News Articles for GBM Resources

Queensland-focused GBM Resources has announced plans to raise close to $40 million as it further increases focus on its Drummond Basin portfolio in North Queensland.

Our board moves wrap includes Neil Rose, Glenn Whiddon, James Pearse, Peter Mullens, Sunny Loh, Kevin Maloney, Mark Maloney, Colin McIntyre, Scott Huffadine, Kyle Edwards, Gabriele Sorrento, James Allchurch, Christopher Haynes, and Joe Geagea.

Our board moves wrap includes JingBin Wang, Brent Cook, Jamie Myers, Tianjiao Wang, Mark Major, Marty Helean, Loren King, Sophie Raven, Andrew Barclay, Rebecca Broughton, Stephen Biggins, and Justin Boylson.

GBM Resources is seeking to raise $7.4 million to continue exploring for gold in Queensland's Drummond Basin, while Conico and Corazon also announced capital raisings.

Gold has stood the test of time proving it to be a stand-out performer in 2020 following the onset of COVID-19. March saw the price of the yellow metal fall to US$1,486 per ounce before rising by a stunning 40 per cent to hit an all-time US$2,067 per ounce high in August. What does 2021 hold for gold?

Today's board moves wrap includes Dan Travers, Murray Black, and Karen Field.

Perth-based GBM Resources is paying $3 million to buy a gold project in Queensland, close to its flagship Mount Coolon asset.

Our board moves wrap includes Brent Cook, Neil Norris, Peter Meurer, Anthony Pearson, and Robert Sennitt.

Novo Resources is continuing to execute on its strategy of picking up nuggety gold projects and has increased its presence in the goldfields of Victoria, famed for its long and rich mining history. Novo has entered into a deal that could see it land up to 75% of GBM Resources' Malmsbury gold project and just over 4% of the ASX-listed company.

Our weekly appointments wrap includes Bruce Godfrey, Graeme Hunt, Sarah Ryan, Lisa Paul, Mark Woffenden, Miranda Johnson, Daniel Gordon, Vaughan de Vos and Stephen Nano.

Our daily board moves wrap includes Peter Rohner, Peter Mullens, Peter Thompson, Neil Norris, Greg Boulton, Don Carroll, Simon Lill, Simon Wong, Bahay Ozcakmak, Patrick McManus, Alan Boyd, Tim Slate, Yugi Gouw, Karl Paganin, Derek La Ferla, and Thomas Lawrence.

A summary of the smaller deals from last week, which did not get included in our daily news coverage.

A summary of last week's smaller deals that did not get included in our daily news coverage.

Our daily board moves wrap includes Mark Calderwood, Mark Turner, Ed Mason, Philip Crutchfield, Peter Mullens, Hans Mende, Brian Beem, and Gregg Taylor.

Lepidico is pleased to advise that the Renounceable Entitlements Offer announced on 3 September 2018 has been well supported by the Company's shareholders and new investors and closed significantly

Great Southern Mining has received commitments from sophisticated investors for the placement of 34 million shares at an issue price of $0.0375 a share to raise approximately $1.275 million.

Pancontinental Oil & Gas NL has successfully completed the acquisition of 100% of the shares of Bombora Natural Energy Pty Ltd.

Gold explorer GBM Resources has been forced to terminate merger plans with Canadian company WCB Resources after a loan agreement with a funding party fell through.

Cape Lambert Resources Limited has sold its royalty on the Mayoko iron ore project for $1 million cash subject to the formality of the new owners signing off on the transaction.

Mount Pleasant-based GBM Resources has struck a friendly merger agreement with listed Canadian company WCB Resources, bringing together gold projects in Australia and Papua New Guinea.

Soon-to-be renamed Malagasy Minerals has welcomed Regis Resources as a substantial shareholder as the company completes its acquisition of the Karlawinda gold project near Newman, while also announcing the appointment of local gold mining executives to its board.

Perth-based mineral explorer GBM Resources has announced plans to raise $1.14 million through the placement of 57 million shares to investors valued at 2 cents per share.

It's an old adage that some of the biggest fortunes have been made when business conditions are at their toughest.

Western Australian iron ore junior Crusader has announced a cost-cutting program aimed at reducing overheads in the wake of tougher market conditions.

The falling gold price is continuing to hit Western Australia's resources sector, with Saracen Minerals today joining a string of companies to cancel projects, slash costs and launch strategic revi

Perth-based mining juniors GBM Resources, Invictus Gold and Hannans Reward have announced capital raising plans today, collectively worth nearly $7.5 million.

Mt Pleasant-based GBM Resources has entered into a binding agreement with Swift Venture over the company's phosphate assets located southeast of Mount Isa in North Queensland.

Subiaco-based GBM Resources has signed an initial agreement with Tokyo-based Pan Pacific Copper, which could spend up to $55 million on the exploration and development of GBM's copper-gold projects in northwest Queensland.

Subiaco-based GBM Resources has entered into a joint venture arrangement with a Singapore company over large-scale phosphate projects in north Queensland.

Subiaco-based GBM Resources Ltd has inked a deal with gold miner Newcrest Ltd to acquire its copper gold assets in the Mount Isa region in a deal worth $2.6 million over the next three years.

Western Australian metals explorers Buxton Resources Ltd, of West Perth, and Nedlands-based GBM Resources Ltd traded steady after their debuts on the Australian Securities Exchange.