New Risk • Mar 12
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.85m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$73k revenue, or US$52k). Market cap is less than US$10m (AU$13.8m market cap, or US$9.85m). Minor Risk Large one-off items impacting financial results. Board Change • Mar 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Independent Non-Executive Director Keith Muller was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Ankündigung • Dec 17
Ramelius Resources Limited (ASX:RMS) entered into a Tenement Sale and Purchase Agreement to acquire three tenements of Lake Rebecca Gold Project from Bulletin Resources Limited (ASX:BNR) for AUD 0.5 million. Ramelius Resources Limited (ASX:RMS) entered into a Tenement Sale and Purchase Agreement to acquire three tenements of Lake Rebecca Gold Project from Bulletin Resources Limited (ASX:BNR) for AUD 0.5 million on December 16, 2025. A cash consideration of AUD 0.5 million will be paid by Ramelius Resources Limited. As part of consideration, AUD 0.5 million is paid towards assets of three tenements of Lake Rebecca Gold Project. New Risk • Oct 28
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.1m (US$9.24m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$73k revenue, or US$48k). Market cap is less than US$10m (AU$14.1m market cap, or US$9.24m). Minor Risk Large one-off items impacting financial results. Ankündigung • Sep 26
Bulletin Resources Limited, Annual General Meeting, Nov 26, 2025 Bulletin Resources Limited, Annual General Meeting, Nov 26, 2025. New Risk • Jul 24
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.8m (US$9.12m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (179% accrual ratio). Revenue is less than US$1m (AU$214k revenue, or US$141k). Market cap is less than US$10m (AU$13.8m market cap, or US$9.12m). New Risk • Apr 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 19% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). High level of non-cash earnings (179% accrual ratio). Revenue is less than US$1m (AU$214k revenue, or US$133k). Minor Risk Market cap is less than US$100m (AU$25.0m market cap, or US$15.5m). Ankündigung • Feb 11
Patronus Resources Limited (ASX:PTN) proposed to acquire an additional 80.43% stake in Matsa Resources Limited (ASX:MAT) from Paul Poli, Pacal Blampain, Andrew Chapman, Bulletin Resources Limited (ASX:BNR) and WACC Pty Ltd ATF Flagship Fund for AUD 26.5 million. Patronus Resources Limited (ASX:PTN) proposed to acquire an additional 80.43% stake in Matsa Resources Limited (ASX:MAT) from Paul Poli, Pacal Blampain, Andrew Chapman, Bulletin Resources Limited (ASX:BNR) and WACC Pty Ltd ATF Flagship Fund for AUD 26.5 million on February 10, 2025. A cash consideration valued at AUD 0.045 per share will be paid by Patronus Resources Limited. Upon completion, Patronus Resources Limited will own 83.22% stake in Matsa Resources Limited. The transaction will be financed through own resources. If Patronus becomes entitled to compulsorily acquire Your Matsa Shares, it does not currently intend to proceed with the compulsory acquisition which means Matsa may remain listed on the ASX.
The expected completion of the transaction is March 24, 2025.
Sternship Advisers Pty Ltd. acted as financial advisor for Patronus Resources Limited. Blackwall Legal LLP acted as legal advisor for Patronus Resources Limited. Thomson Geer acted as legal advisor for Matsa Resources Limited. Ankündigung • Sep 30
Bulletin Resources Limited, Annual General Meeting, Nov 26, 2024 Bulletin Resources Limited, Annual General Meeting, Nov 26, 2024. New Risk • Sep 28
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$38k revenue, or US$26k). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$18.2m market cap, or US$12.5m). New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m (AU$38k revenue, or US$26k). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Market cap is less than US$100m (AU$15.9m market cap, or US$10.8m). Ankündigung • Aug 09
Bulletin Resources Limited has completed a Derivatives Offering in the amount of AUD 0.293613 million. Bulletin Resources Limited has completed a Derivatives Offering in the amount of AUD 0.293613 million.
