GBM Resources Limited · ASX:GBM
GBM Resources — Shareholder Meeting (November 2015)
31 slides from GBM Resources's shareholder meeting presentation, Nov 26, 2015
Slide 1: Annual General Meeting Gold Focus
Annual General Meeting Gold Focus 26 November 2015 ASX:GBZ 1
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: Corporate Summary
Corporate Summary Capital Structure (ASX: GBZ) Board of Directors Shares on Issue 558 m Peter Thompson Executive Chairman Listed Options (3.5 cents) 178 m Neil Norris Exploration Director Expiring 30/06/16 Hun Seng Tan Non-Executive Director Share Price (close 24/11/2015) A$0.03 Market Cap ~AS16.8 m
Slide 4: Our Diversified Portfolio Summary
Our Diversified Portfolio Summary 4
Slide 5: Our Resource Summary
Our Resource Summary Mt Coolon Gold Resources 100% 268K ozs Au 26% Lubuk Mandi Gold Mine PRE- GBM 121K ozs Au IPO Malmsbury Gold Resource 100% 104K ozs Au Milo Rare Earths, Copper, Uranium, Phosphate Resource 100% 108Kt TREEYO, 96Kt Cu, 126k ozs Au, 14Mlbs U3O8, GOLD + BASE METALS + RARE EARTHS 5
Slide 6: Our Gold Resource Summary
Our Gold Resource Summary Significant Resource Growth with demonstrated exploration upside. TOTAL BENEFICIAL INTEREST IN RESOURCES 404,000 Oz Au 6
Slide 7: Mt Coolon Gold Mine: Key Gold Opportunity
1 Mt Coolon Gold Mine: Key Gold Opportunity 7
Slide 8: Quality Area Selection – World Class Deposits
Quality Area Selection – World Class Deposits • Acquired Mt Coolon Gold Mine April 2015 from Drummond Gold Limited Project Location • Located west of Mackay, Queensland Australia Mackay • 773m2 project area • Assets in world class gold province Drummond Basin - over 7M ounces • Defined Resources tot
Slide 9: Drummond Basin – Major Gold Producer
Drummond Basin – Major Gold Producer Gold endowment in excess of 7 Moz including: Wirralie 1.0 Moz Mt Leyshon 2.1 Moz Pajingo 3.0 Moz PROVEN BUT UNDER-EXPLORED GOLD PROVINCE 9
Slide 10: Mt Coolon Gold Deposits
Mt Coolon Gold Deposits Wobegong *2 Conway System 2m @27.0 g/t Au 2m @9.3 g/t Au EPM7259 Defined Gold Resources Bimurra System Bimurra Exploration (JORC 2012 compliant) target Drummond Basin Eugenia 164 200 oz EPM25365 Glen Eva 37 200 oz Eugenia Mt Coolon (Koala) 67 200 oz Mt Coolon Total Resources
Slide 11: Mt Coolon Upside
Mt Coolon Upside Wobegong *2 Conway System 2m @27.0 g/t Au 2m @9.3 g/t Au EPM7259 • Commenced Scoping Study to evaluate heap Bimurra System leach potential at Eugenia and Bimurra Bimurra Exploration target • Significant extensional potential remains at all Drummond Basin resource areas • Exploration
Slide 12: Eugenia Deposit
Eugenia Deposit Current Resource 164,000 oz Au • Shallow cover with post mineralisation sediments beneath - potential to extend with further drilling • Remains open at depth and along strike to the south • One deep intersection 2m @ 19.4 g/t Au • Suggestive of bonanza feeder structure at depth • Pot
Slide 13: Koala Deposit
Koala Deposit Current Resource 67,200 oz Au • Discovered 1913 • Large porphyry/epithermal province with proven genetics • Not tested sufficiently at depth or along strike or associated structures • Open cut and u/g production possibilities • Strong similarities to 3M oz Pajingo & Cracow Gold Mines,
Slide 14: Glen Eva Deposit
Glen Eva Deposit Current Resource 37,200 oz Au • Discovered 1992 • Blind deposit but sinter outcrop nearby lead to discovery • High grade “bonanza” epithermal vein • Open at depth and along strike • Virtually no exploration away from open pit 9000N 9600N 9900N 200mRL >10g/t Au Open pit mined 25k oz
Slide 15: Concept Development Strategy
Concept Development Strategy Near Term Production & Long Life Potential Short Term Initial Production Open Pit Heap Leach Production Medium Term Extended heap leach & O/C Primary New O/C Targets Mill Production Long Term Extended heap leach & U/G High Grade New O/C & U/G Targets Mill Production 15
Slide 16: Heap Leach Gold Extraction
