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Global Gold Mining Limited GGM.AX

IR documents · Reporting currency AUD · Half-year reporting · Figures as of 2026-H1 · updated 2026-09-05 · ISIN AU000000GGM2
Loss-making
The new quarter, in context. · We follow every stock through its original filings: the latest figures against their history, guidance against actuals; neutral, continuously updated, every figure clickable with its source.
AI-generated report · not investment advice · figures extracted automatically; please verify against the linked original more
AI-generatedCreated with AI assistance from the company's linked original filings (transparency per Art. 50 EU AI Act). More about the tool: Claude Code.
Not investment adviceNeutral financial information, no recommendation, no investment research within the meaning of MiFID II.
Verify yourselfFigures are extracted automatically, errors are possible. Every figure is clickable with its source; the issuer's original documents are always authoritative.
EditorialThe texts (business model, current status, development and others) are written AI-editorially from the original reports alone, cross-checked automatically and backed with sources; the company's own account, no assessment of our own. Methodology
AI research · This page works as a source-backed data basis for further research with AI assistants such as Claude; every figure remains verifiable via the source links.
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Business Model#

What the company does and how it earns its money; written AI-editorially, exclusively from the company's original reports, without any assessment of our own.

Global Gold Mining Limited is a mineral exploration and development company focused primarily on the Sturec Gold Project located in Slovakia, for which it holds a Mining Activity Permit valid through 31 December 2034. The company is at a pre-revenue stage, advancing the project through technical studies and metallurgical test work toward a potential development and production decision. The company generates no revenue from operations and funds its activities through equity capital raises and shareholder loans. Cash outlays are directed toward exploration, feasibility study work, and corporate administration. The Updated Scoping Study, indicating a pre-tax NPV8% of US$768 million and an IRR of 162% over a 9-year mine life producing 1.139Moz AuEq, forms the current technical basis for project valuation, with the planned Pre-Feasibility Study representing the next formal development milestone.

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Current Status#

Summary of the most recent reporting period: core figures, drivers and management statements; written editorially from the current original report, every figure backed by a source number.

Global Gold Mining Limited reported no revenue from operations for the half year ended 31 December 2025, with interest income as the sole income source and cash of $45,070 at period end against current liabilities of $2,864,372, placing the company in a going-concern position dependent on post-period capital activity 9. During the period, in-adit channel sampling was completed and a metallurgical test work campaign was initiated at the Sturec Gold Project in Slovakia 9. An Updated Scoping Study delivered a pre-tax NPV8% of US$768 million and an IRR of 162%, based on a 9-year mine life producing 1.139Moz AuEq, forming the current technical basis for project advancement 9.
Net profit · 2025-H2-0A$m
Profitability
The company generated no revenue from operations during 2025-H2, with interest income representing the only income line for the period 9. Cash at period end stood at $45,070 against current liabilities of $2,864,372; expenditures were directed toward exploration activities at Sturec and corporate administration 9. No operating income, EBITDA, or net income from operating activities is applicable given the pre-revenue exploration stage, and no CORE financial figures are available for this period.
Leverage
Outstanding unsecured loans at period end comprised $1,000,000 from Minerva Investment Company and $300,000 from Internatzionale Consulting, both bearing interest at 15% per annum and intended for repayment from capital raises 9. Current liabilities of $2,864,372 substantially exceeded the cash balance of $45,070, reflecting a net current liability position at 31 December 2025 9. No Net-Debt/EBITDA ratio is calculable as the company generates no operating earnings at this stage of development.
Management view
The Updated Scoping Study, delivering a pre-tax NPV8% of US$768 million and an IRR of 162% with a 9-year mine life producing 1.139Moz AuEq, provides the technical foundation for the next development phase at Sturec 9. Metallurgical test work commenced during the half year, with results intended to support completion of a Pre-Feasibility Study as the next formal project milestone 9. In-adit channel sampling was completed during the period, advancing the data set available for resource and engineering assessments 9.
Change
The Sauvolles Lithium Project was cancelled, and the vendor is disputing the cancellation with legal action ongoing as at the reporting date 9. The company's cash position declined to $45,070 by period end, reflecting the absence of operational revenue combined with ongoing exploration and corporate expenditure 9. Current liabilities of $2,864,372 substantially exceed liquid assets, a deterioration in financial position that the company addresses through post-period equity and debt transactions 9.
Risks (current)
The company held cash of $45,070 at period end against current liabilities of $2,864,372, with going-concern continuity dependent on capital raises completed after the period ended 9. Outstanding unsecured loans of $1,000,000 from Minerva and $300,000 from Internatzionale Consulting bear interest at 15% per annum, with repayment contingent on successful fundraising, while further metallurgical testing is required before the PFS can be completed, leaving the project development timeline uncertain 9. The vendor of the cancelled Sauvolles Lithium Project is pursuing legal action; tenement areas overlap certain third-party interests that may limit exploration and mining activities; and any future exploration or mine development is expected to have environmental impact subject to applicable laws and regulations 9 5.
New this reporting period
Subsequent to period end, the company completed a capital raising of $9,358,250 at $0.205 per share, providing funding for project advancement and addressing the going-concern position 9. A debt conversion agreement with Minerva Investment Company Limited for $2 million was executed on 3 February 2026, offering additional balance-sheet relief post-period 9. A metallurgical test work program and Pre-Feasibility Study completion remain planned milestones without confirmed completion dates as at the reporting date 9.
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Price & Chart#

