BULLETIN RESOURCES LIMITED - MARKET BRIEFING DECEMBER 2011
Investment Highlights
- Feasibility study in progress
- Open pit & underground mining development for Nicolson's
- Shallow open pit options for Wagtail and Rowdies
- Infrastructure in place
- 120,000 tpa CIP facility
- 2 MVA power station
- Water bores, telecommunications
- Upside potential
- Resource remains open at depth
- Numerous untested targets along strike
- Acquisitions and JVs
Mineral Resource reported at > 0.5 g/t Au for open pit (constrained by conceptual pit shell) and > 3 g/t Au for underground
Independently estimated in accordance with JORC Code (2004) by Optiro in Sept 2011
The information that relates to Mineral Resources is based on information compiled by Mr Ian Glacken, who is a Fellow of the AusIMM. Mr Glacken is a full time employee of Optiro Pty Ltd where he holds the title of Principal Consultant. Mr Glacken has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code 2004). Mr Glacken consents to the inclusion in this table of the matters based on his information in the form and context in which it appears.
For further information, please read the attached full Market Briefing by Bulletin Resources Limited.