GBM Resources Limited · ASX:GBM

GBM Resources — The Australian Gold Conference 2022

37 slides from GBM Resources's conference presentation, Jun 15, 2022

  1. Slide 1: The Australian Gold Conference Presentation

    The Australian Gold Conference Presentation ASX:GBZ GBM: delivering world class gold resources Presentation – 15 June 2022

  2. Slide 2: Important notices

    Important notices This Document is not a Prospectus nor an Offer to Subscribe for Shares and Options (the “New Securities”) in any jurisdiction. The distribution of this Document in jurisdictions outside of Australia may be restricted by law. Any person who comes into possession of this Document in

  3. Slide 3: GBM's strategy

    GBM’s strategy Assemble, explore and develop world class, high grade gold resources Key focus: On Prospective Drummond Basin Gold Flagship  Approximately 4,540 km2 Tenement Package  1.6 Moz Gold JORC Resources  Aiming to define 2-3 Moz Gold Resource in Drummond Basin, QLD, Australia  Planned ing

  4. Slide 4: GBM has delivered

    GBM has delivered Drummond Basin Total JORC Resources In 2020 and 2021 progress: Contained Au Metal (koz) 1,800  Significant increase in gold resources with consolidation, see chart1 1,600 1,400 1,200  Joint ventured “Fosterville style gold” Malmsbury project in Victoria 1,000 Inferred 800  Advan

  5. Slide 5: 2022 Plans

    2022 Plans 1. Drummond Basin, QLD, Australia (Prioritise Resource Expansion, Category Upgrades and New Discoveries) Exploration Priorities  Commence >20,000 m drilling program (Twin Hills, Yandan, Illamahta, Mt Coolon) ~ 5,500m completed  Advance geological models for targets at Yandan and Glen Ev

  6. Slide 6: Successful, experienced global directors/team with a history of value add

    Successful, experienced global directors/team with a history of value add Peter Mullens, Executive Chairman – mine & exploration geology internationally Peter Rohner, Managing Director – world leading figure in metallurgy Tom Cooney, Chief Operating Officer – mining engineer with development and ope

  7. Slide 7: Drummond Basin - Au, Ag

    Drummond Basin - Au, Ag Twin Hills Mount Coolon Yandan GBM drilling at Yandan, 14 April 2021

  8. Slide 8: Our Business – Focus on Drummond Basin

    Our Business – Focus on Drummond Basin  400% increase in resources  Focus on flagship – Drummond Basin gold  Significant tenement position (3,757 km2 granted DRUMMOND CLONCURRY JV BASIN and 783 km2 under application) in prospective region Mine MT MORGAN Priority Project with Initial Resource Drum

  9. Slide 9: Drummond Basin – Flagship Gold Province

    Drummond Basin – Flagship Gold Province  High potential for new discoveries and to increase and upgrade resources at each site Mt Coolon Project 100% GBM Resource: 330 koz Au1,2  13 epithermal gold systems in portfolio and many more prospects Conway Legend Bimurra GBM EPM granted Clewitts Yandan P

  10. Slide 10: Twin Hills Resource Expansion and Regional Exploration Opportunities

    Twin Hills Resource Expansion and Regional Exploration Opportunities  Twin Hills Project Twin Hills Gold Project  Higher grades over extended intervals 100% GBM Carboniferous 309 + Lone Sister Resource: 633 koz Au1  Upside to resources at both projects and nearby targets Sediments  Historical dr

  11. Slide 11: Latest Twin Hill Drilling Highlights

    Latest Twin Hill Drilling Highlights  Twin Hills Project  Drilling targeting extensions and improved resource confidence  Recent drill results 1 From To Interval Drill Hole ^ Au (g/t) Ag (g/t) Au g*m ^^ (m) (m) (m) 309DD22001 69.0 231.0 162.0 2.65 7.03 429 309DD22007 47.0 233.0 186.0 1.77 3.43 32

  12. Slide 12: Twin Hills - 309 2022 Drill Program – Holes 1-3

    Twin Hills - 309 2022 Drill Program – Holes 1-3 A A’ 38.1 m @ 0.72 g/t Au 49 m @ 0.42 g/t Au 1200Z 148 m @ 1.11 g/t Au, inc. 6 m @ 3.21 g/t Au, and 15 m @ 3.96 g/t Au 79 m @ 1.09 g/t Au, inc. 162 m @ 2.65 g/t Au 7 m @ 4.41 g/t Au (Proj. to surface) 8 m @ 5.76 g/t Au, inc. 2 m @ 21.75 g/t Au 162 m @

