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About Bullabulling Gold Limited
Bullabulling Gold Limited is listed on the Australian Securities Exchange and London's AIM market (AIM:BGL) and has approximately 289 million shares on issue. The Company's primary asset is the wholly owned Bullabulling Gold Project, located near Coolgardie in Western Australia.
The Bullabulling Gold Project hosts JORC compliant Mineral Resources of 3.4 million ounces comprising Indicated Resources of 72.1 million tonnes at 0.92 g/ t gold and Inferred Resources of 30.7 million tonnes at 7.01 g/t gold at Bullabulling and Inferred Resources of 4.5 million tonnes at 1.12 g/t gold at Gibraltar. Exploration has demonstrated strong potential for further expansion of the resource base.
The Bullabulling deposit is amenable to bulk tonnage open pit mining and conventional CIL processing has delivered high gold recoveries. The deposit is situated on granted Mining Leases in close proximity to infrastructure.
The Company is currently undertaking a pre-feasibility study into the development of a large scale, low cost mining operation at Bullabulling, with first production targeted for 2015.
Competent Person Statement
The information in this report that relates to the Exploration Results, Mineral Resources or Ore Reserves is based upon information compiled by Dr. Gregor Partington, who acts as an exploration consultant to the company and is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Dr. Partington has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and the activity in which he is undertaking to qualify as a Competent Person under 2004 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Dr. Partington consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.
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