Targeting world
Targeting world--class
class
Gold and Copper
Gold and Copper--gold
gold
systems
systems
in Australia
in Australia
AGM- 20 November 2009
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Disclaimer
Disclaimer
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
statue 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 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
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:
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
12 months
Key highlights
Key highlights
Cash resources to meet exploration objectives for next 2 years.
Strategic acquisition of tenements in the Mount Isa region.
Realising the Potential of Brightlands Cu Au Mount Isa.
Confirmed large gold system at Malmsbury- 104,000 ounce resource.
Confirmed large gold system at Malmsbury- 104,000 ounce resource.
Phosphate discovery and JV = Achieving value from non core projects.
Consolidation of Dee Range Cu & Au assets.
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Capital Structure
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
OPTIONS 46,879 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
Market Rerating of the Sector
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12 month Out look
12 month Out look
Brightlands copper gold
High potential for mineral discovery on Tiger.
Diamond drilling planned at Tiger
SAM and IP geophysics planned at other priority prospects.
Malmsbury Gold Project
The deep hole to test for bulk tonnage Intrusive Related Gold System.
The deep hole to test for bulk tonnage Intrusive Related Gold System.
JV Initiatives
Phosphate JV partner identified
Dee Range Cu-Au project JV partner discussions.
Aim to JV or vend other non core projects in the Isa Region.
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Project Locations
Project Locations
Brightlands
Mt Margaret
Bungalien
Horsecreek
Limestone
Grassy Bore
Talawanta
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Dee Range
Malmsbury
Willaura
Gold
Gold / Copper
Mt Isa Copper Gold Projects
Mt Isa Copper Gold Projects
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`nothing else on earth measures up'
Mt Isa Copper Gold Projects
Mt Isa Copper Gold Projects
Ten Titles
Four Project Areas:
·
Brightlands: Au, Cu-Au-U
·
Talawanta & Grassy Bore: IOCG
·
Mt Margaret Group: IOCG
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·
Mt Margaret Group: IOCG
·
Bungalien, Malbon2,Horse Creek
& Limestone: IOCG, P
Brightlands
Brightlands
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Brightlands Tenement Position
Brightlands
Brightlands
Location map
Location map
Tiger and T2 zone
Tiger and T2 zone
Tiger T1 is a major
fault system being
part of the Rocklands
Fault system
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Fault system
T2 - possible
extension to Tiger
over 3 kilometres
Tiger Prospect T3 Deep target
zone for sulphide hosted Cu
mineralisation
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
Malmsbury Gold Project
Gold Project
Intrusive Related Gold In Central Victoria
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GOLD
GOLD
PRODUCTION
PRODUCTION
2006 World Mine Production
Gold Production by State 1840 -2002
Malmsbury
Malmsbury Gold Project
Gold Project
EL
Malmsbury
T
a
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a
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Drummond
North
Goldfield
91K ozs
Lauriston
Tenements consolidate goldfield
Major Regional Structure
Multiple gold bearing structures
short-term targets
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ELA5120
EL
4515
Lauriston
Goldfield
83k ozs
short-term targets
Disseminated Au distribution
Granite related mineral assemblage
IRGD at depth?
Missing Link
Panama
Leven Star
Queen's Birthday
Intrusive Target
Intrusive Target
Current resource on this
prospect is 104,000 ounces.
Malmsbury
Malmsbury Gold Project
Gold Project
Drummond North 91,000 oz's historic hardrock
production. Gold mineralisation over 2 km area.
Queen's Birthday
prospect is 104,000 ounces.
Deposit is open at strike and
depth.
Malmsbury
Malmsbury Gold Project
Gold Project
Other Projects
Other Projects
Targeting Phosphate ,Gold and
Intrusive Related Cu-Au deposits
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Mt Isa Phosphate Project
Mt Isa Phosphate Project
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Mt Isa Phosphate Project
Mt Isa Phosphate Project
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Dee Range Project
Dee Range Project
Mt Morgan Mine
8.0M ozs Au
400KT Cu
ULAM
ULAM
·
·
Extensive workings
Extensive workings
on shears and veins
on shears and veins
·
·
Zonation
Zonation toward
toward
magnetic low
magnetic low
·
·
Restricted exploration
Restricted exploration
Westwood Gold
Westwood Gold
Mine
Mine
·
·
High grade quartz veins
High grade quartz veins
·
·
Intrusive host?
Intrusive host?
Smelter Return
Smelter Return
·
·
300 x 400m
300 x 400m skarn
skarn identified
identified
·
·
Shallow drilling only
Shallow drilling only
·
·
8m @ 0.3% Cu, 0.8g/t Au
8m @ 0.3% Cu, 0.8g/t Au
Mt Gordon
Mt Gordon
·
·
porphyry Cu
porphyry Cu--Au
Au--Mo
Mo
·
·
23.0m @ 0.3% Cu, 0.2 g/t Au
23.0m @ 0.3% Cu, 0.2 g/t Au
·
·
4km magnetic low
4km magnetic low
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Dee Copper Mine
Dee Copper Mine
·
·
High grade Cu
High grade Cu--Au veins
Au veins
system
system
·
·
Not tested to depth
Not tested to depth
Black Range
Black Range
·
·
4.5km stream sediment
4.5km stream sediment
anomaly
anomaly
·
·
Au values 50 to 171ppb
Au values 50 to 171ppb
Kyle Mohr
Kyle Mohr
·
·
Intrusive hosted
Intrusive hosted
·
·
Au in stockwork
Au in stockwork
50 km
Willaura
Willaura
Project Summary
Project Summary
Target - Porphyry Cu Au deposit
(Geologically similar to Cadia,
Mt Lyell and Northparkes)
Targets defined by geochemical,
geological, structural and
geophysical data
This area is one of the most under
explored volcanic area in Australia
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
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Key Target Summary
Key Target Summary
Isa Projects
Isa Projects
·
Brightlands key focus for new discovery- high potential Cu-Au-U targets.
·
Bungalien & Horse Creek Manage and develop Phosphate JV.
·
Mount Margaret upgrade and rank IOCG targets. Seek JV.
·
Talawanta & Grassy Bore significant magnetic anomalies, IOCG targets.
Seek JV.
Malmsbury Gold Project
Malmsbury Gold Project
·
Complete data base interpretation to further define the IRGD potential
·
Design and execute drilling, extend and upgrade resource base
·
Vic Grant for deep hole.
Dee Range gold and copper Project
Dee Range gold and copper Project
Upgrade and rank Cu-Au targets, soils and IP follow up. Seek JV.
Willaura
Willaura copper gold Project
copper gold Project
Soil, ground magnetic and IP definition +/or drilling of targets.
Vic Grant
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GBM Resources
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
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Thank You
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