Bulletin Resources Limited · ASX:BNR
Bulletin Resources — South-West Connect WA Showcase (October 2023)
19 slides from Bulletin Resources's conference presentation, Oct 19, 2023
Slide 1: Southwest Connect
Southwest Connect For personal use only October 2023 Mr Mark Csar CEO ASX:BNR www.bulletinresources.com
Slide 2: Disclosures & Important Information
Disclosures & Important Information 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 is provided in summary
Slide 3: BNR Corporate Snapshot
BNR Corporate Snapshot A well funded lithium and gold explorer For personal use only Cash, shares and receivables $12 million (30 June 2023) Issued Shares Ordinary Shares 293.6M Listed Options (10c) 71.6M Unlisted Options (10 - 18.5c) 14.8M Top 20 shareholders 48% Market Capitalisation (@ $0.11) $32
Slide 4: One of WA's most prospective spodumene lithium projects
Ravensthorpe Lithium Project One of WA’s most prospective spodumene lithium projects Awaiting drilling approvals For personal use only ✓ 100% Bulletin owned ✓ WA is tier 1 jurisdiction ✓ Near existing processing facilities ✓ Surface mineralisation suggests strong lithium potential at depth ✓ Coarse
Slide 5: Eastern pegmatite trend has highest Spodumene grades
Ravensthorpe Lithium Project Eastern pegmatite trend has highest Spodumene grades For personal use only 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 6: Big Pegmatite - A concentrated, stacked swarm of spodumene bearing pegmatites
Ravensthorpe Lithium Project Big Pegmatite - A concentrated, stacked swarm of spodumene bearing pegmatites For personal use only 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 7: Big Pegmatite
Ravensthorpe Lithium Project Big Pegmatite For personal use only High lithium grades and highly fractionated pegmatite supported by complementary chemical ratios K/Rb ratio (lithium indicator ratio) • Flat pegmatites are not always well exposed • Microcline ratios used to guide fractionation of pegm
Slide 8: Eastern Pegmatite Trend
Ravensthorpe Lithium Project Eastern Pegmatite Trend For personal use only Examples of coarse grained spodumene spodumene spodumene 8
Slide 9: Excellent Indicative Metallurgical Characteristics
Ravensthorpe Lithium Project Excellent Indicative Metallurgical Characteristics For personal use only 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 10: What are we hoping to drill?
Ravensthorpe Lithium Project What are we hoping to drill? Nearby mine geology used as an exploration model - Mt Cattlin* For personal use only Mt Cattlin (ASX:AKE) 7.8Mt @ 1.2% Li2O (4 - 5 year mine life) Pegmatite geology • Spodumene bearing with lepidolite to NE • Gently dipping • Numerous • Stack
Slide 11: When are we drilling?
Ravensthorpe Lithium Project When are we drilling? Anticipated Jan/Feb 2024 For personal use only EPA reviewed Proposal and decided not to assess • Drilling approval pathway now with DMIRS • Additional mitigation and avoidance measures undertaken • Moving forward responsibly and respectably • Survey
Slide 12: Western Pegmatite Trend
Ravensthorpe Lithium Project Western Pegmatite Trend For personal use only Lepidolite grades to 4.5% Li2O Western Pegmatite trend is lepidolite dominant with some Spodumene • High grade Lepidolite rock chips 4.50% Li2O 3.09% Li2O 2.85% Li2O 2.79% Li2O 2.68% Li2O 2.39% Li2O Newly discovered Spodumene
Slide 13: Western Pegmatite Trend
Ravensthorpe Lithium Project Western Pegmatite Trend For personal use only Spodumene and Lepidolite bearing Pegmatites Lepidolite in pegmatite Finer grained spodumene Spodumene Coarse in pegmatite spodumene Finer grained spodumene 13
Slide 14: West Pegmatite Trend
Ravensthorpe Lithium Project West 2 Pegmatite Trend For personal use only Pegmatites present but smaller at surface 3rd Pegmatite Trend • Smaller, less fractionated pegmatites • Highlights better pegmatites to East • Search for more pegmatites continues 14
Slide 15: Lake Rebecca Gold Project
Lake Rebecca Gold Project Large landholding with many untested targets For personal use only 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 16: Lake Rebecca Gold Project
Lake Rebecca Gold Project Rebecca Gold trend extends onto BNR ground For personal use only Multiple gold trends to be tested RC drilling Lake AC drilling Lake Diamond drilling 16
Slide 17: Chifley Gold Project
Chifley Gold Project 20 kms along strike of 1.7M oz Au Lake Roe For personal use only 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 17
Slide 18: Mt Farmer Project
Mt Farmer Project Prospective for Future Metals and Gold For personal use only Tenements recently Granted • 103 km2 Project • Area historically known for Tantalum and Gold • Rubidium and Lithium more recently found nearby • Initial exploration works underway References: ARN ASX announcement dated 12
Slide 19: Bulletin - a strong investment case
Bulletin - a strong investment case Early-stage exposure to lithium For personal use only 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
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