GME Resources Limited
GMRSF
Other OTC0.04
USD
- -
- -
Return %
Stock
S&P500
1Y
- -
19.01
3Y
- -
65.48
5Y
- -
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Mark Edward Pitts B Bus, FCA, GAICD
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 45 Stirling Highway Perth WA Australia 6009
- IPO Date
- Feb 1, 2018
- Website
- gmeresources.com.au
- Similar Companies
- Business
- Alliance Nickel Limited (ASX: AXN), formerly GME Resources Limited, explores and develops nickel and cobalt mineral properties in Australia with a focus on battery-grade products. The company holds 100% interest in the NiWest Nickel-Cobalt Project near Leonora in Western Australia's nickel belt, adjacent to Glencore's Murrin Murrin operation; this flagship asset comprises one of Australia's highest-grade undeveloped nickel laterite resources, estimated at 85.2 million tonnes grading 1.03% nickel and 0.06% cobalt, supporting heap leach processing to produce approximately 90,000 tonnes of nickel sulphate and 7,000 tonnes of cobalt sulphate annually. NiWest targets electric vehicle battery manufacturers and critical minerals supply chains, leveraging proximity to established infrastructure including rail, gas pipelines, roads and ports; the project received Major Project Status from the Australian federal government in 2024, facilitating regulatory approvals and highlighting its strategic economic contributions, including up to 600 construction jobs and 300 operational roles. Alliance Nickel completed a Definitive Feasibility Study for NiWest in November 2024, confirming commercial viability with strong ESG attributes and upside potential; the company rebranded from GME Resources Limited in January 2023 to reflect its refined battery metals focus. In April 2023, Alliance Nickel entered a binding offtake agreement with Stellantis N.V. for 170,000 tonnes of nickel sulphate and 12,000 tonnes of cobalt sulphate over five years, representing about 40% of projected output, alongside a €9.2 million equity investment granting Stellantis an 11.5% stake and board representation; Stellantis terminated this agreement in November 2025 due to missed milestones amid challenging nickel market conditions and financing delays, with both parties open to renegotiation aligned to revised timelines. Founded in 1980 and headquartered in Nedlands, Western Australia, Alliance Nickel operates solely in Australia, pursuing additional partnerships and financing to advance NiWest toward production.