Slide 1: Corporate Presentation March 2013
For personal use only Corporate Presentation March 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: The Highlights
The Highlights For personal use only Lamboo and Golden Crown Projects • 100% owned in highly prospective Halls Creek goldfield • Infrastructure in place (mill, power, water) on granted mining leases Near term production potential • High grade Probable Ore Reserve: 560,000t at 4.2g/t Au in open p
Slide 4: The Company
The Company For personal use only Highly capable and experienced management Board of Directors and Senior Management BNR – Enterprise Value Phil Retter – Non-executive Chairman Share price (at closing 13 March 2013) $0.055/share Geologist with over 26 years industry experience in mining and Total
Slide 5: The Strategy (April 2011)
The Strategy (April 2011) For personal use only Bulletin is close to delivering on its business strategy after only 2 years on the ground 1 Fast track Lamboo Gold Project to production Investigate development options and optimise mine plan Expedite approvals for mining and processing Recommis
Slide 6: Advancing Gold Production in the Kimberley
For personal use only Advancing Gold Production in the Kimberley The Growth Resource expansion New discoveries The Plan Acquisitions Open pit Ore Reserve Underground Ore Reserve The Project Mine Plan Infrastructure in place Project history High grade resource 6
Slide 7: Lamboo Mine Site
Lamboo Mine Site For personal use only Key infrastructure already in place Open pit production (1997) 92,000t at 7.71g/t Au 70 tph (550,000 tpa) 1.7 MVA diesel fired power station crushing circuit Open pit trial mining (2002) 55,000t at 2.7g/t Au 120,000 tpa processing facility 7
Slide 8: Mining History
Mining History For personal use only Insufficient resource was main reason for previous closures Wagtail and Rowdies trial open pits were mined in 2002 by Rewah Nicolson’s Find open pit was mined by Precious Metals Mining (became subsidiary of GBS Australia (PMA) in 1997 as a Gold) who erected 120,0
Slide 9: Regional Strategy
Regional Strategy For personal use only Halls Creek goldfield considered prospective for discovering additional high grade resources Lamboo Project Resource: • 1.45mt at 5.6g/t Au for 261,000 oz • 72% in Indicated category Golden Crown Project Resource: • 0.3mt at 3.2g/t Au for 34,000oz • potent
Slide 10: Advancing Gold Production in the Kimberley
For personal use only Advancing Gold Production in the Kimberley The Growth Resource expansion New discoveries The Plan Acquisitions Open pit Ore Reserve Underground Ore Reserve The Project Mine Plan Infrastructure in Place Project History High grade resource 10
Slide 11: Ore Reserve
Ore Reserve For personal use only Initial open pit operation transitioning to underground at Nicolson’s Find Shallow Wagtail and Rowdies reserve provides immediate access to mill feed without requirement for pre-strip Upfront capital requirement of circa $20 million for initial pre-strip and pla
Slide 12: Ore Reserve (cont.)
Ore Reserve (cont.) For personal use only Simple, fully mechanised open stoping operation for underground mine Extent of underground Ore Reserve limited by density of drilling at depth Gold resource oz /vertical m 0oz 750oz 1,500oz 19000mN 19200mN 19400mN 19600mN 19800mN 19 000mN 19 200mN 19 400mN
Slide 13: Life-of-Mine Plan
Life-of-Mine Plan For personal use only Transition to underground mining self-funded from open pit cash flow First gold pour 3 months from Gold Produced Mined Grade mining start-up (koz/annum) (g/t Au) 60 Gold Production Forecast Future Production Target 6.0 Mined Grade Underground plan includes
Slide 14: Advancing Gold Production in the Kimberley
For personal use only Advancing Gold Production in the Kimberley The Growth Resource expansion New discoveries The Plan Acquisitions Open Pit Ore Reserve Underground Ore Reserve The Project Mine Plan Infrastructure in place Mining History High grade resource 14
Slide 15: Resource Expansion
Resource Expansion For personal use only All resources remain open at depth 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 0.7 - 1.1 million ounces of gold1 1The pot
Slide 16: Nicolson's Find Deeps
Nicolson’s Find Deeps For personal use only Multiple down plunge extensions 16
Slide 17: Wagtail Deeps
Wagtail Deeps For personal use only Underground potential pending assessment 17 800mN 18 000mN 18 200mN 17810mN Wagtail North Open Pit Production: 4,100t at 3.8 g/t Au Wagtail South 300mRL Open Pit Production: Creek 10,400t at 2.7 g/t Au 4m at 8.4g/t Au 4m at 12.9g/t Au 3m at 7.6g/t Au 6m at 13.7g/t
Slide 18: New Discoveries
New Discoveries For personal use only Multiple high grade vein discoveries along 5km strike length of granite contact 18
Slide 19: 2013 Exploration Targets
2013 Exploration Targets For personal use only First pass RC drilling planned for Q2 2013 North Lamboo South Lamboo 19
Slide 20: Golden Crown Project
Golden Crown Project For personal use only Potential high grade, open pit development Current open pit Inferred Resource of 2m at 93.1g/t Au 323,000 tonnes at 3.2g/t Au for Faugh-a-Ballagh 6m at 13.6g/t Au 34,000 ounces of gold 1m at 54.0g/t Au Further RC drilling planned in 0.8m at 521.1g/t Au
Slide 21: Regional Potential
Regional Potential For personal use only Lightly drilled, highly prospective region with numerous old mine workings 20 km Image: courtesy Google Halls Creek Line of extensive alluvial workings 200oz Au 1,280oz Au 7,900oz Au 73,000oz Au 21 Source: Department of Mines and Petroleum, Bulletin Resources
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