GBM RESOURCES LIMITED. — Investor Presentation 2016

Oct 27, 2016

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Explorer to Gold Producer

28 October 2016

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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) Board of Directors Shares on Issue 813 m Peter Thompson Executive Chairman Listed Options (5 cents) 203 m Neil Norris Exploration Director Expiring 30/09/19 Hun Seng Tan Non-Executive Director Share Price A$0.016 Market Cap ~AS14.0 m

Current Shareholders

Shareholders 900 Top 20 Shareholders 83%

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Mayfield 302 km[2] (granted)

Brightland’s 292 km[2] (granted) Pan Pacific JV 631 km[2] (granted)

Mt Coolon Project 773 km[2] (granted).

Mt Morgan Project 781 km[2] (granted).

Lubuk Mandi Equity Interest.

Willaura 223 km[2] (granted)

Malmsbury 25 km[2] (granted) Yea Project 187 km[2] (granted)

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KEY FOCUS GOLD

Mount Coolon - Targeting Gold production in 2017. Participate in exploration of proven, under explored gold province which has a gold endowment of 7.5 million ounces.

OTHER KEY VALUE DRIVERS - Lubuk Mandi Gold Project Participate in Malaysia growth potential in gold and unlock value from SGX Listing . Equity holding of 35 million shares in Anchor Resources. - Mount Morgan Copper Gold Project Prospective for world class copper-gold porphyry discovery . Project portfolio surrounds World class Mount Morgan Mine which produce 8M ounces of Au and 500,000 Cu Milo Project - IOCG System and REE

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Mt Coolon Gold Mine- Production & Growth Strategy

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D r u m m o n d B a s i n

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

• Multiple +1M oz deposits in region.

• Limited modern exploration since 1990’s.

• Some of the best undeveloped targets in the region.

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D r u m m o n d B a s i n
MOUNT
COOLON SEE MAP INSET
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• Acquired in April 2015

• Tenements covering 773 km[2 ] (Singapore total land area 697 km[2] ).

• Four granted Mining Permits covering Koala and Glen Eva).

• Four granted exploration permits.

• Project status application lodged.

Project / Name Tenement No. Owner Interest Approx Area (km2)	Project / Name Tenement No. Owner Interest Approx Area (km2)	Project / Name Tenement No. Owner Interest Approx Area (km2)	Project / Name Tenement No. Owner Interest Approx Area (km2)	Project / Name Tenement No. Owner Interest Approx Area (km2)
Mt Coolon	EPM15902	GBMR/MCGM	100%	325
Mt Coolon East	EPM25850	GBMR/MCGM	100%	260
Mt Coolon North	EPM25365	GBMR/MCGM	100%	146
Conway	EPM7259	GBMR/MCGM	100%	39
Koala1	ML 1029	GBMR/MCGM	100%	0.71
Koala Camp	ML 1085	GBMR/MCGM	100%	0.05
KoalaPlant	ML 1086	GBMR/MCGM	100%	0.98
Glen Eva	ML 10227	GBMR/MCGM	100%	1.30

MOUNT COOLON ML1086 ML1029 ML1085 MAP INSET

D r u m m o n d B a s i n

GLEN EVA

ML10277

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Insert tenement plan ie. EPM/s plus inset for ML’s?

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Near Term Production & Long Life Potential

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Short Term (2017-18)

Medium Term (2019)

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Long Term (2020)

• Eugenia Oxide Open Cut

• Heap leach

• Koala and Glen Eva Open Cuts

• Provide funding exploration and CIL plant.

• Open Cut Primary

• New Open Cut Targets

• Extended Heap Leach & Mill Production

• Underground High Grade

• New Open Cut & High Grade Targets

• Mill Production

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**Project **	Location	Resource Category	Resource Category	Resource Category	Resource Category	Resource Category	Resource Category	Resource Category	Resource Category	Resource Category	000' t Aug/t Au ozs Total	000' t Aug/t Au ozs Total	000' t Aug/t Au ozs Total	Cut-off
		000' t Aug/t Au ozs Measured			000' t Aug/t Au ozs Indicated			000' t Aug/t Au ozs Inferred
Koala	Open Pit				370	2.8	33,500	750	2.1	51,700	1,110	2.4	85,000	0.4
	Underground Extension				50	3	5,100	230	3.9	28,500	280	3.7	33,700	2.0
	Tailings	114	1.6	6,200	9	1.6	400				124	1.6	6,600	1
	Total	114 1.7 6,200 429 2.8 39,000 980 2.5 80,200 1,514 2.6 125,300
Eugenia	Oxide				1,305	0.9	39,300	219	0.7	5,100	1,524	0.9	44,400	0.4
	Sulphide				2,127	0.9	62,300	1,195	1.2	45,500	3,322	1.0	107,800	0.4
	Total	3,432 0.9 101,600 1,414 1.1 50,600 4,846 1.0 152,200 0.4
Glen Eva	Below pit.				132	7.8	33,200	21	5.9	4,000	154	7.5	37,200	3.0
Total		114 1.7 6,200 3,993 1.4 173,800 2,415 1.7 134,800 6,514 1.5 314,700

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Eugenia Heap Leach Scoping Study (ASX Announcement 23 August 2016)

The mine is an open pit, heap leach gold operation to operate over 16 months. 77% of the in pit production target resource is in the Indicated Resource Category. Recovered gold ounces total 32,588 at a cash cost of $848 per ounce, capital estimated at $8.3 million and gold production targeted for the 4Q 2017. Operating cash flow $23m.

Koala and Glen Eva Open Cuts Investigating development options and near-term gold production which has the potential to generate positive cash flows and growth.

• Development path of becoming a small producer in short term to Larger Producer (with CIL plant + self funding exploration)

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Conway 2m@27.0 g/t Au 2m@9.3 g/t Au

Bimurra Key Exploration Target

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Koala
Eugenia
125,300 Au ozs
152,300 Au ozs
Glen Eva
37,000 Au ozs
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• Eugenia-near term production potential

• Koala Gold Mine -resource growth and development.

• Glen Eva Gold Mine –resource growth and development.

• Bimurra Prospect – resource definition and development, potential oxide heap leach.

• Conway exploration and discovery

• Verbena Sinter- large underexplored epithermal system

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 $10 million Loan Agreement executed supporting the Re-Development

• Completing Koala gold resource scoping study

 Currently drilling stage 1 at the Koala Gold Mine to test open pit extension

• Reviewing the high grade Glen Eva resource and Pit Optimisation

• Toll milling and Heap Leach Options under review.

Development Decision Target Date End of Year

Targeting Gold producer by 2Q 2017

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