GDR: Quarterly Activities/Appendix 5B Cash Flow Report
Original announcement by asx on
- Company
- Golden Dragon Mining Ltd
- Ticker
- GDR
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- Arsenic, Antimony
- Document categories
- Drill results, Capital raise, Other
- Extracted
- 2026-10-20 23:10:34 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Golden Dragon Mining reported high-grade gold resampling results at the Coodardy and Behring Bore prospects, including a 1m @ 59.20 g/t Au intercept. The company also completed a A$2.2 million strategic investment from Chengtun Gold and identified a 3km gold-in-soil anomaly. A 2,800m RC drilling program has been completed with assays pending.
Reasoning: The report combines high-grade resampling results and a significant strategic capital raise, though the main drilling campaign results are still pending.
Positive factors
- High-grade resampling results at Coodardy and Behring Bore
- Strategic cornerstone investment from Chengtun Gold
- Identification of kilometre-scale gold-in-soil anomalies
- Mineralisation remains open in multiple directions
Negative factors
- Assays for the recent 2,800m RC drilling program are still pending
Facts used in scoring: 15
Classification and evidence
Bonanza Interceptpositive
Exceptionally high-grade zone, well above the deposit-type norm.
Why it applies: 1m @ 59.20 g/t Au is exceptionally high grade.
Evidence · text
“1m @ 59.20 g/t Au”
QA/QC Disclosedpositive
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The report mentions resampling and re-assaying of previous drilling.
Evidence · text
“1-metre resampling and re-assaying of previous drilling”
Step-Out Extensionpositive
Mineralization extended beyond the previously known limit.
Why it applies: The program successfully extended the known mineralised system.
Evidence · text
“The program successfully extended the known mineralised system”
Extracted facts
Stored fact records: 15. Some facts used in scoring do not have a stored record.
Drill Results (15)
26BB045Cue · goldGrade: 6.98Grade Unit: g/tIntercept: 4 mView all detailsHide details
Identity
- Hole ID
- 26BB045
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 6.98
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 36 m
- To
- 40 m
- Intercept Depth
- 36 m
Classification
- Sample Type
- drill
- Group ID
- 26BB045:36-40
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: New high-grade intercept in a quartz lode.
Positive factors
- High-grade quartz lode intersection
Evidence · text
“4m @ 6.98 g/t Au from 36m (26BB045)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26BB045Cue · goldGrade: 3.64Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26BB045
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 3.64
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 36 m
- To
- 44 m
- Intercept Depth
- 36 m
Classification
- Sample Type
- drill
- Group ID
- 26BB045:36-44
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Broader mineralised zone containing the high-grade intercept.
Evidence · text
“within a broader zone of 8m @ 3.64 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD014Cue · goldGrade: 6.42Grade Unit: g/tIntercept: 11 mView all detailsHide details
Identity
- Hole ID
- 26CD014
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 6.42
- Grade Unit
- g/t
- Intercept
- 11 m
- From
- 45 m
- To
- 56 m
- Intercept Depth
- 45 m
Classification
- Sample Type
- drill
- Group ID
- 26CD014:45-56
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: High-grade resampling of previous drilling.
Positive factors
- Outstanding high-grade resampling result
Evidence · text
“11m @ 6.42 g/t Au from 45m (incl. 1m @ 59.20 g/t Au, 26CD014)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD014Cue · goldGrade: 59.2Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 26CD014
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 59.2
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 45 m
- To
- 46 m
- Intercept Depth
- 45 m
Classification
- Sample Type
- drill
- Group ID
- 26CD014:45-46
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Exceptional high-grade sub-interval identified via resampling.
Positive factors
- Bonanza grade intercept
Evidence · text
“1m @ 59.20 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD012Cue · goldGrade: 5.02Grade Unit: g/tIntercept: 6 mView all detailsHide details
Identity
- Hole ID
- 26CD012
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 5.02
- Grade Unit
- g/t
- Intercept
- 6 m
- From
- 28 m
- To
- 34 m
- Intercept Depth
- 28 m
Classification
- Sample Type
- drill
- Group ID
- 26CD012:28-34
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: High-grade resampling of previous drilling.
Positive factors
- High-grade resampling result
Evidence · text
“6m @ 5.02 g/t Au from 28m (incl. 1m @ 28.10 g/t Au, 26CD012)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD012Cue · goldGrade: 28.1Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 26CD012
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 28.1
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 28 m
- To
- 29 m
- Intercept Depth
- 28 m
Classification
- Sample Type
- drill
- Group ID
- 26CD012:28-29
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Exceptional high-grade sub-interval identified via resampling.
