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Last A$0.03 AUD
Change Today 0.00 / 0.00%
Volume 0.0
GME On Other Exchanges
As of 8:26 PM 08/24/15 All times are local (Market data is delayed by at least 15 minutes).

gme resources ltd (GME) Snapshot

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06/2/15 - A$0.08
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11/26/14 - A$0.02
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gme resources ltd (GME) Details

GME Resources Limited, together with its subsidiaries, engages in the investment and exploration of mineral properties in Australia. It primarily explores for nickel and gold ores. The company owns a 100% interest in the NiWest Nickel Laterite project with a land holding of approximately 500 square kilometers located in the North Eastern Goldfields of Western Australia; and owns various gold projects located in the Leonora, Laverton region. GME Resources Limited is based in Fremantle, Australia.

gme resources ltd (GME) Top Compensated Officers

Managing Director and Executive Director
Total Annual Compensation: A$120.0K
Company Secretary
Total Annual Compensation: A$60.0K
Compensation as of Fiscal Year 2014.

gme resources ltd (GME) Key Developments

GME Resources Limited Announces Production Results of Devon Gold Mine

GME Resources Limited announced that results from the trial mining operation completed at the Company's 100% owned Devon Gold Mine earlier this month. The primary goal of the project was to generate cash flow to support the Company's NiWest Nickel Project and an expansion of the Devon mine. The operation, which included site set up, mining, haulage and processing was completed in a 30 day turn around. Results from Trial Mining Operation: Processed - 13,590 Dry tonnes averaging 5.36 g/t (recovered grade); Production - 2,195 fine ounces; Total Cost per Ounce - $810 (including capital); Surplus from Operation - $1.57 million; Plant Recovery - 93.8%. The trial open pit was designed to exploit high grade gold mineralization that was exposed from surface. Ore produced from the mine was transported to Goldfield's Darlot plant site where it was processed under a Toll Milling Agreement. Gold recovery from the processing averaged 93.8% in line with the initial metallurgical test work. Head grade from the mine averaged 5.75 g/t providing a positive reconciliation to the ore block model. Operating costs for the project came in at $745/ounce with a further $65/ounce capital costs. Total revenue from the sale of the gold was $3.35 million. Work has commenced on the approval process for an expansion of the current open pit. Mineralization of similar grade below the pit floor has been drilled out to a depth of 45 metres below surface. Optimisation studies utilising costs and recovery parametres from the trial mine will be used to develop a high level financial model for the expanded mine operation. Results from this work is expected to be completed by the end of the month.

GME Resources Ltd. Reports Consolidated Earnings Results for the Half Year Ended December 31, 2014

GME Resources Ltd. reported consolidated earnings results for the half year ended December 31, 2014. For the period, the company reported revenue of AUD 215,263 against AUD 207,798 a year ago. Profit before income tax was AUD 71,404 AUD 65,341 a year ago. Net profit for the half year was AUD 71,404 against AUD 342,503 a year ago. Basic and diluted profit per share attributable to the ordinary equity holders of the company was 0.02 cents against loss of 0.09 cents a year ago. Net cash outflow from operating activities was AUD 1,091,376 against AUD 365,557 a year ago. Purchase of intangible assets was AUD 18,453.

GME Resources Limited Announces Address Change to its Registered Office

GME Resources Limited announced that the change to its registered office details: Principal and Registered Office: GME Resources Limited Unit 5, 78 Marine Terrace, Fremantle WA 6160.


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Price/Sales 96.2x
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