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GBM Resources

Apr 19, 2021
GBM kicks off Yandan drilling campaign

GBM kicks off Yandan drilling campaign

GBM Resources has kicked off its diamond and RC drilling program at the Yandan gold project in Queensland’s Drummond Basin. The company has outlined a strategy to rapidly build a resource greater than one million ounces of gold within an 80km radius of the Yandan mining leases to accelerate development of a potential mining operation…. ...

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Feb 15, 2021
GBM lines up Twin Hills to build on gold hub

GBM lines up Twin Hills to build on gold hub

GBM Resources is well on the way to adding Minjar Gold’s Twin Hills project to its growing suite of Drummond Basin gold tenements. The company has entered a new non-binding agreement for the acquisition of Twin Hills, hot on the heels of its purchase of the nearby Yandan gold project from Aeris Resources. GBM managing… ...

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Jan 14, 2021
Yandan gold project sale finalised

Yandan gold project sale finalised

GBM Resources has completed its acquisition of the Yandan gold project from copper-gold producer Aeris Resources. Aeris receives $3 million in GBM shares (at $0.135 per share) and a 1.5 per cent Net Smelter Royalty on the first 300,000 oz of gold equivalent mined from the Yandan tenements. The company has also subscribed for a… ...

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Oct 19, 2020
GBM continues to build gold assets around Mount Coolon

GBM continues to build gold assets around Mount Coolon

GBM Resources is continuing to build on its Drummond Basin gold strategy by snapping up the Yandan gold project in the same region as its flagship Mount Coolon asset. At the same time it has announced completion of conditional placement to raise $5.4 million. The company has recently highlighted its intention to build a 1… ...

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Sep 09, 2020
GBM goes hard at Mount Coolon gold project

GBM goes hard at Mount Coolon gold project

GBM Resources has launched a 5000m diamond and RC drilling program at its flagship Mount Coolon gold project in North Queensland. GBM managing director and chief executive officer Peter Rohner described the program as a significant step towards becoming a gold producer in the Drummond Basin. It comes after the announcement last month that GBM… ...

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Aug 19, 2020
GBM ups the ante in  Drummond Basin drive

GBM ups the ante in Drummond Basin drive

GBM Resources is securing its Drummond Basin dominance with applications for nine new exploration licences covering 2515sq km of ground prospective for gold and silver. It says its strategy is to consolidate a leading ground position within a ‘processing halo’ centred on the flagship Mount Coolon gold project, which has 330,000oz resource. Granting of the… ...

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Dec 11, 2019
Acquisition may build Mount Coolon momentum

Acquisition may build Mount Coolon momentum

Mount Coolon gold project proponent GBM Resources is advancing a share placement campaign to allow the acquisition of Millstream Resources. GBM says the move has the potential to support its working capital requirements and the ongoing development of the Mount Coolon project in Central Queensland. Millstream, a subsidiary of Stibium, stands to earn a 50… ...

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