Positive factors
- Bonanza grade intercept
Evidence · text
“1m @ 28.10 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26BB012Cue · goldGrade: 4.35Grade Unit: g/tIntercept: 7 mView all detailsHide details
Identity
- Hole ID
- 26BB012
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 4.35
- Grade Unit
- g/t
- Intercept
- 7 m
- From
- 44 m
- To
- 51 m
- Intercept Depth
- 44 m
Classification
- Sample Type
- drill
- Group ID
- 26BB012:44-51
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: High-grade resampling of previous drilling.
Positive factors
- High-grade resampling result
Evidence · text
“7m @ 4.35 g/t Au from 44m (incl. 1m @ 25.30 g/t Au, 26BB012)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26BB012Cue · goldGrade: 25.3Grade Unit: g/tIntercept: 1 mView all detailsHide details
Identity
- Hole ID
- 26BB012
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 25.3
- Grade Unit
- g/t
- Intercept
- 1 m
- From
- 44 m
- To
- 45 m
- Intercept Depth
- 44 m
Classification
- Sample Type
- drill
- Group ID
- 26BB012:44-45
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Exceptional high-grade sub-interval identified via resampling.
Positive factors
- Bonanza grade intercept
Evidence · text
“1m @ 25.30 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD031Cue · goldGrade: 2.55Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26CD031
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 2.55
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 36 m
- To
- 44 m
- Intercept Depth
- 36 m
Classification
- Sample Type
- drill
- Group ID
- 26CD031:36-44
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Recent drilling intercept.
Evidence · text
“8m @ 2.55 g/t Au from 36m (incl. 4m @ 3.58 g/t Au, 26CD031)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD031Cue · goldGrade: 3.58Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26CD031
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 3.58
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 36 m
- To
- 40 m
- Intercept Depth
- 36 m
Classification
- Sample Type
- drill
- Group ID
- 26CD031:36-40
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: High-grade sub-interval within recent drilling.
Evidence · text
“4m @ 3.58 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD025Cue · goldGrade: 1.59Grade Unit: g/tIntercept: 4 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26CD025
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 1.59
- Grade Unit
- g/t
- Intercept
- 4 m
- From
- 60 m
- To
- 64 m
- Intercept Depth
- 60 m
Classification
- Sample Type
- drill
- Group ID
- 26CD025:60-64
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Recent drilling intercept.
Evidence · text
“4m @ 1.59 g/t Au, 26CD025”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26CD029Cue · goldGrade: 0.83Grade Unit: g/tIntercept: 16 mHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Hole ID
- 26CD029
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 0.83
- Grade Unit
- g/t
- Intercept
- 16 m
- From
- 52 m
- To
- 68 m
- Intercept Depth
- 52 m
Classification
- Sample Type
- drill
- Group ID
- 26CD029:52-68
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Interp. Status
- scored
- Historical
- Yes
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Recent drilling intercept.
Evidence · text
“16m @ 0.83 g/t Au from 52m (26CD029)”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26BB047Cue · goldGrade: 1.4Grade Unit: g/tIntercept: 8 mView all detailsHide details
Identity
- Hole ID
- 26BB047
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 1.4
- Grade Unit
- g/t
- Intercept
- 8 m
- From
- 100 m
- To
- 108 m
- Intercept Depth
- 100 m
Classification
- Sample Type
- drill
- Group ID
- 26BB047:100-108
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Recent drilling intercept at depth.
Evidence · text
“8m @ 1.40 g/t Au from 100m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26BB041Cue · goldGrade: 7.42Grade Unit: g/tIntercept: 3 mView all detailsHide details
Identity
- Hole ID
- 26BB041
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 7.42
- Grade Unit
- g/t
- Intercept
- 3 m
- From
- 41 m
- To
- 44 m
- Intercept Depth
- 41 m
Classification
- Sample Type
- drill
- Group ID
- 26BB041:41-44
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: High-grade sub-interval identified via resampling.
Evidence · text
“3m @ 7.42 g/t Au”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
26BB041Cue · goldGrade: 1.72Grade Unit: g/tIntercept: 19 mView all detailsHide details
Identity
- Hole ID
- 26BB041
- Project
- Cue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- GDR
Geometry
- Grade
- 1.72
- Grade Unit
- g/t
- Intercept
- 19 m
- From
- 41 m
- To
- 60 m
- Intercept Depth
- 41 m
Classification
- Sample Type
- drill
- Group ID
- 26BB041:41-60
QA/QC
- QA/QC Methods
- standards
Review
- Needs Review
- No
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-20T00:00:00.000Z
Reasoning: Resampling result.
Evidence · text
“19m @ 1.72 g/t Au from 41m”
Tags used in scoring
No QA/QC Disclosurenegative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Why it applies: qaqc_disclosed is not true
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "The project hosts over 50 km of mineralised shear zones, providing multiple high- priority targets for systematic explor"
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.