The Bummer Creek Project is a strategically positioned mineral exploration venture located within the highly prospective Leonora mining district of Western Australia. Comprising 24 tenements across approximately 43 km², the project occupies a geological corridor with demonstrated resource potential and proximity to established mining operations. With less than 2% of the project area drill-tested to date, significant exploration upside remains across multiple identified geochemical targets.
24
Tenements
43 km²
Total Area
15
Holes Drilled
202m
Max Drill Depth
01
Visible Gold Found
Surface prospecting has confirmed visible gold specimens within the project area.
02
Tier 1 Jurisdiction
Located in Western Australia's Leonora district, a globally recognised gold province.
Situated in the Leonora district, one of Western Australia's most productive and enduring gold provinces. The project is surrounded by established mining operations and world-class deposits.
GD Wealth tenement location
Regional context
Jurisdiction
Why Western Australia
Established Mining History
Over 130 years of continuous gold mining, with the Leonora district producing over 10 million ounces since 1895.
Mining is one of Western Australia's largest economic sectors, contributing over AUD $230 billion in mineral and petroleum sales annually.
Skilled mining workforce, extensive infrastructure, and a streamlined regulatory and permitting framework.
Stable & Mining Friendly
Consistently ranked among the world's top mining investment jurisdictions by the Fraser Institute, offering sovereign-grade tenure security.
Transparent and well-established tenure system with clear pathways from exploration to production.
Stable democracy with strong political and social support for responsible resource development.
A total of 15 holes have been drilled to depths of up to 202 metres. Drilling has returned a peak gold assay of 1.94 g/t Au over 1m from 81m in hole BCR25007, confirming the presence of gold mineralisation within the target system.
Multi-element geochemical analysis of gold, nickel, and cobalt data reveals that the strongest gold anomalies occur independently of nickel and cobalt enrichment. Two distinct geochemical trends are evident when comparing nickel and cobalt distributions, with the highest gold values concentrated at the terminus of one trend. This relationship has been used to delineate priority target areas. The combined element map confirms that consistent geochemical signatures persist even in transported cover zones, supporting valid exploration potential across the tenement package.
Multi-element geochemical analysis
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Geochemical Analysis
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Hydrothermal alteration — Multiple alteration assemblages identified on site including silicification, biotite, sericite, and chlorite — consistent with fluid pathways commonly associated with orogenic gold systems.
Sulphide mineralisation — Pyrrhotite is present across several lithological units, a redox-sensitive sulphide frequently observed proximal to gold-bearing zones in similar geological settings.
Structural controls — Quartz veining, chlorite banding, and silicified ultramafic units indicate structural traps and conduits favourable for mineralisation.
Greenstone belt setting — Ultramafic host rocks within a well-endowed greenstone belt — a proven geological environment for structurally controlled gold deposits.
Geophysics
Magnetic Anomaly
Aeromagnetic data highlights subsurface structural features and ultramafic units that represent priority targets for mineralisation, particularly where supported by quartz veining and favourable surface geology.
GeoVIEW.WA — Magnetic Anomaly
Ultramafic rocks on site
Quartz on site
Sampling
Sample Results
A systematic soil sampling programme on a 200 × 200m grid has been completed and analysed for 48 elements. The results identify prospective zones across the tenement holding that will direct future drilling programmes.
Spatial distribution of gold, nickel, and cobalt across the tenement package, highlighting areas of elevated geochemical response and guiding future exploration targeting.
Gold
Nickel
Cobalt
Sample Sites
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Distribution Maps
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The project benefits from reliable water sources and direct access to the regional gas pipeline. This established infrastructure network supports efficient logistics, dependable utilities, and reduced operational costs. Positioned adjacent to Leonora's established mining hub, the project is well suited for accelerated development and future expansion.
Regional gas pipeline
Water bore
Water on site
Logistics
Access & Logistics
The project is accessible via established road infrastructure, with direct tracks traversing the site and a maintained connection to Leonora Airport. Transit from Leonora Airport to site is approximately 35–40 minutes by vehicle, ensuring efficient mobilisation of personnel, equipment, and supplies.
