GBM Resources Hits High-Grade Gold at Twin Hills and Bolsters Balance Sheet

GBM Resources Limited ( (AU:GBM) ) has provided an update.

GBM Resources reported strong drilling results for the December 2025 quarter at its Twin Hills Gold Project in Queensland, where Stage 1 drilling at the 309 and Lone Sister deposits intersected broad zones of high-grade gold mineralisation outside the current roughly 1-million-ounce resource. The program has significantly improved the geological and structural understanding of the epithermal system, providing vectors to deeper feeder-zone targets, with further assays pending, an accelerated Stage 2 drilling campaign set to begin shortly, and technical oversight from specialist Greg Corbett. In parallel, the company advanced its non-core asset divestment strategy by completing the sale of the White Dam project to Pacgold and the Cloncurry project to Evolution Mining for a mix of cash and Pacgold shares, and bolstered its balance sheet via a A$40 million placement to institutional and sophisticated investors, strengthening funding for its Twin Hills growth plans.

The most recent analyst rating on (AU:GBM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on GBM Resources Limited stock, see the AU:GBM Stock Forecast page.

More about GBM Resources Limited

GBM Resources Limited is an Australia-based gold exploration and development company focused on its Drummond Basin assets in Queensland, which host approximately 1.84 million ounces of mineral resources. The company’s core project is the Twin Hills Gold Project, targeting epithermal gold deposits at the 309 and Lone Sister deposits, while it rationalises its portfolio through divestment of non-core assets.

Average Trading Volume: 10,291,671

Technical Sentiment Signal: Hold

Current Market Cap: A$192.4M

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