Great Western Mining (LSE:GWMO) has reported further progress at its wholly owned Pine Crow–Defender tungsten prospect in Mineral County, Nevada, following the completion of a machine-cut channel sampling programme across existing trenches. The work was carried out after earlier soil sampling identified anomalous tungsten results, prompting more detailed investigation of the prospect.
According to the company, initial observations from the trenching programme have been highly encouraging. Samples have now been submitted for laboratory analysis, with assay results expected in January. These results could inform the design of an initial drilling campaign and would further support Great Western’s strategy of advancing assets aligned with growing US demand for secure, domestically sourced critical and strategic minerals. The tungsten programme complements the company’s ongoing exploration activities across its broader copper and gold portfolio in Nevada.
Despite the positive operational update, Great Western Mining’s overall outlook remains constrained by weak financial performance, including the absence of revenue, ongoing losses and continued cash burn. Balance-sheet leverage risk is relatively limited, providing some mitigation. From a market perspective, technical indicators are more constructive, with the share price holding above key moving averages and momentum indicators moderately supportive. Valuation metrics remain unfavourable or difficult to assess due to negative earnings and the lack of dividend support.
More about Great Western Mining
Great Western Mining Corporation is a diversified exploration and development company focused on strategic minerals across several 100%-owned claim groups in Mineral County, Nevada. Its portfolio includes the flagship Huntoon Copper Project, which hosts a JORC-compliant copper resource, alongside a pipeline of gold, silver and early-stage tungsten assets aligned with US critical minerals priorities.
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