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GBM Resources Limited (ASX:GBM)

ALERT: Price-sensitive ASX Announcement for GBM
Current share price for GBM : $0.023 -0.016 (-41.03%)+
Announcement
Release
28 Jan 2026 8:50AM
Price at Release
$0.039
Full Release
download
Summary
The December 2025 Quarterly Report for GBM Resources Limited highlights advancements in their Drummond Basin gold assets in Queensland, with successful Stage 1 drilling at the Twin Hills, revealing significant high-grade mineralisation outside the existing mineral resource estimate. The report also outlines the divestment of non-core assets such as the White Dam and Cloncurry projects, raising A$40 million through a placement with institutional investors. Additionally, GBM has secured full bonding for the Yandan Gold Project, increasing security of tenure and currently holds approximately 1.84 Moz in JORC resources.
Key Points
  • GBM Resources Limited focused on Drummond Basin gold assets in Queensland.
  • Stage 1 drilling at Twin Hills (309 and Lone Sister deposits) showed high-grade mineralisation.
  • Significant drill results included 29m @ 3.13g/t Au from 194m at 309 Deposit and 89m @ 1.28g/t Au from 189m at Lone Sister.
  • Non-core asset divestments included the sale of White Dam and Cloncurry projects.
  • A$40m was raised through a placement with institutional and sophisticated investors.
  • The company is fully bonded for the Yandan Gold Project with a A$2.6 million environmental bond.
  • GBM has approximately 1.84 Moz in JORC resources across its projects.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.