GBM Resources Ramps Up Twin Hills Drilling After High-Grade Gold Hits

GBM Resources Limited ( (AU:GBM) ) just unveiled an announcement.

GBM Resources has reported a strong March 2026 quarter, highlighted by outstanding drilling results from its Twin Hills Gold Project in Queensland and the completion of a successful Stage 1 program at the 309 and Lone Sister deposits. The company has also strengthened its technical understanding of the mineralisation, completed geophysical surveys over Twin Hills and Yandan, and ended the quarter in a robust financial position with significant cash, listed investments and no debt.

Stage 1 drilling delivered high-grade gold intersections outside the existing mineral resource estimate, confirming the continuity and growth potential of mineralisation and enabling GBM to launch an aggressive 50,000m Stage 2 drilling campaign. With three rigs operating, early Stage 2 assays already returning strong grades, and structural modelling pointing to deeper feeder zones, GBM is positioning Twin Hills for a material resource upgrade that could accelerate development timelines and enhance value for stakeholders.

The most recent analyst rating on (AU:GBM) stock is a Buy with a A$0.09 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 Australian gold exploration and development company focused on expanding its mineral resources in the Drummond Basin in Queensland. Its primary assets include the Twin Hills Gold Project and associated deposits such as 309 and Lone Sister, where the company is targeting substantial growth in gold resources to underpin future project development.

Average Trading Volume: 12,152,804

Technical Sentiment Signal: Sell

Current Market Cap: A$142.3M

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