Gorilla Gold (ASX:GG8) bolsters leadership ranks as Lakeview drilling extends high-grade gold system

Gorilla Gold Mines (ASX:GG8) has delivered a dual-pronged update, combining fresh high-grade gold results from its Comet Vale project with a string of senior leadership appointments designed to underpin its growth ambitions.

The company has also rolled out an employee incentive program that explicitly links staff rewards to multi-million-ounce resource targets, setting a clear framework for both technical progress and corporate alignment.

Highlights

• Craig Jones, a veteran of Spartan, Bellevue and Northern Star, appointed Non-Executive Director and technical consultant.

• Daniel Kendal (Nexxis, Delta Lithium, Talon Energy) named Chief Financial Officer.

• Jarrod Ramadan (Ora Banda, Ramelius, Westgold, Rio Tinto, AngloGold) to lead studies across all WA projects.

• Employee Incentive Share Scheme established with vesting hurdles at 3.0Moz and 5.0Moz resource growth, plus a $1 share price target.

• Lakeview drilling extends mineralisation 250 metres down-dip, confirming a vertical extent of 550m with multiple high-grade intercepts.

Strengthening the corporate bench

In one of its most comprehensive corporate updates to date, Gorilla Gold announced the appointment of three senior figures to its board and executive ranks.

Mining engineer Craig Jones, who played a pivotal role in the transformation of Spartan Resources into a multi-billion-dollar entity, joins as a Non-Executive Director and technical consultant.

He is joined by new CFO Daniel Kendal, who brings extensive finance experience including $100 million in capital raisings at Delta Lithium, and by principal mining engineer Jarrod Ramadan, whose operational record spans Ramelius Resources, Ora Banda and Westgold.

Chief executive Charles Hughes said the appointments ensured Gorilla had the technical, financial and operational breadth required to pursue its stated strategy.

“We are delighted to announce a number of high-quality additions to our leadership team, with Craig Jones joining the Board as a Non-Executive Director and key technical advisor,” he noted.

The hires arrive at a critical juncture, with drilling underway across Comet Vale, Mulwarrie and Vivien.

Together, these hubs comprise Gorilla’s 723,700 ounce resource base, which management intends to lift to multi-million-ounce status in the near to medium term.

Aligning staff incentives with ounces in the ground

The newly unveiled Employee Incentive Share Scheme (EISS) directly ties employee equity to performance outcomes, with vesting conditions requiring continuous employment over three years, the achievement of 3.0Moz (GG3) and 5.0Moz (GG5) group resource targets, and the attainment of a $1 share price.

Currently, the company’s resource base comprises 350,000oz at Mulwarrie, 278,000oz at Vivien and just under 100,000oz at Comet Vale.

The structure of the EISS is unambiguous: employees and management alike will only benefit if Gorilla succeeds in building a resource base several times larger than at present.

Exploration momentum builds at Comet Vale

While the corporate restructuring was headline-grabbing, the geological results from the Lakeview prospect provide an equally important pillar in Gorilla Gold’s growth narrative.

Recent drilling has extended mineralisation down-dip by 250 metres, bringing the vertical extent of the King Kong lode to 550 metres, with the system remaining open.

Notable assays include 1.6 metres at 19.0 grams per tonne gold from 443.5 metres (LVEX143a) and 1.0 metre at 15.7 grams per tonne from 569.5 metres (LVEX128).

These results build on earlier intercepts such as 24 metres at 10.3 grams per tonne, underscoring the continuity of high-grade mineralisation.

The company has identified a major structural damage zone exceeding 100 metres in width, marked by faulting, shearing and quartz veining.

Importantly, these intersections have been delivered from some of the deepest holes drilled at the project to date, providing evidence of system scale and potential endowment.

With four drill rigs active at Comet Vale and further programs planned at Mulwarrie and Vivien before year-end, Gorilla Gold enters the final quarter of 2025 with elevated operational momentum.

The combination of seasoned leadership, a tightly aligned employee incentive plan, and consistently strong exploration outcomes places the company in a position to pursue its stated goal of delivering multiple million-ounce, high-grade resources.

For investors tracking Western Australia’s next wave of gold developers, the Gorilla update provides both geological substance and corporate clarity at a formative stage of its growth path.

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