GBM Resources
Promotional Strapline: Developing Queensland's Drummond Basin Gold Projects
Primary Ticker: ASX:GBM
Stage of Development: Development, Exploration
Primary Minerals: Gold, Silver
Country / Region: Australia
Market Cap 110M
Project Locations: Australia
Website: GBM Resources
GBM Resources is advancing a 100% owned gold portfolio in Queensland’s Drummond Basin, supported by an existing ~1.84Moz Mineral Resource and substantial coverage across granted Mining Leases. The Company’s strategy is focused on expanding known gold systems, testing priority exploration targets and building a larger development platform across a proven epithermal gold district. Backed by experienced leadership and active drilling, GBM is positioned to pursue growth at both the project and district level.
Management Profile:
Daniel Hastings (CEO): Mr Hastings is a seasoned mining executive with 25 years of global experience in operations and corporate roles and a history of delivering significant outcomes. He led the team that discovered a +5Moz gold deposit near Ok Tedi, and advanced major projects including Telfer and Lumwana, delivering multi-billion-dollar growth and efficiency gains.
What are your key goals for the next 3 months?:
To continue drilling Twin Hills (1Moz) and Yandan (500koz) and release an updated Mineral Resource Estimate ("MRE") at Twin Hills in 2026
What are your key goals for the next 6 months?:
Expand the drilling at Twin Hills (1Moz) and Yandan (500koz), progress the feasibility studies at Twin Hills and upgrade the MRE at Yandan. Announce a scalable discovery
What are your key goals for the next 12 months?:
Release a expanded MRE across both Twin Hills and Yandan, announce the feasibility study for Twin Hills and have made a significant discovery with at Twin Hills and upgrade the MRE at Yandan. Announce MRE of a new discovery
What do you think makes your company such a compelling investment?:
GBM is well capitalised, has a strong existing resource base of 1.84Moz Au, plenty of growth potential and scope to make a discovery - 90% of the existing resource is held on MLs - 59% is within the M&I JORC category. - Queensland is the best Australian state to be operating within. - ~A$30m cash - Twin Hills Feasibility underway Significant intercepts from historic drilling: - 17m @ 317.4g/t Au - 140.6m @ 5.2g/t Au - 146m @ 9.8g/t Au - 20m @ 14.2g/t Au - 191m @ 4.0g/t Au Significant intercepts from recent drilling: - TNDH012 37m @ 5.00g/t Au from 225m, incl. 3m @ 29.96g/t Au from 251m - TNDH030 35m @ 2.29g/t Au from 242m, incl 3m @ 21.89g/t Au from 251m - TNDH004 29m @ 2.63g/t Au from 302m, incl. 3m @ 16.56g/t Au from 307m - TNDH026 21m @ 2.50 g/t Au from 158m and 14m @ 2.99g/t Au from 194m - TNDH021 21m @ 1.29g/t Au from 221m Recent step-out drilling has confirmed the continuation of the prospective Milled Matrix Breccia (“BXM”) host horizon at least 700m south - more assays to come
