GBM Resources Sells South Australia Project to Pacgold in Cash, Stock Deal; Shares Down 3%

MT Newswires Live

Oct 06

GBM Resources (ASX:GBZ) agreed with Pacgold (ASX:PGO) to sell its White Dam gold-copper heap leach project in South Australia for an initial payment of AU$1.2 million and 15 million PGO shares, according to a Monday Australian bourse filing.

The deal also includes a potential subsequent payment of AU$2.2 million upon commercial production of at least 5,000 ounces of gold from White Dam.

The company said it will use to proceeds to advance its Drummond Basin gold assets.

The company added that the stage 1 drilling campaign at its Twin Hills project remains ongoing and is designed to grow the existing resource base and follow-up high-priority extensions at both the 309 and Lone Sister deposits, as well as test new regional targets within the mineralized gold corridor.

GBM Resources' shares fell past 3% in recent Monday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2573647101"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2573647101\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2573647101?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-06 09:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2573647101","market":"sg","top_or_hot":-1,"title":"GBM Resources Sells South Australia Project to Pacgold in Cash, Stock Deal; Shares Down 3%","media":"MT Newswires Live","content":"<html><body><p> GBM Resources (ASX:GBZ) agreed with Pacgold (ASX:PGO) to sell its White Dam gold-copper heap leach project in South Australia for an initial payment of AU$1.2 million and 15 million PGO shares, according to a Monday Australian bourse filing.</p><p>The deal also includes a potential subsequent payment of AU$2.2 million upon commercial production of at least 5,000 ounces of gold from White Dam.</p><p>The company said it will use to proceeds to advance its Drummond Basin gold assets.</p><p>The company added that the stage 1 drilling campaign at its Twin Hills project remains ongoing and is designed to grow the existing resource base and follow-up high-priority extensions at both the 309 and Lone Sister deposits, as well as test new regional targets within the mineralized gold corridor.</p><p>GBM Resources' shares fell past 3% in recent Monday trade.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GBM Resources Sells South Australia Project to Pacgold in Cash, Stock Deal; Shares Down 3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGBM Resources Sells South Australia Project to Pacgold in Cash, Stock Deal; Shares Down 3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-06 09:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> GBM Resources (ASX:GBZ) agreed with Pacgold (ASX:PGO) to sell its White Dam gold-copper heap leach project in South Australia for an initial payment of AU$1.2 million and 15 million PGO shares, according to a Monday Australian bourse filing.</p><p>The deal also includes a potential subsequent payment of AU$2.2 million upon commercial production of at least 5,000 ounces of gold from White Dam.</p><p>The company said it will use to proceeds to advance its Drummond Basin gold assets.</p><p>The company added that the stage 1 drilling campaign at its Twin Hills project remains ongoing and is designed to grow the existing resource base and follow-up high-priority extensions at both the 309 and Lone Sister deposits, as well as test new regional targets within the mineralized gold corridor.</p><p>GBM Resources' shares fell past 3% in recent Monday trade.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_1OZ","symbol_name":"1盎司黄金","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573647101","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573647101","pubTimestamp":1759713912,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"GBM Resources  agreed with Pacgold  to sell its White Dam gold-copper heap leach project in South Australia for an initial payment of AU$1.2 million and 15 million PGO shares, according to a Monday Australian bourse filing.The deal also includes a potential subsequent payment of AU$2.2 million upon commercial production of at least 5,000 ounces of gold from White Dam.The company said it will use to proceeds to advance its Drummond Basin gold assets.The company added that the stage 1 drilling campaign at its Twin Hills project remains ongoing and is designed to grow the existing resource base and follow-up high-priority extensions at both the 309 and Lone Sister deposits, as well as test new regional targets within the mineralized gold corridor.GBM Resources' shares fell past 3% in recent Monday trade.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PGO.AU":"PACGOLD LTD","XJO.AU":"标普/澳交所 200指数","BK7104":"黄金","XKO.AU":"标普/澳交所 300指数","GBZ.AU":"GBM Resources Ltd","XAO.AU":"标普/澳交所 普通股指数"},"translate_title":"GBM Resources以现金、股票交易的方式将南澳大利亚项目出售给Pacgold；股价下跌3%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GBZ.AU":1,"XKO.AU":1.5,"1OZmain":0.73,"PGO.AU":1,"XJO.AU":1.5,"XAO.AU":1.5},"content_text":"GBM Resources (ASX:GBZ) agreed with Pacgold (ASX:PGO) to sell its White Dam gold-copper heap leach project in South Australia for an initial payment of AU$1.2 million and 15 million PGO shares, according to a Monday Australian bourse filing.The deal also includes a potential subsequent payment of AU$2.2 million upon commercial production of at least 5,000 ounces of gold from White Dam.The company said it will use to proceeds to advance its Drummond Basin gold assets.The company added that the stage 1 drilling campaign at its Twin Hills project remains ongoing and is designed to grow the existing resource base and follow-up high-priority extensions at both the 309 and Lone Sister deposits, as well as test new regional targets within the mineralized gold corridor.GBM Resources' shares fell past 3% in recent Monday trade.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}