Articles On GBM Resources (ASX:GBZ)

GBM has completed its sale of the Mayfield copper-gold project in Queensland to C29 Metals for $210,000 in cash and 1.56 million C29 shares. It follows C29 exercising the option agreement from February and GBM executing a binding agreement...

GBM Resources has sold its Mt Morgan gold-copper project in Queensland to Canadian company Smartset Services. GBM had received shareholder approval at the 2021 Annual General Meeting to proceed with the transaction. The agreement sees GBM v...

GBM has executed a binding agreement to sell its non-core Mt Morgan gold-copper project to Smartset Services, allowing it to focus on its flagship Drummond Basin gold assets. The company will receive 20,459,545 shares in Smartset for the pr...

GBM Resources (GBZ) executes a binding agreement for the sale of its Mt Morgan project in Queensland to TSXV-listed Smartset Services In exchange for the Mt Morgan tenements, GBM will receive more than 20.45 million Smartset shares as well...

GBM’s run of gold hits at the 309 Deposit is continuing with more high-grade mineralisation identified outside of the existing resource model. This is highlighted by the 19m zone grading 5.22 grams per tonne (g/t) gold from a down-hole dept...

The ASX is set to open higher on Friday Wall Street and European stock markets rallied overnight Oil and Bitcoin have also climbed back up The ASX 200 is set to extend Thursday’s gains, with the July futures index pointing higher by 0.80%...

GBM Resources (GBZ) reports “excellent” results from its initial diamond drill program at the Twin Hills Project in Queensland The company undertook a roughly 7000 metre diamond drilling program at the 309 Deposit, completing 15 of its pla...

The ASX 200 and XEC small cap indices rise Attention turns to Tuesday’s date with RBA destiny Celsius Resources is hot   The ASX 200 and the Emerging Markets (XEC) indices are both trading higher on Monday up about 1.2%, ahead of tomorrow...

Drilling at GBM’s Malmsbury joint venture gold project has now defined the Missing Link Monzogranite target over 340m of strike and 40m width. Hole MD17 intersected a 65m zone of strongly altered and mineralised Missing Link Monzogranite fr...

GBM Resources (GBZ) is progressing the sale of its Mayfield project, in north-west Queensland, to copper explorer C29 Metals (C29) C29 has exercised its option to acquire a 100 per cent interest in the copper project which it says compleme...

GBM Resources (GBZ) receives further results from drilling at the 309 deposit within its Twin Hills project in Queensland Latest results come from two holes of the 7000-metre program, one of which intersected gold 254 metres outside of the...

GBM’s goal of increased resources at the 309 Deposit at its Twin Hills project continues to gain momentum with drilling confirming the extension of gold mineralisation. Assays from a further two holes have returned thick zones of mineralisa...

GBM Resources (GBZ) is nearing completion of the phase one diamond drilling program at the Malmsbury Project joint venture (JV) in Victoria Seven diamond holes have been drilled to date with one hole remaining and results have been receive...

GBM has intersected a significant, high-grade gold zone at its Malmsbury joint venture project in Victoria with Canada’s Novo Resources. Notable results from the first three holes received to date are 14m at 6.1 grams per tonne (g/t) gold f...

GBM has already seen some great drill results at its Twin Hills project, however the latest assays really take the cake with a top 49m intersection grading 5.18g/t gold. Adding further interest, this top hit in hole 309DD22005 from a depth...

GBM Resources (GBZ) unveils a new round of “excellent” results from a diamond drilling program at its flagship Twin Hills project in Queensland. Drilling is progressing well, with 12 of the planned 17 holes drilled under the program, which...

GBM has sold the Brightlands Milo project in Queensland as part of its ongoing divestment of non-core assets to focus on gold exploration in the Drummond Basin. The sale of the IOCG, uranium and rare earths project to Canada’s Consolidated...

Initial results from diamond drilling at GBM’s Twin Hills project in the Drummond Basin, QLD have reinforced the potential of the 309 gold deposit to be a large, near-surface bulk mining play. The first two holes returned outstanding assays...

GBM Resources (GBZ) intersects up to 21.75 g/t gold from the first two holes of its maiden drill program at the 309 deposit in Queensland The company is drilling 17 diamond holes to confirm historical drilling results and data as well as...

The ASX200 closed lower Tuesday, shedding 72 points or 1.0%. The ASX Emerging Companies index (XEC) fell 3.3% to its lowest ebb since September last year. Tech stocks were hammered, most sectors fell hard. That’s largely because the confus...

The Mayfield project complements C29 Metals’ core projects and provides the opportunity to further expand its copper-gold inventory. 

GBM Resources (GBZ) starts phase one of the diamond core drilling program at the Twin Hills Project in Drummond Basin, Queensland The program will be undertaken at the 309 Deposit and is testing a series of high grade shoots at depth and d...

Drilling has started at GBM’s underexplored and highly prospective 309 deposit targeting previously untested areas, resource expansion and increased resource certainty. While the company had upgraded resources at the recently acquired Twin...

GBM Resources says results from three diamond drill holes in the first phase of drilling at its Malmsbury JV in Victoria are due this quarter. A 50-50 partnership with Canadian listed Novo Resources Corp., the drilling is following up 12 mo...

GBM’s recent acquisition of the Twin Hills gold deposits is proving to be a sweeter deal than previously expected after it upgraded their resources by 20%. The Lone Sister and 309 deposits are now estimated to host a resource of 12.9 millio...

