REG - Great Western Mining - Result of Extraordinary General Meeting

Great Western MiningAnnouncement

20/03/2025 16:30

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RNS Number : 5513B  Great Western Mining Corp. plc  20 March 2025

GREAT WESTERN MINING CORPORATION PLC

("Great Western", "GWM" or the "Company")

 

Result of Extraordinary 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 Extraordinary General Meeting held today, all
resolutions were duly passed.

 

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 authorise the Share Consolidation                                   724,687,141  90.85  73,003,992  9.15  797,691,133  7.64                                     36,353,245

 2.   To authorise the Subdivision                                           723,022,163  90.64  74,668,970  9.36  797,691,133  7.64                                     36,353,245

 3.   To authorise the increase in the authorised share capital              724,490,824  90.82  73,200,309  9.18  797,691,133  7.64                                     36,353,245

 4.   To authorise the creation of a new class of Deferred Shares and the    724,687,141  90.85  73,003,992  9.15  797,691,133  7.64                                     36,353,245
 amendment of the memorandum of association

 5.   To approve the amendment of the articles of association                724,490,824  92.33  60,190,752  7.67  784,681,576  7.52                                     49,362,802
 6.   To authorise the Directors to allot relevant securities                724,490,824  90.82  73,200,309  9.18  797,691,133  7.64                                     36,353,245

 

* 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/Adam Cowl                                                                                                    +44 203 470 0470

 Walbrook PR (PR advisers)

 Nick Rome/Joseph                                                                                                         +44 207 933 8783
 Walker

 

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 the
seventh and most recent acquisition, the Olympic Gold Project, is in the east
of the county, some 50 miles from the main group.  All the Company's claims
are 100% owned. Claims at the Eastside Mine Group have been contributed to a
pooling agreement with Bronco Creek Exploration, Inc. and in addition the
Company participates in the Huntoon Mine Area Cooperation Agreement with
landowner-neighbour Crowne Point Resources with whom it shares resources.
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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