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- Last 2026-11-06
- A$0.054
- 1D
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- Fair value
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- Mkt cap
- A$155.9M
- EV
- A$97.4M
- Cash
- A$10.4M
- Debt
- A$0
6 newer ASX announcements not yet reflected in this valuation
- Application for quotation of securities - GMLPost Cash Checkpoint Security Event
- Quarterly Activities/Appendix 5B Cash Flow ReportLatest Four Activities Reports
- Sydney IMARC Conference Investor PresentationLatest Operating Presentation
- Board Restructure as GML Enters Next Chapter of DevelopmentPost Annual Leadership Change
- Annual Report to shareholdersLatest Annual Report
- Denver Gold Corporate PresentationLatest Operating Presentation
Investment view
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Our rating, thesis and what the price implies are available to subscribers.
Sign in or enter a guest codeAnnouncements
Latest 12 of 12All sources ▸- June 2026 Quarterly Activities and Appendix 5BOperations
- RIU Sydney Resources Round-Up PresentationPresentation
- March 2026 Quarterly Activities and Appendix 5BOperations
- Notification of cessation of securities - GMLCorporate Action
- Half Yearly Report and AccountsResults
- December 2025 Quarterly Activities and Appendix 5BOperations
- September 2025 Quarterly Activities and Appendix 5BFinancing
- Annual Report to shareholdersResults
- Acquisition of Glenburgh South Gold ProjectTransaction
- Completion of Acquisition of Yandal Gold Project from Strickland MetalsTransaction
- Amendment to 30 June 2025 AnnouncementResource Update
- Acquisition of Yandal Gold Project from Strickland MetalsTransaction
Event calendar · next 12 months
3 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| Ongoing RC and next-stage diamond drilling after September 2026 | Cowza RC and diamond follow-up results | Exploration | Company Guided | High | Tests continuity, depth and grade beyond the first fresh-rock discovery hole. |
| September 2026 quarter-end fieldwork window | Glenburgh South soil sampling and mapping | Exploration | Company Guided | Medium | May generate drill targets but no resource or readout date was committed in the reviewed primary evidence. |
| Early October 2026 | Pewy first-pass aircore drilling | Exploration | Company Guided | High | Tests the undrilled 3km look-alike target and may alter the discovery option. |
Executive roster
As of 2026-09-26Background checks ▸Annual report roster reconciled with 9 September 2026 company presentation and announcement; non-executive directors excluded.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Andrew Bray | Executive Chairman | Executive Director | 2025-08-25 | Annual Report to shareholders · Resource Rising Stars Presentation |
| Richard Pugh | Chief Executive Officer | Chief Executive | 2025-09-01 | Annual Report to shareholders · Resource Rising Stars Presentation |
| Kar Chua | Company Secretary | Company Secretary | — | Annual Report to shareholders · Successful $45 Million Placement Completed |
devCoverage status: Complete As Disclosed
Portfolio detail
Assets
Core asset
Yandal Gold Project
Australia
Resource StageGoldSilver
Pre-production Yandal gold portfolio; tenement interests vary from 75% to 100%, with royalties and free carries. The 400,400oz inferred resource remains unchanged; Cowza has a fresh-rock RC discovery and Pewy is an undrilled target, not an added resource.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Resources & reserves1
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | Inferred | 8.2M t | 1.52 g/t Au for 400,400 oz Au | Gold | 2025-07-02 |
Tenements3
Milestones3
- Advance Horse Well mining lease application and associated environmental and Native Title work
Pending · High materiality
- Delineate Cowza, Haflinger, Great Western and Celia South mineralised footprints with RC drilling
Pending · High materiality
- First-pass aircore drilling of the undrilled Pewy corridor
Pending · High materiality
Permits & approvals1
| Permit | Jurisdiction | Status | Expiry | Critical path |
|---|---|---|---|---|
| Horse Well mining lease | Western Australia | Pending | — | Yes |
Material
Glenburgh South Gold Project
Australia
Early Explorer80% ownedGold
Gateway owns 80% of core Glenburgh South JV tenements and funds the vendors’ 20% interest until a definitive feasibility study. September-quarter soil sampling was guided in July; no Gateway resource or drill-tested economic study exists.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Tenements4
Milestones1
- Complete project-wide soil sampling, mapping and rock-chip sampling
Pending · Medium materiality
Other
Barrelmaker Gold Project
Australia
Early ExplorerGold
Sandstone-region exploration project with historical gold intercepts and planned first-pass drilling; detailed interests and gold rights are tenement-specific.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Milestones1
- Complete first-pass targeted drilling
Pending · Low materiality
Other
Montague Range Project
Australia
Early ExplorerOthers
Gateway retains selected non-gold mineral rights after selling the Montague gold rights and attributable gold resource to Brightstar; interests vary by tenement.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Edjudina Joint Venture
Australia
Early Explorer20% ownedGold
Gateway holds a 20% interest free carried to decision to mine; Latitude 66 holds 80% and reported no significant work during the June 2026 quarter.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Other
Iroquois Project
Australia
Early Explorer80% ownedZincLead
Acquired with Yandal as an 80%-held and managed joint-venture exploration interest in the Earaheedy Basin margin; no decision-useful current resource or activity update was found in the local package.