GBM Resources (GBZ) updates the JORC 2012 mineral resource estimate (MRE) for the Twin Hills Project in North Queensland The MRE is for the Lone Sister and 309 deposits and totals 12.9 million tonnes at 1.8 grams of gold per tonne (g/t) fo...

GBM’s goal of becoming a significant gold producer in the Drummond Basin has been boosted by its acquisition of the high-grade Twin Hills project from Minjar Gold. The company has several good reasons to be excited about the acquisition wit...

The past fortnight saw ~$62.79m in big director sales and a more modest ~$20.5m in buys but the biggest buy of the week came from a relatively new gold producer. Emerald Resources (ASX:EMR) director Ross Stanley bought just over $1 million...

It has been an ‘extraordinary’ gold run over the past few days, according to OANDA UK & EMEA senior market analyst Craig Erlam. The price of the precious metal is now at 5 month highs of +$US1,860/oz. Pic: Gold price over the past year....

Step out drilling at GBM Resources’ (GBZ) Glen Eva deposit has extended the known gold zone over a 1 kilometre strike which remains open at depth Glen Eva is part of GBZ’s wider Mt Coolon Gold Project in North Queensland, with 13 drill hol...

The ASX 200 has tracked lower in Friday trade, rounding out a choppy week where local stocks struggled for direction. The index was dragged lower by another brutal session for the big miners as iron ore prices tanked again, led by a 15% dro...

It was another day of gains for the ASX led by the energy sector. The ASX 200 rose by 0.116% to close at 7,437 while the ASX Emerging Companies Index rose 0.56% to close at 2,527. Although there was an even number of winners and losers amon...

The ASX closed higher today and it was all thanks to the latest moves in the uranium sector. Spot prices have reached ~7 year highs with the latest catalyst being the Sprott Physical Uranium Trust buying up more physical uranium and spot pr...

Boadicea Resources has been granted an exploration licence at its ‘Clarke Reward’ gold project in North Queensland, paving the way for on-ground exploration to begin.   The granting of the five-year permit allows Boadicea (ASX:BOA) to get s...

After starting the day in negative territory, the Australian bourse recovered to finish higher. The ASX 200 closed 0.17 per cent up, at 7,348 points while the ASX Emerging Companies Index closed 0.71 per cent up at 2,203. Most sectors were...

The ASX 200 index closed near its lows Thursday, falling by 0.39% on lower-than-normal volume. Nine out of 11 sectors were lower, led by Health Care, which lost 1.44%. The Materials sector – which includes chemicals and plastics, constructi...

Summary The S&P/ASX200 traded lower by 28.50 points or 0.39% at 7,284 by Thursday afternoon. The market sentiment was dented by curbs in various parts of Australia amid surging coronavirus cases of the Delta variant. Seven of the...

GBM Resources has initiated the sale of its Mt Morgan gold-copper project in Queensland, trading the tenements for 20.08 million shares in Canadian-based Smartset Services. Upon completion of the deal, assuming Smartset succeeds in an $C8 m...

Are large Bitcoin investors moving back into precious metals? In a note to clients, JPMorgan said large institutional investors are dumping bitcoin in favour of gold, reversing a trend that’s played out over the last two quarters. “The bitc...

Summary The AIS share price has skyrocketed 18.1% to AU$0.13 in today’s session, clocking a very high volume of over 29 million shares. After a consistent downtrend, the AMX share price has shown the first sign of reversal. The GMD sh...

The phase 1 reverse circulation drilling program is targeted to provide additional information that could support a potential further mining and ore leaching campaign at White Dam.

Risk on sentiment has returned to the ASX. The ASX finished 0.78 per cent higher at 6,791 points although it peaked at 6,861 earlier today, which was nearly 2 per cent higher than the day before. The ASX Emerging Companies Index however los...

Copper and gold company GBM Resources is expecting to deliver its first customer shipment of copper concentrate in April from its White Dam joint venture. The delivery will mark a significant milestone for GBM Resources (ASX:GBZ) which has...

Last year Kalamazoo Resources (ASX: KZR) added to its Victorian gold holdings by being granted the Queens exploration licence on ground adjoining its Castlemaine project in the central part of the state. It was part of the company’s move to...

The equity position in GBM follows the sale by Aeris of the Yandan Gold Exploration Project.

Both companies view Malmsbury as one of the most prospective and underexplored high-grade gold projects in the Victorian Goldfields, displaying many of the geological characteristics of the Fosterville epizonal orogenic gold deposit.

Both companies view Malmsbury as one of the most prospective and underexplored high-grade gold projects in the Victorian Goldfields, displaying many of the geological characteristics of the Fosterville epizonal orogenic gold deposit.

The gold and copper explorer Aeris Resources Limited (ASX:AIS) announced the completion of the sale of its Yandan Gold Exploration Project. The project is acquired by GBM Resources (ASX:GBZ) at a price of A$3 million. GBM to issue shares to...

Aeris will receive $3 million in GBM shares and a 1.5% NSR on the first 300,000 ounces of gold equivalent mined from the Yandan tenements.

Established Australian copper-gold producer and explorer, Aeris Resources (ASX: AIS) today announced the completion of the sale of the Yandan gold exploration project to GBM Resources (ASX: GBZ). As consideration for the sale of Yandan, Ae...