Bulletin Resources Limited · ASX:BNR
Bulletin Resources — RIU Explorers Conference 2023
19 slides from Bulletin Resources's conference presentation, Feb 15, 2023
Slide 1: RIU Explorers
RIU Explorers February 2023 For personal use only Mr Mark Csar CEO ASX:BNR www.bulletinresources.com
Slide 2: Disclosures & Important Information
Disclosures & Important Information For personal use only This presentation has been prepared by Bulletin Resources Limited (ABN 81 144 590 858; BNR, Bulletin or the Company). It contains general information about the Company's activities current as at the date of the presentation. The information i
Slide 3: BNR Corporate Snapshot
BNR Corporate Snapshot A well funded lithium and gold explorer For personal use only Cash, shares and receivables $12.5 million (31 December 2022) Issued Shares Ordinary Shares 293.6M Listed Options (10c) 71.6M Unlisted Options (10 - 18.5c) 11.8M Top 20 shareholders 47% Market Capitalisation (@ $0.1
Slide 4: One of WA's most prospective spodumene lithium projects
Ravensthorpe Lithium Project One of WA’s most prospective spodumene lithium projects For personal use only Awaiting drilling approvals 100% Bulletin owned WA is tier 1 jurisdiction Near potential future processing facilities Surface mineralisation suggesting strong potential at depth Coars
Slide 5: Nearby mine geology used as an exploration model
Ravensthorpe Lithium Project Nearby mine geology used as an exploration model For personal use only Mt Cattlin Mt Cattlin (ASX:AKE) 13.3Mt @ 1.2% Li2O Pegmatite geology • Spodumene bearing with lepidolite to NE • Gently dipping • Numerous • Stacked • Variable thickness (pinch and swell) An Explorati
Slide 6: Eastern pegmatite trend has highest Spodumene grades
Ravensthorpe Lithium Project For personal use only Eastern pegmatite trend has highest Spodumene grades High grade spodumene lithium up to 7.04% Li2O in rock chips Eastern Pegmatite Trend hosts spodumene bearing pegmatites • Over 4km strike length • Over 100 pegmatite outcrops found to date • High g
Slide 7: Big Pegmatite - A concentrated, stacked swarm of spodumene bearing pegmatites
Ravensthorpe Lithium Project For personal use only Big Pegmatite - A concentrated, stacked swarm of spodumene bearing pegmatites Best Grades up to 7.04% Li2O Big Pegmatite is a ~500m x 700m concentrated pegmatite swarm ~40 stacked pegmatites: • Mineralised pegmatites with very coarse grained Spodume
Slide 8: Eastern Pegmatite Trend
Ravensthorpe Lithium Project For personal use only Eastern Pegmatite Trend Examples of coarse grained spodumene coarse spodumene crystals 8
Slide 9: Western Pegmatite Trend - Lepidolite grades to 4.5% Li2O
Ravensthorpe Lithium Project For personal use only Western Pegmatite Trend Lepidolite grades to 4.5% Li2O Western Pegmatite trend is lepidolite dominant • Historical costean result of 10m @ 1.1%Li2O • High grade Lepidolite rock chips 4.50% Li2O 3.09% Li2O 2.85% Li2O 2.79% Li2O 2.68% Li2O 2.39% Li2O
Slide 10: Western Pegmatite Trend - Spodumene grades to 4.81% Li2O
Ravensthorpe Lithium Project For personal use only Western Pegmatite Trend Spodumene grades to 4.81% Li2O Newly discovered Spodumene pegmatite • Spodumene rock chip grades: 4.81% Li2O 4.67% Li2O 4.31% Li2O 3.54% Li2O • 100m outcropping Spodumene bearing pegmatite • Discovered near southwestern tenem
Slide 11: Western Pegmatite Trend
Ravensthorpe Lithium Project For personal use only Western Pegmatite Trend Spodumene and Lepidolite bearing Pegmatites Lepidolite in pegmatite Finer grained spodumene Spodumene Coarse in pegmatite spodumene Finer grained spodumene 11
Slide 12: Excellent Indicative Metallurgical Characteristics
Ravensthorpe Lithium Project For personal use only Excellent Indicative Metallurgical Characteristics High Quality Spodumene Product > 6% Li2O, < 1% Fe2O3 Indicative Testwork demonstrates: SG 3.0 Heavy Liquid Separation 6.96% Li2O • Pegmatite amenable to Conventional Processing Methods • Excellent c
Slide 13: Heritage and Spring Environmental Surveys complete and submitted
Ravensthorpe Lithium Project For personal use only Heritage and Spring Environmental Surveys complete and submitted Drilling to commence upon approvals Drilling to test depth extensions of the Eastern Pegmatite Trend • Consent to explore the Cocanarup Timber Reserve provided as part of tenement cond
Slide 14: Expanding the potential of Ravensthorpe
Ravensthorpe Lithium Project For personal use only Expanding the potential of Ravensthorpe New target areas defined and ready to be tested LIDAR and high-resolution imagery surveys completed • over 50 new pegmatite targets identified • Surveys led to new spodumene pegmatite find • Potential for a th
Slide 15: Expanding the potential of Ravensthorpe - New prospective tenements
Ravensthorpe Lithium Project For personal use only Expanding the potential of Ravensthorpe New prospective tenements New regional opportunities targeted - strong balance sheet permits further acquisitions • New tenement E74/680 • Cleared agricultural cropping land • Land access agreements in place •
Slide 16: Lake Rebecca Gold Project
Lake Rebecca Gold Project For personal use only Large landholding with many untested targets 1.2M oz Au Project on doorstep • 150km east of Kalgoorlie, Western Australia • Two nearby large > 1M oz gold deposits show regional potential • BNR on boundary of 1.2Moz Au RMS Rebecca project (ex AOP $182M)
Slide 17: Rebecca Gold trend extends onto BNR ground
Lake Rebecca Gold Project For personal use only Rebecca Gold trend extends onto BNR ground Multiple gold trends to be tested RC drilling Lake AC drilling RMSRebecca 890koz Au Resource Lake Diamond drilling 17
Slide 18: Chifley Gold Project
Chifley Gold Project For personal use only 20 kms along strike of 1.7M oz Au Lake Roe 50 kms from 1.2M oz Au Rebecca Project • On Claypan Fault splay • Complex folding provides dilational zones for gold deposits • Coincident 2km long gold and copper anomaly in soils 18
Slide 19: Bulletin - a strong investment case
Bulletin - a strong investment case For personal use only Early-stage exposure to lithium Proven ability to add value to our projects Strong financial position to progress exploration activities Advancing high quality projects near active and developing mines in an environmentally responsible manner