Interactive price chart (TradingView) and the trend of key figures from the core tables. The price chart loads only after a click; at that point a connection to TradingView is established.

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Share-Price Drivers#

Factors the company itself names as material for its business development (IR-based); reproduced neutrally, no price forecast and no assessment of our own.

Advancement of the Sturec Gold Mine (Slovakia) toward development, anchored by the Pre-Feasibility Study
Mining activities commenced at Sturec in December 2024 and a Pre-Feasibility Study is targeted for completion in Q4 2025, making project de-risking the central value inflection for a pre-revenue developer 8 9
Pre-Feasibility Study (PFS) completion for Sturec Gold Mine
Mining One appointed PFS Study Manager (Dec 2024) and PFS completion is planned for Q4 2025, with an updated scoping study issued Dec 2024 8 9
Funding and balance-sheet capacity to progress the project
Capital raising of $9,358,250 (Jan 2026) plus a $2 million debt conversion with Minerva (Feb 2026) and prior strategic placement tranches support ongoing study and test work 5 9
Metallurgical and technical test work supporting mine design
A metallurgical test work program was initiated in 2025-H2 to underpin the PFS process design 9
Commencement of mining/preparatory activity at Sturec
Mining activities commenced at Sturec Gold Mine on 1 December 2024 following underground mining license extension 8 4
Portfolio focus and lithium optionality
The Sauvolles Lithium Project acquisition agreement was cancelled/divested, narrowing the focus toward the core gold asset 8

Sector trend: As a pre-revenue gold developer, the company reports no operating revenue segments or issued guidance, so KPIs center on project milestones rather than margin or utilisation; disclosed activity points to rising development spend on studies and test work funded by recent capital raisings 9.

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Event Timeline#

This timeline collects the material events from the original reports: guidance changes, revenue and margin signals, strategy shifts, product and M&A announcements. Events are grouped by quarter (most recent first); the grey tag before each event names the event type, the date is the publication date of the source. Management quotes open the quarter block as direct quotes. Per quarter we show the three most defining events; more can be expanded per quarter, older years are collapsed. Every event carries its source as a superscript, clickable number.

