Gibb River Diamonds Proposes Name Change to GIB Mining Limited at 2026 AGM

Aditi Sarkar

03 November 2026 08:45 PM AEDT

Gibb River Diamonds Proposes Name Change to GIB Mining Limited at 2026 AGM

Image Source: Krish Capital Pty Ltd

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Gibb River Diamonds Limited (ASX:GIB) has disclosed a proposed company name change to GIB Mining Limited, put to shareholders at its 2026 Annual General Meeting, with the company reporting a cash position of $6.35 million as of 30 September 2026 and no debt as it pursues gold sector acquisitions in Western Australia.

Key Points

The company is proposing to rename from Gibb River Diamonds Limited to GIB Mining Limited, with the ASX code GIB to be retained.
Cash position of $6.35 million as of 30 September 2026, with no debt and 214,509,445 shares on issue.
The company received a $7,000,000 payment from the GIB Neta Mining JV in March of the current financial year.
The board's current acquisition focus is on the West Australian gold sector.

Proposed Name Change to GIB Mining Limited

Executive Chairman Jim Richards addressed shareholders at the 2026 AGM, stating that the proposed new name of GIB Mining Limited better reflects the future direction of the company. The board confirmed its intention to retain the existing ASX code GIB for continuity purposes. A new company logo was also presented as part of the renaming proposal. The filing describes the name change as reflecting a significant change in strategic direction within the company over the past year, with a focus on seeking acquisitions in the gold sector.

Cash Position and Capital Structure at 30 September 2026

According to the filing, as of 30 September 2026, the company held $6.35 million in cash, carried no debt, and had 214,509,445 shares on issue. The filing also disclosed that the company received a $7,000,000 payment from the GIB Neta Mining JV in March of the current financial year. The JV is situated in the Eastern Goldfields of Western Australia. The filing states that high gold prices realised from gold sold earlier in the financial year enhanced this payment from the joint venture to the company.

West Australian Gold Sector Acquisition Focus

The filing states that the board believes the best shareholder returns will be achieved via the acquisition of a quality new project, with the current emphasis on the West Australian gold sector. According to the chairman's address, the company spent considerable time reviewing and visiting possible acquisition opportunities during the previous quarter. The board aims to acquire a project described as both the best possible value and a good technical and corporate fit for GIB. The filing also notes that the company is seeking to acquire new gold projects during a period of what it describes as significantly lower gold prices.

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