GBM RESOURCES LIMITED. — Capital/Financing Update 2025

Dec 3, 2025

Level 9, 28 The Esplanade, Perth, WA, 6000

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ASX ANNOUNCEMENT 4 December 2025

E reception@gbmex.com.au P (08) 9322 6322 gbmr.com.au ABN 91 124 752 745

COMPLETION OF WHITE DAM PROJECT DIVESTMENT

GBM Resources Limited (ASX: GBZ) (“GBM” or “the Company”) is pleased to advise that it has completed the divestment of the Company’s White Dam gold-copper heap leach project (“White Dam”) in South Australia (“Divestment”) to Pacgold Limited (ASX: PGO) (“Pacgold”).

Consideration from the Divestment included:

• A$1,200,000 (less an exclusivity fee of A$75,000 previously paid by Pacgold) in cash;

• 15,000,000 fully paid ordinary shares in Pacgold (voluntary escrowed for 12 months); and

• A deferred payment of A$2,200,000 payable in cash or shares (at Pacgold’s election) upon commercial production of at least 5,000oz of gold from White Dam.

The Divestment provides non-dilutionary funding that allows the Company to focus on advancing its Drummond Basin gold assets in Queensland, particularly the Twin Hills Gold Project, whilst retaining upside exposure to the potential of both White Dam and Pacgold’s other existing gold and antimony assets.

For further information please contact:

Daniel Hastings

Daniel Hastings Andrew Krelle Chief Executive Officer Executive Director +61 (0) 493 239 674 dhastings@gbmex.com.au andrew.krelle@gbmex.com.au

This ASX Announcement has been authorised for release by the Company’s Board of Directors.

ASX: GBZ GBM RESOURCES LTD

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