GBM Resources Limited · ASX:GBM
GBM Resources — Australia Gold Conference 2023
24 slides from GBM Resources's conference presentation, Aug 30, 2023
Slide 1: Australia Gold Conference 2023 Presentation
Australia Gold Conference 2023 Presentation ASX:GBZ 30 August 2023
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
Slide 3: Our Business – Focus on Drummond Basin
Our Business – Focus on Drummond Basin Focus on discovering 100% owned, quality gold ounces at core Drummond Basin projects - Twin Hills and Yandan • Expand the current GBM 1.84 Moz Au resource base1 2 to 3 Moz Au • Prioritise targets with potential to deliver high grade ounces +2.0 g/t Au open
Slide 4: GBM is targeting 3 Moz Gold Resource in Drummond Basin
GBM is targeting 3 Moz Gold Resource in Drummond Basin Currently 1.84 Moz Au Resources Twin Hills → 1 Moz of resources with potential opportunity for open pit mining Excellent potential for significant discovery Entrance Portal to 309 Underground Mine, September 2020
Slide 5: GBM - Drummond Basin Core Exploration Projects
GBM - Drummond Basin Core Exploration Projects Townsville Mt Wright 70 km Charters Towers Hadleigh Castle 0.7 Moz Au 1.0 Moz Au Key reasons that GBM is in Drummond Basin, Queensland, Australia Charters Towers 7.1 Moz Au Ravenswood 8.6 Moz Au Mt Carlton Significant history of resource discovery in
Slide 6: GBM’s Drummond Resource Base
GBM’s Drummond Resource Base Target 2020 targeted +1 Moz resource base 2023 delivered 1.84 Moz with 300% increase MEA+ IND Target33Moz Moz 90% of resource ounces on permitted mining leases for potential Additi accelerated development onal 1- Higher grade Measured + Indicated + Inferred core to r
Slide 7: GBM - Newcrest Mt Coolon Farm-in
GBM - Newcrest Mt Coolon Farm-in Accelerates exploration of prospective large Drummond tenement package Significant exploration spend on Mt Coolon farm-in by Tier 1 gold producer Newcrest Mt Coolon Farm-in Resource: 330 koz Au1,2 Allow GBM to focus $ and exploration team on Twin Hill and Yanda
Slide 8: GBM - Newcrest Mt Coolon Farm-in
GBM - Newcrest Mt Coolon Farm-in Newcrest Mt Coolon Farm-in Resource: 330 koz Au1,2 Legend Yandan Project GBM EPM granted 100% GBM Newcrest Mining Resource: 514 koz Au4 Farm-in GBM focused Yandan exploration projects Eugenia Newcrest focused exploration projects Koala Glen Eva Epithermal prospects I
Slide 9: GBM Twin Hills - District Scale Exploration
GBM Twin Hills - District Scale Exploration Historic Soils Au ppb 1.0 Moz Au and 4.8 Moz Ag in M + Ind + Inf resources > 50 25-50 Bullock Creek 10-25 All on permitted mining lease 5-10 Hill 253 3-5 Priority resource extension and near resource exploration targets Large underexplored prospect
Slide 10: GBM Twin Hills – Resources and Priority Exploration Targets
GBM Twin Hills – Resources and Priority Exploration Targets Geology Late Carboniferous Twin Hills Corridor – 10 km Corridor Post mineral cover 309 Deposit and intrusives Priority resource extension and near resource exploration drill targets 10.6 Mt @ 1.5 g/t Au Late Devonian for 0.52 Moz Au1 Ta
Slide 11: GBM Twin Hills - 309 Trend Drill Targets
GBM Twin Hills - 309 Trend Drill Targets 309 Deposit NW 309 Trend – Compelling Coreshed and 309 South drill targets 10.6 Mt @ 1.5 g/t Au for 0.52 Moz Au1 Section: 309 Trend 1.8 km NNW Resistivity Trend parallel to key fault orientation 309 high grade 309 high grade Coreshed 309 South Open down plu
Slide 12: GBM Twin Hills - 309 Deposit High Grade Down Plunge Targets
GBM Twin Hills - 309 Deposit High Grade Down Plunge Targets 309 Plan View with block model 309 Cross Section (Looking north northeast with 50 m towards and away) Bulk mineable configuration and gold W E grades High grade eruption High grade stage with visible gold breccia 40 to 50 m wide + 4 g/t
Slide 13: GBM Twin Hills - Lone Sister Deposit
