Welcome to GGG Resources PLC

Hardman & Co publishes First Equity Research on GGG Resources

Leading independent equity researcher house Hardman & Co. publishes its first note on GGG, with a share price target of 60p. Read Hardman & Co's note here.

Proposed merger with Auzex Resources

We are delighted that, following many weeks of negotiation, we have been able to reach agreement with Auzex Resources about the future of Bullabulling.

It is our intention to merge with Auzex Resources, and together we will form a new company called Bullabulling Gold Limited.  This company will be focused solely on our exciting Bullabulling gold project, and Auzex will spin out its other assets.

Bullabulling Gold will benefit from a unified management team drawn from both GGG and Auzex.  Looking ahead, and it will also be appointing senior independent directors who have experience working on similar projects in Western Australia. 

Bullabulling Gold Limited will also have its own budget and will be listed in due course on the ASX and AIM markets, giving it access to global capital.  

We are very pleased with the outcome and both companies are happy to recommend this deal to our respective shareholders.

Read more about the proposed merger here.

September 11th 2011
Watch MD Jeff Malaihollo explain the reason for the merger and why he thinks there’s plenty more to come from Bullabulling.

About GGG

GGG Resources plc is a publicly quoted mining exploration company. We are focused on a single project called Bullabulling, in the goldfields of Western Australia.

Bullabulling is a former open pit gold mine in the Coolgardie region, which we own jointly (50:50) with Auzex Resources Limited.

The project has around 2.6m ounces of inferred resources.  We are currently conducting resource drilling and bringing Bullabulling through feasibility. At the same time we continue to explore to increase the overall size of the resource, which we think can grow substantially.

We aim to fast-track Bullabulling into gold production.

In the coming years, we will continue exploring more of our 131km² permitted tenement, as the historical geological data suggests there could be considerably more gold to commercially develop.