Mining Stock Daily Corporate Update from G2 Goldfields and More on G3 Spin-out
Sep 17, 2025
Get the latest scoop on G2 Goldfields, as CEO Dan Noone shares exciting exploration developments at Oko, revealing an updated 3Moz resource and a new discovery with about 100 drill holes. Dive into the intricacies of the G3 spin-out, covering possibilities for development partnerships and the challenges of attracting interest. Plus, hear about the critical upcoming PEA that could serve as a major market catalyst. This update is packed with insights for mining enthusiasts!
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Updated Resource And New Discovery
- G2 updated its MRE to ~3 million ounces at ~3.1 g/t and discovered New Oko nine kilometres north.
- They plan an updated MRE and a PEA by the end of October including New Oko, Oko and Gani.
Release A PEA Before Permitting Pressure
- Publish a PEA to attract market and regulatory momentum before permit-driven timelines tighten.
- G2 plans to release a 43-101 compliant PEA by end of October to show economic metrics and advance permitting discussions.
Planned G3 Spin-Out Details
- G2 will spin out G3 containing most exploration ground and issue one G3 share for every two G2 shares.
- The spin-out will allocate about 79,000 acres to G3 while 20,000 acres with core assets remain in G2.