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GBM Resources Limited (ASX:GBM)

ALERT: Price-sensitive ASX Announcement for GBM
Current share price for GBM : $0.021 0.001 (5%)+
Announcement
Release
13 Aug 2026 9:26AM
Price at Release
$0.020
Full Release
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Summary
GBM Resources Limited has confirmed the expansion of its prospective gold host at Twin Hills, with recent drilling validating the extension of the BXM host horizon 700 meters south of the 309 Mineral Resource Estimate (MRE). The company's Stage 2 drilling program has improved geological understanding and indicated potential for mineralisation beyond current resource boundaries. Despite delays in assay results due to reagent shortages and increased submissions, preliminary results are promising. The revised geological model suggests a laterally extensive BXM sequence, significantly widening the exploration footprint and providing a coherent explanation for historic drilling results. GBM remains focused on further delineating the BXM horizon and assessing its potential to host additional gold resources.
Key Points
  • Stage 2 drilling program continues at Twin Hills with confirmed gold mineralisation beyond the 309 deposit.
  • Recent drilling confirms the BXM host horizon extends 700m south of the 309 MRE at the Stella prospect.
  • Drilling at 309 and Lone Sister deposits indicates expanded mineralisation potential beyond current boundaries.
  • Delays in assay results due to laboratory reagent shortages and increased sample submissions.
  • The revised geological model has improved understanding of mineralisation controls and expanded exploration potential at Twin Hills.
  • The BXM horizon is now understood as a laterally extensive sequence, rather than isolated bodies.
  • Ongoing drilling aims to further define the extent of the BXM horizon and potential for additional gold mineralisation.
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.