Great Dirt Resources (ASX:GR8) successfully began trading on the ASX after a lucrative IPO, generating $5 million through the issuance of 25,000,000 shares at an issue price of $0.20 per share.
Moving on Manganese
Great Dirt, a mining exploration company committed to unlocking untapped potential, focuses on priority projects in a premier mining jurisdiction.
Key ventures like the Doherty and Basin Projects in New South Wales, Australia, show significant promise in high-grade manganese, including the sought-after battery-grade variety, addressing a market limited by stringent criteria.
Both projects, situated within mining lease EL9527, historically supplied manganese to battery manufacturers from the 1940s-1960s.
While no drilling or sampling has taken place, Great Dirt is confident that the historical work barely scratched EL9527’s potential, evident in high-grade ore floaters outside known mining areas, suggesting unidentified manganese mineralisation.
Figure 1: Great Dirt Doherty and Basin Priority Projects
The Company has charted an ambitious exploration plan, spanning the remainder of this year and throughout 2024, aimed at fully revealing the potential of its projects.
The exploration will commence by targeting historical workings and associated rock dumps, with a comprehensive plan to collect samples from mined ores and surrounding country rocks for thorough geochemical, geophysical, spectral, and mineralogical investigations.
Additionally, Great Dirt plans to conduct aerial surveys, LIDAR 3D surveys, ground-based soil geochemistry surveys, and gravity surveys to identify manganese mineralisation and refine drill targets.
GR8’s Australian Stock Exchange-listed share price is currently trading at $0.22 (10.30am UTC+ 8 hours).