Breathing new life into Australia's forgotten gold mines is exactly what Great Divide Mining is mastering. CEO Justin Haines joins us to reveal the company's remarkable journey from IPO to imminent gold producer in under two years – a timeline that defies the industry's typical seven-year development cycle.
At the heart of Great Divide's strategy is a refreshingly practical approach: why spend millions searching for gold in untouched areas when you can revitalise sites where gold has already been discovered? Their flagship Challenger Gold Mine exemplifies this philosophy perfectly. With existing infrastructure, environmental approvals, and community relationships already in place, the team has fast-tracked the restart process and stands on the cusp of their first gold pour – a milestone that will automatically increase their stake from 15% to 51%.
The conversation takes us deep into the company's exploration successes at Devil's Mountain, where cutting-edge LiDAR technology has revealed over 480 historical workings spanning several kilometres. Rather than viewing these old diggings as depleted resources, Justin explains how the limitations of early miners – who could only extract shallow deposits – have left behind significant untapped potential perfect for modern mining methods.
Whether you're an investor interested in emerging producers or simply fascinated by innovative approaches to resource development, this episode offers valuable insights into how brownfield mining is changing the game. Subscribe to ASX Briefs for more conversations with the leaders transforming Australia's resource landscape.
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