GBM Resources is a precious metals explorer advancing a portfolio of gold projects in Queensland’s Drummond Basin. Its assets collectively host an estimated 1.84 million ounces of gold, with the Twin Hills and Yandan deposits accounting for roughly 1.5 million ounces. The company’s core activity is systematic exploration and resource expansion aimed at unlocking the full potential of these deposits and surrounding regional targets. Recent fundraising has strengthened the balance sheet, enabling accelerated drilling, resource growth, and development studies. Management intends to deploy the new capital alongside existing cash to broaden exploration, progress development work, and pursue business development initiatives. The placement price of A$0.053 per share represented a 3.6% discount to the last close and a 4.7% discount to the 10-day VWAP, indicating strong market support despite the modest discount.

Total raised

$26M

Funding rounds

1

Latest round

Equity

Latest activity

Oct 2025