Security Name: Loyalty Options
Security Type: Equity Option
Securities Offered: 97,871,108
Price\Range: AUD 0.003
Transaction Features: Rights Offering Recent Insider Transactions • Apr 16
Non-Executive Director recently bought AU$53k worth of stock On the 11th of April, Robert Martin bought around 1m shares on-market at roughly AU$0.048 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. New Risk • Apr 09
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.4m (US$9.53m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Revenue is less than US$1m (AU$38k revenue, or US$25k). Market cap is less than US$10m (AU$14.4m market cap, or US$9.53m). Minor Risk Share price has been volatile over the past 3 months (15% average weekly change). New Risk • Oct 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (18% net profit margin). Revenue is less than US$5m (AU$3.1m revenue, or US$2.0m). Market cap is less than US$100m (AU$23.2m market cap, or US$14.7m). Ankündigung • Sep 20
Bulletin Resources Limited, Annual General Meeting, Nov 10, 2023 Bulletin Resources Limited, Annual General Meeting, Nov 10, 2023. New Risk • Aug 15
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.3m (US$9.93m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (AU$15.3m market cap, or US$9.93m). Minor Risk Revenue is less than US$5m (AU$3.4m revenue, or US$2.2m). Reported Earnings • Mar 17
First half 2023 earnings released: EPS: AU$0.002 (vs AU$0.008 in 1H 2022) First half 2023 results: EPS: AU$0.002 (down from AU$0.008 in 1H 2022). Net income: AU$821.6k (down 56% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 09
Non-Executive Director recently bought AU$58k worth of stock On the 3rd of February, Robert Martin bought around 500k shares on-market at roughly AU$0.11 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$234k more in shares than they have sold in the last 12 months. Ankündigung • Feb 03
Bulletin Resources Limited Announces Appointment of Keith Muller as Independent Non-Executive Director The Board of Bulletin Resources Limited announced that it has appointed Mr. Keith Muller to the board as an independent non-executive director. Mr. Muller is an experienced mining engineer with over 20 years of operational and leadership experience in both the domestic and international mining sectors, including in the lithium sector where he has a strong operational and management background in hard rock lithium mining and processing. Mr. Muller has built an impressive track record as a technical and operational leader and throughout his career, has been responsible for improving efficiency, driving commercial opportunities, increasing mine longevity and enhancing safety across the projects he has worked on. Mr. Muller is currently the Chief Operating Officer at Atlantic Lithium Limited and was recently at Allkem Limited where he held roles as both Business Leader for the Australian Operation and as General Manager of Allkem's Mt Cattlin Lithium operation in Ravensthorpe, Western Australia, which is in close proximity to Bulletin's Ravensthorpe project. Whilst at Allkem, Keith focussed on business and mine performance improvement at the Mt Cattlin lithium mine. Prior to that, Mr. Muller was the Operations Manager and Senior Mining Engineer at Simec. Ankündigung • Jan 30
Bulletin Resources Limited Expands Mt Farmer Project Bulletin Resources Limited (‘Bulletin’, ‘BNR’) announced that two new tenement applications have been added to the Mt Farmer Project. These new tenement applications almost double the area of the Mt Farmer Project from 59km2 to 106km2. The project completely surrounds Aldoro's 2km2 P59/2137 which hosts the Niobe Rubidium-Lithium Project and a resource of 4.6Mt @ 0.17% Rb2O and 0.07% Li2O. Bulletin's tenement applications have over 5km strike of the potential greenstone host to the Rubidium bearing pegmatite unit. The applications also cover potential northeast extensions to the Dalgaranga gold mine. The applications are progressing through the DMIRS tenement grant process and on-ground works will commence upon grant of the Exploration Licences. Ankündigung • Jan 12
