Sustainable Development


GBM is committed to safe and responsible development of Australia’s mineral resources.
GBM moved quickly after listing on the ASX in October 2007 to establish a working environment and culture that places the safety of all as the number one priority. Supporting key policies, the company has established an Occupational Health and safety Management plan and a range of management standards and operating procedures. These will be reviewed by staff and management as part of a process of continuous improvement in all aspects of the company’s operations.
GBM is encouraging a culture of awareness and respect for the environments in which we operate. Exploration activities include assessment of each site with all practicable measures taken to minimise any environmental impacts, and to implement rehabilitation in a timely manner.
During the year GBM became a member of the Mining Council of Australia (MCA), actively participating in the activities of the Victorian Branch. GBM is a signatory to the MCA’s Enduring Value, the Australian Minerals Industry framework for sustainable development.
Key achievements in our first year of operation were;
  • Adoption of key policies (Occupational Health and Safety Policy, Fit for Work Policy and Occupational Rehabilitation Policy).
  • Establishment of a safety management system including adoption of Safety Management Plan and Management Standards.
  • One LTI was sustained on our sites though out the year, however GBM has a target of zero injuries.
  • 100% of all drill sites have been rehabilitated satisfactorily
  • Zero significant environmental incidents.
GBM is committed to establishing a culture of understanding and respect for the communities in which we work. To this end consultation was conducted with our neighbours and is considered a key part of doing business. Periodic information updates are provided to all stakeholders.
Diamond drilling in progress

Same drill site rehabilitated

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Latest News

GBM Acquires The Twin Hills Gold Project
• Binding Heads of Agreement signed with Minjar Gold Pty Ltd1 to acquire 100% interest in Twin Hills Gold Project proximate to GBM’s Mt Coolon Gold Project.
• Acquisition cost is $1.5m on a deferred settlement basis and the issue of 50m ordinary fully paid shares in the Company
• The acquisition further underwrites the development of the Mt Coolon Gold Project, potentially doubling its resource base and adding significant exploration potential.
• The Twin Hill Gold Project published inferred resource is estimated
at 398,000 ounces2 Executive
22 December 2017
Non Binding Ore Purchase Term Sheet With Pajingo Gold Mine
• GBM will sell its Mt Coolon high grade Glen Eva and Koala resources over a 2.5 year period.
• Mining is planned to commence in the September quarter 2018.
• GBM will mine and transport the material to the Pajingo Gold Mine and Pajingo will batch process.
• The commercial terms are based on open book approach and the nett proceeds from gold sales will be allocated 50:50 to the parties.
• This opportunity with Minjar1 can transform GBM from a capital dependent Company to cash flow generating.
19 December 2017
Mt Coolon Gold Project Scoping Study
Scoping Study Demonstrates the Potential Economic Viability of Recommencing the Mount Coolon Gold Project, Queensland
4 December 2017

Latest Reports

Report for the Quarter ended 30th September 2017
- Mount Coolon Gold Project
The Company has engaged Mining One Consultants to complete a scoping study in conjunction with a range of other specialists, on the Mount Coolon Gold Project.
23 October 2017
Annual Report
Dear Fellow Shareholders
GBM Resources continues to actively pursue its key objective of developing
and extending the known resources within the Company’s highly
prospective tenement holding in the Drummond Basin, Queensland.
6 October 2017
Report for the Quarter Ended 30th June 2017
Mount Coolon Gold Project
• The Company has engaged Mining One Consultants to complete a scoping study in conjunction with a range of other specialists, on the Mount Coolon Gold Project. The Scoping Study is scheduled for completion in August.
• The Company appointed mining engineer, Mr Ian Horton, to the newly created role of General Manager of the Mount Coolon Gold Project.
• Gold resource increased at the Glen Eva deposit by 77% to 0.9Mt averaging 2.2 g/t Au containing an estimated 66,000 ounces. Potential exists to extend the Glen Eva Resource along strike and down dip.
31 July 2017


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Contact Address

GBM Resources

ABN 91 124 752 745

Suite 8, 7 The Esplanade,

T: (08) 9316 9100

F: (08) 9315 5475



Exploration Office

10 Parker St, Castlemaine VIC 3450

T: (03) 5470 5033