Project location
Approximate location
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© OpenStreetMap contributors. Basemap imagery © Esri (Maxar, Earthstar Geographics). Dated overlays contain modified Copernicus Sentinel data. Visible surface changes do not establish production or completion.
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
Last reported cash was A$10.373m at 30 June. The issuer reported A$15.1m aggregate cash plus liquid securities; a later release itemized A$10.37m plus A$4.37m, a A$0.36m discrepancy. The securities portfolio was sold for A$8.23m gross proceeds before the A$45m gross September placement. No post-placement cash balance or costs were reported. June cash-only runway of 2.05 quarters predates both transactions.
Capital structure
Ownership and dilution
- Ordinary shares
- 2.9B
- Fully diluted
- 3B
2,322,814,859 ordinary shares at May 2026 plus 882,000 options exercised by 11 September and 562,500,000 placement shares issued on 16 September equals 2,886,196,859. Remaining 70,676,083 GMLO and 20,000,000 other options plus 72,300,000 rights give 3,049,172,942 fully diluted equivalents; exercise proceeds are excluded from valuation.
Security classes6
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| ASX GML ordinary fully paid shares | Ordinary Share | 2.9B | — | — |
| Quoted options exercisable at A$0.033 | Option | 70.7M | A$0.033 | 2026-12-15 |
| Unquoted options exercisable at A$0.10 | Option | 20M | A$0.1 | 2028-10-02 |
| Class 1 performance rights linked to a A$0.125 ten-day VWAP hurdle | Performance Right | 24.1M | — | 2028-12-31 |
| Class 2 performance rights linked to a A$0.175 ten-day VWAP hurdle | Performance Right | 24.1M | — | 2029-12-31 |
| Class 3 performance rights linked to a A$0.25 ten-day VWAP hurdle | Performance Right | 24.1M | — | 2030-11-27 |
KPI history
Operating metrics · Yandal Gold Project
| Metric | Unit | Trend | March 2026 | June 2026 |
|---|---|---|---|---|
| Other | drilling metres | 53,000 | 52,000 |
Operating metric source table3
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| Other | Yandal | March 2026 quarter | Quarter | 53,000 drilling metres | Reported |
| Other | Yandal | June 2026 quarter | Quarter | 52,000 drilling metres | Reported |
| Other | Company | June 2026 quarter | Quarter | 4,332,000 AUD exploration expenditure | Reported |
Company guidance4
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Follow Up Rc Drilling At Cowza And Other Priority Discoveries | yandal | After 30 June 2026 | — | — programme status | Current |
| Project Wide Soil Sampling And Mapping | glenburgh-south | September 2026 quarter | — | — programme status | Current |
| First Pass Aircore Drilling At Pewy | yandal | Early October 2026 | — | — programme status | Current |
| Next Stage Rc And Diamond Drilling Programme | yandal | After September 2026 placement; no completion date stated | — | 120,000 m | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-16Ann. 2026-09-09 | RaisingGml Ordinary Fully Paid | A$45M | 562.5M | A$0.08 | Completed | A$45m gross placement for Yandal exploration, resource work and working capital.Max 562.5M · Period 2026-09-09 to 2026-09-16 · JP Equity Partners |
| 2025-10-02Ann. 2025-09-24 | Raising | A$22.5M | 409.1M | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Latest annual-report and June-quarter tenement footnotes reconciled with original Yandal and Glenburgh agreements; no live commodity or FX hedge disclosed.
One percent gross revenue royalty on specified Yandal tenure, embedded in the Yandal value calibration.
Royalty · Active- Counterparties
- MW Royalty Co Pty Ltd
- Applies to
- Yandal Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Gross revenue royalty: 1 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
One percent gross revenue royalty across specified Yandal tenements.
Royalty · Active- Counterparties
- L11 Capital Pty Ltd
- Applies to
- Yandal Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Gross revenue royalty: 1 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Two percent NSR on E69/2492, treated only through the Yandal calibration.
Royalty · Active- Counterparties
- Wayne Jones
- Applies to
- Yandal Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Net smelter return royalty: 2 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Half-percent NSR over specified 75%-held Yandal tenure.
Royalty · Active- Counterparties
- Renegade Exploration Limited
- Applies to
- Yandal Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Net smelter return royalty: 0.5 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Zebina has a 25% free-carried interest in specified Yandal tenure; Gateway’s project value reflects partial ownership.
Free Carry · Active- Counterparties
- Zebina Minerals Pty Ltd
- Applies to
- Yandal Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Free-carried interest: 25 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Gibb River retains 20% free carried to BFS on E69/2820.
Free Carry · Active- Counterparties
- Gibb River Diamonds Limited
- Applies to
- Yandal Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Free-carried interest: 20 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Gateway has 80% and funds the vendors’ 20% share through DFS; a A$1.4m exploration commitment also applies.
