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GBM Resources Limited ( (AU:GBZ) ) has provided an update.
GBM Resources Limited announced significant assay results from its first drilling program at the Lone Sister deposit, part of the Twin Hills Gold Project. The drilling revealed high-grade mineralisation outside the existing Mineral Resource Estimate, identifying new geological structures and styles of mineralisation. These findings are expected to enhance the company’s understanding of the deposit and inform future resource growth strategies.
The most recent analyst rating on (AU:GBZ) 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:GBZ Stock Forecast page.
More about GBM Resources Limited
GBM Resources Limited is a company operating in the mining industry, primarily focused on gold exploration and development. The company is engaged in expanding its resource base at the Twin Hills Gold Project in the Drummond Basin, Queensland, with a market focus on high-grade gold mineralisation.
Average Trading Volume: 15,983,519
Technical Sentiment Signal: Hold
Current Market Cap: A$175.6M
For a thorough assessment of GBZ stock, go to TipRanks’ Stock Analysis page.