Company Interview / The small cap aiming to win both gold & silver

Key points:

High-grade gold and silver intercepts at Wandoo resource support near-term productionSilver price more than doubled since July prospectus, increasing project value contributionResource update and mining study expected over the next two quartersToll treatment infrastructure nearby enables rapid progression to production

Green & Gold Minerals (ASX:GG1) made its ASX debut in October, with Quentin Hill outlining promising developments at the company’s gold and silver assets in north Queensland. Hill states that drilling at the Wandoo resource has unveiled multiple high-grade intercepts, including a significant 60-gram-metre pod, setting the foundation for a substantial resource update and underlining the company’s near-term production ambitions. Currently holding 32,000 ounces at Wandoo, Hill sees clear scope to materially grow this base, driven by the potential for both gold and silver extraction.

Riding the wave of record gold prices and a sharp rise in silver prices, which Hill estimates now account for 15% of the project’s value, Green & Gold Minerals is focused on integrating these results into a resource estimate, targeted for the next quarter. This update will inform a new mining study, due shortly after, which is intended to demonstrate project value to shareholders. Hill identifies access to nearby toll treatment facilities, including a manganese mill 12km away, as key to the company’s swift development approach.

Hill points to strong funding following a $5.7 million raise at listing and a unique near-term production pathway setting the company apart in a crowded junior resources sector.

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