GBM RESOURCES LIMITED. — AGM Information 2015

Nov 25, 2015

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Annual General Meeting Gold Focus

26 November 2015

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• This Document is Confidential and may not be reproduced, redistributed or passed on, directly or indirectly.

• This Document is not a Prospectus nor an Offer to Subscribe for Shares.

• 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 statute that cannot be excluded.

• This document contains reference to certain targets and plans of GBM which may or may not be achieved. 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 Targets, Exploration Results and Mineral Resources is based on information compiled by Neil Norris, who is a Member of The Australasian Institute of Mining and Metallurgy and The Australasian Institute of Geoscientists. Mr Norris is a fulltime employee of the company, and is a holder of shares and options in 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 2012 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.

• The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

• The Company confirms that the form and context in which the Competent Person’s findings are presented have not materially changed from the original market announcement.

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Capital Structure	(ASX: GBZ)
Shares on Issue	558 m
Listed Options(3.5 cents)	178 m
Expiring 30/06/16
Share Price_(close 24/11/2015)_	A$0.03
Market Cap	~AS16.8 m
Current Shareholders
Shareholders	1,000
Top 20 Shareholders	78%

Board of Directors Peter Thompson Executive Chairman Neil Norris Exploration Director Hun Seng Tan Non-Executive Director

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Koala Open Gold Mine, Mt Coolon.

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100%

26% PREIPO

100%

100%

Mt Coolon Gold Resources 268K ozs Au

Lubuk Mandi Gold Mine 121K ozs Au

Malmsbury Gold Resource 104K ozs Au

Milo Rare Earths, Copper, Uranium, Phosphate Resource 108Kt TREEYO, 96Kt Cu, 126k ozs Au, 14Mlbs U3O8,

GOLD + BASE METALS + RARE EARTHS

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Significant Resource Growth with demonstrated exploration upside.

TOTAL BENEFICIAL INTEREST IN RESOURCES 404,000 Oz Au

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Mt Coolon Gold Mine: Key Gold Opportunity 1

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• Acquired Mt Coolon Gold Mine April 2015 from Drummond Gold Limited

Project Location

Mackay

• Located west of Mackay, Queensland Australia

• • 773m[2] project area

• Assets in world class gold province Drummond Basin - over 7M ounces

• Defined Resources totalling ~270,000 ounces gold

• Plus exploration target between 120,000 – 230,000 ounces oz gold

• Early production potential via Heap leach

• Significant exploration potential in multi-million ounce gold province

• It should be noted that the potential quantity and grade is conceptual in nature, there has been insufficient exploration to estimate a Mineral

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Gold endowment in excess of 7 Moz including:

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Wirralie 1.0 Moz Mt Leyshon 2.1 Moz Pajingo 3.0 Moz

PROVEN BUT UNDER-EXPLORED GOLD PROVINCE

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Wobegong 2
Conway System 2m @27.0 g/t Au
2m @9.3 g/t Au
EPM7259
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Bimurra System

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Bimurra
Exploration
target
Drummond Basin
EPM25365
Eugenia
Mt Coolon
(Koala) Glen Eva
EPM15902
EPM25850
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Defined Gold Resources (JORC 2012 compliant)

Eugenia 164 200 oz Glen Eva 37 200 oz Mt Coolon (Koala) 67 200 oz Total Resources 268,000 oz[#]

GBM Resources ASX release 27 August 2015 ‘Resource Upgrade for Mount Coolon Gold Project’

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Wobegong 2
Conway System 2m @27.0 g/t Au
2m @9.3 g/t Au
EPM7259
Bimurra System
Bimurra
Exploration
target
Drummond Basin
EPM25365
Eugenia
Mt Coolon
(Koala) Glen Eva
EPM15902
EPM25850
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Bimurra System

• Commenced Scoping Study to evaluate heap leach potential at Eugenia and Bimurra

