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 December 2023
|
662,867,498
|
100.00
|
-
|
-
|
662,867,498
|
9.34
|
1,588,800
|
|
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,
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
|
+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 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.