TIDMGWMO
RNS Number : 5755C
Great Western Mining Corp. plc
13 June 2023
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 five resolutions of which four were passed as
Ordinary Resolutions and one as a Special resolution. 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 Withheld*
Total
as %
of Issued
Share
Capital
1. To receive
and adopt
the accounts
of the Company
for the year
ended 31 December
2022 414,834,122 100.00 - - 414,834,122 9.06 -
------------ ------- ---------- ----- ------------ ----------- ----------
2. To authorise
the Directors
to appoint
the auditor
and fix remuneration 414,834,122 100.00 - - 414,834,122 9.06 -
------------ ------- ---------- ----- ------------ ----------- ----------
3. To re-elect
Alastair Ford
as Director 406,802,733 100.00 4,389 - 406,807,122 8.89 8,027,000
------------ ------- ---------- ----- ------------ ----------- ----------
4. To re-elect
Max Williams
as Director 406,802,733 100.00 4,389 - 406,807,122 8.89 8,027,000
------------ ------- ---------- ----- ------------ ----------- ----------
5. To increase
the share
capital of
the Company 405,741,733 97.81 9,082,389 2.19 414,824,122 9.06 10,000
------------ ------- ---------- ----- ------------ ----------- ----------
* 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, Chairman +44 207 933 8780
Max Williams, Finance Director +44 207 933 8780
Davy (NOMAD, Euronext Growth Listing
Sponsor & Joint Broker)
Brian Garrahy +353 1 679 6363
SP Angel Corporate Finance LLP (Joint
Broker)
Ewan Leggat/Harry Davies-Ball +44 203 470 0470
Walbrook PR (PR advisers)
Nick Rome +44 207 933 8783
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 generally considered to be 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 established an Inferred Resource Estimate of 31,000
tonnes grading 1.6 g/t gold and 3.0 g/t silver in tailings for the
OMCO Mine at the Olympic Gold Project. It has also established
Exploration targets. In addition, the Company has reported an
Exploration Target 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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END
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