Bulletin Resources Limited Announces New High Grade Spodumene Pegmatite Identified-Ravensthorpe Lithium Project Bulletin Resources Limited provided laboratory assay results from the recent mapping and rock-chip program on its 130km2 Ravensthorpe Lithium Project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. On-ground mapping and sampling of potential new pegmatite outcrops from the LIDAR and high resolution imagery targeting program commenced with the onset of drier weather conditions. New work from the program has identified a high-grade spodumene bearing pegmatite in the southern extent of the Western Pegmatite Trend. Rock chips of the outcropping, weathered spodumene returned significant lithium grades including: 4.81% Li2O, 4.67% Li2O, 4.31% Li2O, 3.54% Li2O. The newly identified high-grade spodumene bearing pegmatite lies 700m south of the Horseshoe pegmatite and immediately north of Bulletin's southern tenement boundary. The pegmatite outcrops for 100m in strike length and has an apparent width of up to 10m, dipping moderately to the southwest. The spodumene bearing core of the pegmatite strikes for approximately 20m in length with spodumene generally appearing more siliceous and foliated than the spodumene seen along the Eastern Pegmatite trend. Mapping north and along strike of the Deep Purple pegmatite in the Eastern Pegmatite Trend has identifiednumerous small and discrete pegmatite outcrops. The pegmatites immediately north of the Deep Purple pegmatite generally appear granitic and poorly evolved in appearance and are considered to have lower prospectivity for lithium mineralisation. Further north, the pegmatites return to a more evolved, coarse grained nature though no significant lithium assays were returned from this area. This recent mapping campaign continues to raise the prospectivity of this underexplored area. Bulletin will continue its mapping and sampling program to develop the potential of this area while current clearing and drilling permits progress. Bulletin's environmental reports from Spring season surveys were submitted to DMIRS early December last year. The surveys identified some areas support habitat suitable for fauna including black cockatoos and mallee fowl, with one cockatoo nest and three inactive mallee fowl mounds identified some distance away from proposed works. The surveys concluded the overall impact of clearing drill rig access tracks and exploration drilling will be minimal and not likely to result in significant impact on fauna habitat. However, as a result of the survey findings, and taking a responsible precautionary approach to the environment, Bulletin has implemented several mitigation strategies to further ensure minimal disturbance of the local fauna and a referral to the Department of Climate Change, Energy, the Environment and Water to review these mitigation measures is also in progress. Bulletin looks forward to the receipt of drilling approvals and will continue to update shareholders as the approvals process progresses. Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Director Neville Bassett was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Oct 22
Non-Executive Director recently bought AU$70k worth of stock On the 18th of October, Robert Martin bought around 500k shares on-market at roughly AU$0.14 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$177k more in shares than they have sold in the last 12 months. Ankündigung • Oct 18
Bulletin Resources Limited Announces over 50 New Pegmatite Targets Identified Bulletin Resources Limited provided an exploration update on its 130km2 Ravensthorpe Lithium Project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. LIDAR and high resolution aerial imagery survey: The Light Detection and Ranging (LIDAR) and high resolution aerial imagery survey has created a high resolution 3D image of the earth's surface and has identified over 50 new pegmatite targets. The survey assists the targeting of potential new pegmatite outcrops and extensions to the Western and Eastern Pegmatite Trends. Over 100 pegmatites have already been mapped along the Eastern Pegmatite Trend and scope for more pegmatites exist to the north. The survey has identified numerous new pegmatite targets which have been unknown until now and lie along strike of the known spodumene bearing Big and Deep Purple pegmatites where rock chip grades up to 7.04% Li2O were collected. The survey indicates additional pegmatites which are likely to be found with on-going mapping. New pegmatite targets along the Western Pegmatite Trend have also been identified at the Horseshoe pegmatite area where rock chip sampling grading up to 4.50% Li2O have been collected. Importantly, the potential for a third pegmatite trend west of the Western Pegmatite trend has been reinforced. Previous explorers observed spodumene in creek float upstream (west) of the Horseshoe pegmatite, but the source of that float has yet to be found. This survey has now identified several new target areas along a 3.5km strike length for follow-up mapping and sampling. Future Work: Drilling of the Eastern Pegmatite Trend remains a priority for Bulletin and works to secure regulatory approvals are progressing. In conjunction with this approval process, on-ground mapping and sampling of the new LIDARtarget areas will be undertaken