Great Boulder Resources Ltd (ASX:GBR) managing director Andrew Paterson talks to Proactive’s Tylah Tully about the company’s plans to divest the non-core Whiteheads Gold Project, 40 kilometres north of Kalgoorlie in Western Australia. The move enables GBR to focus on its flagship Side Well Gold Project in the Mid-West. The company has entered into a tenement purchase agreement with Great Western Gold Pty Ltd (GWG), a private gold exploration and development company. GWG will acquire 100% of the Whiteheads Project, which comprises 13 granted exploration permits. As part of the agreement, GWG plans to list on the ASX through an IPO in the first half of 2025. Great Boulder will retain an equity interest in GWG, providing potential upside for shareholders. Great Boulder will receive consideration comprising a $50,000 exclusivity fee (already paid), reimbursement of up to $250,000 for exploration costs, and equity in GWG valued at $1.2 million, assuming a $0.20 per share listing price. Paterson stated the sale allowed the company to concentrate on the Side Well project, supported by a fully funded 50,000-metre drilling program. The agreement is expected to be finalised by June 30, 2025, subject to conditions. #ProactiveInvestors #GreatBoulderResources #ASX WhiteheadsGoldProject, #GoldMining, #WesternAustralia, #SideWellProject, #MiningInvestment, #GoldExploration, #AustralianMining, #MiningIPO, #GreatWesternGold, #ResourceDevelopment, #GoldProjects, #MineralExploration, #Kalgoorlie, #GoldIndustry, #MiningNews, #EquityInvestment, #DrillingProgram, #ResourceGrowth