Latest news with #MatthewKeane

The Age
21-07-2025
- Business
- The Age
Great Southern sells mining licence in $9 million WA gold belt deal
Gold explorer Great Southern Mining has locked in a blockbuster $9 million deal with heavyweight Regis Resources to sell its Southern Star mining licence in Western Australia's Duketon Greenstone Belt while forging a strategic alliance to unlock the region's untapped riches. The deal sees Regis take full control of the mining licence hosting the Southern Star gold prospect, which is just 3.5 kilometres south of the company's operating 390,000 gold-ounce Ben Hur open pit. Regis has forked out an upfront $4 million payment in cash, with up to $5 million more on the table, depending on future gold price movements and resource milestones. It's not hard to see why. Drilling at Southern Star has previously returned some hefty hits, including 68 metres at 1.9 grams per tonne (g/t) gold from 61m and 59m at 2.1g/t gold from 53m, proving the prospect's potential to deliver near-surface ounces. 'This transaction is beneficial for both Great Southern Mining and Regis.' Great Southern Mining managing director Matthew Keane The transaction is structured across three stages - the $4 million upfront payment is just a starter. Stage two includes a further $3 million in cash pegged to gold price levels when mining begins, ranging from $1 million at a $4000 per ounce gold price to a full $3 million if the price stays above $5000 per ounce. With the gold price currently trading at $5157 per ounce, Great Southern could well be in for the full payout. Stage three unlocks an additional $2 million if Regis declares a JORC-compliant reserve greater than 150,000 ounces of gold at the Southern Star prospect. Great Southern Mining managing director Matthew Keane said: 'This transaction is beneficial for both Great Southern Mining and Regis. It delivers a strong capital boost to fund aggressive exploration across GSN's highly prospective Duketon tenure, most of which remains underexplored. Meanwhile, Regis is perfectly positioned to leverage the near-term development upside from Southern Star. It's a deal that creates immediate value and sets the stage for new discoveries in the Duketon Belt.'

Sydney Morning Herald
21-07-2025
- Business
- Sydney Morning Herald
Great Southern sells mining licence in $9 million WA gold belt deal
Gold explorer Great Southern Mining has locked in a blockbuster $9 million deal with heavyweight Regis Resources to sell its Southern Star mining licence in Western Australia's Duketon Greenstone Belt while forging a strategic alliance to unlock the region's untapped riches. The deal sees Regis take full control of the mining licence hosting the Southern Star gold prospect, which is just 3.5 kilometres south of the company's operating 390,000 gold-ounce Ben Hur open pit. Regis has forked out an upfront $4 million payment in cash, with up to $5 million more on the table, depending on future gold price movements and resource milestones. It's not hard to see why. Drilling at Southern Star has previously returned some hefty hits, including 68 metres at 1.9 grams per tonne (g/t) gold from 61m and 59m at 2.1g/t gold from 53m, proving the prospect's potential to deliver near-surface ounces. 'This transaction is beneficial for both Great Southern Mining and Regis.' Great Southern Mining managing director Matthew Keane The transaction is structured across three stages - the $4 million upfront payment is just a starter. Stage two includes a further $3 million in cash pegged to gold price levels when mining begins, ranging from $1 million at a $4000 per ounce gold price to a full $3 million if the price stays above $5000 per ounce. With the gold price currently trading at $5157 per ounce, Great Southern could well be in for the full payout. Stage three unlocks an additional $2 million if Regis declares a JORC-compliant reserve greater than 150,000 ounces of gold at the Southern Star prospect. Great Southern Mining managing director Matthew Keane said: 'This transaction is beneficial for both Great Southern Mining and Regis. It delivers a strong capital boost to fund aggressive exploration across GSN's highly prospective Duketon tenure, most of which remains underexplored. Meanwhile, Regis is perfectly positioned to leverage the near-term development upside from Southern Star. It's a deal that creates immediate value and sets the stage for new discoveries in the Duketon Belt.'