to identify and categorise new pegmatites. Highlights: Over 50 new pegmatite targets have been identified by Light Detection and Ranging (LIDAR) and high-resolution aerial imagery; LIDAR has been successfully used within the region by other explorers and producers as a key exploration tool for the discovery of pegmatites; The survey demonstrates a high likelihood of discovering additional previously unknown pegmatite outcrops along the Eastern Pegmatite Trend; Significant additional targets along the Western Pegmatite Trend also outlined; Potential for discovery of a third pegmatite trend has been identified; Bulletin remains well funded with $9.97 million in cash, receivables and liquid investments. Ankündigung • Oct 01
Bulletin Resources Limited, Annual General Meeting, Nov 25, 2022 Bulletin Resources Limited, Annual General Meeting, Nov 25, 2022. Agenda: To consider the election as a Director. Reported Earnings • Oct 01
Full year 2022 earnings released: EPS: AU$0.002 (vs AU$0.02 in FY 2021) Full year 2022 results: EPS: AU$0.002 (down from AU$0.02 in FY 2021). Revenue: AU$3.19m (up 72% from FY 2021). Net income: AU$462.7k (down 87% from FY 2021). Profit margin: 14% (down from 192% in FY 2021). Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth. Ankündigung • Aug 25
Bulletin Resources Limited Provides an Update on Its 130Km2 Ravensthorpe Lithium Project Bulletin Resources Limited provided an update on its 130km2 Ravensthorpe Lithium Project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. Indicative Metallurgical Testwork Program. BHM Process Consultants Pty Ltd. (BHM) were engaged to undertake indicative diagnostic metallurgical testwork. The testing was designed to investigate the potential for generating saleable lithium concentrate from spodumene bearing pegmatites at Bulletin's Ravensthorpe Lithium Project. BHM see the results from this early phase of metallurgical testwork as highly encouraging and confirm the pegmatite mineralisation at the Ravensthorpe Lithium Project to be of a very high quality and able to achieve saleable product grades at high metallurgical recoveries. BHM further report: The samples provided by Bulletin display that the pegmatites at the Ravensthorpe lithium project are of a high grade, coarse grained nature (2.0% to 4.4% Li2O contained). The tested blended composite which included appropriate mining dilution, yielded potential concentrate at higher than required grades (>6.0% Li2O) at high recoveries of >75% Li2O. A suitable processing method of simple, conventional Dense Media Separation (DMS) is an appropriate treatment pathway given 80 - 90% of the entering lithium units can proceed to the coarse treatment pathway. Upgrades greater than 4 times were observed achieving saleable lithium content grades. It is surmised that the bulk of the processing loss was generated from the "Wall Rock" constituent in the blended composite and not from the pegmatite mineralisation. The rougher flotation response is excellent. Should the remaining fine lithium units prove economically viable, further upgrade potential can be explored in future bodies of work. The potential coarse concentrate's likely penalty elements are considered relatively low including iron at well below the 1.5 % Fe2O3 cut-off. Any fines concentrate generated from flotation is likely to be elevated in iron at 2.4% and will require further processing, lithium cleaner flotation upgrade followed by magnetic separation. Key loss areas can only be further explored and optimised once a potential resource and mine plan is generated to define the pegmatite vs host mineralisation blend ratios. In summary, BHM report the Ravensthorpe Project pegmatites contain spodumene mineralisation that should respond well and generate good recoveries and yields to saleable concentrate grades from standard industry, two stage, coarse and intermediate size fraction DMS processing plants. In a plant scenario, DMS would be utilised to upgrade the wet screened coarse fraction. As a diagnostic test for the DMS circuit, the coarse +1mm fraction from the wet screening underwent Heavy Liquid Separation (HLS) testwork at specific gravities (SG) of 2.85 and 3.00. This work indicates 75% of the Li2O is recovered to the SG 2.85 sinks at a grade of 6.5% Li2O with 0.5% Fe2O3 recovered to this fraction. At the higher SG of 3.0, testwork reported 57% of the Li2O is recovered at grade of 7.0% Li2O with 0.6% Fe2O3. Testwork was planned to examine magnetic separation of the Fe2O3 but was deemed unnecessary given the Fe2O3 grade is well below typical marketing cut-off of 1.5 - 2.0% Fe2O3. It was also noted that the coarse fraction contained low amounts of mica which is typically present in spodumene pegmatites