Australia's GBM Resources rises on deal to sell Queensland project

Gbm Resources

15/01/2026 24:45

** Shares of GBM Resources GBM.AX rise as much as 10.5% to A$0.042, hitting their highest level since Nov. 12

** Stock logs its biggest intraday pct gain since Jan. 7

** Mineral explorer signs deal with unit of gold miner Evolution Mining EVN.AX for sale of co's Cloncurry project in Queensland

** Says divestment for A$500,000 ($334,200.00)

** Stock rose more than 280% last year

($1 = 1.4961 Australian dollars)

(Reporting by Rajasik Mukherjee in Bengaluru)

((Rajasik.Mukherjee@thomsonreuters.com))