GBM Resources (GBM) Q4 2026 TU earnings summary

Executive summary

• Focused on expanding gold resources in Queensland's Drummond Basin, especially Twin Hills and Yandan projects.

• Stage 2 drilling at Twin Hills (Lone Sister and 309) extended mineralisation and confirmed higher-grade continuity.

• Commenced 8,000m Stage 1 drilling at Yandan, targeting high-grade East Hill resource and broader hydrothermal system.

• Regional exploration and geophysical surveys identified multiple new drill-ready targets.

Financial highlights

• Cash position of $31.7 million and listed investments of $1.65 million as of 30 June 2026.

• No debt at quarter end, supporting accelerated exploration and drilling.

• Net cash outflow from operating activities was $492,000 for the quarter.

• Net cash outflow from investing activities was $5.3 million for the quarter, mainly for exploration and evaluation.

• Seven quarters of funding available at current expenditure rates.

Outlook and guidance

• Continued assay results expected from ~12,000m of pending Twin Hills drilling.

• Updated Twin Hills MRE planned for Q4 2026; updated East Hill MRE expected H1 2027.

• Ongoing regional exploration and prioritisation of over 20 mineralised prospects.

• First Yandan East Hill assay results expected in September 2026.