and can cause issues if not removed prior to DMS. The first sighter flotation test provided the best results with 90% of the Li2O yield at a grade of 3.1% Li2O reporting to the combined rougher concentrate. The -1mm fraction appears well liberated at P80 0.15mm and was upgraded from 1.1% Li2O to 3.1% Li2O via rougher concentration. Fe2O3 was elevated in the fine fraction concentrate with a 93% yield and a grade of 2.3% Fe2O3. Fe2O3 in spodumene deposits often preferentially reports to finer fractions and commercially, magnetic separation is used to reduce Fe2O3 grade prior to blending with the coarse product. Flotation is also generally performed in several stages rather than the single stage at testwork level. The additional flotation and magnetic separation work can upgrade lithium content as well as reduce Fe2O3 grade.Further testwork is recommended on a greater spread of samples and mineralisation in the future once a resource has been established. This will be to confirm or optimise the liberation sizes and assess the variability of deleterious elements and their effect on the product grade and recovery at a higher level of study accuracy. Ankündigung • Jul 12
Bulletin Resources Limited Announces New Lithium Targets Ravensthorpe Lithium Project Bulletin Resources Limited advised that it has identified lithium and nickel targets on its newly acquired 36km2 tenement E74/680, immediately north of known lithium bearing pegmatites. The tenement is only 7km west of Allkem's operating Mt Cattlin lithium mine. Targets for lithium and nickel have been generated from a review of historical geophysical and geochemical exploration. Lithium Targets Re-interpolation and interpretation of radiometric imagery with a focus on pegmatites has been completed over the Ravensthorpe Lithium project by geophysical consultants, NewGenGeo Pty Ltd. Radiometric spectrometry is a surficial mapping technique that uses the detectability of higher potassium (K) content in and around the granitic pegmatites compared to the low-K calc-alkaline volcanic complex host of the Annabelle volcanics. Pegmatites are by nature coarse-grained and large K-feldspar and K-mica phenocrysts (large crystals) can persist in soil when the pegmatites are eroded. The technique can identify areas of higher K in soils, indicating potential pegmatite; particularly when the dataset interpretation can be guided by examples of known nearby pegmatite occurrences. Further south within Bulletin's E74/655 tenement, the radiometric image over the known pegmatites shows good correlation, with K high areas overlying known outcropping pegmatites. Importantly, several new targets have been identified and will be followed up with on-ground mapping and the upcoming results of the recently competed LIDAR survey. Nickel Targets Ultramafics lie immediately northwest of the Annabelle Volcanics and the ground was previously explored for base metals including nickel by Pioneer Nickel in a joint venture with Allkem (previously Galaxy). Work included mapping, soil sampling, and electromagnetic geophysical surveys including VTEM and MLTEM. While mapping is hampered by lack of outcrop due to farming activities, two NNE trending ultramafic units were identified with the eastern trend being the thicker ultramafic unit. High MgO rocks within this unit comprise medium to coarse grained serpentinised mesocumulate and more commonly orthocumulate. Auger sampling at a depth of 0.8m over the ultramafic units identified several co-incident Ni-Cu anomalies which have yet to be followed up with deeper drilling. Tenement E74/680 lies north of the highway and land in this area is dominated by large acre agricultural cropping operations. Land to the south of the South Coast Highway is largely free of farming (Figure 5). No drill testing of either the soil or geophysical targets was completed before Pioneer withdrew from the JV and all targets remain to be tested. As part of due diligence, Bulletin has secured land access agreements over target areas within E74/680, ensuring exploration can proceed. Bulletin's focus is on the lithium potential of the area but plans to validate these nickel targets with infill auger sampling and high resolution ground geophysics once crops in the area have been harvested. Ankündigung • Jun 28
Bulletin Resources Limited (ASX:BNR) acquired E74/680 and E74/698 tenements from Mining Equities Pty Ltd for approximately AUD 0.5 million. Bulletin Resources Limited (ASX:BNR) agreed to acquire E74/680 and E74/698 tenements from Mining Equities Pty Ltd for approximately AUD 0.5 million on March 17, 2022. Transaction is subject to certain conditions. Bulletin Resources Limited Alloted 0.5 million shares as non refundable deposit.
