Golden State Mining
Golden State Mining Limited (ASX: GSM) is a pre-revenue Western Australian mineral exploration company targeting lithium, gold, base metals, and rare earths across the Yule and Southern Cross East projects. It serves shareholders and the investor community through capital markets rather than commercial customers.
- Company typePublic
- Founded2017
- HeadquartersPerth, Australia
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Golden State Mining does
Golden State Mining Limited (ASX: GSM) is a pre-revenue Australian mineral exploration company headquartered in West Perth that was founded in 2017. The company targets lithium, gold, base metals (nickel, cobalt, copper), and rare earth elements in Western Australia through two primary projects: the flagship 730 km² Yule Project in the Mallina Basin of the Pilbara Region, and the Southern Cross East Project in the Eastern Goldfields. Exploration methodology combines geophysical surveys (VTEM, aeromagnetic), geochemical sampling, and air core and RC drilling to generate drill targets across identified shear zones and pegmatite corridors. The Yule Project is positioned approximately 45 km southwest of Port Hedland and benefits from proximity to De Grey Mining's Hemi gold discovery, which validates the regional prospectivity. The Southern Cross East Project, acquired through state-wide targeting analysis, has produced anomalous gold and copper values in soil sampling and initial air core drilling.
Golden State Mining operates a lean structure with a four-person leadership team (Chairman, Managing Director, Non-Executive Director, and a technical exploration specialist) and 1-10 total employees. The company's business model is exploration-stage value creation rather than near-term production: it generates no current revenue, and the principal monetization pathways are project sale, joint venture, or progression to mine development contingent on delineating a commercially viable resource. As an ASX-listed entity, its primary commercial interface is the capital markets — institutional and retail investors reached through ASX announcements, investor presentations, corporate roadshows, and a digital presence across LinkedIn, Twitter/X, Instagram, and YouTube. Recent management activity includes the December 2025 transition of the chair role from Gregory Hancock to Peter Williams.
The corporate entity, Golden State Mining Limited, is incorporated in Western Australia as a public limited company with no identified parent or subsidiaries. There are no disclosed major shareholders, no funding rounds catalogued in the input data, and no commercial customers — the company's economic relationship is with shareholders funding ongoing exploration programs. Reported exploration results include 14m @ 0.51% Ni & 0.033% Co from 38m at Balla Yule and 4m @ 2.3 g/t Au including 1m @ 7.6 g/t Au from 99m at Yule South, which are early-stage intercepts rather than resource delineations.
Golden State Mining firmographics
Firmographics- Name
- Golden State Mining
- Legal name
- Golden State Mining Limited
- Website
- https://goldenstatemining.com.au
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Golden State Mining Limited (ASX: GSM) is a pre-revenue Western Australian mineral exploration company targeting lithium, gold, base metals, and rare earths across the Yule and Southern Cross East projects. It serves shareholders and the investor community through capital markets rather than commercial customers.
- Ownership category
- akta.pro rank
Golden State Mining industry classification
Industry- Product category
- Mineral Exploration Services
- NAICS
- Gold Ore and Silver Ore Mining (21222), Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)
- SIC
- Gold And Silver Ores (1040), Metal Mining (1000)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Exploration & Resource Development (Critical Minerals) (IMAKAFAL)
Keywords
Where Golden State Mining is headquartered
LocationHeadquarters
- HQ city
- Perth
- HQ country
- Australia
- HQ region
- Oceania
Offices1 record
Markets served
Golden State Mining business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Others
Revenue model
- Exploration Asset Development: Pre-revenue mineral exploration company. Generates no current revenue. Value creation through drilling success, resource delineation, and either project sale/joint venture or mine development.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Golden State Mining product offering
Product offeringCore offering
Golden State Mining is a mineral exploration company that identifies, acquires and advances exploration tenements targeting lithium, gold, base metals (nickel, cobalt, copper) and rare earth elements in Western Australia. Its principal asset is the 100%-owned Yule Project (730 km²) in the Mallina Basin of the Pilbara Region, supplemented by the Southern Cross East Project in the Eastern Goldfields. The company conducts geophysical surveys, geochemical sampling and drilling programs (air core and RC) to delineate mineral resources for eventual development, joint venture or sale.
Product overview
Golden State Mining is a mineral exploration company operating as a single-focused business with two primary exploration projects in Western Australia. The Yule Project (100% owned, 730km²) in the Pilbara Region targets lithium, gold, base metals, and rare earth elements in the Mallina Basin near the world-class Hemi discovery. The Southern Cross East Project focuses on gold and copper exploration in the Eastern Goldfields. Both projects employ geophysical surveys, geochemical sampling, and drilling programs (air core and RC drilling) to identify and evaluate mineral targets.
Differentiator
Problem solved
Functional benefit
Products and services
- Yule Project A 100%-owned mineral exploration project covering approximately 730 km² in the Mallina Basin, Pilbara Region of Western Australia. The project targets lithium, gold, base metals (Ni-Co-Cu) and rare earth elements, with key prospects including Balla Yule (Ni-Co-Cu-Li target) and multiple gold target areas along the Sholl Shear Zone and Yule River Shear Zone. Located 45 km southwest of Port Hedland with proximity to existing infrastructure.
