WWL and GBM executed Farm-in Agreement to Advance the Twin Hills Gold Project

VI Group warmly congratulates Wise Walkers Ltd (WWL), a Hong Kong-based company, and GBM Resources Limited (ASX: GBZ) on officially signing the Farm-in Agreement for the Twin Hills Gold Project on 21 October 2024.

Under the terms of the agreement, WWL will pay AUD 6 million in cash to GBM and independently invest an additional AUD 6 million in exploration activities within 18 months, in exchange for a 70% joint venture interest in the Twin Hills Project. GBM will retain a 30% free-carried interest until a mining decision is made. This partnership builds upon the strategic intent reached between the two parties in 2024 and marks a significant step in WWL’s investment in Australia’s resource sector.

**Figure: Official announcement from GBM confirming the signing of the Farm-in Agreement with WWL for the Twin Hills Gold Project**

The Twin Hills Project hosts a combined resource of 23.11 million tonnes, with average grades of 1.3 grams per tonne (g/t) gold and 6.5 g/t silver, amounting to a total of 999,200 ounces of gold and 4,824,600 ounces of silver. Notably, 60% of the resource is now in “Measured” and “Indicated” categories.

**Image: Mineral Resource Estimate (MRE) of the Twin Hills Project showing Gold (Au) and Silver (Ag) resources**

**Image: Twin Hills Corridor – Soil Gold Anomalies and Key Target Areas Map**

Since 2024, VI Group has served as WWL’s strategic and technical advisor for mineral investments in Australia and has supported the entire process leading to this transaction. We believe the execution of this agreement will not only accelerate exploration efforts at the Twin Hills Project but also represent a major milestone in WWL’s global resource allocation strategy.

We sincerely congratulate WWL and GBM on entering this new chapter of collaboration and look forward to witnessing more high-quality outcomes in the future!