Gibb River Diamonds Reports Strong Cash Generation from Neta Gold Operations and Advances Exploration at Edjudina
Gibb River Diamonds Limited (ASX: GIB) delivered a strong March 2026 quarter, driven by successful mining and processing at the Neta Gold Project within its Edjudina asset in Western Australia. Total gold production reached 5,267.9 ounces, generating sales proceeds of approximately AU$37.98 million at an average realized price of AU$7,209.60 per ounce. The Company received AU$7.0 million (plus GST) as its 50% share of joint venture profits from mining partner BML Ventures, significantly strengthening its financial position. Additional cash distributions are expected following finalization of remaining processing outcomes from the Greenfields campaign. Post quarter, Gibb River completed a Phase 1 drilling program across the M31/481 lease, targeting extensions of known mineralization, with assay results pending. The Company ended the period with a robust cash balance of approximately AU$7.76 million, supporting ongoing exploration and potential growth initiatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Gibb River Diamonds Reports Strong Cash Generation from Neta Gold Operations and Advances Exploration at Edjudina
Gibb River Diamonds Limited (ASX: GIB) delivered a strong March 2026 quarter, driven by successful mining and processing at the Neta Gold Project within its Edjudina asset in Western Australia. Total gold production reached 5,267.9 ounces, generating sales proceeds of approximately AU$37.98 million at an average realized price of AU$7,209.60 per ounce. The Company received AU$7.0 million (plus GST) as its 50% share of joint venture profits from mining partner BML Ventures, significantly strengthening its financial position. Additional cash distributions are expected following finalization of remaining processing outcomes from the Greenfields campaign. Post quarter, Gibb River completed a Phase 1 drilling program across the M31/481 lease, targeting extensions of known mineralization, with assay results pending. The Company ended the period with a robust cash balance of approximately AU$7.76 million, supporting ongoing exploration and potential growth initiatives.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au