  13. Slide 13: Twin Hills - 309 2022 Drill Program – Holes 4 and 5

    Twin Hills - 309 2022 Drill Program – Holes 4 and 5 D D’ New mineralisation outside of current resource  Open to west and up dip 49 m @ 5.18 g/t Au (Proj. to surface) New mineralisation outside of current resource 49 m @ 5.18 g/t Au, inc. 2 m @ 66.19 g/t Au 9 m @ 5.07 g/t Au 4 m @ 11.73 g/t Au 1000

  14. Slide 14: Twin Hills Expansion and Regional Exploration Opportunities

    Twin Hills Expansion and Regional Exploration Opportunities Lone Sister Cross Section B-B’ (7568180N) Lone Sister Cross Section C-C’ (7568300N) Interpreted Lithology with Length Weighted Au g/t Intersections Interpreted Lithology with Length Weighted Au g/t Intersections (Looking North +/- 20 m wind

  15. Slide 15: Twin Hills Resource Expansion and Regional Exploration Opportunities

    Twin Hills Resource Expansion and Regional Exploration Opportunities 309 Lone Sister Southern Sister Entrance Portal to 309 Underground Mine, September 2020 QXR EPM Big Red Veining 2  The Twin Hills area is very flat with limited outcrop. It remains poorly explored due to thickness of cover and lac

  16. Slide 16: Yandan Resource Expansion and Regional Exploration Opportunities

    Yandan Resource Expansion and Regional Exploration Opportunities Legend  Initial drill program completed at Yandan - August 20213 Northeast Ridge Drill Trace Au g/t Sinter Hill • Mineral Resource estimate being updated (Yandan, along with Main Golden Eye Pit and Illamahta) East Hill and South Hill

  17. Slide 17: Mt Coolon Resource Expansion and Regional Exploration Opportunities

    Mt Coolon Resource Expansion and Regional Exploration Opportunities Tertiary to Quaternary  JORC resources 330 koz Au at Koala and Eugenia Cover Eugenia 3.43 Mt @ 1.1 g/t Au3  Targeting Glen Eva – Eastern Siliceous Trend with GBM Tenement Boundary Previous gradient array surveys strong IP anomalie

  18. Slide 18: Mt Coolon Glen Eva Comparison to Pajingo Trend

    Mt Coolon Glen Eva Comparison to Pajingo Trend Glen Eva Pit GBM 2020 drill hole Strong chargeability anomalies suggest possible Yandan style Historic production est. 37,200 oz Au 13.4 m wide vein (down hole) silica-pyrite alteration +/- mineralization. Targets largely concealed GBM JORC 2021 resourc

  19. Slide 19: Malmsbury Gold Project

    Malmsbury Gold Project Malmsbury Gold Project Historic GBM drilling at Malmsbury, 2010

  20. Slide 20: Our Business – Malmsbury JV

    Our Business – Malmsbury JV  Prospective “Fosterville style” gold target Victorian DRUMMOND goldfield CLONCURRY JV BASIN  Novo Res. partner funded exploration ~$2.0 M planned for 2022 Mine MT MORGAN Priority Project with Initial Resource Malmsbury JV (50%, with Novo Resources Corp. 50%) Key Explor

  21. Slide 21: Malmsbury: Fosterville style Gold Project Joint Venture with Novo Resources Corp.

    Malmsbury: Fosterville style Gold Project Joint Venture with Novo Resources Corp. Stawell Bendigo Zone2,3 Melbourne Zone2,3 Tabberabbera Zone2,3 60 Moz Au 4.3 Moz Au Zone2,3 6 Moz Au 2.9 Moz Au  Targeting Fosterville style high grade gold Central Victorian New South Wales Goldfields Catalyst Metals

  22. Slide 22: Malmsbury – Recent Drill Results

    Malmsbury – Recent Drill Results Results to date Belltopper Drilling RL006587 Bell Topper Hill Belltopper Hill >20 koz @ +50g/t Au Drummond North 77,500 oz Au at +18 g/t Au 1. GBM ASX Announcement, 11 May 2022 Malmsbury Gold Project Intersects High Grade Zones 22

  23. Slide 23: Malmsbury – Recent Drill Results

    Malmsbury – Recent Drill Results Leven Star Resource  820 kt at 4.0 g/t Au (2.5 g/t Au Cut- off), for a total of 104 koz Au  Drilling extends mineralisation / intersects new splays at Leven Star  10 m @ 4.9 g/t Au from 173 m  New wide intercepts from Missing Link  9.1 m @ 2.4 g/t Au from 65.4 m