Free Carry · Active- Counterparties
- Glenburgh South vendors
- Applies to
- Glenburgh South Gold Project · Gold
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Vendor interest: 20 percent
Exploration spend commitment: 1,400,000 AUD
How it affects our valuation
No valuation treatment is available for this arrangement.
Gateway has 20% free carried to a decision to mine; no value assigned absent current drilling or study.
Free Carry · Active- Counterparties
- Latitude 66 Limited
- Applies to
- Edjudina Joint Venture · Gold
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Gateway free-carried interest: 20 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Brightstar owns gold rights to specified Montague tenure; Gateway retains only non-gold rights there.
Farm Out · Active- Counterparties
- Brightstar Resources Limited
- Applies to
- Montague Range Project
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Brightstar gold rights: 100 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Gateway currently holds 51% in two regional tenements and may earn to 80%; no project value assigned.
Earn In · Active- Counterparties
- Golden Mile Resources Limited
- Applies to
- Barrelmaker Gold Project · Gold
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Gateway current interest: 51 percent
Gateway earn-in cap: 80 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
An 80% Iroquois exploration interest was acquired with Yandal; no current valuation case is supportable.
Joint Venture · Active- Counterparties
- Iroquois joint venture partner
- Applies to
- Iroquois Project · Zinc · Lead
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Acquired JV interest: 80 percent
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
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Sensitivity lab
Sensitivity lab
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Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
Gateway’s FY2026 annual report records a material asset-base change, discoveries across Yandal and a new Cowza intercept; it remains an exploration company. Andrew Bray’s prior Strickland record includes a directly quoted CEO role in the A$61m Millrose sale and his current governance record includes authorization of a conference presentation slide shown before the ASX release of a separate A$45m placement. Gateway acknowledged the Rule 15.7 breach, reported no trades occurred in the gap and set corrective controls. Richard Pugh has documented technical leadership at Strickland and a partial credential record. Company-secretarial credential detail is improved for Kar Chua. Broader career and adverse checks remain incomplete.
Decision-relevant facts
Material summary
Andrew Bray
Executive Chairman
Role FitAnalyst Inference · Medium materiality
Relevance of current Executive Chairman role
The issuer identifies Andrew Bray as Executive Chairman. This role is relevant to the company's current mining stage and needs; this is an analyst role-fit inference based on the disclosed title and company profile, not evidence of past personal performance. The reviewed sources do not establish a complete prior-employer chronology, independently verified credentials or full concurrent-interest list.
Responsibility not applicable · This is a role-fit judgment, not an outcome or misconduct finding.
Board and Management · Issuer management page, Andrew Bray entry
Company SuccessIssuer Reported · Medium materiality
Gateway Mining reported project and corporate progress
During FY2026 Gateway completed the Yandal acquisition from Strickland for consideration of 1.5 billion convertible preference shares valued at A$45 million. In September 2026 it separately raised A$45 million in cash through a placement at A$0.08 per share. The annual report also records early exploration discoveries including Cowza; none should be treated as an operating mine or realized investment return. The issuer did not assign sole responsibility for these corporate outcomes to this executive.
Role overlaps event; causation unproven · The role may overlap the period, but the issuer report does not assign sole or causal credit to this executive.
Annual Report 2026 · printed pp. 4, 14; completed Yandal acquisition and early exploration results
Successful $45 Million Placement Completed · September 2026 placement announcement
Personal SuccessIssuer Reported · High materiality
Led Strickland through the Millrose sale to Northern Star
In June 2023, Strickland announced sale of Millrose to Northern Star for approximately A$61m: A$41m cash plus 1.5m Northern Star shares. The release attributes the quote about the transaction and project economics to Andrew Bray as CEO and thanks the technical team led by Richard Pugh. Strickland said it acquired the project for A$10m and spent about A$16m on drilling; reported A$35m profit is issuer calculation. This is attributable executive transaction leadership, not evidence of realized returns for every shareholder.
Individual involvement documented · Bray was directly quoted as Strickland CEO on transaction outcome; exploration was a technical-team/company effort and commodity/market conditions also matter.
Sale of Millrose Project for $61M to Northern Star Resources · Key Points and Management Comment
Annual Report 2026 · printed p. 40, prior Strickland CEO role
GovernanceDocumented · High materiality
Gateway acknowledged a Listing Rule 15.7 breach at a conference
Gateway acknowledged that a slide stating the A$45m September 2026 placement was displayed at a conference at about 9:18am before ASX released the announcement at 9:35am. The company stated the Executive Chairman had reviewed and authorised the presentation before the conference; CEO was not aware of the delay and there was no practical opportunity to stop the slide after speaking began. Trading had not commenced, so no trades occurred in the gap. Gateway accepted the breach and committed to confirmation-of-release controls, real-time monitoring and board review of its disclosure policy. No personal penalty or finding against Bray was disclosed in the reviewed response.
