Projects Summary

GBM listed on the ASX since 2007 and now holds an extensive portfolio of mineral exploration tenements including licences and applications covering an area of greater than 4,638 square kilometres in project areas in Queensland and Victoria.  Exploration remains focussed on the discovery of significant gold and copper-gold deposits. The combination of location in prospective mineral provinces, high quality targets, innovative technology and a high level of exploration activity, provide GBM with excellent prospects for the discovery of one or more world class deposits within this high quality tenement package.

Acquisition of a 40% stake in the Lubuk Mandi Gold Project in Peninsular Malaysia re-enforces GBM's commitment to development and early production, and also marks a willingness to move outside Australia when the right opportunity is identified.  

Project Location Map

Current Share Price
1.0c
Visit ASX Website
Current Gold Price
US$1332.00

Latest News

Report for the Quarter ended 31st December 2017
The December Quarter represents a pivotal period for the Company withkey activities together marking a major step forward in realising nearterm gold production from the Mt Coolon Gold Project while at the sametime providing the opportunity for a longer mine life by incorporating significant additional gold resources from the Twin Hills Gold Project.
31 January 2018
GBM Acquires The Twin Hills Gold Project
• Binding Heads of Agreement signed with Minjar Gold Pty Ltd1 to acquire 100% interest in Twin Hills Gold Project proximate to GBM’s Mt Coolon Gold Project.
• Acquisition cost is $1.5m on a deferred settlement basis and the issue of 50m ordinary fully paid shares in the Company
• The acquisition further underwrites the development of the Mt Coolon Gold Project, potentially doubling its resource base and adding significant exploration potential.
• The Twin Hill Gold Project published inferred resource is estimated
at 398,000 ounces2 Executive
22 December 2017
Non Binding Ore Purchase Term Sheet With Pajingo Gold Mine
• GBM will sell its Mt Coolon high grade Glen Eva and Koala resources over a 2.5 year period.
• Mining is planned to commence in the September quarter 2018.
• GBM will mine and transport the material to the Pajingo Gold Mine and Pajingo will batch process.
• The commercial terms are based on open book approach and the nett proceeds from gold sales will be allocated 50:50 to the parties.
• This opportunity with Minjar1 can transform GBM from a capital dependent Company to cash flow generating.
19 December 2017

Latest Reports

Report for the Quarter ended 31st December 2017
The December Quarter represents a pivotal period for the Company withkey activities together marking a major step forward in realising nearterm gold production from the Mt Coolon Gold Project while at the sametime providing the opportunity for a longer mine life by incorporating significant additional gold resources from the Twin Hills Gold Project
31 January 2018
Report for the Quarter ended 30th September 2017
- 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.
23 October 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

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Contact Address

GBM Resources

ABN 91 124 752 745

Suite 8, 7 The Esplanade,
MT PLEASANT WA 6153

T: (08) 9316 9100

F: (08) 9315 5475

E: info@gbmr.com.au

 

Exploration Office

10 Parker St, Castlemaine VIC 3450

T: (03) 5470 5033