  24. Slide 24: Malmsbury – Recent Drill Results

    Malmsbury – Recent Drill Results High-grade Zone  High grades intersected in the Leven Leven Star Main Reef Star Main Reef indicate potential 25-30 m wide zone New Leven Star Splay  New interpreted splay zone indicates a new high grade vein structure.  Intersection between splay and main reef  t

  25. Slide 25: Summary – Catalysts

    Summary – Catalysts 1 Focused Board and management with international experience and discovery track record 2 Cash/Receivables/Marketable Securities of approx. A$2.8 million (including shares ~$1.8 million) 3 ~1.6 Moz resource base at Flagship Drummond Basin Gold-Silver Project - Great Start, more t

  26. Slide 26: Contact

    Contact Peter Rohner Managing Director GBM Resources +61417780462 Level 5, Suite 502 303 Coronation Drive Milton QLD 4064 www.gbmr.com.au ASX: GBZ

  27. Slide 27: Appendix

    Appendix

  28. Slide 28: Mt Coolon Glen Eva – 2021 Drilling

    Mt Coolon Glen Eva – 2021 Drilling  Best hole was 21GEDD017 returning 14.6 m @ 1.15 g/t Au within a 57 m Photos of drill core from 21GEDD017. (A) Part of the 57 m wide vein zone from 185.5 m to wide zone of intense epithermal veining that includes high level 203 m. Depth increases from left to righ

  29. Slide 29: A team with a proven track record

    A team with a proven track record Peter Mullens, Executive Chairman  Geologist (BSc, FAusIMM) with 37 years’ international experience in mine and exploration geology  17 years in Director / officer roles in public and private resources companies  Lydian Resources (TSX:LYD); Laramide Resources (TS

  30. Slide 30: Mineral Resource Estimates

    Mineral Resource Estimates Resource Category Total Cut-off Deposit 000' t Measured Au g/t Au oz 000' t Indicated Au g/t Au oz 000' t Inferred Au g/t Au oz 000' t Au g/t Au oz The announcements containing the Table 1 Checklists of Assessment and Koala Reporting Criteria relating to the 2012 JORC comp

  31. Slide 31: White Dam Gold-Copper Heap Leach Operation

    White Dam Gold-Copper Heap Leach Operation

  32. Slide 32: Our Business – White Dam

    Our Business – White Dam  Generating Cashflow but will decline until possible next mining phase  Resource drill out completed, updated mineral CLONCURRY JV resource estimate being finalised DRUMMOND BASIN  Further mining options and value adding options being MT MORGAN Mine reviewed Priority Proj

  33. Slide 33: White Dam Gold Copper Heap Leach Operation

    White Dam Gold Copper Heap Leach Operation Cash flow from gold-copper production GBM White Dam Gold Resource – JORC 2012 1  Significant Project assets White Dam North Resource Outline  Existing resources 1.2 Mt at 0.5 g/t Au for 20.3 koz Au  Pads and operating gold plant  Significant tenement po

  34. Slide 34: Other Assets – Cloncurry JV

    Other Assets – Cloncurry JV  High potential copper-gold ground in NW Qld mineral province CLONCURRY  JV partner Nippon Mining funding exploration JV DRUMMOND BASIN ~$0.9 M in 2022. Mine MT MORGAN Priority Project with Initial Resource Key Exploration Cloncurry JV (46%, with Nippon Mining 54%) Proj

  35. Slide 35: Cloncurry Copper-Gold JV

    Cloncurry Copper-Gold JV Planned 2021/22 exploration focus just north of Ernest Henry

  36. Slide 36: Other Assets – Mt Morgan

    Other Assets – Mt Morgan  High potential gold-copper tenements (1,017 km2) surrounding the world class historic Mt CLONCURRY JV Morgan mine (7.7 Moz gold and 361 kt copper) DRUMMOND BASIN  LOI to vend project out to TSXV listed Mine company – Smartset 1, definitive agreements MT Priority Project w

  37. Slide 37: Mt Morgan – District Scale Gold Copper Exploration Opportunity

    Mt Morgan – District Scale Gold Copper Exploration Opportunity • World class gold and copper district hosting the Mt Morgan Mine, which produced 50 Mt of ore containing 7.6 Moz Au and 360 kt Cu1 • Smartset will control 97,500 Ha (975 km2) of claims (EPM, EPMA, MDLA) surrounding the Mt Morgan mining

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