GBM Resources Limited · ASX:GBM
GBM Resources — Resources Victoria Conference 2008
29 slides from GBM Resources's conference presentation, Aug 25, 2008
Slide 1: Targeting world class Gold and Copper-gold systems
Targeting world class Gold and Copper-gold systems Resources Victoria Conference- Presentation 25 August 2008 gb m RESOURCES LTD
Slide 2: Disclaimer
Disclaimer This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly. This Document is not a Prospectus nor an Offer to Subscribe for Shares. GBM and its Directors, employees and consultants make no representations or warranty as to the accurac
Slide 3: About GBM
About GBM ASX code: GBZ Listed : Oct 07 Activities : Gold and Copper exploration Issued capital: quoted 34.2 million shares ( unquoted 31.6 million) quoted 40.4 million options ( unquoted 23.0 million) Cash : $2.7million Board : Peter May - Chairman – banking, corporate finance and advisory services
Slide 4: Strategy
Strategy Discover a new deposit in our portfolio of assets which has the potential to be commercially developed- adding significant value to the company and shareholders. Our current exploration assets are on the way to achieving this outcome. gb m RESOURCES LTD
Slide 5: Projects Snap Shot
Projects Snap Shot • 10 titles in the Mount Isa/ Cloncurry region . World’s most prolific producer of base metals. Key gold copper/gold targets plus potential for uranium and phosphate. •Malmsbury gold project has a resource of 59,000 ounces and drilling to date confirms the potential to extend the
Slide 6: Project Locations
Project Locations Grassy Bore Talawanta Mt Margaret Brightlands Bungalien Horsecreek Dee Range Malmsbury Gold Willaura gb m Gold / Copper RESOURCES LTD
Slide 7: Mt Isa Copper Gold Projects
Mt Isa Copper Gold Projects ‘nowhere else on earth measures up’ gb m RESOURCES LTD
Slide 8: Mt Isa Copper Gold Projects
Mt Isa Copper Gold Projects Ten Titles, Four Major Projects; •Talawanta & Grassy Bore: IOCG •Mt Margaret Group: IOCG •Brightlands: Au, Cu-Au-U •Bungalien, Malbon2 & Horse Creek: IOCG, P gb m RESOURCES LTD
Slide 9: Brightlands
Brightlands Rocklands Project Cu Mary Kathleen Tiger • 8,882t U3O8 •Rock chip samples to 1.97ppm Au and 17.5% Cu EPM 14416 Southern Gold •Extensive breccia hosting widespread anomalous base metal and gold values at surface Milo & Milo West Fine Gold Gully •Historical rock chip samples to •Coherent s
Slide 10: Talawanta - Grassy Bore
Talawanta -Grassy Bore Talawanta •Extensive, intense magnetic high, IOCG targets •Younger Carpentaria Basin cover >300m •Previous drilling only three holes to bedrock • peak values 0.5m @ 5.1 g/t Au, 1.83% Cu •Extensive hydrothermal alteration in core Grassy Bore •Multiple intense magnetic highs, IO
Slide 11: Mount Margaret
Mount Margaret Mount Margaret Project •Extensive surficial cover •Complex magnetic response with variable IOCG targets •Located on extensive metasomatised roof zone of prospective granitic intrusives EPM 16227 •Previous exploration appears to have ignored hematite and sulphide IOCG target styles EPM
Slide 12: Bungalien – Horse Creek
Bungalien – Horse Creek IOCG target EPM 14120 •Several discrete magnetic highs •Associated soil geochemical anomaly EPM 14355 EPM 15150 IOCG target •Discrete, intense magnetic high gb •Proximal to Wimberu Granite 1550ma m RESOURCES LTD
Slide 13: Bungalien – Horse Creek
Bungalien – Horse Creek EPM 14120 Radiometric anomaly •corresponding to outcrop of Beetle Creek Formation. EPM 15150 EPM 14355 Previous Drilling •Confirm presence of Beetle Creek Formation •Phosphatic sediments Georgina Basin gb logged, no analyses Margin •Largely obscured by recent cover in EPM 151
Slide 14: Georgina Basin: An Emerging Phosphate Province