Overview: one dot per event · click jumps to the period
earningsguidancestrategyfinancials2023-Q32023-Q42023-H22024-H22025-Q12025-H22026-Q1
2026 · 2 events

2026-Q1 · Jul – Sep 2025

Net income turned negative 2025-09-26
Net loss widened to A$2,512,183 from A$2,263,451 in the prior year; no operating revenue recognised (5)
Strategic pivot 2025-09-26
Scoping Study revised to underground-only operation with pre-tax NPV8% of US$768 million and IRR of 162%; Mining One Pty Ltd appointed PFS Study Manager (5)
2025 · 5 events

2025-H2 · Jan – Jun 2025

Net debt to net cash 2026-03-12
Capital raising of $9,358,250 at $0.205 per share completed post-period, with additional $2 million debt conversion to Minerva Investment Company (9).
Guidance initiated 2026-03-12
Updated Scoping Study at Sturec Gold Project delivered pre-tax NPV8% of US$768 million, IRR of 162%, and a 9-year mine life producing 1.139Moz AuEq (9).
Strategic pivot 2026-03-12
Trevor Benson appointed Executive Chairman, Zilong Dai as Executive Director, and Michael McKeown and Stuart Hutchin as technical directors; former directors Gino D'Anna and Clifford Fitzhenry resigned (9).

2025-Q1 · Jul – Sep 2024

Net income turned positive 2024-09-30
Full-year net loss AUD 2,263,451 vs AUD 6,483,519 in prior year (4)
Strategic pivot 2024-09-30
Underground mining activity permit at Sturec Gold Mine extended for 10-year period from 2024 to 2034 (4)
2024 · 3 events

2024-H2 · Jan – Jun 2024

Net income turned negative 2025-03-14
Half-year loss after tax of $1,261,950 from continuing operations; net cash outflow from operating activities of $581,427 (8)
Net cash to net debt 2025-03-14
Cash fell from $628,398 at 30 June 2024 to $39,021 at 31 December 2024 with $1 million facility drawn; material uncertainty regarding going concern status disclosed (8)
Strategic pivot 2025-03-14
Mining activities commenced 1 December 2024 from main Andrej Adit; small-scale operations initiated to de-risk project and preserve Mining Licence validity (8)
2023 · 7 events

2023-H2 · Jan – Jun 2023

Net income turned positive 2024-03-15
Half-year net loss AUD 1,309,957 vs AUD 1,689,984 in prior corresponding period (7)
Net cash to net debt 2024-03-15
Redeemable notes of AUD 1,550,000 raised at 17-20% interest; cash declined from AUD 816,540 to AUD 603,181 at 31 December 2023 (7)
Divestiture 2024-03-15
Sturec Gold Mine classified as held for sale; strategic advisor appointed to coordinate potential transaction; non-binding offer received from Trans Metal Fund LLP (7)

2023-Q4 · Apr – Jun 2023

Divestiture 2024-01-30
Minmetals Securities Co. appointed as strategic advisor to coordinate potential transaction discussions for 100%-owned Sturec Gold Mine (1)
New market 2024-01-30
Field exploration commenced at Sauvolles Lithium Project with 11 high-priority targets identified via hyperspectral remote sensing survey (1)

2023-Q3 · Jan – Mar 2023

New market 2023-10-30
Agreement signed to acquire 100% interest in Sauvolles Lithium Project (~300 km²) in James Bay Lithium District, Quebec, Canada (2)
Strategic pivot 2023-10-30
Sturec JORC Mineral Resource Estimate updated to 68.347 Mt @ 1.22 g/t Au and 10.11 g/t Ag, containing 2.686 Moz gold and 22.210 Moz silver (2)
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Key Figures (A$m)#

The company's core financial figures in three views, one below the other: fiscal years (as reported; after restatements the table shows the most recent filing version, marked), half-years (6-month basis, H2 = second half on its own) and quarters (3-month basis, not cumulative). Each row is one period, most recent first. Values with a dotted underline are clickable and show the raw value, the exact source location, the scale evidence and the source; derived values additionally show their formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

All figures serve only to support your own investment decision and are not a recommendation; the company's original reports are authoritative.

