Golden State Mining Limited announced the successful grant of two out of five tenement applications at GSM's new 1,200km Payne's Find Project in the Murchison region of Western Australia. The new Payne's Find project is located immediately east and 30kms north of Payne's Find in the Murchison region of Western Australia. GSM has secured the ground for its lithium and base metal potential based on open file aeromagnetic and remote sensing data evaluation.

Selection criteria supporting the GSM ground selection in the Payne's Find region includes known lithium-bearing pegmatites (e.g., Mount Edon & Goodingnow) in the region and a favourable geological setting for potential lithium mineralisation comprising multiple granitic intrusive episodes (many of which appear to be "late-stage") intruding into a potential extension of the "Youanmi Terrane" greenstones. The project-scale lithium targeting work has already commenced on the new, underexplored tenure of the entire project area. In addition, the technical team are assessing the interpreted base metal potential corridor on the western part of the Payne's Find North tenements.

Further reconnaissance and initial soil sampling work is due to commence in the coming weeks.