Great Western Mining (GWMO) launches metallurgical testing at Nevada tungsten asset

Great Western Mining (LSE:GWMO) has commenced metallurgical flotation testing on a 750-kilogram bulk sample taken from its Defender–Pine Crow tungsten project in Mineral County, Nevada. The company has engaged Eriez Global, based in Pennsylvania, to carry out a proof-of-concept programme focused on scheelite-rich skarn mineralisation. The testing will apply an established processing flowsheet aimed at producing a high-grade tungsten concentrate while demonstrating the project’s potential to support a domestic U.S. tungsten supply chain.

Resource estimate and drilling plans support project expansion

The company expects assay results in the third quarter of 2026, with the findings set to contribute to an initial mineral resource estimate targeted for later in the year. These activities form part of a broader fully funded exploration strategy at Defender–Pine Crow. Planned work includes geophysical surveys, geological mapping, trenching, and a drilling campaign scheduled to begin in July 2026. The programme is intended to evaluate the scale and continuity of the mineral system and examine links to the nearby M2 copper skarn trend, which could further strengthen the project’s strategic significance.

Financial pressures offset by improving technical indicators

Great Western Mining’s investment outlook remains weighed down by weak financial fundamentals, including a lack of revenue generation, ongoing losses, and continued cash outflows, despite relatively low debt levels. However, technical indicators present a more constructive picture, with the share price trading above key moving averages and momentum remaining moderately positive. Valuation metrics remain limited due to the company’s negative earnings profile and the absence of dividend yield data.

More about Great Western Mining

Great Western Mining Corporation is an exploration and development company concentrating on strategic mineral opportunities across multiple wholly owned claim groups in Mineral County, Nevada, a well-established U.S. mining jurisdiction. The company is placing greater emphasis on tungsten as a critical mineral while also progressing its Huntoon copper project and retaining exposure to gold and silver through exploration activities and tailings reprocessing initiatives.