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RNS Number : 2330R Great Western Mining Corp. plc 05 June 2024
GREAT WESTERN MINING CORPORATION PLC
("Great Western", "GWM" or the "Company")
Result of Annual General Meeting
Great Western Mining Corporation PLC (AIM - GWMO, Euronext Growth - 8GW) which
is exploring and developing early-stage gold, silver and copper targets in
Nevada, announces that at its Annual General Meeting held today, all
resolutions were duly passed.
There were eight resolutions of which five were passed as Ordinary Resolutions
and three as Special Resolutions. Voting on all resolutions at the Annual
General Meeting was conducted by poll and the results are as follows:
Resolution For % Against % Vote Total Vote Total as % of Issued Share Capital Withheld*
1. To receive and adopt the accounts of the Company for the year ended 31 662,867,498 100.00 - - 662,867,498 9.34 1,588,800
December 2023
2. To authorise the Directors to appoint the auditor and fix remuneration 662,867,498 100.00 - - 662,867,498 9.34 1,588,800
3. To re-elect Brian Hall as Director 662,867,498 99.85 1,000,000 0.15 663,867,498 9.35 588,800
4. To re-elect Gemma Cryan as Director 663,867,498 100.00 - - 663,867,498 9.35 588,800
5. To alter the Rules of the Share Option Plan 2014 662,845,716 99.91 610,582 0.09 663,456,298 9.35 1,000,000
6. To increase the share capital of the Company 653,757,521 98.39 10,698,777 1.61 664,456,298 9.36 -
7. To authorise the Directors to allot relevant securities 653,757,521 98.39 10,698,777 1.61 664,456,298 9.36 -
8. To authorise the Directors to allot equity securities for cash 653,757,521 98.39 10,698,777 1.61 664,456,298 9.36 -
* A vote withheld is not a vote in law and is not counted in the calculation
of the proportion of votes "For" or "Against" a resolution.
For further information:
Great Western Mining Corporation PLC
Brian Hall, +44 207 933 8780
Chairman
Max Williams, Finance +44 207 933 8780
Director
Davy (NOMAD, Euronext Growth Listing Sponsor & Joint Broker)
Brian Garrahy +353 1 679 6363
SP Angel Corporate Finance LLP (Joint Broker)
Ewan Leggat +44 203 470 0470
Walbrook PR (PR advisers)
Nick +44 207 933 8783
Rome
Notes to Editors
The Company has a large tract of acreage in Mineral County, Nevada. The area
consists of rugged, mountainous terrain, which means that large parts of it
remain under-explored. Mineral potential is hosted by the regional Walker Lane
Structural Belt, the largest structural and metallogenic belt in Nevada, yet
one of the least explored in recent times, with gold, silver and copper
currently produced in Mineral County. Great Western has seven distinct
concession areas which offer the potential for exploiting (1) short term gold
and silver deposits and (2) long-term, world-class copper deposits.
Six of the Company's properties are in the west of Mineral County and are 100%
owned and operated. The Company has an option to acquire a seventh property,
the Olympic Gold Project, in the east of the county. Great Western's small
exploration team is supported by locally based consultants and contractors.
The state of Nevada is one of the world's most mining friendly
jurisdictions. While tightly regulated and environmentally conscious, Nevada
welcomes the mining industry. Great Western takes care to ensure that its
claims are maintained in good standing and all regulations observed.
There are numerous gold and silver prospects on the Company's acreage,
including extensive historic mine workings which offer the opportunity for
secondary recovery. The Company is party to a 50-50 joint venture known as
Western Milling LLC which is constructing a mill to process pre-mined material
for secondary recovery of gold and silver.
Furthermore, through extensive drilling over a five-year period, GWM has
established a Mineral Resource on its first target area known as M2, of 4.3
million tonnes at 0.45% copper, for 19,000 tonnes of contained copper metal.
This resource has been independently reported in accordance with JORC
guidelines.
GWM has also established an Inferred Resource Estimate of 31,000 tonnes
grading 1.6 g/t gold and 3.0 g/t silver in tailings associated with the OMCO
Mine at the Olympic Gold Project. Additionally, exploration targets have
been independently reported as follows:
· 3,400 - 6,400 tonnes grading between 0.5 and 1.2 g/t Au and 1.2 and
2.1 g/t Ag in the substrate beneath the tailings volume at the Olympic Mine.
· 9,000 - 12,000 tonnes grading between 0.9 and 2.4 g/t Au and 2.0 and
5.1 g/t Ag in a coarse stockpile at Olympic Mine.
· 4,200 - 7,700 tonnes grading between 40 and 140 g/t Ag and 0.3 and
0.3 g/t Au in spoil heaps at Mineral Jackpot.
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