• Significant extensional potential remains at all resource areas

• Exploration target at Bimurra containing between 120,000 and 230,000 oz Au*

• Potential to upgrade Bimurra to JORC status

• Significant exploration upside including Conway, Verbena Sinter and others

• GBM Resources ASX release 14 September 2015

• *[2 ] DGO Ltd IPO Prospectus 6 November 2007

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Current Resource 164,000 oz Au

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• Shallow cover with post mineralisation sediments beneath - potential to extend with further drilling

• Remains open at depth and along strike to the south

• One deep intersection 2m @ 19.4 g/t Au

• feeder structure at depth

• Potential for further resource additions

EARLY PRODUCTION POTENTIAL VIA HEAP LEACH AT EUGENIA AND BIMURRA

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Current Resource 67,200 oz Au

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• Discovered 1913

• Large porphyry/epithermal province with

• proven genetics • Not tested sufficiently at depth or

• along strike or associated structures • Open cut and u/g production possibilities

• • Strong similarities to 3M oz Pajingo &

• Cracow Gold Mines, Qld • Mt Coolon Mine – High grade potential

• • Approved CDI grant for deeper testing

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Current Resource 37,200 oz Au

• Discovered 1992

• Blind deposit but sinter outcrop nearby lead to discovery

• High grade “bonanza” epithermal vein

• Open at depth and along strike

• Virtually no exploration away from open pit

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9000N
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10g/t Au
>5g/t Au
Drill Vein Intercepts
Fault
Capping Unit
Sinter Horizon
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200mRL
0 100
0mRL
9600N 9900N
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Open pit mined 25k oz >6.0g/t in 1997 (gold price average US$387/oz.)

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Near Term Production & Long Life Potential

Short Term Initial Production

Open Pit

Heap Leach Production

Medium Term

O/C Primary New O/C Targets

Extended heap leach & Mill Production

Long Term

U/G High Grade New O/C & U/G Targets

Extended heap leach & Mill Production

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• Low cost gold extraction

• • Low capital cost

• • Established technology

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Lubuk Mandi Gold Mine Lubuk Mandi Gold Mine - Malaysia 2

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Lubuk Mandi

• GBM acquired 40% interest in JV partners AASB in Lubuk Mandi May 2013.

• Tenements covers 221 hectares with gold production record

• Close to existing infrastructure and regional centre of Terennganu and is an established mining site

• Strategy : reprocess tailings dam, achieve hard rock resource and plan to list on Singapore exchange.

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Current Pre-IPO: up to SG$12 million capital raising

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Processing of gold from Tailings Dam

Achieve Hard-rock Resource

IPO Phase –commence hard-rock mining Capital to be raised from IPO

On Track for SGX Listing Early 2016

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Mount Morgan Cu Au Project 3

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Limonite Hill - quartz vein with chalcopyrite molybdenite rosettes

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• Project area 764m[2] (10 granted) / Target Copper-Gold Porphyry

• Adjacent to world-class Mount Morgan Gold Mine -

• Mount produced 8 Moz Au and 400,000 tonnes of copper to

• Morgan date

• Rockhampton

• Under-explored porphyry province multiple high order targets

• Completed extensive geochemical sampling and mapping of a number of high-order targets and many are now at or near drill-testing stage

• Next step secure JV partner

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Priority drill ready targets:

 Limonite Hill  Sandy Creek  Oakey Creek  All porphyry copper gold style mineralisation

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Milo Milo Milo

• Queensland’s North West prolific Mineral Province (Mt Isa Inlier)

• Key Commodities –rare earths, copper, uranium, phosphate and gold

• MILO Multi Element Project:

• 108Kt TREEYO

• 1.3 Mt P O 2 5

• 97Kt Cu

• 14Mlbs U O 3 8

.

