Golden State Mining Limited (ASX:GSM)

Focused on discovering the next major mineral deposit in Western Australia.

About Us

Golden State Mining Limited (ASX: GSM) is an Australian-based mineral exploration company focused on discovering and developing significant mineral deposits. The company holds a portfolio of highly prospective projects in Western Australia, targeting gold, base metals, and rare earth elements.

Company Overview

Golden State Mining Limited was established with the aim of becoming a leading mineral exploration company. The company is committed to exploring and developing its strategically located projects in Western Australia, including the flagship Yule Project in the Pilbara region, and the Cue Project in the Murchison district. With a robust exploration strategy and a team of experienced professionals, Golden State Mining seeks to identify high-quality mineral resources that can be advanced towards development and production, thus creating substantial value for shareholders.

The Yule Project is situated in the under-explored Pilbara Craton, an area known for its significant gold and base metal deposits. The project covers approximately 657 square kilometres and includes multiple high-priority targets for gold and base metals. The Cue Project, located in a prolific gold-producing region, offers substantial potential for further discoveries with historical workings and recent exploration success.

Yule - Project

The Yule Project, managed by Golden State Mining Limited, spans an extensive 730km² in the Mallina Basin of the Pilbara Region, Western Australia, approximately 45km southwest of Port Hedland. This project is situated in a logistically favourable location with easy access to roads, a nearby port, and a gas pipeline, making it an attractive site for exploration and development.

This region remains under-explored yet is emerging as a significant province for gold, base metals, and battery minerals, buoyed by its proximity to the world-class Hemi discovery by De Grey Mining Ltd. The project encompasses several advanced target areas for gold, lithium, and base metals, largely driven by its location along major regional structures like the Sholl Shear and Yule River Shear Zones.

The Yule North sector of the project includes around 21km of the highly prospective Sholl Shear Zone and the Boodarie volcanic belt. Previous exploration activities in this area date back to the 1970s, focusing on various metals including Cu-Ni, Cu-Pb-Zn, and Au. Notably, the Balla Yule prospect near this zone is recognized for its potential in Ni-Co-Cu mineralization, evidenced by previous drilling results such as 14 metres of 0.51% Ni & 0.033% Co from 38 metres depth. Recent drilling efforts have also uncovered significant gold potential, with results showing 4m at 0.79 g/t Au from 74m.

Further south, the Yule South tenements have yielded both significant gold intercepts and indicators of Lithium-Caesium-Tantalum (LCT) pegmatite pathfinders. This area, characterized by sheared granite margins and remnant greenstone units, presents a promising structure for trapping gold mineralization. The paleochannels associated with the Yule River also suggest potential for hosting heavy minerals and gold deposits.

Yule East, marked by the Yule River Shear zone, shows promise for gold and lithium exploration. This area features a 9km gold-copper-arsenic bedrock anomaly and is intruded by a large granite batholith from the Split Rock Supersuite, which is considered a fertile source for LCT pegmatite development within the region.

Overall, the Yule Project holds a diverse portfolio of mineral prospects, from established resources to newly identified target areas across its extensive and strategically located tenements.

Board & Management

Mike Moore

Mike Moore

Managing Director

Mike is a mining engineer from the Camborne School of Mines with over 20 years of operational and executive management experience across a diverse range of commodities in Australia, Indonesia, West Africa and Europe.

He has previously held senior and executive management roles with a number of companies including Rock Australia Mining and Civil Pty Ltd, Carnegie Minerals PLC and with ASX listed Montezuma Mining Company Ltd where he was the CEO.

Mike is a member of the Australian Institute of Company Directors and the Australian Institute of Mining and Metallurgy. He’s previously served as a Non-Executive Director of Variscan Mines Ltd (ASX:VAR) as well as on the board of Cape Care.

Damien Kelly

Damien Kelly

Non-Executive Chairman

Damien is the founder and principal of Western Tiger Corporate Advisers, which provides corporate advice and solutions to mainly ASX and AIM listed clients. He has broad corporate and commercial experience spanning over two decades, providing professional transaction and corporate services as well as company and project management, mostly in the natural resources sector.

He is a founding director and shareholder of Golden State Mining (GSM), and in 2016 acquired the tenure for what is now GSM’s original Yule project tenements. Damien has an MBA (UWA), Bachelor of Commerce (UWA), a Graduate Diploma in Applied Finance and Investment (FinSIA) and is a former officer in the armed services, having graduated from the Royal Military College, Duntroon. He is also a full member of CPA Australia.

Greg Hancock

Greg Hancock

Non-Executive Director

Greg has over 30 years of experience in capital markets practicing in the area of Corporate Finance. He has extensive experience in both Australia and the United Kingdom through his close links to the stockbroking and investment banking community. During this time he specialised in mining and natural resources and has a strong background in the finance and management of small companies.

He is also currently Non-Executive Director of AusQuest Limited, BMG Resources Limited, Cobra Resources plc. Triangle Energy (Global) Limited and Non-Executive Director of Group 6 Metals Limited. Greg continues his close association with the capital markets in Australia and the United Kingdom through his private company Hancock Corporate Investments Pty Ltd.

Geoff Willetts

Geoff Willetts

Exploration Manager

Geoff is an experienced geologist graduating from Kingston University in 1999 with an Honours degree in Applied Geology and completing a Master’s degree in Mining Geology from the Camborne School of Mines in 2000. Geoff has over 20 years’ experience in various commodities including gold, base metals and mineral sands in Western Australia.

He has held senior production and resource development roles with major mining companies including Barrick Gold, Wiluna Mining and Tronox Inc.. Geoff was instrumental in delivering a 25% overall increase of the 6MOz gold resource at the Wiluna mining centre.

In addition, Geoff has managed exploration activities with several ASX listed junior explorers including Graynic Metals, delivering a maiden JORC compliant resource at the Igloo copper/gold deposit and Horseshoe Metals, being responsible for a maiden copper resource at the Rinaldi deposit near Kumarina and a 45% increase in resources at the Horseshoe Lights copper/gold deposit.

Geoff is a Member of the Australian Institute of Geoscientists.

Brenton Siggs

Brenton Siggs

Non-Executive Director

Brenton graduated from the University Of South Australia in 1986 and is an exploration geologist with over 32 years’ experience in the Australian mineral resources industry. He has held exploration management roles on a range of gold, nickel-cobalt, petroleum, phosphate, potash brine and coking coal projects. He has specialised in all stages of regional and near-mine exploration management including environment and heritage.

Brenton has led exploration teams with West Australian gold discovery success at Mount Pleasant (Racetrack/Golden Funnel), Menzies (Lady Irene), Dingo Range (Boundary), Lake Wells (Axford), nickel-cobalt resource upgrades at Ravensthorpe and Goongarrie and coking coal resource upgrades (Moura, Qld).

Brenton has worked in leadership roles for Australian and international companies including Newcrest Mining Ltd., Inco Australia, Burmine Ltd, Central Norseman Gold Corporation and VALE. Prior to joining Golden State Mining, Brenton was the founding Director of Goldphyre Resources Limited (now fertiliser hopeful Australian Potash) and responsible for the discovery of Lake Wells gold prospects and potash brine resources.

Brenton is a member of the Australian Institute of Geoscientists (AIG) and Society of Economic Geologists (SEG).

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