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great western exploration lt (GTE) Snapshot

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01/31/14 - A$0.12
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great western exploration lt (GTE) Details

Great Western Exploration Limited explores and develops mineral properties in Australia. It primarily explores for copper, gold, and nickel deposits, as well as base metals. The company owns interests in the Doolgunna project covering an area of approximately 1,300 square kilometers located to the north of Wiluna; the Cunyu project that covers an area of approximately 830 square kilometers located to the northwest of Wiluna; the Paroo project covering an area of approximately 1,550 square kilometers located to the northwest of Wiluna; and the Millrose project, which covers an area of approximately 350 square kilometers located to the northeast of Wiluna, Western Australia. It also owns interest the Mt Gibb Nickel project covering an area of approximately 170 square kilometers located in the Forrestania district, Western Australia. The company was incorporated in 2007 and is based in Subiaco, Australia.

great western exploration lt (GTE) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$311.3K
Company Secretary
Total Annual Compensation: A$137.5K
Compensation as of Fiscal Year 2014.

great western exploration lt (GTE) Key Developments

Great Western Exploration Limited, Annual General Meeting, Nov 25, 2014

Great Western Exploration Limited, Annual General Meeting, Nov 25, 2014., at 12:00 E. Australia Standard Time. Location: The CWA Club.

Great Western Exploration Limited Provides Updates on Cunyu Project

Great Western Exploration Limited has identified exciting new areas prospective for nickel and gold at the Cunyu Project. Potential for approximately 30 km strike of unexplored Wiluna greenstone belt that is highly prospective for nickel and gold. Previous drilling intersected ultramafic rocks containing nickel sulphides. Heritage survey completed for phase 1 drilling at Cunyu Potential for 240 km2 of unexplored Wiluna greenstone belt highly prospective for nickel and gold under shallow cover. Shallow RC drilling intersected mafic & ultramafic near the surface Diamond hole intersected ultramafic containing nickel sulphide 7,100,000 m 12 September 2014. At the Cunyu Project when combining the regional geological mapping, gravity data and the limited historical drilling there is compelling evidence that the Wiluna greenstone belt continues under cover and extends through to the project area. Recent gravity data has defined a 30 km x 8 km (240 km2) area co-incident with historic drilling that has intersected Archaean greenstone. The area is directly along strike of the Wiluna Mine Centre (>5 Moz Au) and the company considers this to be the continuation of the Wiluna greenstone belt. Previous drilling and detail petrology analysis has confirmed Archaean mafic & ultramafic sequences including a sample with abundant nickel sulphide mineralization indicating the sequence is highly prospective for nickel.

Great Western Exploration Limited Appoints Terrence R. Grammer as a Non-Executive Director

Great Western Exploration Limited announced the appointment of Mr. Terrence Grammer, to its Board as a Non executive Director. Mr. Grammer is currently Non-Executive Director of Sirius Resources Limited and Non-Executive Chairman of Kin Mining NL. Mr. Grammer was also Chairman of South Boulder Mines Limited from 2008 through to 2013 where he helped guide the company through the discovery, development and funding of the Colluli potash deposit in Eritrea. In June 2010 Mr. Grammer joined the Board of Sirius Limited that subsequently went on to make the Nova discovery that has transformed that company and will likely become a significant nickel producer in the near future.


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Price/Sales 163.8x
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