Golden State Mining

MICHAEL MOORE

MANAGING DIRECTOR

(ASX:GSM)

◾ Company Name: Golden State Mining ◾ Company ASX code: GSM ◾ Key commodities: Lithium, Gold, Base Metals ◾ Key Personnel: Michael Moore, Managing Director | Damien Kelly, Chairman | Geoff Willetts, Exploration Manager ◾ Locations: Western Australia: Yule in the Pilbara, Payne’s Find in the Murchison and Four Mile Well in the Northern Goldfields ◾ Market Cap as of 15/07/22: $4.88M ◾ Share price range over 12 months as of 15/07/22: $0.165 - $0.039 ◾ Company Website: goldenstatemining.com.au

COMPANY PROFILE

Golden State Mining is a West Australian based resources company focused on gold and base metal exploration. The company has three strategic land packages located in very prospective geological settings in WA.

First on the list is the Yule project, located 45km southwest of Port Hedland in the northern Pilbara region of WAand consisting of six granted exploration licences and two exploration licence applications for a total of approximately 730km2.

The project sits in an underexplored, emerging gold, base metals and battery minerals province near De Grey’s (ASX:DEG) world-class Hemi discovery, capturing major regional structures including the Sholl Shear and Yule River Shear Zones.

GSM’s Four Mile Well Project is located just 9km north of Laverton in the Eastern Goldfields of WA, in a recognised world-class area renowned for its gold and nickel deposits and excellent infrastructure.

Nearby, two significant nickel sulphide deposits (Windarra and Mt Windarra) are located to the west of the project area and the 1.3Moz Lancefield gold deposit is located less than 1km to the south of the project.

Elsewhere in WA, Golden State Mining has a number of tenement application packages in regional Western Australia with a multicommodity focus reflecting increasing demand in the evolving commodity market.

These include Payne’s Find, in the Murchison region of WA, a region where lithium-bearing pegmatites are known to exist but never targeted by modern exploration. GSM’s Eucla Basin project, approximately 100km northeast of Balladonia and 300km east of Kalgoorlie, is prospective copper-goldnickel mineralisation, GSM also has the new Southern Cross East project under application which lies approximately 60km north-east of Southern Cross and 36km east of Koolyanobbing in the central Yilgarn region of Western Australia, where the company is on the hunt for gold.

And last, but not least, GSM has a gold-nickel-PGE project happening at Yamarna, approximately 96kms north-northeast of Laverton, and lead-silver-gold project at Ashburton, 12km southwest of the Kooline airstrip, 135kms west of Paraburdoo.

GSM says it is very excited about the potential of its assets, and the company’s technical team is hard at work, managing a number of exploration campaigns as it looks to develop inground resources.

GSM is currently led by managing director Mike Moore, a mining engineer from the Camborne School of Mines with over 20 years operational and executive management experience across a diverse range of commodities in Australia, Indonesia, West Africa and Europe.

Moore has previously held senior and executive management roles with a number of companies including Rock Australia Mining & Civil Pty Ltd, Carnegie Minerals PLC and, more recently, with ASX listed Montezuma Mining Company Ltd where he was CEO.

Alongside Moore are Geoff Willetts, Exploration Manager and Damien Kelly, Chairman.

Willetts is a geologist with over 20 years’ experience in various commodities including gold, base metals and mineral sands. He has worked in gold mining for several major mining companies, before moving on to base metal and gold exploration with senior roles in listed juniors exploration companies.

Kelly, meanwhile, is the founder and principal of Western Tiger Corporate Advisers, where he has broad corporate and commercial experience spanning more than 17 years

Kelly provides professional services to ASX and AIM listed companies, predominantly in the mining and energy sector, including the initial listing of Sandfire Resources NL.

KEY INVESTMENT HIGHLIGHTS

JULY 5, 2022: Gold drilling complete plus additional lithium exploration licence granted at Payne’s Find. JUNE 20, 2022: Drilling at Four Mile Well Gold Project commences. APRIL 8, 2022: $2.5 million capital raise for major projects in WA.