GBM Resources Advances Exploration and Asset Transactions in Q1 2025

An announcement from GBM Resources Limited ( (AU:GBZ) ) is now available.

GBM Resources Limited has released its quarterly activities report for the period ending March 31, 2025, highlighting significant developments across its projects. The company has engaged expert geophysicist David McInnes to enhance exploration efforts in the Drummond Basin, and discussions are ongoing to finalize the Twin Hills farm-in transaction. A sale agreement for the Mount Morgan asset has been executed with Lithium Energy Limited, involving cash payments and contingent milestones. Additionally, GBM is advancing its Mt Coolon Gold Project with Newmont, which has completed its minimum commitment under a farm-in agreement. The Cloncurry Copper Gold Project remains fully owned by GBM after Nippon Mining of Australia withdrew from a previous agreement, and GBM is considering proposals for its sale.

More about GBM Resources Limited

GBM Resources Limited is a company operating in the mining industry, focusing on the exploration and development of gold and copper-gold projects. The company is actively engaged in projects such as Yandan, Twin Hills, and Cloncurry Copper Gold Project, with a market focus on expanding its resource base and exploring new mineralization zones.

Technical Sentiment Signal: Buy

Current Market Cap: A$10.54M

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