GBM Resources Limited (GBM.AX)
GBM Resources Limited operates in the Gold industry of the Basic Materials sector, headquartered in Milton, QLD, AU. The stock last traded at $0.02, down 5.00% on the session, giving a market capitalisation of $93.3M. Its beta of 1.40 implies it has historically moved more than the broad market.
GBM Resources Limited is an Australian company primarily focused on the exploration and development of mineral resources. Its operations are structured into two key segments: mineral exploration and mineral production. The firm actively seeks out deposits rich in gold, silver, and copper. Central to its portfolio is the flagship Drummond Basin Gold project, which includes prominent prospects like Twin Hills, Yandan, and Mt Coolon, alongside the White Dam Gold project resources. The latter are situated approximately 50 kilometers west of Broken Hill, within South Australia's Curnamona province. In addition to its exploratory efforts, GBM Resources is also involved in the output of minerals. Established in 2007, the company maintains its headquarters in Milton, Australia.
GBM Resources Limited is most often compared with the following Basic Materials names: