RE: Explorer to Producer31 Jul 2024 11:37
Great Western Mining* (GWMO LN) 0.05p, Mkt Cap £4m – Processing mill begins initial operations
• Great Western Mining’s environmental permit becomes effective today.
• This enables their JV precious metal processing mill to begin gravity separation of stockpiled spoil heaps and tailings.
• The Company will now file the second permit for chemical leaching.
• Now that the permit has become effective, the mill can begin testing for optimal recoveries.
• GWM will now begin bulk transportation arrangements.
Conclusion: Great Western’s processing mill permit becomes effective today, marking a pivotal moment for the Company’s route to cashflow generation. The team will now begin testing to optimise the mill for maximum recoveries, whilst also beginning the permitting process for the leaching stage of the mill. SP Angel act as Broker to Great Western Mining, an SP Angel Analyst has visited Great Western’s Nevada claim blocks.