Great Western Mining Corporation (CDI)
GWMO · AIM · Basic Resources · mcap £13m · 2.8p 3 open situations →
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Pine Crow-Defender tungsten exploration
Defender-Pine Crow tungsten exploration has run since January 2026, with trenching, a gravity survey, mapping, 92.98% tungsten recovery in flotation tests and a completed 23-hole drill programme. Assays and a maiden MRE are awaited. On 1 Oct 2026 the Company appointed John Arthur as CFO, citing his financing experience for the push towards the MRE.
- Trenching
- Four new machine-cut trenches completed; samples submitted for assay
- Metallurgy
- 92.98% tungsten recovered into 7.21% WO₃ rougher concentrate from 0.35% WO₃ feed
- Target
- Maiden resource estimate by end of Q4 2026
- Drilling
- 23 holes completed at Defender 1 Oct 2026 ↗
- Competent Person
- Addison Mining Services, geologist on site during drilling
- Funding
- Cash €2.77m at 30 June 2026; company says fully funded for 2026 programme 1 Oct 2026 ↗
Next: Drill assays and maiden Mineral Resource Estimate
- 1 Oct 2026 Drilling complete; assays awaited; new CFO in place
- 25 Sep 2026 Drilling complete; assays awaited
- 1 Jun 2026 Pre-drill work done; permitting pending
- 29 May 2026 Drilling contractor secured; mapping and gravity under way
Eastside-Tango option to KGHM
Option signed in May 2026 lets KGHM earn 100% of Eastside-Tango over time. The half-year report says KGHM's involvement removes Great Western's further financial exposure and leaves long-term royalty upside, so the company can focus on tungsten.
- Partner
- KGHM Polska Miedz S.A.
- Company view
- Removes further financial exposure, long-term royalty upside
- 25 Sep 2026 Option signed; KGHM funds future work
- 29 May 2026 Option signed; KGHM can earn 100% over time
- 28 May 2026 Option agreement signed; six-year option period
Cantor Fitzgerald Europe selling down
Next: 4.69% still held
- 20 Aug 2026 4.69%
- 9 Jun 2026 6.03%
- 27 Apr 2026 6.97%
- 2 Mar 2026 7.62%
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Company filings. Not investment advice.