north of resource and Barnicoat Shear
• Funding secured via $4.6 M equity placement; $5.6 M cash

Pulse Analysis

Western Australia’s gold corridor has long attracted junior miners seeking high‑grade discoveries, and Great Southern Mining is positioning itself at the heart of that activity. After acquiring the Duketon tenements in 2021, the company now controls a suite of projects that sit near established operations such as Genesis Minerals’ Barnicoat and Ida H mines. The region’s structural geology—particularly the Barnicoat Shear—has proven to host multiple gold shoots, making it a prime target for exploration firms that can mobilize rapid drilling campaigns.

The Mon Ami program represents Great Southern’s most aggressive drilling push to date. With a JORC‑2012 resource of 55,500 ounces at 1.11 g/t, the project already delivers a solid baseline, but historic intercepts of up to 25.1 g/t hint at higher‑grade pockets. By drilling 3,000 m over three weeks, the company aims to delineate extensions north of the current resource and test the shear‑controlled zones that have yielded gold at neighboring deposits. Early results could expand the resource footprint, improve grade averages, and provide critical data for a future resource upgrade.

Financially, the initiative is underpinned by a $4.6 million equity raise completed in early June, leaving Great Southern with $5.64 million in cash—ample runway to finish Mon Ami work and transition the rig to the Duketon discoveries at Golden Boulder and Amy Clarke. Investors will watch the drill results closely, as a successful outcome could trigger a re‑rating of the company’s valuation and attract additional capital. Moreover, the self‑funded nature of the campaign underscores a disciplined capital strategy, reducing reliance on external financing and positioning Great Southern to capitalize on any upside from the Laverton gold belt.