Georgina Basin LADY ANNIE PHOSPHATE 293 MT @ 16.6%P205 An Emerging HIGHLAND PLAINS Phosphate Province 84 MT @13.4%P205 • 3.3Bt identified resources D-TREE • Grade ranges from 7.5 to 450 MT @15.9%P205 18% P 2 O5 •Price increased from US$50 WONARAH MT Isa 72 MT @23%P205 Inlier to US$350 per tonne in y
Slide 15: Mt. Isa Summary
Mt. Isa Summary Short term targets • Define P potential on Bungalien – Horse Creek • Upgrade Cu-Au-U targets on Brightlands • Review targets on Mt Margaret and Talawanta-Grassy Bore Long term targets • Discover bulk mineable high value Cu-Au IOCG gb • Evaluate alternative deposit styles (ie. Tic
Slide 16: Malmsbury Gold Project
Malmsbury Gold Project Intrusive Related Gold In Central Victoria gb m RESOURCES LTD
Slide 17: Malmsbury Gold Project
Malmsbury Gold Project Taradale Fault Drummond North Goldfield Adjacent to major regional structure Malmsbury Granite related mineral assemblage Drummond Disseminated Au distribution North Goldfield Au located in shears, fractures and 91K ozs stockworks Multiple gold bearing structures EL
Slide 18: Malmsbury Gold Project
Malmsbury Gold Project Panama Missing Link Leven Star Intrusive Target 4.0m @ 9.5 g/t Au - Deepest hole Queen’s Birthday 4.1m @ 13.1 g/t Au - Most southern hole Drummond North 91,000 oz’s historic hardrock production
Slide 19: Malmsbury Gold Project
Gold Endowment recognised to date 0.15M ozs. gb Malmsbury Gold Project m RESOURCES LTD
Slide 20: Leven Star Deposit
Leven Star Deposit DDH9 7m @ 6.4 g/t Au DDH8 4.1m @ 13.1 g/t Au MD 01 4.0m @ 9.5 g/t Au Inferred Resource • 305,000T @ 6.0g/t Au, 59,000ozs Au • Evidence of depth continuation
Slide 21: Malmsbury Gold Project Summary
Malmsbury Gold Project Summary Short term targets • Define the geological potential of major structural zones (Drummond north - NNW trending reef systems extending 2.5kms. Historical workings extracted 91,000 ounces). • Map and sample extensive additional structures/shears identified but not explore
Slide 22: Dee Range copper gold Project
Dee Range copper gold Project Growing Presence in major Cu-Au Province gb m RESOURCES LTD
Slide 23: Dee Range Project
Dee Range Project gb m RESOURCES LTD
Slide 24: Dee Range Project
Dee Range Project Mt Gordon • porphyry Cu-Au-Mo •23.0m @ 0.3% Cu, 0.2 g/t Au •4km magnetic low Mt Morgan Mine 8.0M ozs Au 400KT Cu Westwood Gold Mine ULAM •High grade quartz veins •Extensive workings •Intrusive host? on shears and veins •Zonation toward Smelter Return magnetic low •300 x 400m skarn
Slide 25: Dee Range Project
Dee Range Project Copper mineralisation is widespread throughout the area. The Dee Range and Smelter Returns Prospects cover an aeromagnetic anomaly suggesting an intrusive complex with features similar to Mt Morgan. Mt Morgan lies 20km north-east and produced 8 million ounces of gold and 420,
Slide 26: Willaura Project
Willaura Project Cu-Au Intrusive Related Deposits gb m RESOURCES LTD
Slide 27: Willaura – Project Summary
Willaura – Project Summary Target - Porphyry Cu Au deposit (Geologically similar to Cadia, Mt Lyell and North Parkes) Targets defined by geochemical, geological, structural and geophysical data This area is one of the most under explored volcanic area in Australia Adjacent tenement results i
Slide 28: Key Targets to achieve Strategy
Key Targets to achieve Strategy Exploration Activity Isa Projects • Bungalien & Horse Creek -Establish phosphate potential • Brightlands – upgrade Cu-Au-U targets • Mount Margaret – upgrade and rank IOCG targets • Talawanta & Grassy Bore – significant magnetic anomalies, IOCG targets Malmsbury Gold
Slide 29: GBM Resources - Thankyou
GBM Resources Targeting world class Gold and Copper-gold systems Thankyou gb m RESOURCES LTD