Individual involvement documented · The issuer directly states that the Executive Chairman authorised the presentation containing the slide; the breach is corporate and the response does not establish that Bray knew the announcement was delayed.
Response to ASX Supervision Letter – Listing Rule 15.7 · pp. 1–2, answers 2–6; authorization, breach, circumstances and remedial controls
Evidence gaps · 2
- A complete dated career chronology, verified education/professional membership and full concurrent-interest record were not established.
- Person-specific enforcement, litigation, safety, environmental, legal and governance searches across material former employers remain uncompleted; no clearance conclusion is implied.
Richard Pugh
Chief Executive Officer
Role FitAnalyst Inference · Medium materiality
Relevance of current Chief Executive Officer role
The issuer identifies Richard Pugh as Chief Executive Officer. This role is relevant to the company's current mining stage and needs; this is an analyst role-fit inference based on the disclosed title and company profile, not evidence of past personal performance. The reviewed sources do not establish a complete prior-employer chronology, independently verified credentials or full concurrent-interest list.
Responsibility not applicable · This is a role-fit judgment, not an outcome or misconduct finding.
Board and Management · Issuer management page, Richard Pugh entry
Company SuccessIssuer Reported · Medium materiality
Gateway Mining reported project and corporate progress
During FY2026 Gateway completed the Yandal acquisition from Strickland for consideration of 1.5 billion convertible preference shares valued at A$45 million. In September 2026 it separately raised A$45 million in cash through a placement at A$0.08 per share. The annual report also records early exploration discoveries including Cowza; none should be treated as an operating mine or realized investment return. The issuer did not assign sole responsibility for these corporate outcomes to this executive.
Role overlaps event; causation unproven · The role may overlap the period, but the issuer report does not assign sole or causal credit to this executive.
Annual Report 2026 · printed pp. 4, 14; completed Yandal acquisition and early exploration results
Successful $45 Million Placement Completed · September 2026 placement announcement
Personal SuccessIssuer Reported · High materiality
Led Strickland technical work supporting Millrose monetisation and Horse Well resource growth
A June 2023 Strickland ASX release states its technical team was led by Pugh and sold Millrose to Northern Star for A$61m after drilling; a September 2026 interview attributes to Pugh running work that developed Millrose and led Horse Well drilling that more than doubled the resource. The sale amount and resource growth are company outcomes; individual credit is limited to documented technical leadership, and the 2026 interview is a secondary retrospective.
Individual involvement documented · Contemporaneous release names Pugh as technical team lead; later interview attributes work. No claim that he alone caused the sale or resource increase.
Sale of Millrose Project for $61M to Northern Star Resources · Management Comment, thanks to technical team led by Richard Pugh
Unlocking the Gateway at Gateway – Richard Pugh · guest biography
Evidence gaps · 2
- A complete dated career chronology, verified education/professional membership and full concurrent-interest record were not established.
- Person-specific enforcement, litigation, safety, environmental, legal and governance searches across material former employers remain uncompleted; no clearance conclusion is implied.
Kar Chua
Company Secretary
Role FitAnalyst Inference · Medium materiality
Relevance of current Company Secretary role
The issuer identifies Kar Chua as Company Secretary. This role is relevant to the company's current mining stage and needs; this is an analyst role-fit inference based on the disclosed title and company profile, not evidence of past personal performance. The reviewed sources do not establish a complete prior-employer chronology, independently verified credentials or full concurrent-interest list.
Responsibility not applicable · This is a role-fit judgment, not an outcome or misconduct finding.
Board and Management · Issuer management page, Kar Chua entry
Evidence gaps · 2
- A complete dated career chronology, verified education/professional membership and full concurrent-interest record were not established.
- Person-specific enforcement, litigation, safety, environmental, legal and governance searches across material former employers remain uncompleted; no clearance conclusion is implied.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2025-09-26 · 1,913,723,950 issued shares
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 15.68% | 300,000,000 | |
| 2 | 8.33% | 159,318,287 | |
| 3 | 3.90% | 74,716,606 | |
| 4 | 3.80% | 72,772,707 | |
| 5 | 2.47% | 47,269,749 | |
| 6 | 1.81% | 34,700,354 | |
| 7 | 1.72% | 32,842,896 | |
| 8 | 1.56% | 29,842,014 | |
| 9 | 1.49% | 28,433,387 | |
| 10 | 1.34% | 25,566,558 | |
| 11 | 1.30% | 24,975,907 | |
| 12 | 1.25% | 24,000,000 | |
| 13 | 1.15% | 22,000,000 | |
| 14 | 0.97% | 18,546,939 | |
| 15 | 0.80% | 15,249,653 | |
| 16 | 0.74% | 14,195,615 | |
| 17 | 0.73% | 13,914,942 | |
| 18 | 0.72% | 13,713,238 | |
| 19 | 0.70% | 13,340,072 | |
| 20 | 0.62% | 11,936,530 |
Disclosed substantial holders
Latest reviewed disclosure for each holder or reporting group
| Investor / reported group | Disclosed holding | Holding at |
|---|---|---|
| 11.77%Voting power | 2026-09-16 | |
| 10.39%Voting power | 2026-09-16 | |
| 7.89%Voting power | 2026-09-16 |
Sources & review notesEvidence checked through 2026-10-09
Coverage and limitations
- Dated registered-holder list is not a complete beneficial-ownership register. Later substantial-holder notices were not fully reconciled for this candidate.