Sydney Morning Herald
24-04-2025
- Business
- Sydney Morning Herald
Great Southern scores more high-grade hits in latest WA drill program
Great Southern Mining has assayed 3 metres at 2.55 grams per tonne (g/t) gold from 33m, including 1m at 6.48g/t gold, in the final results from the company's February reverse circulation drilling program at its Golden Boulder East trend, within its Duketon project in Western Australia. The hole included a separate intercept of 2m at 1.81g/t gold from 42m. A second hole probed 1m assaying 1.02g/t gold from 53m and 2m at 1.42g/t gold from 60m. Three other holes drilled on the company's Golden Boulder Main trend delivered 2m at 2.10g/t gold from 18m, 1m at 1.16g/t gold from 69m and 1m at 1.70g/t gold from 81m, and 2m at 1.60g/t gold from 24m, respectively. In late March, the company reported two emphatic hits from Golden Boulder, with one hole intercepting 4m at 2.03g/t gold from 24m, including 2m at 3.5g/t gold, while a separate 5m intercept in the same hole delivered 14.57g/t gold from 41m, including 1m at a sizzling 70.94g/t. A second previously reported hole bored out 1m at 2.20g/t gold from 61m, 1m at 1.05 g/t gold from 88m and 2m at 12.56g/t gold from 99m, including 1m at a respectable 18.21g/t gold. 'This latest round of drilling at the Golden Boulder prospect has highlighted continuity of mineralisation and a propensity for shallow, high grade gold intercepts.' Great Southern Mining managing director Matthew Keane Last month's two high-grade results and Great Southern's latest 1m at 6.48g/t result confirm that good grades can be found in the system. These appear to occur within envelopes carrying lower but still significant grades. Great Southern may see this as particularly encouraging considering the current gold climate, where the yellow metal is running at $5282 per ounce, which translates to a once unbelievable $169 per gram gold. Golden Boulder includes three parallel trends, the Main line, Eastern line and Ogilvies, which form part of a distinct north-south structural corridor offering abundant evidence of gold mineralisation in multiple nearby and often significant deposits.

The Age
24-04-2025
- Business
- The Age
Great Southern scores more high-grade hits in latest WA drill program
Great Southern Mining has assayed 3 metres at 2.55 grams per tonne (g/t) gold from 33m, including 1m at 6.48g/t gold, in the final results from the company's February reverse circulation drilling program at its Golden Boulder East trend, within its Duketon project in Western Australia. The hole included a separate intercept of 2m at 1.81g/t gold from 42m. A second hole probed 1m assaying 1.02g/t gold from 53m and 2m at 1.42g/t gold from 60m. Three other holes drilled on the company's Golden Boulder Main trend delivered 2m at 2.10g/t gold from 18m, 1m at 1.16g/t gold from 69m and 1m at 1.70g/t gold from 81m, and 2m at 1.60g/t gold from 24m, respectively. In late March, the company reported two emphatic hits from Golden Boulder, with one hole intercepting 4m at 2.03g/t gold from 24m, including 2m at 3.5g/t gold, while a separate 5m intercept in the same hole delivered 14.57g/t gold from 41m, including 1m at a sizzling 70.94g/t. A second previously reported hole bored out 1m at 2.20g/t gold from 61m, 1m at 1.05 g/t gold from 88m and 2m at 12.56g/t gold from 99m, including 1m at a respectable 18.21g/t gold. 'This latest round of drilling at the Golden Boulder prospect has highlighted continuity of mineralisation and a propensity for shallow, high grade gold intercepts.' Great Southern Mining managing director Matthew Keane Last month's two high-grade results and Great Southern's latest 1m at 6.48g/t result confirm that good grades can be found in the system. These appear to occur within envelopes carrying lower but still significant grades. Great Southern may see this as particularly encouraging considering the current gold climate, where the yellow metal is running at $5282 per ounce, which translates to a once unbelievable $169 per gram gold. Golden Boulder includes three parallel trends, the Main line, Eastern line and Ogilvies, which form part of a distinct north-south structural corridor offering abundant evidence of gold mineralisation in multiple nearby and often significant deposits.