What Great Western Exploration does

Great Western Exploration Limited (ASX: GTE) is an Australia-domiciled, Perth-based mineral exploration company that engages in copper, gold, and base metal exploration across two core projects in Western Australia. Its flagship asset is the Yerrida North Project, located approximately 800km north-east of Perth and adjacent to the producing DeGrussa and Monty copper-gold VHMS (Volcanic Hosted Massive Sulphide) deposits in the Pilbara region. The company targets DeGrussa-style VHMS copper-gold mineralisation in what it describes as a significantly under-explored basin, with multiple prospects including Juggernaut (six individual drill targets defined by geological mapping, surface sampling, and modelling), Diorama (a target with mapped gossanous quartz outcrop exceeding 100m and no prior drilling), and Baroo (a previously unmapped quartz vein returning peak copper of 1,150ppm). Its secondary asset, the Lake Way Potash Project, covers granted tenure over the downstream continuation of the main basal paleochannel adjacent to Salt Lake Potash Limited's development area.

The company's underlying technology is conventional mineral exploration: VHMS targeting methodology combining lag soil sampling, rock-chip sampling, geological mapping, structural interpretation, and air core and reverse circulation (RC) drilling programmes. Rock-chip results at Juggernaut have returned silver (0.24–20 g/t), lead (145–4,460 ppm), zinc (682–4,850 ppm), and copper (427–850 ppm). The company has built interpretive advantage through reinterpretation of legacy Xstrata (mid-to-late 2000s) lag and soil sampling data combined with new field mapping to define drill targets.

Great Western Exploration is pre-revenue and does not currently generate operating revenue; value is derived entirely from exploration success and the future potential for joint venture agreements, asset sales, or development of mineral discoveries. The company funds operations through ASX-listed equity capital and communicates primarily through regulatory ASX announcements, an investor presentation on its corporate website, and direct investor relations engagement via Read Corporate. Its primary 'customers' are ASX investors seeking leveraged exposure to copper-gold discovery potential, with a secondary audience of potential joint venture partners or acquirers (major mining companies) interested in advanced, drill-ready targets in a proven VHMS terrane.

Name

Great Western Exploration

Legal name

Great Western Exploration Limited

Website

https://greatwesternexploration.com.au

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1–10 employees

Short description

Great Western Exploration Limited (ASX: GTE) is a Perth-based, pre-revenue mineral explorer targeting copper-gold VHMS mineralisation at its flagship Yerrida North Project adjacent to the DeGrussa deposit in Western Australia, with a secondary potash project at Lake Way, funded through ASX equity markets.

Ownership category

akta.pro rank

Product category

Mining Exploration Services

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Metal Ore Mining (2122), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000), Gold And Silver Ores (1040)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

Keywords

• Copper gold exploration
• Base metal exploration
• Mining exploration services
• VHMS deposit exploration
• Mineral exploration projects

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Exploration Success / Asset Development: As a pre-revenue exploration company, Great Western Exploration does not currently generate operating revenue. Future revenue potential would derive from successful discovery of mineral deposits leading to development, joint venture agreements, or asset sales to larger mining companies. The company's value is derived from exploration success and discovery of copper-gold VHMS mineralisation.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Great Western Exploration Limited (ASX:GTE) is a copper, gold and base metal exploration company that conducts field work programmes across multiple exploration projects in Western Australia. The company's flagship Yerrida North Project targets Volcanic Hosted Massive Sulphide (VHMS) copper-gold mineralisation adjacent to the DeGrussa and Monty deposits, using geological mapping, lag soil sampling, rock-chip sampling, and drilling programmes. The company also holds the Lake Way Potash Project targeting potash brine mineralisation.

Product overview

Great Western Exploration is a copper, gold and base metal explorer listed on the ASX (GTE) with exploration tenure near the DeGrussa Copper-Gold Deposit. The company operates two core projects: the flagship Yerrida North Project targeting VHMS Copper-Gold mineralisation through multiple prospects (Juggernaut with six drill targets, Diorama, and Baroo), and the Lake Way Potash Project covering potash brine deposits. The portfolio is focused on under-explored opportunities in the Pilbara region of Western Australia.

Differentiator

Problem solved

Functional benefit

Products and services

• Yerrida North Project

Quantifiable outcome

• Rock-chip results at Juggernaut: silver (0.24g/t to 20g/t), lead (145ppm – 4,460ppm), zinc (682ppm – 4,850ppm), copper (427ppm – 850ppm)
• +2 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• KH Morgan and Associates (Kevin Morgan)minorStrategic or Co-development PartnerKevin Morgan is a highly regarded industry veteran and expert hydrogeologist engaged by Great Western to complete an assessment of historical work at and surrounding the Lake Way Potash Project, along with passive seismic survey interpretation. This is a consulting engagement for technical expertise rather than a formal commercial partnership.

Scale indicators4 records

Recent moves1 record

Expansion highlights5 records

Direct peers

• Strickland Metals: ASX-listed gold and copper-gold explorer with projects in WA. Comparable as a small-cap WA-focused copper-gold explorer with a multi-target approach.
• Rex Minerals: ASX-listed copper-gold explorer/developer with the Hillside project in South Australia. Comparable commodity mix (copper-gold), project stage, and ASX small-mid cap profile.
• Coda Minerals: ASX-listed copper-cobalt explorer at the Emmie Bluff project in South Australia. Comparable as a junior copper-focused explorer with a defined resource target and ASX small-cap profile.
• Caravel Minerals: ASX-listed copper developer/explorer with the Caravel Copper Project in WA's Wheatbelt. Comparable commodity focus (copper), WA jurisdiction, and small-cap scale.
• Encounter Resources: ASX-listed junior copper-gold explorer with projects in the Paterson Province and Yilgarn region of Western Australia. Comparable as an ASX small-cap copper-gold explorer with similar market cap and project scale.
• Cyprium Metals: ASX-listed copper developer/explorer focused on the Paterson Province and Cue copper-gold projects in WA. Comparable as an ASX-listed copper-focused junior.
• Auris Minerals: ASX-listed copper-gold explorer focused on the Bryah Basin in Western Australia, also targeting VHMS-style mineralisation in the same broader region. Closely comparable geology and stage.

Broad incumbents

• Capricorn Metals: ASX-listed gold producer with copper-gold exploration exposure. Comparable commodity mix and WA exposure, but at a more advanced (producer) stage.
• Sandfire Resources: Owner and operator of the DeGrussa copper-gold VHMS mine directly adjacent to Great Western's Yerrida North Project. The most relevant geological and commercial analogue — its mine is the proof-of-concept target that GTE is exploring for analogues of.

Regional players

• Legacy Iron Ore: ASX-listed WA-focused mineral explorer/producer with gold and base metals exposure. Comparable as a small-cap WA-listed mineral explorer, though focused on iron ore and gold rather than copper-gold VHMS.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Great Western Exploration