- The 21 September 2026 cessation by Shane Timothy Ball and associated entities supersedes any prior substantial status; the filing reports 123,232,201 shares and 4.3%, so the group retains shares below the substantial-holder threshold.
Sources
- Annual Report to shareholders
ASX / Gateway Mining Limited · Published 2025-09-30 · Accessed 2026-10-09
Issuer top-20 ordinary-shareholder table as at 2025-09-26.
2025/2025-09-30_Annual Report to shareholders.pdf, PDF page 83; ordinary shareholder information
- Change in substantial holding
ASX / Gateway Mining Limited · Published 2026-09-17 · Accessed 2026-10-09
Strickland Metals reports 300,000,000 shares and 10.39% voting power as at 16 September 2026.
2026/2026-09-17_Change in substantial holding_51e0568aceea5c10.pdf, Form 604 sections 1–4
- Becoming a substantial holder
ASX / Gateway Mining Limited · Published 2026-09-18 · Accessed 2026-10-09
Jupiter Asset Management reports 339,817,446 shares and 11.77% voting power; it became substantial on 16 September 2026.
2026/2026-09-18_Becoming a substantial holder_4a3c61c33ee1b658.pdf, Form 603 sections 1–4
- Change in substantial holding
ASX / Gateway Mining Limited · Published 2026-09-17 · Accessed 2026-10-09
L11 Capital ATF Gascoyne Family Trust reports 227,776,963 shares and 7.89% voting power as at 16 September 2026; percentage decreased through placement dilution.
2026/2026-09-17_Change in substantial holding_cf330167bba3a0c2.pdf, Form 604 sections 1–4
- Ceasing to be a substantial holder
Gateway Mining Limited · Published 2026-09-21 · Accessed 2026-10-09
Issuer notice says Shane Timothy Ball and associated entities ceased to be substantial on 21 September 2026; 123,232,201 shares (4.3%) are shown before/after placement dilution in the filing, so this does not establish zero holdings.
Form 605, PDF pages 1–2; Shane Timothy Ball and associated entities
Disclosed activity
Insider transactions
Trading activity3 buys · 0 sells shownNet cash last 12 months no tradesShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2024-12-18 | Peter LesterPNS (Holdings) Pty Ltd ATF PNS Superannuation Fund
Details & evidence for Peter Lester on 2024-12-18As disclosed: PNS (Holdings) Pty Ltd acquired 600,000 ordinary shares in the Company placement at AUD 0.02 per share for AUD 12,000.
director of Gateway Mining Limited · Start not disclosed Change of Director's Interest Notices x 3 ↗ | SubscriptionOrdinary shares | 600,000 | AUD 12,000.00 | AUD 0.02Disclosed price | 1,304,546 |
| 2024-12-18 | Peter LangworthyCrest Investment Group Limited
Details & evidence for Peter Langworthy on 2024-12-18As disclosed: Crest Investment Group Limited acquired 3,000,000 ordinary shares in the Company placement at AUD 0.02 per share for AUD 60,000.
director of Gateway Mining Limited · Start not disclosed Change of Director's Interest Notices x 3 ↗ | SubscriptionOrdinary shares | 3,000,000 | AUD 60,000.00 | AUD 0.02Disclosed price | 30,663,393 |
| 2024-12-18 | Trent FranklinPenklin Pty Ltd
Details & evidence for Trent Franklin on 2024-12-18As disclosed: Penklin Pty Ltd acquired 6,000,000 ordinary shares in the Company placement at AUD 0.02 per share for AUD 120,000.
director of Gateway Mining Limited · Start not disclosed Change of Director's Interest Notices x 3 ↗ | SubscriptionOrdinary shares | 6,000,000 | AUD 120,000.00 | AUD 0.02Disclosed price | 18,904,234 |
| 2024-12-16 | Peter LangworthyCrest Investment Group Limited
Details & evidence for Peter Langworthy on 2024-12-16As disclosed: 444,119 unquoted options exercisable at AUD 0.30 expired unexercised (ceased 16 December 2024).
director of Gateway Mining Limited · Start not disclosed Change of Director's Interest Notices x 3 ↗ | ExpiryUnquoted options exercisable at AUD 0.30, expiry 15 December 2024 | 444,119 | —Not Disclosed | — | — |
| 2024-12-16 | Trent FranklinPenklin Pty Ltd
Details & evidence for Trent Franklin on 2024-12-16As disclosed: 932,958 unquoted options exercisable at AUD 0.30 expired unexercised (ceased 16 December 2024).