GBM Twin Hills - Lone Sister Deposit High Grade down plunge and along strike target Lone Sister Plan View with block model 2022 Resource Historic Soils Au ppb Lone Sister Long Section Block Model Au g/t > 5.0 > 50 (Looking east with 50 m towards and away) Bulk mineable configuration 2.5 to 5.0 25-5
Slide 14: GBM Yandan – District Scale Potential
GBM Yandan – District Scale Potential 515 koz Au (Ind + Inf) Yandan resources Kroman Most on permitted mining lease Yandan new priority conceptual high-grade feeder zone target Whiteglow Large underexplored prospective district scale tenement package with 11 known gold Hercules systems Firef
Slide 15: GBM Yandan - New Geology Model with High Grade Target Concept
GBM Yandan - New Geology Model with High Grade Target Concept Yandan Schematic Deposit Model S Yandan East Hill Cross Section (viewing west) N 200 mRL Increasing grade Higher grade gold intersections at base of resource 43.7 m at 13.9 g/t Au best intersection 0.3 m @ 278 g/t Au 100 mRL Andesite Vo
Slide 16: GBM Yandan - Yandan Main and East Hill High-grade Feeder Zone Target
GBM Yandan - Yandan Main and East Hill High-grade Feeder Zone Target Waihi Gold Mine – Favona Deposit Compelling conceptual high grade fissure vein target Targeting high grade Metamorphic 1.8 Mt at 10.3 g/t Au for fissure vein mineralisation Basement 0.57 Moz Au2 New geological interpretation su
Slide 17: GBM Yandan - Illamahta Large scale underexplored epithermal gold system
GBM Yandan - Illamahta Large scale underexplored epithermal gold system Illamahta Gold Prospect Plan View East Hill Main Pit 2.2 Mt @ 0.8 g/t Au (Inf resource) 1 Metamorphic No Drilling Basement Target zone Strong Yandan analogy South Hill Yandan +0.5 g/t Au Attractive very under explored expl
Slide 18: GBM Yandan West Large scale underexplored gold systems
GBM Yandan West Large scale underexplored gold systems Maps showing (A) soil anomalies > 5 ppb Au across the Yandan Project overlain on magnetics (RTP). Coverage of soil samples is also shown with just 8% of the project covered by soil sampling. (B) Gold in soil (ppb) overlain on magnetics (RTP) a
Slide 19: Cloncurry JV
Cloncurry JV Tier 1 Partner – Nippon Mining Australia (JX Metals Corp) – 56%, GBM 44% Exploration funded to ~ $1m /year Targeting IOCG and ISCG deposits near Ernest Henry Mine April 23 drill hole intersected a major new shear zone and broad base metal mineralisation at the FC4 Prospect, Mt Mar
Slide 20: White Dam Copper Gold Heap Leach
White Dam Copper Gold Heap Leach GBM White Dam Gold Resource – JORC 2012 Small producing gold project Resources attractive for a new mining campaign 102 koz gold JORC resource 1 White Dam North Recently announced Alliance with Portia Gold mine 2 Resource Outline 1.2 Mt @ 0.5 g/t Au Initial tri
Slide 21: Value Proposition
Value Proposition Assets Cash & Receivables (Bullion and Concentrate) ~$2.3m 30 June 2023 ~$10m in cash environmental bonds, now earning material interest Listed Scrip (C29, Novo) - $1.1m - backing for Convertible Note Royalties – Malmsbury and Havilah Projects Debt Convertible Note (Net D
Slide 22: Appendices
Appendices 22
Slide 23: A team with a proven track record
A team with a proven track record Peter Rohner, Managing Director Metallurgist (BSc, Grad. Dip Applied Finance) with 35 years’ project development and metallurgical plant operations experience 14 years in Director / officer roles in public and private resources companies Founder and Technical
Slide 24: Mineral Resource Estimates
Mineral Resource Estimates The announcements containing the Table 1 Checklists of Assessment and Reporting Criteria relating to the 2012 JORC compliant Resources are: Koala/Glen Eva and Eugenia – GBM ASX Announcement, 4 December 2017, Mt Coolon Gold Project Scoping Study, note these resources have