GBM Resources (GBM) Investor Presentation summary

Strategic positioning and resource base

• Holds a dominant position in the Drummond Basin, an underexplored district-scale epithermal gold system with over 1.84 Moz Au resources on permitted mining leases, enabling potential accelerated development.

• 90% of total resources are on permitted mining licenses, with attributable resources of ~900 koz Au if all farm-ins are completed.

• Major projects include Yandan, Twin Hills, and Mt Coolon, with significant high-grade intersections and ongoing resource upgrades.

• Existing infrastructure includes highway, rail, camps, airstrip, and power, supporting efficient exploration and development.

• Attracts investment and interest from major gold producers, including Newmont, with substantial farm-in agreements.

Exploration and development highlights

• Twin Hills and Yandan projects are the focus of systematic exploration, with modern geophysics and drilling planned for 2025–2026.

• Twin Hills corridor hosts >1.0 Moz Au, with multiple untested anomalies and high-grade intersections, and remains open at depth.

• Yandan project features a large-scale epithermal system with 515 koz Au resources, high-grade feeder vein targets, and significant exploration upside.

• East Hill deposit at Yandan contains 1.1 Mt @ 5.7 g/t Au for 200 koz Au, with conceptual high-grade targets below the current resource.

• Illamahta system offers shallow oxide mineralisation and remains untested at depth, with potential for resource growth.

Financial and corporate overview

• Market capitalisation stands at A$9.2M, with cash and receivables of ~A$1.3M as of February 2025.

• Convertible note of ~A$6.1M due December 2025; 1,171M ordinary shares on issue.

• Top 20 shareholders hold 65% of shares, with major holders including Collins Street Asset Mgmt (16.3%) and Citicorp Nominees (11.2%).

• Ongoing divestment of non-core assets, including advanced discussions for the sale of Mount Morgan and White Dam projects.

• White Dam Gold Mine produced ~$2M in gold sales last quarter, with further sales in early 2025.