Advancing Nevada's emerging tungsten corridor towards a maiden MRE
DUBLIN, IRELAND / ACCESS Newswire / September 25, 2026 / Great Western Mining Corporation PLC (AIM:GWMO)(Euronext Growth:8GW)(OTCQB:GWMOF), a strategic minerals exploration and development company, announces its interim results for the six months ended 30 June 2026.
HIGHLIGHTS
H1 2026
Established tungsten as GWM's strategic priority, with substantial preparatory fieldwork completed across the Defender-Pine Crow corridor.
Completed detailed geological mapping and gravity geophysical survey to refine understanding of the mineralised system and support drill targeting.
Completed four machine-cut channel sampling programmes at the historic Dough God, Pine Crow and Widowmaker mines, providing data to guide the 2026 drilling programme.
Dispatched 750 kg representative bulk sample for metallurgical flotation test work.
Appointed Ed Loye as Chief Executive Officer, with Brian Hall stepping back from the role of Executive Chairman following the AGM in June 2026.
Signed option agreement involving KGHM Polska Miedz S.A. over the Eastside-Tango copper porphyry project, providing long-term royalty upside for Great Western.
Admitted to trading on the OTCQB market in the United States, providing US-based investors with direct access to the Company's shares for the first time.
Raised £3.25 million (gross) through a placing of new shares in February 2026 to fund accelerated exploration activity, supplemented by warrant exercises during the period.
Post-Period End
Received channel sampling results in July confirmed broad and significant tungsten mineralisation across the Defender-Pine Crow corridor, supporting an emerging mineralised trend of approximately 3 km.
Highly encouraging metallurgical flotation test work results: 92.98% of tungsten recovered into a rougher concentrate grading 7.21% WO₃ from a starting bulk sample grade of 0.35% WO₃, with penalty elements recorded at very low levels.
Completed a 23-hole drilling programme at Defender designed to test the continuity and grade of tungsten mineralisation across the corridor, with assay results expected over the coming weeks and months.
Appointed Addison Mining Services as independent Competent Person for the maiden MRE, with its geologist embedded on site during the drilling programme.
Financial
Loss for the period of €2.63 million (H1 2025: €0.49 million; FY 2025: €1.08 million), including a revaluation loss on the share warrant provision of €1.86 million (H1 2025: €15,073 gain; FY 2025: €182,791 loss).
Cash and cash equivalents at 30 June 2026 of €2.77 million (31 December 2025: €0.07 million).
Net assets of €9.51 million (31 December 2025: €8.60 million).
Company fully funded for its planned 2026 exploration and MRE programme.
Post-period warrant exercises in July and August 2026 generated additional funding of approximately £49,000.