GBZ 0.00% 0.8¢ gbm resources limited

Ann: Completion of White Dam Gold-Copper Project Acquisition, page-3

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  1. 5,249 Posts.
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    Time to increase production and begin copper concentrate sales.

    "It has produced a total of 1,394 gold ounces (to 30 June 2021) together with approximately 95 tonnes of copper in concentrate (stockpiled at site).

    Gold sales revenue for the White Dam JV (to 30 June 2021) totals ~A$3.35 million. The final gold pour in June 2021 was reduced due to completion being delayed to end of July 2021.

    The White Dam JV is still finalising smelter terms in Australia for the first shipment of copper concentrate expected to be delivered to the customer as soon as final product classifications are received.

    From 30 July 2021, GBM will be responsible for 100% of site costs and entitled to 100% of gold and copper production from this date forward."
 
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