Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
An announcement from GBM Resources Limited ( (AU:GBZ) ) is now available.
GBM Resources Limited released its quarterly activities report for the period ending 31 December 2024, detailing significant progress across its various projects. The company is advancing exploration efforts in the Drummond Basin, targeting high-grade gold zones and preparing for extensive field work. At the Mt Coolon Gold Project, a farm-in agreement with Newmont has led to successful drilling and a significant investment. Corporate developments include a farm-in deal for the Twin Hills Project and strategic appointments to bolster exploration leadership. Positive cash flow was generated from gold sales at the White Dam Gold Project, while divestment discussions continue. GBM also regained full ownership of the Cloncurry Copper Gold Project following a partner withdrawal. Safety and environmental standards remain exemplary, with no incidents reported.
More about GBM Resources Limited
GBM Resources Limited is an exploration company operating in the mining industry, focusing primarily on the discovery and development of gold and copper resources. The company is actively involved in exploration projects across Queensland and South Australia, with a particular emphasis on expanding its gold resource base and unlocking new exploration targets.
Average Trading Volume: 8,405,592
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$10.54M
For detailed information about GBZ stock, go to TipRanks’ Stock Analysis page.
