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GDM Secures Full Control of Challenger Gold Mine, Eyes Cashflow by Q3 FY26
1:22pm on Monday 2nd of February, 2026 AEDT
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Mining
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GDM Secures Full Control of Challenger Gold Mine, Eyes Cashflow by Q3 FY26
1:22pm on Monday 2nd of February, 2026 AEDT
Key Points
GDM acquires remaining 49% of Challenger Mines from ADG, ending joint venture
10 million GDM shares issued to ADG with escrow and right of first offer conditions
ADG retains $455,000 from property sale and receives capped 1% royalty on gold production
GDM restructures development plan for slower, cost-optimised ramp-up
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GREAT DIVIDE MINING (ASX:GDM)
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