Golden Mile Resources Ltd.
AASX:G880.01
AUD
0.00
(0.00%)
Golden Mile Resources Ltd.
ASX:G88
(Australian Securities Exchange)
Recent
price
0.01
P/E
ratio
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div
yld
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ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Golden Mile Resources Limited is an Australian project development and mineral exploration company focused on a multi-asset, multi-commodity strategy. The company primarily explores and develops mineral deposits including nickel, cobalt, gold, copper, rare earth elements, and scandium. Its core assets include the Quicksilver Nickel-Cobalt Project near Lake Grace in Western Australia, which holds an Indicated and Inferred Resource of 26.3 million tonnes grading 0.64% nickel and 0.04% cobalt, with confirmed mineralization of rare earth elements and high-grade scandium as well as gold. Other significant projects include the Yarrambee Project in the Murchison region prospective for nickel-copper-PGE and copper-zinc mineralization; gold projects in the North Eastern Goldfields of Western Australia; the Yuinmery Gold Project in the Youanmi Gold Mining District; and the Gidgee Polymetallic Project under a farm-in agreement. The company also holds a joint venture-acquisition agreement over the Pearl Copper Project in Arizona, USA, which represents a significant copper porphyry opportunity adjacent to major historical mines in a Tier 1 mining jurisdiction. Golden Mile's activities span exploration through to project development primarily within Western Australia, with expanding interests in North America. Founded in 2001, Golden Mile Resources is headquartered in Perth, Australia. Recent major developments include the 2024 joint venture-acquisition deal with Outcrop Silver & Gold Corporation for the Pearl Copper Project in Arizona, enabling Golden Mile to earn up to 100% ownership through staged investments. Exploration at the Quicksilver Nickel-Cobalt Project continues to yield high-grade nickel and cobalt discoveries, with recent drilling intercepts confirming wide shallow mineralization zones. In 2025, Golden Mile announced a $510,800 private placement to support ongoing exploration and development activities. The company also executed earn-in and joint venture agreements with Kin Mining (now Patronus Resources) over the Leonora Gold Project and a farm-in agreement with Gateway Mining to increase the footprint of the Gidgee Gold-Polymetallic Project. Golden Mile Resources has recently completed successful reconnaissance and exploration programs highlighting multi-commodity prospects, focused on value creation through advancing core assets and strategic alliances. Golden Mile Resources Limited operates in the mineral exploration and development industry targeting metals essential for electrification, green energy, and industrial use. Its portfolio addresses global demand for nickel, cobalt, copper, and rare earth elements under a strategy combining exploration, joint ventures, and staged acquisitions to build a diversified resource company.