Golden Dragon Mining

What Golden Dragon Mining does

Golden Dragon Mining is an Australian, ASX-listed (GDR) junior exploration company focused on the discovery of gold and critical minerals in Western Australia. The company holds three exploration projects: the Cue Project in the Murchison region (over 600 km² across three exploration licences along the Big Bell Shear Zone, 15 km from the 2.9 Moz Big Bell deposit), the Stella Range Project in the northeast Eastern Goldfields (prospective primarily for nickel sulphide, with secondary nickel laterite, gold, and PGE targets, and a historical BHP farm-in dataset from 2013-2019), and the Narndee-Fenceline Project targeting VMS-hosted copper-zinc and nickel-copper-PGE deposits within the Narndee Layered Intrusive Complex. The company's core technology is conventional mineral exploration: RC and diamond drilling, helicopter EM surface geophysics, geological compilation and interpretation, and structural targeting of orogenic gold mineralisation along second-order shear zones and komatiite-hosted nickel sulphide systems in the Archean Yilgarn Craton.

The business is pre-revenue and pre-production. The company completed its IPO and ASX listing on 14 October 2025, advised by Moray & Agnew Lawyers, with a roadshow hosted by Tiger Brokers. The stated go-to-market is sales-led investor relations targeting retail and small-cap institutional investors through media coverage, webinars, LinkedIn, X, and platforms such as TipRanks and Stockhead. The headcount of 1-10 employees and the management team — led by Managing Director and geologist Simon Buswell-Smith (15+ years WA exploration experience, ex-Kin Mining and Great Southern Mining), Non-Executive Chairperson Rhoderick Grivas (30+ years mining executive experience, currently a director of Lexington Gold), and Non-Executive Directors Francesco Cannavo and Sam Zheng (asset manager with A$200M+ portfolio) — reflect a typical junior explorer structure. Maiden drilling at the Coodardy prospect within the Cue Project returned intercepts of 8m at 7.3 g/t gold from 20m depth and 16m at 1.7 g/t gold, confirming a 700m continuous high-grade near-surface oxide trend, and a follow-up drilling campaign was launched in February 2026 to extend the mineralisation.

The intended revenue model is one-time sale of extracted minerals (gold, nickel, copper, PGE) once resources are defined and a production pathway is established. The primary route is potential toll-treatment arrangements with established regional producers (Westgold Resources, New Murchison Gold, Ramelius Resources) whose processing facilities are nearby in the Murchison region, which would allow Golden Dragon to fast-track production without building a captive mill. There are no current offtake agreements, no disclosed customers, no recurring revenue, and no pricing model in place. As an exploration-stage company, Golden Dragon is dependent on equity capital markets for funding ongoing drilling and resource definition, and on commodity prices (gold recently near US$4,996/oz) for the eventual economics of any discovery.

Name

Golden Dragon Mining

Legal name

Golden Dragon Mining

Website

https://goldendragonmining.com.au

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Golden Dragon Mining is an ASX-listed (GDR) junior explorer exploring for gold and critical minerals (nickel, copper, PGE) across three projects in Western Australia, including the Cue Project in the Murchison region. Pre-revenue and pre-production, it plans to monetise discoveries via toll-treatment with nearby gold producers.

Ownership category

akta.pro rank

Product category

Gold and Critical Minerals Exploration

NAICS

Gold Ore and Silver Ore Mining (212220), Other Metal Ore Mining (21229)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

akta.pro secondary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Gold exploration
• Critical minerals exploration
• Nickel sulphide targeting
• Mineral resource discovery
• Mining exploration drilling

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Gold Production (Future): Pre-revenue exploration stage. Once resources are defined, the company plans to mine and sell gold, potentially via toll-treatment arrangements with nearby processing facilities operated by Westgold Resources, New Murchison Gold, or Ramelius Resources.
2. Critical Minerals (Future): Exploration for nickel, copper, PGE and platinum group elements at Stella Range and Narndee-Fenceline projects. Revenue would come from sale of extracted minerals upon commercial production.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Golden Dragon Mining is an Australian-based gold and critical minerals exploration company that explores and develops gold, nickel, copper, and platinum group element (PGE) deposits across three project areas in Western Australia. The company conducts exploration drilling including RC and diamond drilling, geological interpretation, and surface geophysics to identify orogenic gold and komatiite-hosted nickel sulphide deposits, with a future toll-treatment pathway for ore processing once resources are defined.