EPS (A$) · half-year basis, as reported
2023-H22023-H2: -3.74-3.742024-H12024-H1: -0.68-0.682024-H22024-H2: -1.20-1.202025-H12025-H1: -0.64-0.642025-H2
Operating cash flow (A$m) · half-year basis, as reported
2023-H22023-H2: -1-12024-H12024-H1: -1-12024-H22024-H2: -1-12025-H12025-H1: -1-12025-H2
Cash (A$m) · annual basis, as reported
FY2022FY2022: 22FY2023FY2023: 11FY2024FY2024: 11FY2025FY2025: 22
Cash (A$m) · half-year basis, as reported
2022-H22022-H2: 222023-H12023-H1: 332023-H22023-H2: 112024-H12024-H1: 112024-H22024-H2: 112025-H12025-H1: 002025-H22025-H2: 222026-H12026-H1: 00
Debt (A$m) · half-year basis, as reported
2022-H22023-H12023-H22023-H2: 002024-H12024-H1: 222024-H22024-H2: 112025-H12025-H1: 222025-H22026-H1

Fiscal years

Amounts in A$m · EPS in A$ per share · as reported
PeriodCalendar quarterRevenueNet incomeEPS (A$)OCFSource
FY2023Q3/2022–Q2/20230-6,483.5~-3.74-2.44

Half-years

Amounts in A$m · EPS in A$ per share · as reported
PeriodCalendar quarterPublishedNet incomeEPS (A$)FCFCashSource
2025-H2*Q1–Q2/20252025-09-26-0.41.65
2025-H1Q3–Q4/20242025-03-14-1.3-0.6408
2024-H2*Q1–Q2/20242025-09-26-1.20-0.80.65
2024-H1*Q3–Q4/20232024-03-15-0.68-2.10.67
2023-H2*Q1–Q2/20232024-09-30-3.740.8104
* derived: values with formula provenance (hover); Q4 = FY − 9M · H2 = FY − H1 · EPS via implied shares · net debt = financial debt − cash · FCF = OCF − |capex|.
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Balance Sheet & Cash Flow (A$m)#

Point-in-time balance sheet items (e.g. cash, financial debt) and cash flow items (operating cash flow, investments/capex) per fiscal year, half-year and quarter. Balance sheet values are as of the period end, flow items cover the period. Derived values are marked and are calculated, for example, as: net debt = financial debt − cash; free cash flow = operating cash flow − capex; the click popover shows formula and inputs. All values are extracted automatically from the filings; errors are possible; please verify decision-relevant figures yourself by clicking through to the linked original.

Fiscal years

Amounts in A$m · as reported
PeriodCalendar quarterPublishedCashDebtOCFCapexFCFSource
FY2025Q3/2024–Q2/20252025-09-261.6105
FY2024Q3/2023–Q2/20242025-09-260.61.3-1.81-2.85
FY2023Q3/2022–Q2/20232024-09-300.80-2.42.1-4.54
FY2022Q3/2021–Q2/20222023-09-212.2103

Half-years

Amounts in A$m · as reported
PeriodCalendar quarterPublishedCashDebtOCFCapexFCFSource
2026-H1Q3–Q4/20252026-03-120-0.5109
2025-H2Q1–Q2/20252025-09-261.65
2025-H1Q3–Q4/20242025-03-1402.2-0.68
2024-H2Q1–Q2/20242025-09-260.61.3-0.70-0.85
2024-H1Q3–Q4/20232024-03-150.61.6-11-2.17
2023-H2Q1–Q2/20232024-09-300.80-1.1104
2023-H1Q3–Q4/20222023-03-163.1-1.36
2022-H2Q1–Q2/20222023-09-212.2103
2022-H1Q3–Q4/20212023-03-164.13.6106
Debt = long-term + current · Net debt = debt − cash · FCF = OCF − capex.
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Products & M&A (4/8 active+recent)#

Product announcements from the reports; market launches, approvals, partnerships; with first mention (date) and source. “Active/current” means: still mentioned in the most recent reports; what the company no longer mentions moves to the expandable part but is never deleted. Rows in grey are discontinued products.

