Bulletin Resources Limited · ASX:BNR
Bulletin Resources — RIU Resurgence Conference 2022
16 slides from Bulletin Resources's conference presentation, Nov 24, 2022
Slide 1: RIU Resurgence
For personal use only RIU Resurgence November 2022 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 Proven ability to reward shareholders Cash, shares and receivables $9.4 million Active WA Project Portfolio (30 September 2022) Issued Shares Ordinary Shares 292.6M Listed Options (10c) 71.6M Unlisted Options (10c)
Slide 4: Only 12km from Allkem's Mt Cattlin lithium mine
Ravensthorpe Lithium Project Only 12km from Allkem’s Mt Cattlin lithium mine For personal use only Established and operational plant nearby and easily accessible 100% Bulletin owned 130km2 of lightly explored ground only 12km from Mt Cattlin Lithium plant Along strike and same geology as Allkem’s (A
Slide 5: 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 Potential high value project awaiting drilling 100% Bulletin owned WA is tier 1 jurisdiction Near potential future processing facilities Surface mineralisation suggesting strong potenti
Slide 6: Outcropping pegmatites > 4km strike
Ravensthorpe Lithium Project For personal use only Outcropping pegmatites > 4km strike High grade spodumene lithium in rock chips Spodumene rock chip grades up to 7.04% Li2O • 6.95% Li2O • 6.80% Li2O • 6.54% Li2O • 5.45% Li2O • 5.39% Li2O Highest grade of 8.21% Li2O (amblygonite) Eastern Pegmatite T
Slide 7: Big Pegmatite - A concentrated, stacked swarm of pegmatites
Ravensthorpe Lithium Project For personal use only Big Pegmatite - A concentrated, stacked swarm of pegmatites Spodumene bearing pegmatites Big Pegmatite is a ~500m x 700m concentrated pegmatite swarm ~40 stacked pegmatites: • Mineralised pegmatites with very coarse grained Spodumene • Up to 200m wi
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
Ravensthorpe Lithium Project For personal use only Western Pegmatite Trend Horseshoe pegmatite - Lepidolite grades to 4.5% Li2O Western Trend - Lepidolite • 4.50% Li2O • 3.09% Li2O • 2.85% Li2O • 2.79% Li2O • 2.68% Li2O • 2.39% Li2O Further work required BNR’s focus is spodumene mineralisation 9
Slide 10: 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 11: 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 New tenement acquisitions in 2022 LIDAR and radiometric surveys identify over 50 new pegmatite targets Potential for a third pegmatite trend Nickel potential in
Slide 12: Lake Rebecca Gold Project
Lake Rebecca Gold Project For personal use only Large landholding with many untested targets >1M oz Au deposit on doorstep 150km east of Kalgoorlie, Western Australia Two nearby large gold deposits show regional potential BNR on boundary of 1.2Moz Au RMS Rebecca project (ex AOP $182M) 12 RMS: Rameli
Slide 13: Lake Rebecca Gold Project
Lake Rebecca Gold Project For personal use only Rebecca Gold trend extends onto BNR ground Multiple gold trends to be tested Lake AC drilling Land AC drilling RC drilling 13
Slide 14: 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 14
Slide 15: Geko Gold Royalty
Geko Gold Royalty For personal use only $2.56M net royalty to date Ongoing royalties expected Bulletin’s royalty entitlement is: 10% of the first 25,000 oz Au produced; 4% of the next 60,039 oz Au produced; and 2% of all production over and above 85,039 oz Au The above royalty is reduced by a capped
Slide 16: 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 cash balance to progress exploration activities Advancing high quality projects near active and developing mines Always actively seeking opportunities to add v