Bulletin Resources Limited · ASX:BNR
Bulletin Resources — Investor Presentation (June 2013)
27 slides from Bulletin Resources's investor presentation, Jun 11, 2013
Slide 1: Rights Issue Investor Presentation
For personal use only Rights Issue Investor Presentation June 2013 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: Advancing Gold Production in the Kimberley
For personal use only Advancing Gold Production in the Kimberley The Opportunity Open Pit Strategy Underground Potential The Offer Lamboo Project Potential Regional Potential Entitlement Offer Use of Funds The Strategy Company Strategy Achievements Market Performance 3
Slide 4: Company Strategy
Company Strategy For personal use only Bulletin remains committed to the Lamboo Project and is focussed on delivering its strategy 1 Advancing Lamboo Gold Project to production Review development options and optimise mine plan Expedite approvals for mining and processing Recommission the oper
Slide 5: Achievements
Achievements For personal use only Bulletin continues to hit its milestones and meet expectations • Drilling commenced - April 2011 • Plant successfully energised and tested - July 2011 • Options study completed - October 2011 • Acquisition of satellite Golden Crown open pit resource – March 2012 •
Slide 6: Market Performance
Market Performance For personal use only BNR share price relative to S&P/ASX All Ords Gold (XGD) Source www.asx.com.au Despite on-going positive achievements, Bulletin’s share price has steadily declined in line with the broader gold sector Regular news flow, capital management initiatives and p
Slide 7: Gold Price
Gold Price For personal use only A lower gold price has resulted in a reassessment of the Lamboo development strategy Australian Dollar Gold Price $/oz 1,800 1,700 Sep 2012 Feasibility Study gold price range (A$1,650 - $1,750/oz) 1,600 1,500 1,400 1,300 Sep-12 Oct-12 Dec-12 Jan-13 Mar-13 May-13 Ou
Slide 8: Board and Management
Board and Management For personal use only Bulletin’s accomplished management team remains focussed on building shareholder value Phil Retter – Non-executive Chairman Geologist with over 27 years experience in exploration, mining, consulting and corporate finance. Direct involvement in numerous su
Slide 9: Advancing Gold Production in the Kimberley
For personal use only Advancing Gold Production in the Kimberley The Opportunity Open Pit Strategy Underground Potential The Offer Exploration Potential Regional Potential Entitlement Offer Use of Funds The Strategy Company Strategy Achievements Market Performance 9
Slide 10: Entitlement Offer
Entitlement Offer For personal use only Seeking to raise a further $1.67 million to advance the Lamboo development strategy Non Renounceable Pro-rata Rights Issue Indicative Capital Structure In light of the weak share price, existing Total Shares on issue at 31 May 2013 111.35 million shareholder
Slide 11: Use of Funds
Use of Funds For personal use only Our aim is to be “development ready” at final authorisation Options Study Feasibility Final Authorisation Mine optimisations Mine design and schedule Final design Major Activities Plant condition testing Metallurgical/geotech testing Equipment sourcing
Slide 12: Advancing Gold Production in the Kimberley
For personal use only Advancing Gold Production in the Kimberley The Opportunity Open Pit Strategy Underground Potential The Offer Lamboo Project Potential Regional Potential Entitlement Offer Use of Funds The Strategy Corporate Strategy Achievements Market Performance 12
Slide 13: Large Open Pit Strategy
Large Open Pit Strategy For personal use only Revised mine plan now includes a larger open pit at Nicolson’s Find 19000mN 19200mN 19400mN 19600mN 19800mN 19 000mN 19 200mN 19 400mN 19 600mN 19 800mN 300mRL Open Pit Production: 92,000t at 7.71g/t Au 2m at 38.0g/t Au 4m at 22.3g/t Au 200mRL 3m at 15.0
Slide 14: Wagtail
Wagtail For personal use only Larger open pit options pending assessment at Wagtail 17 800mN 18 000mN 18 200mN 17790mN 17850mN Wagtail South Wagtail North Open Pit Production: Creek Open Pit Production: 300mRL 10,400t at 2.7g/t Au 4,100t at 3.8g/t Au 3m at 7.2g/t Au 4m at 12.9g/t Au 2m at 1.9g/t Au
Slide 15: Underground Potential
Underground Potential For personal use only All resources remain open at depth and are limited by extent of drilling Independent study estimates total potential of all exploration targets within the Lamboo Project at approximately 4 to 7 million tonnes at an average grade of 5.2 to 5.4g/t Au for 0
Slide 16: Underground Potential (cont.)
