Articles On GBM Resources (ASX:GBZ)

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...

Special Report: GBM Resources (ASX:GBZ) now has a resource of 852,000oz of gold at the Yandan and Mt Coolan projects ... Read More The post GBZ tops up Yandan gold resource, eyes further growth appeared first on Stockhead.

The combined mineral resource estimate for the Yandan Gold Project and the Mt Coolon Gold Project now totals 28.2 million tonnes at 0.9 g/t gold for 852,000 ounces.

Aeris Resources is set to offload its Yandan gold exploration project to GBM Resources, with the sale expected to be finalised this year. The Yandan project has produced around 350,000 ounces of gold and hosts a JORC 2004 mineral resource e...

Special Report: The new acquisition of the +400,000oz Yandan gold project is part of GBM Resources’ (ASX:GBZ) strategy to build ... Read More The post GBM Resources grows gold hoard with +400,000oz Yandan project purchase appeared first on...

Established Australian copper and gold producer and explorer, Aeris Resources (ASX: AIS) today announced the sale of the Yandan Gold Exploration Project in North Queensland to GBM Resources (ASX: GBZ). Aeris will receive $3 million of GBM...

Aeris will be issued GBM shares to the value of A$3 million and will also subscribe for shares to the value of $1 million.

GBM is in a farm-in and 'option to purchase' agreement to acquire a 100% interest in White Dam, in which it already has a 50% interest while the remaining stake is held by Round Oak.

Joint venture (JV) partners GBM Resources and Round Oak Minerals have poured first gold dore bar at the White Dam gold-copper heap leach operation in South Australia. The bar was poured with associated copper concentrate production from a s...

GBM Resources and Washington H. Soul Pattinson have produced the first gold dore from their White Dam gold-copper heap leach operation in South ...

There’s 191 ASX gold stocks on our list — from $25bn behemoth Newcrest (ASX:NCM) all the way down to $4.7m tiddler African Gold (ASX:A1G) – with a combined market cap of ~$82.8bn. Despite running out of puff in August and September the gold...

TSX-V listed Novo Resources has excised another acquisition option, extending its control over the Malmsbury goldfield in Victoria. The transaction, which sees Novo taking up a 50 per cent purchase option from GBM Resources, builds on Novo’...

Novo Resources has locked in an initial 50 per cent interest in Kalamazoo Resources’ Queens gold project in Victoria. According to Novo, there is scope to increase to an 80 per cent interest for the project. Novo will conduct due diligence...

With its recently acquired Ashburton gold project in Western Australia now gaining greater focus and 10 priority targets in Victoria, Kalamazoo Resources (ASX: KZR) has granted Canada-listed Novo Resources Corporation an option to earn up t...

The sudden drop in spot gold prices and reintroduction of COVID-19 restrictions in New Zealand have hit the relevant ASX small caps this morning. After 100 days of being virus-free, four COVID-19 cases were detected in the country. New Zeal...

There is no question that the bidding war over the Jumbuck gold project in South Australia has proved beneficial for Tyranna Resources (ASX:TYX), with the company receiving and accepting a revised $2.25m offer from original bidder Syngas (A...

ASX companies continued to raise money in July, with over $4bn shelled out by investors, taking 2020’s total above $30bn. According to Bloomberg, there has been $32.3bn worth of cash raised between January 1 and August 3. This is well ahead...

Australian explorer Kalamazoo Resources (ASX: KZR) has been granted a new exploration licence adjoining its Castlemaine gold project in central Victoria, taking its total landholding in the area to 310sq km. Referred to as Queens, the licen...

A quick wrap of the ASX’s key winners and losers on Tuesday, July 7. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made market-moving announcements during the day. Today 571 stocks rose, 750 declined and 786...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

A quick wrap of the key winners and losers on Monday, May 4. Data is taken after the market closes at 4pm EST. Stocks highlighted in yellow made potentially market-moving announcements during the day. Code Company Price % Change...

Stockhead’s Top 10 at 10 highlights the best (and worst) performing ASX small caps in morning trade. It’s a short, sharp update to help frame the trading day by showing the biggest movers in percentage terms. The market opens at 10am (easte...

Your weekly recap of the news driving ASX small cap gold stocks. The major gold miners were obliterated alongside everyone else last week. The ASX’s big three producers – Newcrest Mining (ASX:NCM), Northern Star (ASX:NST) and Evolution (ASX...