Heap Leach Gold Extraction • Low cost gold extraction • Low capital cost • Established technology 16
Slide 17: Lubuk Mandi Gold Mine - Malaysia
2 Lubuk Mandi Lubuk Gold Mandi GoldMine Mine - Malaysia Tailings Dam 17
Slide 18: Malaysia opportunity
Malaysia opportunity • GBM acquired 40% interest in JV partners Lubuk AASB in Lubuk Mandi May 2013. Mandi • Tenements covers 221 hectares with gold production record • Close to existing infrastructure and regional centre of Terennganu and is an established mining site • Strategy : reprocess tailings
Slide 19: Unlock the Potential… SGX Listing
Unlock the Potential… SGX Listing Lubuk Mandi Gold Project Current Pre-IPO: up to SG$12 million capital raising IPO Phase –commence Achieve Hard-rock hard-rock mining Resource Capital to be raised Processing of from IPO gold from Tailings Dam On Track for SGX Listing Early 2016 19
Slide 20: Mount Morgan Cu Au Project
3 Mount Morgan Cu Au Project Limonite Hill - quartz vein with chalcopyrite molybdenite rosettes 20
Slide 21: Prospective Quality Areas
Prospective Quality Areas • Project area 764m2 (10 granted) / Target Copper-Gold Porphyry • Adjacent to world-class Mount Morgan Gold Mine - Mount Morgan produced 8 Moz Au and 400,000 tonnes of copper to date Rockhampton • Under-explored porphyry province multiple high order targets • Completed exte
Slide 22: Strategic Tenement Holding
Strategic Tenement Holding Priority drill ready targets: Limonite Hill Sandy Creek Oakey Creek All porphyry copper gold style mineralisation . 22
Slide 23: Milo Project IOCGU REE
4 Milo Project IOCGU REE • Queensland’s North West prolific Mineral Milo Province (Mt Isa Inlier) • Key Commodities –rare earths, copper, uranium, phosphate and gold Milo • MILO Multi Element Project: Milo • 108Kt TREEYO • 1.3 Mt P2O5 • 97Kt Cu • 14Mlbs U3O8 . 23
Slide 24: CED Copper-Gold JV Targets
5 CED Copper-GoldJVTargets CED Copper-Gold • Partner’s Interest - Major global companies Pan Pacific Copper 75% and Mitsui & Co 25% • Talawanta /Grassy Bore, Mt Margaret, Chumvale and Bungalien Projects • Spend $15m over 6 years to earn 51% • Budget this year $2.0m • Spend $1.03m for each 1% increme
Slide 25: Victorian Projects - Quality exploration portfolio
Victorian Projects - Quality exploration 6 portfolio 25
Slide 26: Value Summary
Value Summary KEY FOCUS GOLD Mount Coolon - early production opportunity (Heap Leach at Eugenia deposit = reduced risk + development self funding). Participate in exploration of proven, under explored gold province OTHER VALUE DRIVERS Lubuk Mandi - participate in Malaysia growth potential in gold an
Slide 27: Value Summary Supported by Funding Opportunities
Value Summary Supported by Funding Opportunities 1. Current Non–Renounceable Entitlement Issue 2. JV partner for the Mt Coolon Gold Project 3. Exercise of Listed Options expiring 30/6/16 4. Equity investment in Lubuk Mandi Post IPO 27
Slide 28: Thank you
Thank you THANK YOU www.gbmr.com.au 28
Slide 29: Mount Coolon & Malmsbury Resource Tables
Mount Coolon & Malmsbury Resource Tables Mount Coolon Gold Mines Limited From; Annual Statement of Mineral resources, GBM Annual Report 2015. Details of the Mount Coolon resources can be located in ASX release dated 27th of August 2015. Malmsbury Gold Project Resources. From; Annual Statement of Min
Slide 30: Milo Resource Tables
Milo Resource Tables Milo IOCG Project From; Annual Statement of Mineral resources, GBM Annual Report 2015. Details of the Milo resource can be located in ASX release dated 9th of August 2012. . TREEYO Inferred Resource LREEO HREEY cutoff tonnes TREEYO P2O5 CeO2 La2O3 Nd2O3 Pr2O3 Sm2O3 Eu2O3 Gd2O3 Y
Slide 31: Lubuk Mandi Resource Tables
Lubuk Mandi Resource Tables Tailings Resource From; GBM ASX release 24th October 2013. Indicated + Inferred Contained Gold Grade Tonnes Grammes Ounces ppm Au % Tonnage Indicated 1,445,000 1,009,000 32,400 0.70 94% Inferred 87,000 72,000 2,300 0.80 6% Total 1,532,000 1,081,400 34,800 0.70 100% Hardro