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GBM RESOURCES LIMITED. — AGM Information 2009
Nov 19, 2009
64966_rns_2009-11-19_d56ffe7e-b440-47aa-8262-d88fbee576b6.pdf
AGM Information
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Targeting world-class Gold and Copper-gold systems in Australia
AGM- 20 November 2009
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Disclaimer
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This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly.
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This Document is not a Prospectus nor an Offer to Subscribe for Shares.
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GBM and its Directors, employees and consultants make no representations or warranty as to the accuracy, reliability or completeness of this document, and have no liability, including liability to any person by reason of negligence of, or contained in or derived from, or for any omissions from this document, except liability under statue that cannot be excluded.
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This document contains reference to certain targets and plans of GBM which may or may not be achieved.
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The performance of GBM may be influenced by a number of factors, uncertainties and contingencies many of which are outside the control of GBM and its directors , staff and consultants.
The information in this report that relates to Exploration Results is based on information compiled by Neil Norris, who is a Member of The Australasian Institute of Mining and Metallurgy. Mr. Norris is a full-time employee of the company. Mr. Norris has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr. Norris consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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About GBM
Board :
Peter May – Non Executive Chairman – banking and corporate services.
Peter Thompson – M D > 30 years in the resource sector finance and BD roles. Cameron Switzer – Non Executive > 20 years as a geologist.
Neil Norris - Exploration Director >30 years exploration and mining experience.
Strategy :
“Discover new deposit which has the potential to be commercially developed adding significant value to the Company and shareholders.”
Web page: www.gbmr.com.au
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12 months– Key highlights
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Cash resources to meet exploration objectives for next 2 years.
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Strategic acquisition of tenements in the Mount Isa region.
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Realising the Potential of Brightlands Cu Au – Mount Isa.
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Confirmed large gold system at Malmsbury - 104 , 000 ounce resource .
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Phosphate discovery and JV = Achieving value from non core projects.
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Consolidation of Dee Range Cu & Au assets.
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Capital Structure
| ORD Shares Total Quoted | comment |
|---|---|
| Total 145,598 145,598 | Market Cap. $43M |
| Placement 12,500 12,500 | raising $2.5m @ 20 cents |
| Phosphate Sale 8,500 8,500 | raising $ 2.6m @ 31 cents |
| Total 166,598 166,598 | |
| OPTIONS46,879 46,879 25 cent/ 30 June 2010 | |
| 3,730 nil unlisted 25 cent/ 30 June 2010 | |
| 20,000 nil unlisted 22 cent/ 30 June 2010 | |
| Cash as at 30-Sep-09 | $1.4m |
| Cash from placement and phosphate: | $ 4.8m |
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Market Rerating of the Sector
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12 month Out look
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Brightlands copper gold
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High potential for mineral discovery on Tiger.
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Diamond drilling planned at Tiger
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SAM and IP geophysics planned at other priority prospects.
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Malmsbury Gold Project
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The dee p hole to test for bulk tonna g e Intrusive Related Gold S y stem.
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JV Initiatives
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Phosphate JV partner identified
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Dee Range Cu-Au project – JV partner discussions.
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Aim to JV or vend other non core projects in the Isa Region.
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Mt Margaret
Project Locations
Bungalien
Horsecreek
Limestone
Grassy Bore
Talawanta
Brightlands
Dee Range
Malmsbury
Gold
Willaura
Gold / Copper
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Mt Isa Copper Gold Projects
‘nothing else on earth measures up’
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Mt Isa Copper Gold Projects
Ten Titles Four Project Areas:
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Brightlands: Au, Cu-Au-U
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Talawanta & Grassy Bore: IOCG
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Mt Margaret Group: IOCG
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Bungalien, Malbon2,Horse Creek
& Limestone: IOCG, P
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Brightlands
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Brightlands Tenement Position
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Brightlands Location map Tiger and T2 zone
Tiger – T1 is a major fault system being part of the Rocklands Fault system
T2 - possible extension to Tiger over 3 kilometres
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Tiger Prospect T3 – Deep target zone for sulphide hosted Cu mineralisation
At 150 metres below surface the Resistivity image ( first image blue colour outline) and the strong Chargeability (second image red colour outline) is becoming more intense at this depth - being more conductive rock.
This response is interpreted to indicate significant increase in intensity of primary sulphide mineralisation at depth.
Malmsbury Gold Project
Intrusive Related Gold In Central Victoria
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GOLD 2006 World Mine Production PRODUCTION Gold Production by State 1840 -2002
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Malmsbury Gold Project
Malmsbury
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Tenements consolidate goldfield
Drummond
North
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Major Regional Structure
Goldfield
91K ozs
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Multiple gold bearing structures –
EL Lauriston short - term targets
4515 Goldfield
83k ozs
� Disseminated Au distribution
� Granite related mineral assemblage
� IRGD at depth?
ELA5120
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Taradale Fault
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Malmsbury Gold Project
Panama
Missing Link
Leven Star
Intrusive Target
Queen’s Birthday
Current resource on this prospect is 104 000 ounces, . Deposit is open at strike and depth.
Drummond North 91,000 oz’s historic hardrock production. Gold mineralisation over 2 km area.
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Malmsbury Gold Project
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Other Projects
Targeting Phosphate ,Gold and Intrusive Related Cu-Au deposits
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Mt Isa Phosphate Project
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Mt Isa Phosphate Project
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Dee Range Project
Mt Gordon
• porphyry Cu-Au-Mo
• 23.0m @ 0.3% Cu, 0.2 g/t Au
• 4km magnetic low
Mt Morgan Mine
Westwood Gold 8.0M ozs Au
Mine 400KT Cu
• High grade quartz veins ULAM
• Intrusive host? • Extensive workings
on shears and veins
Smelter Return • Zonation toward
• 300 x 400m skarn identified magnetic low
• Shallow drilling only • Restricted exploration
• 8m @ 0.3% Cu, 0.8g/t Au
Kyle Mohr
• Intrusive hosted
• Au in stockwork Dee Copper Mine
• High grade Cu-Au veins
system
• Not tested to depth
Black Range
• 4.5km stream sediment
anomaly
• Au values 50 to 171ppb
50 km
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Willaura – Project Summary
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Target - Porphyry Cu Au deposit (Geologically similar to Cadia, Mt Lyell and Northparkes)
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Targets defined by geochemical, geological, structural and geophysical data
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This area is one of the most under explored volcanic area in Australia
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Adjacent tenement results include 6m@3%Cu and 1.1g/t Au and 7.7m @ 4.2%Cu and 1.1g/t Au associated with the serpentinite which trends through EL4631 m
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Key Target Summary
Isa Projects
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Brightlands key focus for new discovery- high potential Cu-Au-U targets.
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Bungalien & Horse Creek – Manage and develop Phosphate JV.
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• Mount Margaret – upgrade and rank IOCG targets. Seek JV.
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Talawanta & Grassy Bore – significant magnetic anomalies, IOCG targets. Seek JV.
Malmsbury Gold Project
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Complete data base interpretation to further define the IRGD potential
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• Design and execute drilling, extend and upgrade resource base
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• Vic Grant for deep hole.
Dee Range gold and copper Project
- Upgrade and rank Cu-Au targets, soils and IP follow up. Seek JV.
Willaura copper gold Project
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Soil, ground magnetic and IP definition +/or drilling of targets.
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� Vic Grant
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GBM Resources On the way to achieving a new discovery Projects are in world-class mining regions
Targeting world class Gold and Copper-gold systems
Thank You
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