GBM Resources (GBM) Noosa Mining Conference 2026 summary

Strategic asset overview

• Three main tenement packages in Queensland's Drummond Basin, a region with high gold endowment, have been consolidated for exploration and development.

• Key assets include Mount Coolon, Yandan, and Twin Hills, with Twin Hills and Yandan each holding approximately half a million ounces of gold resources.

• The business was recently recapitalized, with new board leadership and major shareholders, enabling a renewed exploration and development strategy.

Exploration and drilling progress

• Extensive drilling programs at Twin Hills have targeted resource expansion and high-grade continuity, with 23,000 m drilled and significant assays pending.

• Notable intercepts include 37 m at 5 g/t and 35 m at 2.3 g/t at the 309 deposit, and 16 m at 5.5 g/t at Lone Sister, demonstrating potential for resource growth.

• Geological reinterpretation identified a milled matrix breccia as the main host, leading to deeper drilling and new exploration targets.

Resource growth and prospectivity

• Twin Hills and Lone Sister deposits are open pitable, shallow, and show potential for increased average grades through infill drilling.

• Numerous geophysical and geochemical anomalies remain untested, including corridors between major deposits and new prospects like Power Line and Illamahta.

• Yandan's East Hill deposit contains a high-grade core of 200,000 oz at just under 6 g/t, with ongoing drilling to expand resources.