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GBM Resources

Sep 17, 2021
Brightlands Milo project in $2m sale proposal

Brightlands Milo project in $2m sale proposal

GBM Resources is selling its Brightlands Milo project in North-West Queensland to a Canadian company for more than $2 million in cash and shares. The Iron Oxide Copper-Gold (IOCG) uranium and rare earth elements project includes an inferred resource at Milo of 88 Mt containing 97,000 tonnes of copper and 14 million lbs of uranium… This content is for iQ Industry Queensland, iQ Coal, iQ Civi...

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Sep 15, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates on QCoal, Sunshine Gold, ActiveEx, QAL, Castillo Copper, GBM Resources and more in this week’s exploration, mining and processing briefs. GBM boosts coffers for gold development GBM Resources is raising $7 million in a share placement to drive its Drummond Basin gold development forward. The company said funds raised would be used to fund… This content is for iQ Industry Queensland,...

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Sep 01, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates on Black Rock, Mount Flora, Horn Island gold and more in this week’s exploration, mining and processing briefs. Black Rock drilling productivity on upward trend Contractor Pybar reports month-on-month improvements in drilling productivity at Glencore’s Black Rock project in Mount Isa since it brought in a Sandvik DL432i longhole drill in October. The fully… This content is for...

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Aug 26, 2021
Boadicea marches on Drummond Basin  ground

Boadicea marches on Drummond Basin ground

Boadicea Resources is expanding its profile in the gold-rich Drummond Basin with an application completed for a new exploration tenement known as Mount Carmel. The company said the application covered 118sq km of a highly anomalous magnetic feature just north-east of its Clarke Reward prospect. “Following the recent analysis of the geophysical data for our… This content is for iQ Industry Q...

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Aug 16, 2021
Exploration, drilling and investment news briefs

Exploration, drilling and investment news briefs

Updates from Alice Queen, QMines, GBM Resources, Zenith Minerals, R3D Resources, Mitchell Services and Carnaby Resources in this week’s exploration, drilling and investment news briefs. Alice Queen gets drill bit spinning on Horn Island Alice Queen is undertaking a 49-hole RC drilling program near the historical gold mine on Horn Island in the Torres Strait…. This content is for iQ Industry...

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Jul 19, 2021
GBM seals deal on Twin Hills gold project

GBM seals deal on Twin Hills gold project

GBM Resources is moving further towards its goal of becoming a mid-tier Australian gold company with what it describes as the transformational acquisition of the Twin Hills project in North Queensland. GBM has has signed a binding tenement sale agreement to acquire the project from a subsidiary of Pajingo mine owner Minjar Gold. “This transformational… This content is for iQ Industry ...

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Jul 14, 2021
Budget approved for Cloncurry exploration

Budget approved for Cloncurry exploration

GBM Resources says an exploration budget of $750,000 has been approved for its Cloncurry farm-in projects, with field work expected to commence in the next quarter. The joint venture partners are targeting copper and gold in the region north of Glencore’s Ernest Henry Mine, including the Mount Margaret and Bungalien projects. Nippon Mining of Australia,… This content is for iQ Industry Quee...

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Jun 18, 2021
GBM Mount Morgan project to change hands

GBM Mount Morgan project to change hands

GBM Resources is moving to sell its Mount Morgan gold-copper project as a ‘non-core asset’, while it continues its focus on its flagship Drummond Basin gold hub. It has reached an agreement which would see it vend the 930sq km parcel of Mount Morgan tenements into TSXV-listed company Smartset Services in exchange for 20,079,545 shares… This content is for iQ Industry Queensland,...

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Jun 16, 2021
Exploration, mining and processing briefs

Exploration, mining and processing briefs

Updates on Central Petroleum, GBM Resources, Metro Mining and more in this week’s exploration, mining and processing briefs. Metro continues funding talks Cape York bauxite miner Metro Mining is continuing negotiations with lenders for a bridging loan to overcome a cash flow crisis. The company, which owns and operates the Bauxite Hills mine, initially requested… This content is for iQ Indu...

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