Lubuk Mandi Gold Mine

The Lubuk Mandi Gold Mine is located near the State capital of Terengganu in Peninsular Malaysia and covers 221 heactares and includes over a million tonnes of tailings which has significant potential for early gold production through the development and recommissioning of the mining operations with joint venture partners Angka Alamjaya Sendirian Berhad (AASB) and provides development funding options.

The Lubuk Mandi Gold Mine, which was previously owned and operated by government body Terengganu State Economic Development, in the mid 90’s, produced 108,000 ounces of gold from two shallow pits.  The existing processing plant is rated at 300,000 tpa and involves single stage crushing to a stockpile and mill. The mine and processing plant have been on care and maintenance since 2000.

In early 2013 GBM conducted due diligence and developed a business plan to develop the project and recommence mining operations.

The project has three identified sources of mineralised material that may provide ore for future mining and treatment.  Exploration targets comprises of:

  • Tailings Damexploration target between 1 Mt at 0.7 g/t Au containing 23,000 oz Au, and 1.4Mt at 0.9 g/t
  • Main Zoneexploration target between 370,000 tonnes averaging 2.9 g/t Au containing 35,000 oz Au and 1,100,000t averaging 3.6 g/t Au containing 127,000 oz Au
  • East Zone – exploration target between 1,440,000 tonnes averaging 2.5 g/t Au containing 116,000 oz Au and 2,400,000 tonnes averaging 3.6 g/t Au containing 280,000 oz Au.

Total JORC exploration target for the project is estimated to contain between 174,000 and 443,000 ounces of gold.

 Satellite image of current day Lubuk Mandi Mine Site showing lease outlines in red

Satellite image of current day Lubuk Mandi Mine Site showing lease outlines in red.

Lubuk Mandi mine layout plan showing exploration target locations

Lubuk Mandi mine layout plan showing exploration target locations.

native au at LM

Dendritic native gold in quartz from Lubuk Mandi (sample M446, field of view approx. 5mm). Henney et al 1994 pp33, Characterisation of Gold from Lubuk Mandi, British Geological Survey Technical Report WC94021.

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Latest News

Notice of Annual General Meeting & Explanatory Statement
Dear Fellow GBM Resources Shareholder,
Please find enclosed the Notice of Annual General Meeting for the Shareholders’ Meeting to be held at HLB Mann Judd, Level
4, 130 Stirling Street, Perth, Western Australia at 11.00am on Thursday, 9th November 2017.
9 November 2017
Annual Report
Dear Fellow Shareholders
GBM Resources continues to actively pursue its key objective of developing
and extending the known resources within the Company’s highly
prospective tenement holding in the Drummond Basin, Queensland.
6 October 2017
CORPORATE GOVERNANCE STATEMENT Financial Year Ended 30 June 2017
The Board of Directors (“Board”) is responsible for the overall corporate governance of the Company, including the establishing and monitoring of key performance goals.
6 October 2017

Latest Reports

Annual Report
Dear Fellow Shareholders
GBM Resources continues to actively pursue its key objective of developing
and extending the known resources within the Company’s highly
prospective tenement holding in the Drummond Basin, Queensland.
6 October 2017
Report for the Quarter Ended 30th June 2017
HIGHLIGHTS:
Mount Coolon Gold Project
• The Company has engaged Mining One Consultants to complete a scoping study in conjunction with a range of other specialists, on the Mount Coolon Gold Project. The Scoping Study is scheduled for completion in August.
• The Company appointed mining engineer, Mr Ian Horton, to the newly created role of General Manager of the Mount Coolon Gold Project.
• Gold resource increased at the Glen Eva deposit by 77% to 0.9Mt averaging 2.2 g/t Au containing an estimated 66,000 ounces. Potential exists to extend the Glen Eva Resource along strike and down dip.
31 July 2017
Report for the Quarter ended 31st March 2017
March Quarter Report 2017
31 March 2017

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T: (03) 5470 5033