Gateway Mining - GML (ASX) News & Expert Insights from Stockhead

Gateway Mining is pursuing the discovery of a large-scale gold system at its 1,000km2 Gidgee Gold Project, located in the heart of the prolific Murchison and Northern Goldfields in Western Australia. The company has established an initial 240,000 ounce Inferred Resource across two deposits at Gidgee, and is now undertaking a systematic exploration program to unlock further Resource growth and make new discoveries. A regional assessment has identified a series of highly prospective gold corridors that present a major opportunity for new discoveries, particularly shallow oxide gold deposits.

Gateway recently completed an oversubscribed, $7M share placement and is undertaking a further $2M share purchase plan to existing shareholders. The company’s strong balance sheet will enable it to unlock the full potential of the Gidgee Project through a systematic and sustained exploration effort. Drilling operations have recently commenced, and will continue over the next 18 months targeting extensions to existing deposits as well as new positions along the prospective Montague Granodiorite margin.

Gateway is led by an experienced management team with a track record of exploration success and delivery of significant returns to shareholders.

KEY PEOPLE

Mr Langworthy is an accomplished geologist and mining executive with a career spanning more than 32 years in mineral exploration and project development in Australia and internationally.

His industry experience includes senior management roles with WMC Resources Limited, PacMin Mining Limited and Jubilee Mines NL, where he led the exploration team that was responsible for several major discoveries which led to its eventual $3.3 billion acquisition by Xstrata.

Mr Langworthy holds a Bachelor of Science (Geology) (Hons) from Macquarie University. He is currently non-executive Chairman of junior copper and gold company DiscovEx Resources Limited and non-executive director of Silver Mines Limited.

He previously held non-executive directorships with Capricorn Metals, Northern Star Resources Limited, Talisman Mining Limited, Falcon Minerals Limited and Pioneer Resources Limited.

Mr Cossom is geologist and mining executive with over 23 years experience, with broad background in gold exploration and mining geology, coupled with strong economic evaluation skills and corporate management experience.

Mark was a key part of the team that transformed Doray Minerals from a junior gold explorer to an ASX-300 gold miner, holding executive positions with Doray up to its takeover by Silver Lake Resources in 2019.

Prior to his time at Doray, Mark held a range of senior operational and exploration roles for Harmony Gold at their South Kalgoorlie Operations in Kalgoorlie and the major Morobe Mining JV with Newcrest Mining in PNG.

Mark holds a Master of Science (Mineral Economics) from the WA School of Mines and a Bachelor of Science (Honours) in Applied Geology from Curtin University.