GBM Resources Limited (ASX:GBZ)
GBM Resources Limited (ASX:GBZ) is a mineral exploration and development company focused on the discovery of world-class gold and copper deposits in Eastern Australia.
The Company has a high calibre project portfolio, hosting district scale mineral systems, located in a number of premier metallogenic terrains. Its 100% owned flagship project in the Drummond Basin (QLD) holds ~1.6 Moz of gold in JORC resources (Mt Coolon, Yandan and Twin Hills). 2022 will see an expanded drilling program which is aiming to define 2-3 Moz and support GBMs transition into a mid-tier Australian gold company.
Separately it also holds tenements in the Mt Morgan district (subject to a vend into a TSX company) and in the Mt Isa Inlier in Queensland (JV with Nippon Mining Australia - 54%), and the Malmsbury Project (JV with Novo Resources Corp. - 50%, earning additional 10%) in the prolific Victorian Goldfields.
This is complemented by the cash generating White Dam Gold-Copper Project in South Australia in which GBM now holds a 100% interest.
Divestment of non-core assets will continue.