Bulletin Resources Limited · ASX:BNR
Bulletin Resources — RIU Resurgence Conference 2023
20 slides from Bulletin Resources's conference presentation, November 2023
Slide 1: RIU Resurgence
RIU Resurgence November 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 Cash, shares and receivables $11.9 million (30 September 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 (@ $0.165) $48.4M Experience
Slide 4: Ravensthorpe Lithium Project
Ravensthorpe Lithium Project One of WA’s most prospective spodumene lithium projects Awaiting drilling approvals 100% Bulletin owned WA is tier 1 jurisdiction Near existing processing facilities Surface mineralisation suggests strong lithium potential at depth Coarse high-grade spodumene
Slide 5: Ravensthorpe Lithium Project
Ravensthorpe Lithium Project 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 grade spodumene 7.04% L
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 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 Spodumene • Up to 200m wide,
Slide 7: Big Pegmatite
Ravensthorpe Lithium Project Big Pegmatite 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 pegmatite • Lower K/Rb rat
Slide 8: Eastern Pegmatite Trend
Ravensthorpe Lithium Project Eastern Pegmatite Trend Examples of coarse grained spodumene spodumene spodumene References: BNR ASX release dated 1 December 2021 8 BNR ASX release dated 24 January 2022
Slide 9: Excellent Indicative Metallurgical Characteristics
Ravensthorpe Lithium Project 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 concentrate grade of gr
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* 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 • Stacked • Variable thicknes
Slide 11: When are we drilling?
Ravensthorpe Lithium Project When are we drilling? Anticipated Jan/Feb 2024 – Pending DMIRS Approvals EPA reviewed Proposal and decided not to assess • Drilling approval pathway now back with DMIRS • Additional mitigation and avoidance measures undertaken • Moving forward responsibly and respectably
Slide 12: Low impact drilling planned
Ravensthorpe Lithium Project Low impact drilling planned Drill track and pad preparatory work underway Environment and Heritage assessments completed Marking out access track Locating drill pads on clear areas minimizes environmental footprint Surveying access track 12
Slide 13: Additional lithium potential
Ravensthorpe Lithium Project Additional lithium potential Western Pegmatite Trend - Lepidolite with Spodumene to South 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 discove
Slide 14: Western Pegmatite Trend
Ravensthorpe Lithium Project Western Pegmatite Trend Spodumene and Lepidolite bearing Pegmatites Lepidolite in pegmatite Finer grained spodumene Spodumene Coarse in pegmatite spodumene Finer grained spodumene References: BNR ASX release dated 21 February 2022 14 BNR ASX release dated 11 January 2023
Slide 15: Additional lithium potential
Ravensthorpe Lithium Project Additional lithium potential West 2 Pegmatite Trend - Pegmatites present but smaller at surface 3rd Pegmatite Trend • Smaller, less fractionated pegmatites • Highlights better pegmatites to East • Search for more pegmatites continues 15
Slide 16: Lake Rebecca Gold Project
Lake Rebecca Gold Project Large landholding with many untested targets 1.4M 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 1.4Moz Au RMS Rebecca project (ex AOP $182M acquisition) 16 RMS: R
Slide 17: Lake Rebecca Gold Project
Lake Rebecca Gold Project Rebecca Gold trend extends onto BNR ground Multiple gold trends to be tested RC drilling Lake AC drilling Lake Diamond drilling 17
Slide 18: Chifley Gold Project
Chifley Gold Project 20 kms along strike of RMS Lake Roe - 1.7M oz Au 50 kms from RMS Rebecca - 1.4M oz Au • On Claypan Fault splay • Complex folding provides dilational zones for gold deposits • Coincident 2km long gold and copper anomaly in soils 18
Slide 19: Mt Farmer Project
Mt Farmer Project Prospective for Future Metals and Gold Tenements recently Granted • 103 km2 Project • Area historically known for Tantalum and Gold • Rubidium and Lithium found nearby more recently • First two tenements recently granted • Initial exploration works underway References: ARN ASX anno
Slide 20: Bulletin - a strong investment case
Bulletin - a strong investment case 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 Always actively seeki