cr124038

This is the final report for work completed at EPM 19849 Moonmera. Rio Tinto Exploration (RTX) was granted EPM 19849 on 12 April 2013 to explore the Moonmera prospect for copper porphyry mineralisation. In February 2016 the tenement was transferred to GBM Resources Ltd. EPM 19849 was purchased from Rio Tinto for an equivalent value in GBM ordinary shares with the terms of the acquisition including a Net Smelter Royalty (1%) on all minerals produced from the project area and a Vendor Back-in Option. An overlying application (EPM 27098) was granted on the 16th December 2020 to GBM and EPM 19849 was subsequently surrendered under Conditional Surrender conditions. The Moonmera Project is one of the largest known mineralised porphyry copper systems in eastern Australia. The single tenement (EPM 19849) formed part of GBM’s Mount Morgan porphyry copper-gold project