Leonora Airport
Access roads
Road through site
Industry Context
ASX-Listed Operators in the Leonora District
Company
ASX Code
Primary Operations
Genesis Minerals Limited
GMD
Major integrated Leonora gold producer — operates Gwalia underground mine, Leonora mill, Admiral, Harbour Lights, Tower Hill, and Ulysses operations. FY26 guidance: 260,000–290,000 oz Au
Vault Minerals Limited
VAU
King of the Hills Gold Mine, 28 km north of Leonora (formerly Red 5 / Silver Lake Resources)
GoldArc Resources Limited
GA8
Significant land position — Leonora North and South projects (formerly Asra Minerals)
Augustus Minerals Limited
AUG
Music Well Gold Project, 35 km north of Leonora (~1,345 km²)
Alliance Nickel Limited
AXN
NiWest Nickel-Cobalt Project near Leonora — awarded Australian Major Project Status
Aeris Resources Limited
AIS
Jaguar Zinc/Copper Operations, 65 km north of Leonora (currently on Care & Maintenance)
Iceni Gold Limited
ICL
Gold exploration — 14 Mile Well Project, Laverton Greenstone Belt
Ozz Resources Limited
OZZ
Gold and base metal exploration — Mt Davis and Pinnacle Well projects near Leonora
Market
Market Opportunity
As at March 2026, gold is trading above USD $5,500 per ounce (approximately AUD $7,800), more than double its price two years ago, driven by sustained global economic uncertainty, central bank accumulation, and strong safe-haven demand, with major banks forecasting continued strength.
Western Australia produces approximately 74% of Australia's gold output, positioning it among the top five gold-producing jurisdictions globally.
The nearby Leonora processing facility, operated by Genesis Minerals, is currently accepting third-party ore under ore purchase agreements, presenting a near-term pathway to production without the capital cost of building a standalone mill.
Pre-resource gold explorers in the Leonora district are currently valued between A$8M and A$36M on the ASX, with projects re-rating significantly upon delivery of a maiden JORC resource.
Benchmarking
Comparable Leonora District Explorers
Early-stage ASX-listed gold explorers operating in the Leonora-Laverton gold belt, providing market context for the Bummer Creek Project.
Company
ASX
Market Cap
Land Holding
Stage
JORC Resource
Augustus Minerals
AUG
~A$9M
1,345 km²
Maiden RC drilling (11 holes), rock chips up to 21.3 g/t Au
Pre-resource Leonora explorers are valued at A$8M–$36M. Projects with a maiden JORC resource re-rate significantly. Data as at March 2026.
Exploration Plan
Next Steps
Infill Soil Sampling — Tighten the current 200 x 200m grid to 100 x 100m over the strongest geochemical anomalies to refine and prioritise drill targets.
RC Drilling Program — Step-out and infill reverse circulation drilling to test priority targets identified through soil geochemistry, aeromagnetic data, and existing drill results.
Toll Treatment Pathway — Subject to drilling results, pursue ore purchase agreements with Genesis Minerals' Leonora processing facility as a near-term pathway to production without the capital cost of building a standalone mill.
Joint Venture
The Opportunity
GD Wealth Pty Ltd is seeking a joint venture partner to fund the next phase of exploration at the Bummer Creek Project under the following terms.
Earn-In Structure
Earn-In Interest
40%
GD Wealth Retained Interest
60% (Operator)
Total Exploration Spend
A$1,500,000 over 2 years
Annual Commitment
A$750,000 per year (or JV lapses)
Minimum RC Drilling
5,000 metres (min. 2,500m in Year 1)
Free-Carry
GD Wealth free-carried to Bankable Feasibility Study
Royalty
2.0% NSR retained by GD Wealth
Indicative Use of Funds
Infill Soil Sampling (100 x 100m)
A$250,000
RC Drilling Program (~5,000m)
A$750,000
Assays & Laboratory Analysis
A$150,000
Geological Consulting & Reporting
A$150,000
Operator Management Fee (12%)
A$200,000
Total
A$1,500,000
Pre-Emptive Rights
ROFR on any transfer
Anti-Dilution Floor
Minimum 20% or NSR
Area of Interest
5 km radius
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Joint Venture Terms
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Disclaimer: This presentation contains forward-looking statements based on current expectations and assumptions. These statements involve risks and uncertainties, and actual results may differ materially. This document does not constitute an offer or invitation to acquire securities or interests. Prospective investors and partners should conduct their own independent assessment and seek professional advice before making any investment decision.
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