- Southern Cross East Project An exploration project in the Eastern Goldfields region of Western Australia targeting underexplored gold-bearing structures. Identified through state-wide search of unexplored regions, with geochemical soil sampling producing anomalous gold and copper values and a first drilling program delivering anomalous gold values in air core holes.
Quantifiable outcome
- 14m @ 0.51% Ni & 0.033% Co from 38m at Balla Yule prospect
- +4 more outcomes
Companies that use Golden State Mining
Customer profileSegments1 record
Ideal customer profiles1 record
Golden State Mining technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Golden State Mining partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- De Grey Mining LtdminorDe Grey Mining's world-class Hemi gold discovery is located near Golden State Mining's Yule Project in the Mallina Basin. While not a formal partnership, the proximity validates the prospectivity of the region and provides a positive precedent for exploration success in the West Pilbara Craton.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Golden State Mining competitors and assessment
Company assessmentDirect peers
- Great Boulder Resources: ASX-listed gold and lithium explorer focused on the Pilbara and Eastern Goldfields regions of Western Australia. Direct peer with overlapping commodities and geographies; notably shares Chris Tuckwell as Non-Executive Chairman, indicating close management and strategic alignment with Golden State Mining.
- Novo Resources: ASX-listed gold explorer focused on conglomerate and intrusion-related gold in the Pilbara region. Comparable peer targeting similar geological settings and commodity exposure to Golden State Mining within Western Australia.
- De Grey Mining: ASX-listed gold explorer and the discoverer of the world-class Hemi gold deposit in the Mallina Basin, immediately adjacent to Golden State Mining's Yule Project. The defining peer for prospectivity validation in this basin, providing the geological precedent that underpins Golden State Mining's exploration thesis.
- Kairos Minerals: ASX-listed gold and lithium explorer with projects in the Pilbara region of Western Australia. Direct peer targeting similar shear-zone and intrusion-related gold systems in the same geological province as Golden State Mining's Yule Project.
- Arrow Minerals: ASX-listed gold and base metals explorer in Western Australia, with Chris Tuckwell serving as a Non-Executive Director (matching his role at Golden State Mining). Direct peer via shared management and comparable WA-focused early-stage exploration profile.
- Aurumin Limited: ASX-listed gold explorer with projects in Western Australia, including in the Eastern Goldfields region. Direct peer as a similarly-sized junior gold explorer pursuing underexplored structures in the same WA gold province as Golden State Mining's Southern Cross East Project.
- Artemis Resources: ASX-listed Pilbara-focused gold and base metals explorer. Comparable to Golden State Mining as a small-cap WA explorer pursuing multi-commodity opportunities (gold, copper, lithium) in the Pilbara region with similar exploration-stage profile and target types.
- African Gold: ASX-listed gold explorer with operations in West Africa, chaired or directed by Peter Williams in his capacity as Golden State Mining Chairman. Direct peer through shared leadership and similar early-stage gold exploration business model.
- Benz Mining: ASX-listed exploration company with gold and base metals projects in Australia, directed by Peter Williams (Golden State Mining Chairman). Comparable peer through shared leadership and similar early-stage mining exploration model.
Broad incumbents
- Calidus Resources: ASX-listed gold producer with the operating Hemi gold project in the Pilbara region of Western Australia. Broader incumbent in the same gold district where Golden State Mining explores, providing a commercial benchmark for the gold potential Golden State Mining is targeting at Yule.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights5 records
Customer concentration
Golden State Mining social profiles
Digital presenceGolden State Mining financial estimates
Financial estimateRevenue estimate
Valuation estimate
Golden State Mining leadership team
Management profileNumber of profiles
Profiles4 records
Golden State Mining funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Golden State Mining M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Golden State Mining
What does Golden State Mining do?
Golden State Mining is a mineral exploration company that identifies, acquires and advances exploration tenements targeting lithium, gold, base metals (nickel, cobalt, copper) and rare earth elements in Western Australia. Its principal asset is the 100%-owned Yule Project (730 km²) in the Mallina Basin of the Pilbara Region, supplemented by the Southern Cross East Project in the Eastern Goldfields. The company conducts geophysical surveys, geochemical sampling and drilling programs (air core and RC) to delineate mineral resources for eventual development, joint venture or sale.
Is Golden State Mining a public or private company?
Golden State Mining is a public company. It is classified as public and is currently operating.
When was Golden State Mining founded?
Golden State Mining was founded in 2017. It employs 1 to 10 people.
Where is Golden State Mining based?
Golden State Mining is headquartered in Perth, Australia, in the Oceania region.
How does Golden State Mining make money?
One revenue line is on record: exploration Asset Development.
Who are Golden State Mining's main competitors?
Direct peers on record are Great Boulder Resources, Novo Resources, De Grey Mining, Kairos Minerals, Arrow Minerals, Aurumin Limited, Artemis Resources, African Gold and Benz Mining. Calidus Resources is listed as a broad incumbent.
Does Golden State Mining have an API?
No public API is recorded for Golden State Mining.
What industry is Golden State Mining in?
Golden State Mining's product category is Mineral Exploration Services. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAFAL, Exploration & Resource Development (Critical Minerals). Its NAICS code is 21222 and its SIC code is 1040.