GBM Resources Limited · ASX:GBM
GBM Resources — Investor Presentation (August 2011)
24 slides from GBM Resources's investor presentation, August 2011
Slide 1: August 2011 Company Presentation
August 2011 ASX: GBZ, GBZOA gbm
Slide 2: Disclaimer
gbm 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 accuracy, reli
Slide 3: Capital Structure and Board of Directors
gbm Capital Structure (ASX: GBZ) Board of Directors Ordinary shares 219 m Peter Thompson Chairman & Managing Director Listed 20 cent Options 114 m Cameron Switzer Non-Executive Director Expiring 30/06/13 Neil Norris Exploration Director Market Capitalisation @ 10 c A$21.9m Cash A$ 4.2 m Major Shareh
Slide 4: Project portfolio map
gbm Drummond Region Priority Project Diamond Creek Project 241.9 sq km (granted) Brightlands Cu Au Mount Isa Region Proserpine Region Mt Isa Inlier Mount Morgan area Eastern Succession 503.2 sq km (granted) 1382 sq km (granted) 490.7 sq km 1846 sq km (application ) Potential for Discovery (applica
Slide 5: gbm
gbm
Slide 6: Brightlands IOCG targets
gbm Grid Projection with MGA94Zone54 Focus on IOCG style systems Map Inset 105KM 50 Targets on TALWANTA/ GRASSY BORE Brightlands alone Multiple IOCG targets in Cloncurry Region Part of the prolific NW Queensland Mineral Province
Slide 7: Massive breccia outcrop - Milo
gbm Massive breccia outcrop-Milo
Slide 8: Milo IOCG system exploration target
gbm Milo grid Projection with MGA94Zone54 Large Breccia Hosted Poly – Metallic Milo West IOCG System. Valuable metals Cu Au Ag Co Mo U Initial Exploration Target of 30-80 million tonnes grading 0.8-1.2% Cu Eq Only drilled 7,500 m on a 2km mineralised system. Milo Significant Rare Earth Eleme
Slide 9: Milo long projection copper intercepts
gbm Large Breccia S N hosted IOCG MIL007 82m@1.16 System (incl. 43m@1.49) 12of 18 holes drilled with Cu Eq > 0.8% MIL008 BTD024 12m@1.5 106.6m@0.8 BTD025 (Incl. 9m@1.37 & Number of 86m@0.8 (incl.37m@1.1 & 9m@1.1) (incl, 27m@1.2 & 17m @0.73) broad zones of 18m@1.3) copper mineralisaton 500m M
Slide 10: Rare earth mineralisation at Milo
gbm Widespread REEY mineralsiation in S N large breccia hosted IOCG System Very broad intersections of Total Rare Earth and Yttrium oxides Strong potential moving North & South Dominant elements- Lanthanum,Neodymi um,Cerium &Yttrium Re testing drill hole Long Projection data
Slide 11: Milo plan projection
gbm Large mineralised system System is open both north and south High potential to increase target size Plan Projection gbm
Slide 12: Preliminary metallurgical flow sheet
gbm Reclaimed Stockpiled Ore Crushing & Grinding Regrind +24% Copper Cu/Mo Roughing Cleaning Concentrate Cleaner Tail (Pyrite Molybdenum Rich) +/- Cobalt Concentrates Gold rich Pyrite Pyrite Roughing CIL Gold/Silver Loaded Carbon Recovery Regrind Oxidant + Acid Uranium Uranium Leaching Product Cyani
Slide 13: Next steps at Milo
gbm Complete the Preliminary Metallurgical Flow sheet for metal recoveries. Complete the re assaying for Rare earth elements to determine the extent of this mineralisation. Complete the preliminary Metallurgical test work on the rare earth mineralisation. Plan to recommence drilling in Septe
Slide 14: Pan Pacific Copper / Mitsui JV
gbm Partner’s Interest - Pan Pacific Copper 75% and Mitsui & Co 25% Major global companies ‘Copper under cover’. Big targets, require big budgets Spend $15m over 6 years earn 51% Spend $1.03m for each 1% increment up to $40m Budget spend this year approx $3.om WGS84
Slide 15: JV drilling programs
gbm S . Diamond drilling and geophysics in progress at Bronzewing. Drilling to be completed on all 4 Project areas that include Grassy/Talawanta, Mount Margaret, Bungalien and Chumvale this year.
Slide 16: Phosphate JV with Swift Venture Holdings
gbm JV with Singapore –based investor BUNGALIEN Swift Venture Holdings ( SVH) Projects contained within the phosphate – rich Beetle Creek Formation. TREKELANO HORSECREEK SVH can elect to acquire a 70% interest in the phosphate assets and fund all future exploration TICK HILL LIMESTONE expendit
Slide 17: Exploration program results pending
gbm $280k exploration program completed 26 RC holes for a total of 1436 metres Results pending Middle Cambrian Lower
Slide 18: Gold Projects
Gold Projects
Slide 19: Malmsbury inferred resource
gbm Current inferred resource on this prospect is 104,000 ounces. Deposit is open at strike and depth.
Slide 20: Mt Isa copper-gold prospects
gbm Mt Gordon •porphyry Cu-Au-Mo •23.0m @ 0.3% Cu, 0.2 g/t Au •4km magnetic low Kyle Mohr Ulam •Intrusive hosted •Extensive workings on shears •Au in stockwork and veins •Zonation toward magnetic low •Restricted exploration Smelter Return •300x400 skarn identified •Shallow drilling only •8m @ 0.3%Cu
Slide 21: Work program 2H 2011 and 2012
gbm 2H 2011 2012 Brightlands IOCG Project Preliminary Milo IOCG Discovery Drilling, assaying and Feasibility test work Other prospects Field work Field work Pan Pacific Mitsui Farm in Agreement Drilling geochemistry Drilling & Spend & geophysics geophysics Gold Assets Field work / Drilling Drill
Slide 22: Summary highlights
gbm $6-7m exploration spend ( includes JV spend) High potential for Milo to be develop as a large economic poly-metallic IOCG discovery at Brightlands. Rare earths potential value- under write Milo’s development. High potential for discovery on JV IOCG ground - 4 projects areas being advanced
Slide 23: www.gbm.com.au
www.gbm.com.au
Slide 24: Copper equivalent and sampling notes
gbm *1Copper Equivalent calculation represents the total metal value for each metal, multiplied by the conversion factor, summed and expressed in equivalent copper percentage. These results are exploration results only and no allowance is made for recovery losses that may occur should mining event