Product overview

Golden Dragon Mining is an Australian-based gold and critical minerals exploration company operating three distinct exploration projects in Western Australia. The Cue Project focuses on gold exploration in the Murchison region near the Big Bell Shear Zone, while the Stella Range and Narndee-Fenceline projects target critical minerals including nickel sulphides, copper-zinc, and platinum group elements. The company is not a product/software company; its offerings consist of exploration tenure and drilling programs aimed at resource discovery.

Differentiator

Problem solved

Functional benefit

Products and services

• Cue Project Gold exploration project located 70 km west of Meekatharra in Western Australia's Murchison region and 15 km from the Big Bell gold deposit (2.9 Moz). The project covers over 600 km² across three exploration licences and is prospective for orogenic gold mineralisation along the Big Bell Shear Zone. It benefits from established mining infrastructure and nearby processing facilities.
• Stella Range Project Critical minerals exploration project in the northeast corner of the Eastern Goldfields Province of Western Australia, located approximately 120 km SE of the Laverton Goldfield (20+ Moz Au) and 100 km east of the Tropicana Gold field (10+ Moz Au). The project is primarily prospective for nickel sulphide mineralisation, with secondary targets including nickel laterite, gold, and platinum group elements.
• Narndee-Fenceline Project Critical minerals exploration project located in the northeast corner of the Eastern Goldfields Province of Western Australia, approximately 500 km northeast of Perth and 75 km southeast of Mt Magnet. The project covers the eastern portion of the Narndee Layered Intrusive Complex and is prospective for VMS-hosted copper-zinc deposits and nickel-copper-PGE deposits based on favourable geology and conceptual targeting.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Sante Fe (Historical)minorStrategic or Co-development Partner · 1 January 2018Sante Fe completed a soil program over a portion of the Narndee LIC on E59/2633 in 2018, where the highest nickel value of 740ppm was identified at the basal contact location. This was a historical exploration arrangement.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Great Southern Mining: ASX-listed junior gold explorer where MD Simon Buswell-Smith held a key management role. Highly comparable as a WA-focused gold junior explorer with similar early-stage characteristics.
• Black Cat Syndicate: ASX-listed gold junior in Western Australia in which director Sam Zheng has managed investments. Comparable as a small-cap WA-focused gold explorer and a portfolio comp for non-executive director alignment.
• Kin Mining: ASX-listed junior gold explorer/developer where Managing Director Simon Buswell-Smith previously held a key management position. Directly comparable as a WA-focused gold junior, and a meaningful proxy for evaluating Golden Dragon's operational trajectory.
• Western Mines Group: ASX-listed junior mining exploration company where director Francesco Cannavo is a Non-Executive Director. Comparable as a small-cap exploration junior with shared board-level expertise.
• St George Mining: ASX-listed junior exploration company that previously partnered with BHP on the Stella Range nickel sulphide project now owned by Golden Dragon. Comparable as a nickel sulphide and critical minerals explorer in Western Australia with similar early-stage economics.

Broad incumbents

• Bellevue Gold: ASX-listed gold developer/producer that progressed from explorer to producer in Western Australia. Comparable as a benchmark for the development pathway Golden Dragon could follow if exploration success continues.
• Capricorn Metals: ASX-listed mid-tier gold producer with operations in Western Australia. Comparable as a benchmark for the successful execution arc from junior explorer to producer within the same regional mining environment.
• Chalice Mining: ASX-listed critical minerals (nickel-copper-PGE) explorer/developer focused on Western Australia. Comparable as a benchmark for the value-creation arc of a successful Yilgarn Craton critical minerals explorer.

Regional players

• Westgold Resources: Established Australian gold producer operating multiple mines and processing plants in the Murchison region. Comparable as a potential toll-treatment partner and a benchmark for what a successful regional gold producer looks like.
• Ramelius Resources: Mid-tier Australian gold producer operating in the Murchison region of Western Australia and a potential toll-treatment partner for Golden Dragon. Comparable as a regional gold producer and direct counterparty in the toll-treatment business model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/golden-dragon-mining

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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 Golden Dragon Mining