Jan 5 (Reuters) - Gold Road Resources Ltd GOR.AX :
* 2016 exploration budget update GOR.AX
* Has committed to spending in excess of $10 million on exploration in western Australia's yamarna belt in 2016
* "Studies are progressing with the aim to bringing the gruyere project into production in 2018"
* Source text for Eikon ID:nASX5LVMYz