Copper–gold explorer Golden Globe Resources (ASX: GGR) has just joined the ASX and is gearing up to drill across some of Australia’s most proven belts in Queensland and New South Wales.
The company already has multiple targets lined up, and the team has the pedigree to prosecute them.
Why this Listing Matters
- Clear plan for the cash: Most funds head straight into the field at Dooloo Creek (QLD) first, then Neila Creek (NSW) and Alma (QLD).
- Tier-one postcode effect: All three projects sit in systems that have already produced serious mines nearby.
- News flow on deck: Follow-up drilling and a maiden diamond program start immediately post-listing.
Offer Snapshot
- Issue price: A$0.20
- Raise: A$7.5m–A$8.5m
- Free options: 1-for-4 @ A$0.30 (2-yr)
- Shares (post): 135.0m–140.0m (undiluted)
- Indicative m-cap: A$27.0m–A$28.0m
- Lead: Bell Potter Securities
The Ground that Counts
Dooloo Creek, QLD — the flagship
- Where: On trend with historic Mt Morgan; two granted EPMs (~77.9 km²).
- Why it’s interesting: High-grade rock chips >10–55 g/t Au with copper; first-pass drilling already turned up 2 m @ 3.87 g/t Au and 4 m @ 1.81 g/t Au.
- Next up: ~4,000 m of follow-up drilling across multiple prospects.
Neila Creek, NSW — Lachlan Fold Belt leverage
- Where: In the Cowra district, within shouting distance of Cadia, Northparkes, Cowal.
- What they’re chasing: Porphyry Cu-Au linked to structural inflections and old workings.
- Next up: ~1,200 m maiden diamond program (three holes).
Alma, QLD — the pipeline project
- Where/scale: ~295 km² of under-explored ground near Mt Morgan.
- 2025 task list: Mapping, geophysics, target definition ahead of first drilling.
Who’s Steering the Rig
Patrick Highsmith (Chair) and Colin McMillan (MD/CEO) bring 30+ years each across majors and juniors, useful when you’re triaging targets and capital in a fresh IPO.
What Could Move the Share Price Near Term
- Dooloo Creek drill hits that repeat/extend prior mineralisation.
- Neila Creek core confirming a porphyry system (alteration + grade).
- Alma targets maturing into a second string of drill-ready prospects.
And the Reality Check
Early-stage explorers live and die by the drill bit.
Permitting/access, funding cadence, commodity prices and tenure all matter.
Bottom Line
This isn’t a “list and lounge” story. GGR is funded to drill now in well-endowed belts, with a clear queue of targets.
If they start landing intervals at Dooloo Creek and get early vectors at Neila Creek, the news flow could come fast.