director of Gateway Mining Limited · Start not disclosed Change of Director's Interest Notices x 3 ↗ | ExpiryUnquoted options exercisable at AUD 0.30, expiry 15 December 2024 | 932,958 | —Not Disclosed | — | — |
| 2024-05-28 | Mark CossomMark William Cossom and Kelly Jean Cossom ATF The Cossom Family Trust
Details & evidence for Mark Cossom on 2024-05-28As disclosed: 700,000 unquoted performance rights tied to reporting a JORC-compliant 1 million ounce resource expired on 28 May 2024.
director of Gateway Mining Limited · Start not disclosed Change of Director's Interest Notice - Mark Cossom ↗ | ExpiryUnquoted performance rights conditional on a 1Moz JORC resource, expiry 28 May 2024 | 700,000 | —Not Disclosed | — | — |
Disclosed holding observations9 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2025-09-25 | David Morgan
Details & evidence for David Morgan on 2025-09-25
director of Gateway Mining Limited · Start not disclosed Initial Director's Interest Notice - D Morgan ↗ | InitialOrdinary shares | 245,000 | — |
| 2025-09-25 | David Morgan
Details & evidence for David Morgan on 2025-09-25
director of Gateway Mining Limited · Start not disclosed Initial Director's Interest Notice - D Morgan ↗ | InitialOrdinary shares | 795,630 | — |
| 2025-09-25 | David Morgan
Details & evidence for David Morgan on 2025-09-25
director of Gateway Mining Limited · Start not disclosed Initial Director's Interest Notice - D Morgan ↗ | InitialOrdinary shares | 170,000 | — |
| 2025-09-25 | David Morgan
Details & evidence for David Morgan on 2025-09-25
director of Gateway Mining Limited · Start not disclosed Initial Director's Interest Notice - D Morgan ↗ | InitialOrdinary shares | 1,949,504 | — |
| 2024-10-01 | Mark Cossom
Details & evidence for Mark Cossom on 2024-10-01
director of Gateway Mining Limited · Start not disclosed Final Director's Interest Notice - M Cossom ↗ | FinalOrdinary shares | 1,356,886 | — |
| 2024-05-28 | Scott Brown
Details & evidence for Scott Brown on 2024-05-28
director of Gateway Mining Limited · Start not disclosed Final Director's Interest Notices - S Brown and D Fullarton ↗ | FinalOrdinary shares | 3,866,667 | — |
| 2024-05-28 | Scott Brown
Details & evidence for Scott Brown on 2024-05-28
director of Gateway Mining Limited · Start not disclosed Final Director's Interest Notices - S Brown and D Fullarton ↗ | FinalOrdinary shares | 1,200,030 | — |
| 2024-05-28 | Scott Brown
Details & evidence for Scott Brown on 2024-05-28
director of Gateway Mining Limited · Start not disclosed Final Director's Interest Notices - S Brown and D Fullarton ↗ | FinalOrdinary shares | 17,298,117 | — |
| 2024-05-28 | Debra Fullarton
Details & evidence for Debra Fullarton on 2024-05-28
director of Gateway Mining Limited · Start not disclosed Final Director's Interest Notices - S Brown and D Fullarton ↗ | FinalOrdinary shares | 1,213,334 | — |
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Narrative and provenance
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Sign in or enter a guest codeChronological evidenceSource-document inventory23 documents
GML ordinary share daily close, 25 September 2026Market Data · HighExtracted
Latest eligible local daily_stock_prices row from miners.reference_price; A$0.076 close, 2,773,874 volume, one GML ordinary share.
- Document ID
- market-price-2026-09-25
- Published UTC
- 2026-09-25T06:00:00Z
- Projects
- —
- Commodities
- —
XAU/AUD historical gold closeCommodity Data · MediumExtracted
Investing.com XAU/AUD historical row for 25 September 2026, used as a gold-price calibration anchor rather than a realized mine price.
- Document ID
- gold-price-2026-09-25
- Published UTC
- 2026-09-25T06:59:02Z
- Projects
- yandal · glenburgh-south
- Commodities
- gold
Application for quotation of placement sharesCorporate Action · HighExtracted
Appendix 2A confirms 562.5 million placement shares issued on 16 September and full quoted and unquoted capital; publication time normalized from date-only source.
- Document ID
- placement-shares-2026-09-16
- Published UTC
- 2026-09-15T23:00:00Z
- Projects
- —
- Commodities
- —
Application for quotation of securities — option exerciseCorporate Action · MediumExtracted
Appendix 2A records 882,000 GMLO option exercises at A$0.033 and 2,323,696,859 shares after issue.
- Document ID
- options-exercise-2026-09-11
- Published UTC
- 2026-09-11T06:23:00Z
- Projects
- —
- Commodities
- —
New 3KM Cowza-Style Target Defined at PewyOperations · HighExtracted
Issuer identified an undrilled 3km demagnetised target and guided first-pass aircore drilling for early October.