Underground Potential (cont.) For personal use only In 2 years, the Nicolson’s resource has grown by over 50% 19000mN 19200mN 19400mN 19600mN 19800mN Extent of Nicolson’s resource Planned underground in 2010 development 0 50 100m -200m Scale Current extent of Nicolson’s 0 50 100m resource -400m Scal
Slide 17: Case Study - Daisy Milano
Case Study 1 - Daisy Milano For personal use only Despite the small surface footprint, Daisy Milano continues to impress at depth 19000mN 19200mN 19400mN 19600mN 19800mN Limit of underground development in 2008 Current extent of Nicolson’s resource -200m -200m0 50 100m Scale Target -400m Area 0 50 1
Slide 18: Case Study – Paulsen's
Case Study 2 – Paulsen’s For personal use only Paulsen’s has demonstrated remarkable down-plunge continuity 19200mN 19400mN 19600mN 19800mN Limit of underground development in 2010 Current limit of Nicolson’s resource 0 50 100m -200m -200m Scale Target Area 0 50 100m -400m -400m Scale -600m Daisy Co
Slide 19: Lamboo Project Potential
Lamboo Project Potential For personal use only 5km long zone of well-mineralised but lightly explored granite contact 19
Slide 20: Regional Potential
Regional Potential For personal use only Extensive historic goldfield subjected to limited modern day exploration 20 km Image: courtesy Google Halls Creek Line of extensive alluvial workings 200oz Au 1,280oz Au 7,900oz Au 73,000oz Au 20 Source: Department of Mines and Petroleum, Bulletin Resources
Slide 21: The Opportunity
The Opportunity For personal use only All key elements in place for delivering on our strategy 100% ownership of Lamboo Project – all resources within granted mining leases Infrastructure in place - only gold processing facility in the region Project will be “development ready” in coming month
Slide 22: 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 22
Slide 23: Appendices
For personal use only APPENDICES 23
Slide 24: Ore Reserve Inventory
Ore Reserve Inventory For personal use only Gold Grade Contained Gold Prospect Category Tonnes (g/t Au) (oz) Nicolson’s Find Pit Open pit Probable 92,000 5.9 17,000 Nicolson’s South Pit Open pit Probable 268,000 4.4 38,000 Rowdies Pit Open pit Probable 19,000 2.0 1,000 Wagtail North Pit Open pit Pro
Slide 25: Mineral Resource Inventory
Mineral Resource Inventory For personal use only Grade Prospect Category Tonnes Ounces (g/t Au) Nicolson’s Find & South Open pit Indicated 333,000 5.5 59,000 Open pit Inferred 16,000 2.7 1,000 Total open pit 349,000 5.4 60,000 Underground Indicated 406,000 6.5 85,000 Underground Inferred 372,000 5.7
Slide 26: Mineral Resource Inventory (cont.)
Mineral Resource Inventory (cont.) For personal use only Grade Prospect Category Tonnes Ounces (g/t Au) Wagtail area Open pit Indicated 137,000 4.5 20,000 Open pit Inferred 9,000 1.7 - Total open pit 146,000 4.3 20,000 Underground Indicated 98,000 4.8 15,000 Underground Inferred 9,000 4.9 1,000 Tota
Slide 27: Competent Persons Statement
Competent Persons Statement For personal use only The information in this presentation that relates to Exploration Targets and in this table that relates to the Lamboo Project Mineral Resources is based on information compiled by Mr Ian Glacken, who is a Fellow of the Australasian Institute of Minin
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