Bulletin Resources Limited · ASX:BNR
Bulletin Resources — Shareholder Meeting (November 2011)
21 slides from Bulletin Resources's shareholder meeting presentation, Nov 21, 2011
Slide 1: Annual General Meeting
For personal use only Annual General Meeting Martin Phillips, Managing Director 21 November 2011 Bulletin Resources Limited Unit A8, 435 Roberts Rd, Subiaco WA 6008 | phone (08) 9388 6921 | fax (08) 6316 3337| www.bulletinresources.com
Slide 2: Disclaimer
Disclaimer For personal use only This document has been prepared by Bulletin Resources Ltd (ACN 144 590 858) (Bulletin or the Company). No party other than Bulletin has authorised or caused the issue of this document, or takes responsibility for, or makes any statements, representations or undertaki
Slide 3: Our Business Strategy
Our Business Strategy For personal use only 1 Fast track Nicolson’s Gold Project to production Investigate development options and optimise mine plan Expedite approvals for mining and processing Recommission the plant for modest capital outlay 2 Profitability and Growth Expand resource inv
Slide 4: 2011 Highlights
2011 Highlights For personal use only Resource increased 47% since listing to: • 1.4mt at 5.6g/t Au for 248,500oz Mining feasibility study underway Low capital requirements with major infrastructure already in place; • 120,000 tpa CIP facility • 2 MVA power station • Water bores, telecommunica
Slide 5: 2011 Progress
2011 Progress For personal use only Resource Drilling 16,000 metres of RC drilling completed since April 12,000 metres resource expansion program recently completed. Results pending Feasibility Study Open pit and underground mining study being managed by AMC Consultants Geotechnical study be
Slide 6: 2011 Progress (cont'd)
2011 Progress (cont’d) For personal use only Permitting D. E. Cooper and Associates preparing new tails dam design and geotechnical assessment Keith Lindbeck and Associates completed site flora and fauna surveys Rockwater appointed for hydrology studies 6
Slide 7: 2011 Progress (cont'd)
2011 Progress (cont’d) For personal use only Successful testing of processing facility 2.1 MVA power station was re- energised and the crushing, mill, leach circuits restarted Ore characterised as free-milling Laboratory scale testing of oxide, transitional and primary mineralisation returns hig
Slide 8: Project Road Map
Project Road Map For personal use only Final Options Study Feasibility Authorisation Mine optimisations Mine design and schedule Engineering design Major Activities Plant condition testing Metallurgical/geotech testing Equipment sourcing Infrastructure testing Infrastructure strategy
Slide 9: Exploration Upside
Exploration Upside For personal use only Resource comprises a series of north-plunging lodes hosted along +2km long structure All lodes remain open at depth Limited drilling completed along strike of host structure Numerous untested mineralised targets within greater lease area 9
Slide 10: Regional Potential
Regional Potential For personal use only Project located in historic Halls Creek goldfield, site of WA’s first gold discovery Only other recent gold mine development was at Palm Springs during the 1990s Numerous acquisition opportunities 10
Slide 11: Outlook
Outlook For personal use only Nicolson’s mining feasibility on track for Q1 2012 Statutory approvals for mining to be initiated Investment decision subject to approvals and finance Results from resource expansion drilling Initiate exploration over satellite targets Acquire additional pro
Slide 12: APPENDIX
For personal use only APPENDIX 12
Slide 13: 2011 Resource
2011 Resource For personal use only Grade Prospect Category Tonnes Ounces (g/t Au) Nicolson’s Open pit Indicated 520,800 5.70 95,400 Open pit Inferred 37,300 2.74 3,300 Total open pit 558,100 5.50 98,700 Underground Indicated 131,900 5.56 23,600 Underground Inferred 474,700 6.04 92,200 Total undergr
Slide 14: 2011 Resource (cont'd)
2011 Resource (cont’d) For personal use only Grade Prospect Category Tonnes Ounces (g/t Au) Wagtail area Open pit Indicated 16,700 7.56 4,000 Open pit Inferred 73,600 5.36 12,700 Total open pit 90,300 5.76 16,700 Underground Indicated - - - Underground Inferred 29,300 6.27 5,900 Total underground 29
Slide 15: Nicolson's Long Section
Nicolson’s Long Section For personal use only 19 200mN 19 400mN 19 600mN 19 800mN 300mRL Open Pit Production: 92,000t at 7.71 g/t Au 200mRL Main Lode Southern Lode 100mRL Foot Wall Lode Planned Drilling 0mRL Legend 0.5 – 10.0 Au gram-metres 10.0 – 20.0 Au gram-metres 0 Metres 100 > 20.0 Au gram-metr
Slide 16: Rowdies Long Section
Rowdies Long Section For personal use only 18 400mN 18 450mN 18 500mN 18 550mN 18600mN Open Pit Production: 12,000t at 2.2 g/t Au 6m @ 1.8 g/t Au Planned Drilling Planned Drilling 12m @ 2.8 g/t Au 6m @ 5.8 g/t Au 250mRL 7m @ 3.8 g/t Au 4m @ 12.4 g/t Au 4m @ 27.5 g/t Au 5m @ 2.0 g/t Au 4m @ 7.4 g/t A
Slide 17: Wagtail Long Section
Wagtail Long Section For personal use only 300mRL 18100mN 18200mN 18300mN 18400mN 3m @ 18.9 g/t Au ` 3m @ 27.9 g/t Au 3m @ 22.9 g/t Au 1m @ 24.3 g/t Au Planned Drilling 2m @ 20.9 g/t Au 2m @ 25.6 g/t Au 5m @ 10.5 g/t Au 17m* @ 21.8 g/t Au Planned Drilling 2m @ 10.3 g/t Au 6m @ 21.0 g/t Au 2m @ 9.0 g
Slide 18: Exploration Potential
Exploration Potential For personal use only 18 000mN 18 500mN 19 000mN 19 500mN 20 000mN 2.5 km Limit of current drilling Untested Potential Mill 800 m Wagtail Rowdies Nicolson’s Depth 200m 400m 600m 18
Slide 19: Exploration Potential
Exploration Potential For personal use only 19
Slide 20: Competent Persons Statement
Competent Persons Statement For personal use only The information in this table 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.
Slide 21: Investment and Media inquiries
For personal use only Investment and Media inquiries: Martin Phillips Managing Director Email: mphillips@bulletinresources.com Bulletin Resources Limited Unit A8, 435 Roberts Rd, Subiaco WA 6008 | phone (08) 9388 6921 | fax (08) 6316 3337| www.bulletinresources.com 21
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