GBM Resources Limited (ASX:GBZ)

Peter Thompson
MD
Market Cap (AUD): 36.62M
Sector: Materials
Last Trade (AUD): 0.067 +0 (+0%)
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1. About

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.

2. Business model

3. Strategy

4. Markets

5. Competition

6. History

7. Team

8. Financials

9. Risk