Product/LineSinceStatusSource
debt conversion agreement with Minerva Investment Company Limited for $2 million2026-02Launched9
capital raising of $9,358,2502026-01Launched9
Pre-Feasibility Study (PFS) completion2025-12Launched9
metallurgical test work program2025-12Launched9
mining activities commencement at Sturec Gold Mine2024-12Launched8
share placement2024-06Launched4
underground mining license extension2024Launched4
Sauvolles Lithium Project field exploration program (2x)2023-09Launched1
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M&A (11)#

All recorded acquisitions (purchases) and divestitures/exits with date, short description and source; deliberately including smaller transactions that summaries often miss. Purchase prices appear only where the company itself has disclosed them. Rows in grey are cancelled transactions; the cancellation date is shown in the row.

Acquisitions · 9Divestitures/exits · 1older: 1 (in the table)
20242025

Acquisitions

Transaction / stakeDateTypeSource
redeemable notes repayment2025-07Completed5
Mining One appointment as PFS Study Manager2024-12Completed8
redeemable note agreement variation2024-09Announced4
Trans Metal Fund LLP transaction discussion (2x)2024-08Completed4
Sauvolles Lithium Project acquisition (2x)2024-08Completed4
strategic placement - Tranche 2 (2x)2024Completed5
PFS and working capital facility (2x)2024Completed8
Strategic transaction discussions for Sturec Gold Mine2023-12Completed1
Updated Sturec Scoping Study (3x)2023-11Completed5
Slovakian Gold Project acquisition agreement2019-11Announced4

Divestitures / exits

Transaction / stakeDateTypeSource
Sturec Gold Project Sale Process2023-12Divested7
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Reported KPIs (as disclosed) (90)#

Figures the company discloses itself in addition to the standard financials; order intake, recurring revenue, user or unit counts, adjusted measures. These “story KPIs” usually slip through standard databases; here they are collected as reported, with no calculation of our own. Important: the definition comes from the company itself and can differ from firm to firm; period and source are stated next to every value.