- Document ID
- pewy-2026-09-10
- Published UTC
- 2026-09-09T22:32:00Z
- Projects
- yandal
- Commodities
- gold
Successful $45 Million Placement CompletedFinancing · HighExtracted
Firm placement commitments of A$45 million gross at A$0.08, 562.5 million new shares, to fund about 120,000m drilling and resource work.
- Document ID
- placement-2026-09-09
- Published UTC
- 2026-09-08T23:35:00Z
- Projects
- yandal · glenburgh-south · barrelmaker
- Commodities
- gold
Resource Rising Stars PresentationPresentation · HighExtracted
Presentation reaffirms the 400.4koz inferred resource, Cowza fresh-rock result, 13km corridor, management and security counts at 4 September.
- Document ID
- rrs-presentation-2026-09-09
- Published UTC
- 2026-09-08T23:58:00Z
- Projects
- yandal
- Commodities
- gold
Notification regarding unquoted securitiesCorporate Action · MediumExtracted
Appendix 3G records another 0.1 million rights in each class, taking each to 24.1 million.
- Document ID
- rights-2026-09-03
- Published UTC
- 2026-09-03T07:08:00Z
- Projects
- —
- Commodities
- —
Cowza fresh-rock gold confirmed: independent momentum commentaryOther · MediumExtracted
Independent momentum commentary confirms Cowza remains exploration-stage; its tenement royalty attribution conflicts with the issuer appendix and is not used in valuation.
- Document ID
- fmp-cowza-2026-09-04
- Published UTC
- 2026-09-04T00:00:00Z
- Projects
- yandal
- Commodities
- gold
Significant High-Grade Fresh Rock Gold Discovery at CowzaOperations · HighExtracted
First Cowza fresh-rock RC result and A$8.23m gross securities-sale proceeds. June component amounts do not add to the earlier A$15.1m aggregate.
- Document ID
- cowza-2026-09-02
- Published UTC
- 2026-09-01T23:02:00Z
- Projects
- yandal
- Commodities
- gold
Notification regarding unquoted securitiesCorporate Action · MediumExtracted
Appendix 3G records 3.75 million rights issued in each of three incentive classes; publication time normalized from date-only source.
- Document ID
- rights-2026-08-26
- Published UTC
- 2026-08-25T23:00:00Z
- Projects
- —
- Commodities
- —
June 2026 Quarterly Activities and Appendix 5BOperations · HighExtracted
The latest quarterly reports seven new Yandal gold discoveries, 52,000 metres drilled, A$10.373 million cash, A$15.1 million cash plus liquid securities and 2.05 quarters of funding.
- Document ID
- quarterly-2026-07-31
- Published UTC
- 2026-07-31T07:05:40Z
- Projects
- yandal · glenburgh-south · barrelmaker · montague-range · edjudina
- Commodities
- gold · silver
RIU Sydney Resources Round-Up PresentationPresentation · MediumExtracted
The presentation summarizes the capital structure, Yandal's 400,400 ounce resource, exploration pipeline and cash plus liquid securities.
- Document ID
- presentation-2026-05-07
- Published UTC
- 2026-05-06T22:40:50Z
- Projects
- yandal · glenburgh-south · barrelmaker
- Commodities
- gold
March 2026 Quarterly Activities and Appendix 5BOperations · HighExtracted
The March quarterly reports three new Yandal discoveries, 53,000 metres of drilling, A$15.666 million cash and A$5.625 million of Brightstar shares.
- Document ID
- quarterly-2026-04-30
- Published UTC
- 2026-04-30T07:04:53Z
- Projects
- yandal · glenburgh-south · barrelmaker · montague-range
- Commodities
- gold
Notification of cessation of securities - GMLCorporate Action · MediumExtracted
The Appendix 3H records expiry of 16.94 million options and the post-cessation quoted and unquoted securities ledger.
- Document ID
- cessation-2026-04-01
- Published UTC
- 2026-04-01T06:16:06Z
- Projects
- —
- Commodities
- —
Half Yearly Report and AccountsResults · HighExtracted
The half-year accounts reconcile the 2.323 billion share count, the A$42 million acquisition-date value of Yandal equity consideration, cash and financial assets.
- Document ID
- half-year-2026-03-13
- Published UTC
- 2026-03-13T06:34:05Z
- Projects
- yandal · glenburgh-south
- Commodities
- gold
December 2025 Quarterly Activities and Appendix 5BOperations · MediumExtracted
The December quarterly records accelerated drilling, the placement proceeds, and A$19.385 million cash plus A$9.28 million of Brightstar shares.
- Document ID
- quarterly-2026-01-30
- Published UTC
- 2026-01-30T06:28:47Z
- Projects
- yandal · glenburgh-south · barrelmaker · montague-range
- Commodities
- gold
September 2025 Quarterly Activities and Appendix 5BFinancing · HighExtracted
The September quarterly records completion of Yandal and Glenburgh, a subsequent A$22.5 million placement, and quarter-end cash plus listed investments.
