Joint Venture Between Great Boulder Resource And Ausgold

  • Oct 05, 2018 AEST
  • Team Kalkine
Joint Venture Between Great Boulder Resource And Ausgold

Great Boulder Resources Limited (ASX: GBR) is a mineral resources company focusing on exploration, discoveries and stating the exact position of nickel, cobalt, copper and gold resources within the eastern goldfield region of West Australia. The company’s management and exploration team have around 150 years of experience in this mineral resource sector which has to lead to the discovery of Mt Venn Ni-Cu-Co prospect.

Recently, Great Boulder Resources Limited has entered into a joint venture with Ausgold Limited to form a joint venture (JV) over Ausgold’s Yamarna nickel project in West Australia. This project is towards the 40km north of their discovery Mt Venn Ni-Cu-Co prospects and it spreads in 300 square kilometers.

Drilling at Yamarna nickel project which is its primary target has intersected nickel cobalt sulphide mineralization at its Winchester prospect.

Drilling at Mt Venn which has now become attractive to produce mostly disseminated chalcopyrite (copper), pentlandite (nickel) and pyrrhotite/pyrite(iron) through drillings.

As a result of the joint venture between Ausgold and Great Boulder Resource (AUX: GBR), it can make a profit of around 75% of the Yamarna nickel project by issuing Ausgold 1.5m GBR shares and spending $500,000 over a period of 4 years. 

Further steps may be taken by Great Boulder Resource:

GBR has taken RC and will mobilize it to the completion of the drilling at the eastern Mafic. 2 3 holes have been made for the test purpose of the conductor plate.

Despite the positive announcement, GBR’s stock plunged 4.167 per cent with the intra-day traded volume of around 37,064. GBR’s share traded at $0.230 with a market capitalization of $19.23 million as on 5 October 2018 (AEST 4:00 PM).

Dividend Stocks To Buy

The Income available from dividends remains attractive for many investors.

We take a look at the best yields on the market and assess what they say about a company’s prospect.

One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”

ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.

Click here to get your free report.


The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.


All pictures are copyright to their respective owner(s) does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.


There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK