Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
Lithium
42.72
0.62%
Gold
2,756.40
0.79%
Copper
4.38
0.39%
Oil
71.90
2%
Bitcoin
67,456.95
0.15%
FTSE 100
8,308.57
(0.12%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,861.94
(0.03%)
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.34%
Hang Seng
20,498.95
0.32%
GBM Resources (ASX: $GBZ) partners with Wise Walkers for Twin Hills project
- Author: Stock Piper
GBM Resources announces major partnership
GBM Resources (ASX:GBZ) has entered into a Farm-in Agreement with Wise Walkers Limited for the Twin Hills Gold Project. This strategic move allows Wise Walkers to earn up to a 70% interest by investing A$6 million in exploration. GBM will receive A$6 million in cash and retain a 30% interest.
Key outcomes and future prospects
GBM Resources has secured a significant agreement with Wise Walkers Limited, allowing them to earn up to a 70% interest in the Twin Hills Gold Project by investing in exploration. GBM will receive A$6 million upfront to improve its financial standing and manage the exploration activities. This agreement reduces GBM's financial burden by transferring exploration costs to Wise Walkers, allowing strategic focus on other projects. GBM retains a 30% interest, carried to a decision to mine, and is committed to enhancing shareholder value by capitalizing on its assets, particularly in the Drummond Basin. Approval from shareholders and regulatory bodies is anticipated, with the transaction already approved by the Foreign Investment Review Board. This partnership underscores GBM's strategy of leveraging collaborations to progress its portfolio and strengthen its market position.
Executive insights on strategic partnership
The Farm-in Agreement with Wise Walkers is a pivotal step for GBM Resources to advance the Twin Hills Gold Project while reducing our financial commitments. By securing this partnership, we enhance our financial stability and focus on other key projects.
GBM RESOURCES LIMITED
GBZ | ASX | Materials
0.0091.7347234759768E-18(+0%)
At close 21/10 (AEDT)
Market cap
$10.4M
Volume
500,000
DY Yield
PE Ratio
52 Week Range
0.007 - 0.022
1YR Return
N / A
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