Company-specific KPIs verbatim from the filings (English, as disclosed; not normalised). Balance-sheet and boilerplate items filtered.
DatePeriodKPIValue / changeSource
2025-09-26FY2024Weighted average number of ordinary shares (prior year)189,055,7045
2025-09-26FY2024Weighted average number of ordinary shares198,975,6645
2025-09-26FY2024Total undiscounted free cash flowsUS$910M (A$1,427M)5
2025-09-26FY2024Total LoM production tonnage17.6Mt @ 2.12 g/t AuEq5
2025-09-26FY2024Total LoM production1.139Moz AuEq5
2025-09-26FY2024Total LoM capital investmentUS$95.41M5
2025-09-26FY2024Silver contained22.210 Moz5
2025-09-26FY2024Pre-tax NPV8%US$768 million / A$1,205 million5
2025-09-26FY2024Pre-tax IRR162.0%5
2025-09-26FY2024Pre-production capitalUS$75.8M5
2025-09-26FY2024Plant production capacity2.3Mtpa5
2025-09-26FY2024Mining recovery95%5
2025-09-26FY2024Mining licence area9.47 sq km5
2025-09-26FY2024Mine life9 years5
2025-09-26FY2024Life of Mine operating cost estimateUS$1,107/oz AuEq5
2025-09-26FY2024JORC Measured, Indicated and Inferred Resource~2.7 million ounces of gold5
2025-09-26FY2024Gold equivalent contained2.868 Moz5
2025-09-26FY2024Gold contained2.686 Moz5
2025-09-26FY2024Exploration target37.9Mt to 58.2Mt at average grade of 1.79g/t AuEq to 2.75g/t AuEq for total ounces of between 2.18 Moz AuEq and 5.15 Moz AuEq5
2025-09-26FY2024Au recovery91%5
2025-09-26FY2024Ag recovery88%5
2025-03-142024-H2Net assets5,778,5978
2025-03-142024-H2Capitalised exploration and evaluation8,684,4288
2024-09-30FY2023Total liabilities2,330,8354
2024-09-30FY2023Total assets8,841,021 (AUD thousands)4
2024-09-30FY2023Shares issued195,920,5574
2024-09-30FY2023Net assets6,510,186 (AUD thousands)4
2024-03-152023-H2Withholding tax expense-550,0007
2024-03-152023-H2Travelling expenses-6,6837
2024-03-152023-H2Total non-current assets2,3247
2024-03-152023-H2Total liabilities2,883,6117
2024-03-152023-H2Total equity6,215,2327
2024-03-152023-H2Total current liabilities2,883,6117
2024-03-152023-H2Total current assets9,096,5197
2024-03-152023-H2Total assets9,098,8437
2024-03-152023-H2Sturec total undiscounted cashflowsUS$706.21M (A$1,103.45M)7
2024-03-152023-H2Sturec total LoM production1.134Moz AuEq7
2024-03-152023-H2Sturec silver contained22.210 Moz7
2024-03-152023-H2Sturec pre-production capitalUS$75.8M7
2024-03-152023-H2Sturec mine life9 years7
2024-03-152023-H2Sturec JORC Mineral Resource Total68.347Mt @ 1.22g/t Au and 10.11g/t Ag7
2024-03-152023-H2Sturec Gold Mine Pre-Tax NPV 8%US$506 million / A$791 million7
2024-03-152023-H2Sturec Gold Mine Pre-Tax IRR116.0%7
2024-03-152023-H2Sturec Gold Mine After-Tax NPV 8% ConservativeUS$239M (A$376M)7
2024-03-152023-H2Sturec Gold Contained2.686 Moz7
2024-03-152023-H2Sturec Capital InvestmentUS$95.41M7
2024-03-152023-H2Sturec AISCUS$927/oz AuEq7
2024-03-152023-H2Share-Based Payments-134,8507
2024-03-152023-H2Share Capital21,646,9477
2024-03-152023-H2Sauvolles Project Area~300km27
2024-03-152023-H2Sauvolles Mineral Claims5587
2024-03-152023-H2Reserves1,851,3227
2024-03-152023-H2Property, Plant and Equipment2,3247
2024-03-152023-H2Occupancy Costs-30,5877
2024-03-152023-H2Net Assets6,215,2327
2024-03-152023-H2Liabilities Classified as Held for Sale50,8217
2024-03-152023-H2Legal Expenses-13,4747
2024-03-152023-H2Interest Income2,5337
2024-03-152023-H2Exploration Expenses-170,0007
2024-03-152023-H2Exploration Target Ounces Low2.18 Moz AuEq7
2024-03-152023-H2Exploration Target Ounces High5.15 Moz AuEq7
2024-03-152023-H2Exploration Target Low37.9Mt7
2024-03-152023-H2Exploration Target High58.2Mt7
2024-03-152023-H2Exploration Target AuEq Low1.79g/t AuEq7
2024-03-152023-H2Exploration Target AuEq High2.75g/t AuEq7
2024-03-152023-H2Employment costs-100,3357
2024-03-152023-H2Directors fees412,9107
2024-03-152023-H2Deferred tax liability145,5907
2024-03-152023-H2Corporate compliance-76,1287
2024-03-152023-H2Consulting and advisory fees-25,0007
2024-03-152023-H2Capitalised exploration and evaluation07
2024-03-152023-H2Audit fees-21,0607
2024-03-152023-H2Assets classified as held for sale8,186,1317
2024-03-152023-H2Advertising and marketing-150,2957
2024-03-152023-H2Administration expenses-147,4067
2024-03-152023-H2Adina Lithium Project Intersection107.6m @ 1.34% Li2O7
2024-03-152023-H2Accumulated losses-17,283,0377
2023-10-302023-Q3Sturec Gold Mineral Resource Estimate68.347Mt @ 1.22g/t Au and 10.11g/t Ag (1.31g/t AuEq)2
2023-10-302023-Q3Sturec Gold Contained Silver22.210 Moz2
2023-10-302023-Q3Sturec Gold Contained Gold Equivalent2.868 Moz2
2023-10-302023-Q3Sturec Gold Contained Gold2.686 Moz2
2023-10-302023-Q3Sauvolles Lithium Project Area300km22
2023-09-21FY2022total equity7,067,337 (AUD $)3
2023-09-21FY2022Total assets8,161,382 (AUD $)3
2023-09-21FY2022exploration and evaluation expenditure7,244,9993
2023-09-21FY2022Net assets7,067,337 (AUD millions)3
2023-09-21FY2022cash and cash equivalents816,540 (AUD millions)3
2023-03-162022-H2Total assets9,135,097 (AUD millions)6
2023-03-162022-H2Net assets7,966,410 (AUD millions)6
2023-03-162022-H2capitalised exploration and evaluation5,955,1846
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Development#

A condensed summary per reporting period as running text: what changed operationally, which drivers management names, how earnings and cash flow developed. Most recent period first, grouped by year; each text is written from the original report of that period, superscript numbers lead to the source.

FY2025

Global Gold Mining Limited recorded a net loss of $1.7 million in FY2025 (105), with a cash position of $1.6 million at period end (105). Development activity in FY2025 centred on the Sturec Gold Project in Slovakia, where in-adit channel sampling was completed and a metallurgical test work campaign was initiated during the half year (9). An updated Scoping Study delivered a pre-tax NPV8% of US$768 million and an IRR of 162%, with a projected 9-year mine life producing 1.139 million ounces of gold equivalent (9). Subsequent to period end, the company completed a capital raising of $9,358,250 at $0.205 per share and arranged a $2 million debt conversion to Minerva Investment Company, alongside a comprehensive board restructuring (9).

FY2024

Global Gold Mining Limited recorded a net loss of A$2,512,183 for FY2024, widening from A$2,263,451 in the prior year, with cash of A$0.6 million at 30 June 2024 (5, 105). The company advanced development of the 2.7 Moz Sturec Gold Project in Slovakia, completing a revised underground-only Scoping Study that returned a pre-tax NPV8% of US$768 million and IRR of 162%, reflecting improved gold and silver price assumptions and enhanced mining methods (5). A PFS and Working Capital Facility of up to A$5 million was secured to fund progression to a Pre-Feasibility Study, with Mining One Pty Ltd appointed as Study Manager and PFS completion targeted for Q4 2025 (5). Mining activities commenced on 1 December 2024 from the main Andrej Adit in a small-scale operation designed to de-risk the project and maintain Mining Licence validity (5). Strategic placements aggregating A$3.3 million (A$1.3 million during the year, A$2.0 million in July 2025) were completed to strengthen the balance sheet and fund working capital requirements (5).

FY2023

For FY2023, the company recorded nil revenue (103), consistent with its pre-production, exploration-stage status. The full-year net loss narrowed to AUD 2,263,451 from AUD 6,483,519 in the prior year, while cash and cash equivalents declined from AUD 816,540 to AUD 628,398 (4). Operations were funded through a share placement raising AUD 1,602,172 and redeemable notes totalling AUD 1,300,000 raised during the year (4). A Scoping Study for the Sturec Gold Mine was completed demonstrating a pre-tax NPV8% of US$506 million and IRR of 116% for an underground-only mining operation, and the asset was classified as held for sale with Minmetals Securities Co. subsequently appointed as strategic advisor (7, 1). An agreement to acquire the Sauvolles Lithium Project, a district-scale hard-rock lithium exploration project in Quebec, Canada, was also signed during the period (7, 2).

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Sources: official investor relations documents#

All original documents used, with type (e.g. quarterly, half-year, annual report), publication date and a direct link to the filing (EDINET/SEC/IR). Every superscript number in the report points to an entry in this list; so every figure can be traced back to its place in the original.

9 documents · 2023 – 2026 · IR
#Document typePublishedLink
#6 / #106IR-Half2023-03-16Open
#3 / #103IR-Annual2023-09-21Open
#2IR-Quarter2023-10-30Open
#1IR-Quarter2024-01-30Open
#7 / #107IR-Half2024-03-15Open
#4 / #104IR-Annual2024-09-30Open
#8 / #108IR-Half2025-03-14Open
#5 / #105IR-Annual2025-09-26Open
#9 / #109IR-Half2026-03-12Open

FAQ#

Where can I find the official investor relations documents of Global Gold Mining Limited?

The sources chapter links all 16 original filings used (IR documents) with type, publication date and a direct link; every figure in the report carries a source number.

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