Bulletin Resources Limited · ASX:BNR
Bulletin Resources — RIU Sydney (May 2022)
20 slides from Bulletin Resources's conference presentation, May 4, 2022
Slide 1: Investor Presentation RIU Sydney
Investor Presentation RIU Sydney May 2022
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 Proven ability to reward shareholders Cash, shares and receivables $11.9 million Active WA Project Portfolio (31 March 2022) Issued Shares Ordinary Shares 290.1M Listed Options (10c) 71.5M Unlisted Options (10c) 1.5M Top 20 shareholders
Slide 4: Ravensthorpe Lithium Project
Ravensthorpe Lithium Project Only 12km from Allkem’s Mt Cattlin lithium mine 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 (ASX:AKE) Mt Cattlin Min
Slide 5: Ravensthorpe Lithium Project: Exploration model
Ravensthorpe Lithium Project Exploration model Mt Cattlin Mt Cattlin (ASX:AKE) Pegmatite geology • Spodumene bearing with lepidolite to NE • Gently dipping • Numerous • Stacked • Variable thickness (pinch and swell) An Exploration model is an important tool used as a guide for exploration planning.
Slide 6: Ravensthorpe Lithium Project: What do we have so far?
Ravensthorpe Lithium Project What do we have so far? On the way with high grade spodumene rock chip grades 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 Trend • 4km long • Open
Slide 7: Big Pegmatite
Ravensthorpe Lithium Project Big Pegmatite A concentrated, stacked swarm of pegmatites Big Pegmatite is a ~500m x 700m concentrated pegmatite swarm ~ 40 stacked pegmatites: • Up to 200m wide, may extend further under cover • Up to 10m thickness, may pinch and swell down-dip • Dip gently (10 - 30o) t
Slide 8: Big pegmatite & surrounds
Ravensthorpe Lithium Project Big pegmatite & surrounds Examples of spodumene Cleavelandite Quartz Spodumene Spodumene Spodumene 8
Slide 9: Deep Purple pegmatite
Ravensthorpe Lithium Project Deep Purple pegmatite Spodumene to 6.5% Li2O coarse outcropping spodumene Deep Purple crystals pegmatite 9
Slide 10: Creek pegmatite
Ravensthorpe Lithium Project Creek pegmatite Spodumene and Lepidolite Lepidolite Spodumene 10
Slide 11: Western Pegmatite Trend
Ravensthorpe Lithium Project 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 11
Slide 12: What's next?
Ravensthorpe Lithium Project What’s next? Drilling to start upon approvals Focus on Big pegmatite swarm • Size is important Targeting spodumene bearing pegmatites • Mineralogy is important Working through approval process • Native Vegetation Clearing Permit • Program of Work • Heritage Drilling to s
Slide 13: Drilling to start upon approvals
Ravensthorpe Lithium Project Drilling to start upon approvals What could we have? Focus on Big pegmatite swarm • Size is important Targeting spodumene bearing pegmatites • Mineralogy is important Working through approval process • Native Vegetation Clearing Permit • Program of Work • Heritage Drilli
Slide 14: Lake Rebecca Gold Project
Lake Rebecca Gold Project 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 1.1Moz Au RMS Rebecca project (ex AOP $182M) Lake Rebecca AC drilling 14 RMS: Ram
Slide 15: Lake Rebecca Gold Project
Lake Rebecca Gold Project Rebecca Gold trend extends onto BNR ground Multiple gold trends to be tested Bulletin sold a narrow 400m strip of land to AOP in 2021 (~$5M) Rebecca Deposit gold trend extends into Bulletin ground Wide gold anomalism with higher-grade gold zones Multiple gold trends Bulleti
Slide 16: Lake Rebecca Gold Project
Lake Rebecca Gold Project Is there another Rebecca? Early signs are encouraging Using Rebecca deposit as an exploration model Bulletin ground has the same geology as Rebecca deposit Aircore drill results comparable to early exploration results at the Rebecca deposit Successful EIS program applicatio
Slide 17: Chifley Gold Project
Chifley Gold Project 20 kms along strike of 1.7M oz Au Lake Roe 50 kms from 1.1M 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: Geko Gold Royalty
Geko Gold Royalty $2.5M 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 amount of $3.25M at a
Slide 19: Tenement Application Pipeline
Tenement Application Pipeline Targeting projects that leverage off existing infrastructure Focus on Lithium, Gold and Nickel Mt Farmer Lithium and Gold Surrounds Aldoro Resource’s (ASX:ARN) Niobe rubidium-lithium project Extensions to Dalgaranga gold mine 19
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 cash balance to progress exploration activities Advancing high quality projects near active and developing mines Always actively seeking opportunities to add value Quarry pegmatite