Bulletin Resources Limited · ASX:BNR
Bulletin Resources — Shareholder Meeting (November 2012)
28 slides from Bulletin Resources's shareholder meeting presentation, Nov 23, 2012
Slide 1: 2012 AGM Chairman's Address and Managing Director's Presentation
For personal use only 23 November 2012 The Manager Companies Company Announcements Australian Securities Exchange Exchange Centre 20 Bridge Street SYDNEY NSW 2000 Dear Sir 2012 Annual General Meeting Chairman’s Address and Managing Director’s Presentation Bulletin Resources Ltd (ASX code: BNR) (“the
Slide 2: Chairman's Address to Shareholders
For personal use only Dear Shareholders, On behalf of my fellow Directors I welcome you to the 3rd Annual General Meeting of Bulletin Resources Limited. Notwithstanding the disappointing performance of the stock market, and gold equities in particular, it has been another outstanding year for your C
Slide 3: Chairman's Address (continued)
Bulletin Resources For personal use only exploration targets within the Lamboo project at approximately 4 to 7 million tonnes containing 0.7 to 1.1 million ounces at an average grade of 5.2 to 5.4g/t Au*. This estimate relates to the 5 kilometre long granite contact within the Project tenements wher
Slide 4: Handover to Managing Director and exploration target note
Bulletin Resources For personal use only I would now like to pass you over to Martin Phillips who will further detail our achievements over the past twelve months. *The potential tonnes and grades of the exploration target expressed in this announcement are conceptual in nature and should not be con
Slide 5: Annual General Meeting November 2012
For personal use only Annual General Meeting 23 November 2012 Bulletin Resources Limited Unit A8, 435 Roberts Rd, Subiaco WA 6008 | phone (08) 9388 6921 | fax (08) 6316 3337| www.bulletinresources.com
Slide 6: Managing Director Presentation
For personal use only Managing Director Presentation FY 2012/13 Priorities Resource Expansion Regional Exploration FY 2011/12 Summary Lamboo Project Finance KPI Summary Lamboo Project Progress Exploration Success 3
Slide 7: FY 2011/12 KPI's
FY 2011/12 KPI’s For personal use only Tenement Holding 5 x original area Mineral Resource 54% Ore Reserve 110,000 oz Au Project Life 5 Years Delivered on business plan Gold Price 8% USD 4% ASX Gold Index 28% BNR Share Price 39% 4
Slide 8: Share Price Performance
12 Month Share Price Performance For personal use only BNR’s share price closely aligned to S&P/ASX Gold Index (XGD) 5 Source: www.asx.com.au
Slide 9: Tenement Holding
Tenement Holding For personal use only Dominant landholding of circa 470km2 in very prospective, underexplored goldfield 6
Slide 10: Mineral Resource
Mineral Resource For personal use only Lamboo Project Mineral Resource has grown by over 100 000 oz gold 19000mN 19200mN 19400mN 19600mN 19800mN 19 000mN 19 200mN 19 400mN 19 600mN 19 800mN 22,000m of resource expansion Resource outline drilling completed 300mRL 200mRL Current resource: 1.45 mil
Slide 11: Ore Reserve
Ore Reserve For personal use only Maiden open pit and underground Ore Reserve of 110,000 oz Au 72% of Lamboo Mineral Resource in Indicated category Gold Contained Ore Reserve Category Tonnes Grade Gold (oz) (g/t Au) Nicolson’s South Pit Probable 268,000 4.4 38,000 Nicolson’s Find Pit Probable 92,0
Slide 12: Life-of-Mine Plan
Life-of-Mine Plan For personal use only Open pit transitioning to underground mine provides initial 5 years mine plan 19000mN 19200mN 19400mN 19600mN 19800mN 19 000mN 19 200mN 19 400mN 19 600mN 19 800mN 300mRL Open Pit Production: 92,000t at 7.71 g/t Au 200mRL 100mRL Legend 0mRL Open Pit Development
Slide 13: Cash Flow Projections
Cash Flow Projections For personal use only Cash flow highly leveraged to gold price, mine life extensions & increased production rate Net Present Value (pre-tax) Pre-tax $m 45 $m 1 Operating Cash Flow Capital Expenditure Cumulative Cash Flow 30 40 15 30 0 20 1550 1650 1750 1850 A$/oz Gold Price 10
Slide 14: Exploration Success
Exploration Success For personal use only Further high grade vein discoveries along 5km strike length of granite contact 11
Slide 15: Managing Director Presentation
For personal use only Managing Director Presentation FY 2012/13 Priorities Resource Expansion Regional Exploration FY 2011/12 Summary Lamboo Project Finance KPI Summary Lamboo Project Progress Exploration Success 12
Slide 16: Nicolson's Underground
Nicolson’s Underground For personal use only Priority is to expand Nicolson’s underground resource Lateral extensions to underground mine plan will not require Gold resource oz /vertical m significant additional development capital 0oz 750oz 1,500oz 19000mN 19200mN 19400mN 19600mN 19800mN 19 000mN
Slide 17: Wagtail Underground Potential
Wagtail Underground Potential For personal use only Host structure linking Wagtail deposits remains untested at depth 17 800mN 18 000mN 18 200mN 300mRL Wagtail South Creek Wagtail North 7m @ 3.7g/t Au 4m @ 10.4g/t Au 4m @ 12.9g/t Au 1m @ 25.9g/t Au 4m @ 19.1g/t Au 3m @ 7.6g/t Au 6m @ 8.9g/t Au 4m @
Slide 18: Nicolson's South Extension
Nicolson’s South Extension For personal use only Untested southern strike extension of Nicolson’s South deposit Access restrictions has left 300m strike length of host structure completely untested by drilling First pass RAB drilling planned Target Area 15
Slide 19: Lamboo Exploration Targets
Lamboo Exploration Targets For personal use only Aeromagnetic survey and first pass RAB drilling planned North Lamboo South Lamboo 16
Slide 20: Regional Exploration
Regional Exploration For personal use only Applying modern-day exploration techniques to the historic goldfield 17
Slide 21: 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 and new resource 0.8m at 521.1g
Slide 22: Priorities for FY12/13
Priorities for FY12/13 For personal use only Continue resource expansion initiative and make further discoveries Expedite works approval and mining approval for Lamboo project Tender and source major capital works items • Earthworks, civil works and open pit mining • Mine village and building
Slide 23: 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 20
Slide 24: Appendices
For personal use only APPENDICES 21
Slide 25: 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 26: 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 27: 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 28: Competent Persons Statement
Competent Persons Statement For personal use only The information in the tables that relate to the Lamboo Project Mineral Resources and the information in this presentation that relates to Exploration Targets is based on information compiled by Mr Ian Glacken, who is a Fellow of the Australasian Ins
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