GGG merger on track as drilling continues at Bullabulling
GGG Resources, the Australia focused gold company, says drilling at its 50% owned Bullabulling site near Perth has produced better than estimated results.
GGG Resources, the Australia focused gold company, says drilling at its 50% owned Bullabulling site near Perth has produced better than estimated results.
A total of 565 holes have so far been dug, most of which have encountered four mineral intersections. Approximately 60% of the intersections are better than estimated by the firm's working model, 34% are similar and 6% are worse or missing.
In addition, the company's merger with Auzex Resources (which owns the other 50% of Bullabulling) is going according to plan, with Auzex now awaiting shareholder approval (and a nod from the courts).
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The merger will see both companies coming together under the Bullbulling Gold name.
Shares in GGG were up 7.5% by 12:20pm.
BS
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
-
Bitcoin price one of the most-asked questions on Alexa - here's how to buy the cryptocurrency
According to figures from Amazon, which cover September 2023 to November 2024, pop star Taylor Swift and Bitcoin were named among the most popular Alexa queries of 2024
By Chris Newlands Published
-
Investing for children this Christmas – five ideas
It might not come with a shiny ribbon, but an investment fund could be the gift that keeps on giving. We share five ideas if you are investing for children this Christmas.
By Katie Williams Published