Bulletin Resources Limited (ASX:BNR) completed the acquisition of E74/680 and E74/698 tenements from Mining Equities Pty Ltd on June 27, 2022. Ankündigung • May 12
Bulletin Resources Limited Provides Activity Update on its 130Km2 Ravensthorpe Lithium Project Bulletin Resources Limited provided an activity update on its 130km2 Ravensthorpe Lithium Project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. The Light Detection and Ranging (LIDAR) and high resolution aerial imagery survey is scheduled to commence shortly. The survey will create a high resolution 3D image of the earth's surface to assist in identifying new pegmatite outcrops over the Project area, including geologically prospective pegmatite areas and potential extensions to the Western and Eastern Pegmatite Trends. The survey is designed to deliver a digital elevation model (DEM) on a 1x1m grid scale with 20cm vertical resolution and an overlying image with 7.5cm pixel resolution. The high resolution nature of the survey has been devised to uncover undiscovered or hidden pegmatites beneath vegetation. To date, in excess of 100 pegmatites have been found along the Eastern Pegmatite Trend which remains open to the north. It is considered high likely additional pegmatites will be found in this new survey given the success in finding additional pegmatites with each on-ground mapping campaign previously conducted. Importantly this technique has been successfully used in the region by other explorers and producers. Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 5 non-independent directors. CEO & Director Mark Csar was the last director to join the board, commencing their role in 2022. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Ankündigung • Apr 01
Bulletin Resources Limited Provides Laboratory Assay Results from the Recent Mapping and Rock-Chip Program on Its 130Km2 Ravensthorpe Lithium Project Bulletin Resources Limited provided laboratory assay results from the recent mapping and rock-chip program on its 130km Ravensthorpe Lithium Project. The project is located only 12kmsouthwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. Eastern Pegmatite Trend; The high lithium grade nature of the two newly identified outcropping and lag spodumene occurrences along the Eastern Pegmatite Trend is confirmed by laboratory analysis. Two rock chip samples of spodumene in pegmatite lag 800m to the north of the Big pegmatite spodumene discovery returned high lithium grades of: 7.04% Li2O; 1.49% Li2O. Spodumene bearing pegmatite outcrop located 700m southwest of the previously reported spodumene in lag found at Big pegmatite was also sampled. The two rock chip samples returned high lithium grades of: 6.80% Li2O; 2.17% Li2O. These two new finds of spodumene lithium mineralisation some distance from Big pegmatite complement the known spodumene occurrences at Big, Deep Purple and Creek pegmatites. These additional finds of spodumene bearing pegmatite outcrops support and significantly increase the lithium prospectivity of the broader Eastern Pegmatite Trend. Mapping of the 4km Eastern Pegmatite Trend, which is open to the north, has found approximately 100 pegmatite outcrops to date. The 700m x 500m area of Big pegmatite comprises approximately 40 pegmatite outcrops in a close-spaced stacked dyke swarm arrangement. Individual pegmatites within the stacked swarm arrangement at Big generally dip gently to the west and southwest and are estimated to have a true thickness of up to 10m. Mapping also discovered a lepidolite bearing pegmatite approximately 500m east of Phillips South pegmatite and 200m east of the spodumene pegmatite lag rock chip samples discussed above. Thelepidolite grades are comparable to the higher lithium lepidolite grades in rock chips previously seen at Horseshoe pegmatite in the Western Pegmatite Trend 3kms to the west with results of 4.01% Li2O; 3.62% Li2O; 3.05% Li2O. Recent Insider Transactions • Mar 24
