RE: Fully funded?25 Oct 2025 12:01
From RNS in April. Should get news soon on the mill
"Given the prevailing record price of gold, the absence of any other commercial milling operation in the locality and a number of recent approaches from other local claim owners with available material, the joint venture partners are planning to expand the Western Milling project. This will require some third-party financing and the introduction of a specialised mine engineering company with the relevant expertise and a proven track record to upscale the mill and bring it on to full commercial production.
The Company is in early-stage discussions with financing parties and has identified and received initial proposals from two mine engineering houses with the right qualifications to manage this phase and subsequently monitor commercial operations.
The Board of Great Western considers that third party financing and the introduction of a dedicated, specialist team for the project will accelerate the expansion of the mill's operational capacity to generate meaningful gold revenues without further recourse to shareholders for this purpose, enabling the Company to remain focused on its highly promising copper projects and gold exploration prospects."