Welcome to
Greater Bendigo Gold Mines Limited
An ASX listed company (ASX:GBM).
GBM’s primary focus is:
- The building of a strong gold production base in central Victoria, Australia.
GBM presently has a focus on 9 distinct gold projects.
These projects are at a mix of development stages, with some projects about to go in to production and others in later or earlier analysis, exploration or development phases.
All projects at present are within approximately a one hour drive of Bendigo City.
In addition to its primary focus on gold production, GBM has :
- a secondary focus on dealing in industrial materials, mainly sands and gravels, which are by-products derived from some of its gold operations and can be profitably sold.
- a further focus of investing in stand-alone operations in or related to the gold sector where value can be delivered to GBM operationally and/or financially.
The current 9 projects, of which at present 7 are 100% owned and 2 are JV’s, and the status of these projects are summarised below:
| Close to production: | 1. | Inglewood - flagship project, will be in production Q1 2008 (includes Wedderburn and Kingower tenements) |
| Advanced analysis: | 2. | ISG (includes Maryborough, Beavis, and other tenements under option/negotiation to extend the ISG resource) |
| 3. | Fiddlers Creek | |
| 4. | Wilson Hill | |
| 5. | Laura | |
| 6. | Sebastian JV 25% | |
| Early stage analysis: | 7. | Diamond Hill |
| Still underway | 8. | Kamarooka |
| 9. | Harvest Home JV & Queens Birthday JV (each 50%) |
At various of its more advanced projects GBM & its subsidiary companies own substantial mining and processing plant & equipment, including the new Maxwell processing plant which is about to be completed at Inglewood and will allow production at the Inglewood project to commence in the first quarter 2008.
GBM has a further investment in 50% of a mineral recovery technology business Mineral Resources Technologies.
The Company has a highly focused, Bendigo based management, finance and administration team. They operate from the head office at 129 Queen St, Bendigo - suitable premises, owned by the company.
GBM’s geology and planning team are also based from the head office, and are respectively engaged in:
- managing the ongoing exploration and analysis programs being prepared and undertaken for the various projects. including computer modeling, drilling, mapping and sampling programs are ongoing.
- Planning applications and submissions in respect of exploration and development.
GBM’s main operational focus at present is on its flagship Inglewood Project where a growing mining team is deployed developing both access to various mineralized shoots on three levels within the Maxwell's Mine and stoping and ore recovery passes for ore production. A separate processing team is helping contractors complete the new Maxwell processing plant which will be commissioned in first quarter 2008. Gold production is to commence on tailings and ore from the Maxwell mine and other surface deposits as they come online.