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5 CED Copper-Gold Targets CE opper-Gold JV

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• Partner’s Interest - Major global companies Pan Pacific Copper 75% and Mitsui & Co 25%

• Talawanta /Grassy Bore, Mt Margaret, Chumvale and Bungalien Projects Spend $15m over 6 years to earn 51% Budget this year $2.0m

• Spend $1.03m for each 1% increment up to $40m

• GBM retains a 10% Free Carried Interest to Bankable Feasibility

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Victorian Projects - Quality exploration portfolio

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KEY FOCUS GOLD

Mount Coolon - early production opportunity (Heap Leach at Eugenia deposit = reduced risk + development self funding). Participate in exploration of proven, under explored gold province

OTHER VALUE DRIVERS

Lubuk Mandi - participate in Malaysia growth potential in gold and unlock value from imminent SGX listing

Mount Morgan Project - prospective for world class copper-gold porphyry discovery

Milo Project - IOCGU REE potential

Major JV near Mount Isa - potential step change with IOCG discovery

Quality exploration portfolio - multiple discovery potential.

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1. Current Non–Renounceable Entitlement Issue

2. JV partner for the Mt Coolon Gold Project

3. Exercise of Listed Options expiring 30/6/16

4. Equity investment in Lubuk Mandi Post IPO

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THANK YOU
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Mount Coolon Gold Mines Limited

From; Annual Statement of Mineral resources, GBM Annual Report 2015. Details of the Mount Coolon resources can be located in ASX release dated 27th of August 2015.

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Malmsbury Gold Project Resources .

From; Annual Statement of Mineral resources, GBM Annual Report 2015. For original release refer to ASX release dated 19[th] of January 2009.

Resource	Tonnes	Au	Au
Classification		(g/t)	(ozs)
Inferred	820,000	4.0	104,000

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Milo IOCG Project

From; Annual Statement of Mineral resources, GBM Annual Report 2015. Details of the Milo resource can be located in ASX release dated 9[th] of August 2012.

.

TREEYO Inferred Resource

	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY	LREEO HREEY
	cutoff (TREEYO ppm) tonnes (Mt) TREEYO (ppm, t) P2O5 (%, t) CeO2 (ppm, t) La2O3 (ppm, t) Nd2O3 (ppm, t) Pr2O3 (ppm, t) Sm2O3 (ppm, t) Eu2O3 (ppm, t) Gd2O3 (ppm, t) Y2O3 (ppm, t) Dy2O3 (ppm, t) Er2O3 (ppm, t) Others (ppm, t)
Grades Contained Metal
	300	176	620	0.75	260	150	80	24	12	4	10	52	8	5	9
			108,000	1,330,000	46,140	26,460	13,850	4,230	2,170	710	1,780	9,150	1,480	850	1,620

Copper Equivalent Resource

Resource Classification	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)	cutoff (CuEQ %) tonnes (Mt) CuEQ (%, t) Au ( ppm, ozs) Cu (ppm, t) Ag ( ppm, ozs) Mo (ppm/ t) Co (ppm/t) U3O8 (ppm/ Mlbs)
Inferred Contained Metal
	0.10	88.4	0.34	0.04	1090	1.63	65	130	72
			301,000	126,000	96,500	4,638,000	5,700	11,700	14.0

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Tailings Resource From; GBM ASX release 24[th] October 2013.

Indicated + Inferred Tonnes Grammes Contained	Indicated + Inferred Tonnes Grammes Contained	Indicated + Inferred Tonnes Grammes Contained	Indicated + Inferred Tonnes Grammes Contained	Grade Ounces ppm Au % Tonnage Gold	Grade Ounces ppm Au % Tonnage Gold	Grade Ounces ppm Au % Tonnage Gold	Grade Ounces ppm Au % Tonnage Gold
Indicated	1,445,000	1,009,000		32,400		0.70	94%
Inferred	87,000	72,000		2,300		0.80	6%
Total	1,532,000	1,081,400		34,800		0.70	100%

Hardrock Resource From; GBM ASX Quarterly Report 31[ST ] December 2014

Classification	Tonnes	Ounces	Grade
Indicated	1,643,000	77,100	1.5
Inferred	312,000	10,100	1.0
Total	1,955,000	87,200	1.4

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