Business
Results for the year ended 31 Dec 2013
Results for the year ended 31 Dec 2013.
About this update from Great Western Mining Corp. Plc
[{"type":"text","content":"\n \nRNS Number : 0928K Great Western Mining Corp. plc 20 June 2014 \n \n\nGreat Western Mining Corporation PLC\n\n(\"Great Western Mining\", \"GWM\" or the \"Company\")\n \nPreliminary Results for the year ended 31 December 2013.\n \nGreat Western Mining, the AIM (AIM:GWMO) and ESM quoted mineral exploration company with 73 sq. kilometres of mineral claims in south-west Nevada USA, is pleased to report its Preliminary Results for the year ended 31 December 2013. \nResults Highlights:\n· Completion of maiden 2580 feet drilling programme on the M2 copper target \n· JORC compliant Phase 1 Report produced\n· Loss for the year: €448,319 (2012: €369.186)\n· Basic and Diluted loss per share (cent): 0.69 (2012: 0.76)\n· Company fully funded to fulfill its current plans\nPost year-end Highlights:\n· Phase 2 drillingprogramme, with the objective of establishing a JORC compliant Inferred Resource, initiated over the M2-Smith copper target\n· Phase 1 drilling programme initiated over Target 4 copper-gold prospect\nChief Executive, David Fraser commented: \"Following a year of progress in 2013, I am pleased to report that the company started 2014 in the strongest financial position in its corporate history, and is in the process of executing a funded programme designed to demonstrate the value in its extensive bank of Federal land leases in Nevada.\"\nENQUIRIES: \n \nGreat Western Mining Corporation Plc \n \nDavid Fraser, Chief Executive +44 207 933 8795\n \nDavy (Nomad, ESM Adviser & Joint Broker) +353 1 679 6363 \nJohn Frain&nbs...