Bulletin Resources - Market Briefing
BULLETIN RESOURCES - MARKET BREIFING
- Acquisition of 100% of Nicolson's Gold Project and surrounding tenements near Halls Creek during 2010
- Successful $10 million IPO and ASX Listing in December 2010
- Mineral Resource of 1mt at 5.2 g/t AU (for total of 169,500 ounces)
- 11,500m drilling campaign commenced in late April 2011
- Results to date have validated and expanded extent of high grade lodes below former open pit
- High (<95%) gold recoveries from initial cyanide leach test work of sulphide-rich transition and primary mineralisation
- Successful mechanical and electrical testing of 120,000 tpa processing facility
- Resource model update, mine planning and approvals kick off to commence in September quarter 2011
Optiro independently estimated in accordance with JORC Code (2004) in September 2010 to report that the cut-off grade of >0.5/t AU for open pit and ?3g/t AU for underground
For further information please refer to the attached Bulletin Resources_ Market Briefing.