Great Western Mining Corp PLC - gold, silver and copper project developer focused in Nevada, US - Narrows loss in 2021 to EUR535,960 from EUR852,042. Net assets at year-end increase by 11% to EUR9.3 million from EUR8.4 million. Reports no revenue, in line with the previous year. Calls the year busy, productive and successful despite the restrictions caused b the pandemic.
Chair Brian Hall says: "In 2021 we launched our first drilling campaign expressly for gold and silver with highly encouraging results at both the Rock House Group, never previously drilled or exploited, and the Olympic Gold Project, over which we acquired a purchase option in 2020. This was a very busy period for the Company, during which we made significant progress across our portfolio."
So far in 2022, company completes a road upgrade to Mineral Jackpot, giving access for drill rig and spoil heap recovery. Adds sampling results from Mineral Jackpot indicate broad distribution of mineralised material.
Current stock price: 0.12 pence, down 1.2%
12-month change: down 50%
By Heather Rydings; heatherrydings@alliancenews.com
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Great Western (GWMO)