- Document ID
- quarterly-2025-10-31
- Published UTC
- 2025-10-31T06:02:20Z
- Projects
- yandal · glenburgh-south · barrelmaker · montague-range · edjudina
- Commodities
- gold
Annual Report to shareholdersResults · MediumExtracted
The annual report records the pre-acquisition year-end financial position, project portfolio, Yandal resource and the sale of Montague gold rights to Brightstar.
- Document ID
- annual-report-2025-09-30
- Published UTC
- 2025-09-30T06:13:39Z
- Projects
- yandal · montague-range · barrelmaker · edjudina · iroquois
- Commodities
- gold · zinc · lead · others
Acquisition of Glenburgh South Gold ProjectTransaction · HighExtracted
Gateway agreed to acquire 80% of the early-stage Glenburgh South project for cash, shares and a three-year exploration commitment.
- Document ID
- glenburgh-acquisition-2025-09-15
- Published UTC
- 2025-09-14T22:32:01Z
- Projects
- glenburgh-south
- Commodities
- gold
Completion of Acquisition of Yandal Gold Project from Strickland MetalsTransaction · HighExtracted
Gateway completed the Yandal acquisition and issued 1.5 billion convertible preference shares that converted one-for-one into ordinary shares after the in-specie distribution.
- Document ID
- yandal-completion-2025-08-19
- Published UTC
- 2025-08-19T07:21:27Z
- Projects
- yandal
- Commodities
- gold
Amendment to 30 June 2025 AnnouncementResource Update · HighExtracted
The amended acquisition release added drill plans, sections, JORC disclosure and Horse Well metallurgical testwork.
- Document ID
- yandal-amendment-2025-07-02
- Published UTC
- 2025-07-01T23:01:33Z
- Projects
- yandal
- Commodities
- gold
Acquisition of Yandal Gold Project from Strickland MetalsTransaction · HighExtracted
Gateway announced a binding all-scrip acquisition of Strickland's Yandal interests and associated Iroquois interest, with a 400,400 ounce inferred gold resource and a Horse Well mining-lease application.
- Document ID
- yandal-acquisition-2025-06-30
- Published UTC
- 2025-06-29T23:30:52Z
- Projects
- yandal · iroquois
- Commodities
- gold · zinc · lead
Evidence facts64
45000000 AUD
2025-06-30400400 oz Au
2025-06-30291500 oz Au
2025-06-30108900 oz Au
2025-06-3078.5%-88.6% %
2025-07-02True None
2025-08-191500000000 shares
2025-08-191780 km2
2025-08-1980 %
2025-09-15435000 AUD
2025-09-151400000 AUD
2025-09-153768339 AUD
2025-06-30True None
2025-06-302455000 AUD
2025-09-3010600000 AUD
2025-09-3022500000 AUD
2025-10-0219385000 AUD
2025-12-319280000 AUD
2025-12-3144000 m
2025-12-312322814859 shares
2025-12-3119385146 AUD
2025-12-3110024701 AUD
2025-12-3142000000 AUD
2025-08-1916940902 options
2026-04-012322814859 shares
2026-04-0115666000 AUD
2026-03-315625000 AUD
2026-03-3153000 m
2026-03-312322814859 shares
2026-05-0391558083 options
2026-05-0360750000 performance rights
2026-05-038174600 t
2026-05-0710373000 AUD
2026-06-3015100000 AUD
2026-06-304332000 AUD
2026-06-3052000 m
2026-06-3075% Gateway interest; 25% Zebina free carry; L11 Capital 1% gross revenue royalty None
2026-06-303750000 rights per class
2026-08-2624100000 rights per class
2026-09-0345000000 AUD
2026-09-09562500000 shares
2026-09-090.08 AUD/share
2026-09-0941m at 2.0g/t Au including 9m at 7.5g/t Au drill intercept
2026-09-02120000 m
2026-09-09400400 oz Au
2026-09-094.5 km
2026-09-0972300000 rights
2026-09-043 km
2026-09-10early October 2026 None
2026-09-10882000 options
2026-09-112323696859 shares
2026-09-112886196859 shares
2026-09-1670676083 options
2026-09-1624100000 rights per class
2026-09-160.076 AUD/share
2026-09-252773874 shares
2026-09-250.096 AUD/share
2026-09-040.088 AUD/share
2026-09-096101.03 AUD/oz
2026-09-25Cowza results are exploration results, not a mineral resource None
2026-09-0475% Gateway interest; 25% Zebina; MW Royalty Co 1% gross revenue royalty None
2026-09-0441m at 2.0g/t Au from 104m including 9m at 7.5g/t Au drill intercept
2026-09-028230000 AUD
2026-09-0214740000 AUD
2026-06-30Conflicts requiring judgment2
- E53/1466 gross-revenue royalty holder
Issuer quarterly Appendix 1 identifies L11 Capital as the 1% gross royalty holder on E53/1466; it is preferred to the secondary article.
- 30 June cash plus liquid securities
July quarterly reported A$15.1m aggregate; September components sum to A$14.74m. Valuation uses separately disclosed A$8.23m subsequent sale proceeds instead of either dated securities carrying value.