GBR has consolidated a high quality portfolio of five exploration gold projects in the world-class gold camps of the Eastern Goldfields, Western Australia.
The Company has acquired 100% of the Jundee South Project and has the right under joint venture agreements to acquire an initial 75% interest in each of the other four projects (Balagundi, Broadwood, Tarmoola and Yamarna). Prior to completing its earn-in, the Company has the sole right to manage and explore the projects under joint venture.
At the core of the Company’s exploration strategy is a focus on working within well-endowed gold districts, preferably in close proximity to major gold mines. Currently the Company holds interests in projects in proximity to:
The Company intends to explore its Project portfolio using cutting-edge exploration techniques, initially focusing on its more advanced Projects. Its primary objective is to delineate a significant gold resource base from its existing portfolio and to subsequently develop one or more of the projects to a decision to mine.
Importantly, the Company has secured the Balagundi Project as its flagship project. It is an advanced stage exploration project and contains several high grade gold drilling intersections along the strike extent of the historical Mount Bellew underground gold mine. The project has not yet been systematically drill tested and has the potential to host a substantial high-grade, narrow-vein style gold deposit from surface.
The Company’s flagship Balagundi Project is located approximately 20 kilometres east of the Kalgoorlie Super Pit and the township of Kalgoorlie in the Eastern Goldfields District of Western Australia.
The Broadwood Project is situated between the historical Binduli gold mining centre and the Golden Mile/Kalgoorlie Super Pit immediately alongside the township of Kalgoorlie.
The Jundee South Project is located east of Wiluna in the Eastern Goldfields district of Western Australia, approximately 10 kilometres along strike from the Jundee Gold Mine operated by Northern Star Resources Limited.
The Tarmoola Project is located approximately 40 kilometres north-west of Leonora, just west of the King of Hills Gold Mine (formerly known as Tarmoola) operated by Red 5 Limited and the Gwalia Underground Gold Mine operated by St Barbara Limited.
The Yamarna project is located approximately 130 kilometres east of Laverton, and approximately 30 kilometres west of the Gruyere gold deposit in the Eastern Goldfields District of Western Australia.