Non-Executive Director recently bought AU$107k worth of stock On the 21st of March, Robert Martin bought around 667k shares on-market at roughly AU$0.16 per share. This was the largest purchase by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Reported Earnings • Mar 17
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0.008 (up from AU$0.003 in 1H 2021). Net income: AU$1.86m (up 219% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 80% per year, which means it is significantly lagging earnings growth. Ankündigung • Feb 22
Bulletin Resources Limited Provides Laboratory Results from Recent Rock-Chip Sampling Conducted At the Western Pegmatite Trend At Its Ravensthorpe Lithium Project Bulletin Resources Limited provide laboratory results from recent rock-chip sampling conducted at the Western Pegmatite Trend at its Ravensthorpe Lithium project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. An initial, limited rock-chip sampling program at regular 10m intervals along the strike of a 1m wide and 50m long, lepidolite rich, outcrop in the southern portion of the Horseshoe pegmatite returned lithium grades up to 4.50% Li2O with an average grade of 3.1% Li2O, 0.8% Rb and 0.16% Cs. Laboratory results of the six rock chip samples at Horseshoe pegmatite are: 4.50% Li2O 3.09% Li2O 2.85% Li2O 2.79% Li2O 2.68% Li2O 2.39% Li2O. The previous explorer, Lithium Australia, mapped extensions to the lepidolite zone sampled in this recent mapping program at the Horseshoe pegmatite and these extensions will be sampled to gain a better understanding of the potential of the area . While no spodumene has been mapped as of yet in this part of the Horseshoe pegmatite, the remainder of Horseshoe as well as other outcropping pegmatites in the Western Pegmatite Trend will be investigated to evaluate their potential economic value. Ankündigung • Feb 17
Bulletin Resources Limited Provides Laboratory Assay Results from Recent Rock-Chip Sampling At Its Ravensthorpe Lithium Project Bulletin Resources Limited provided laboratory assay results from recent rock-chip sampling at its Ravensthorpe Lithium project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. Eastern Pegmatite Trend: Rock chip samples were collected from Big pegmatite and other areas of the Eastern Pegmatite trend during a mapping and exploration program where spodumene was identified at Big pegmatite for the first time. Assays returned high grades of lithium with an exceptional best assay of 8.21% Li2O. The laboratory assay results confirm earlier visual observations of spodumene and lesser amblygonite lithium mineralisation along the southern extent of Big pegmatite. Rock chip assays at Big pegmatite include: 8.21% Li2O, 6.95% Li2O, 5.45% Li2O, 5.39% Li2O, 4.18% Li2O, 3.92% Li2O and 3.83% Li2O. The rock chips are from outcropping, subcropping and lag samples of the core zone at Big pegmatite. The results provide strong evidence that the core of Big pegmatite contains spodumene and other lithium rich minerals and highlights the lithium prospectivity of Big pegmatite and the broader Eastern Pegmatite Trend. As previously reported, mapping of the flat-lying to gently undulating Big pegmatite substantially increased the outcrop and subcrop size to approximately 700m x 500m, a tenfold increase from the initial reported size. Mapping indicates the general dip direction is west to southwest. Furthermore, another large and flat-lying outcropping pegmatite swarm has also been mapped 700m further south of Big pegmatite. The significant size of these pegmatites is very important as it provides potential for economic scale operations should drilling confirm sufficient thickness and lithium grades. Importantly, this is even more significant when considering the very close location to AKE's Mt Cattlin Lithium Mine. The prospectivity of the Eastern Pegmatite Trend is further supported by known spodumene outcrops approximately 2.5km to the north at Deep Purple pegmatite and Creek pegmatite. Mapping has extended the Eastern Pegmatite Trend to at least 4km in length with a large and flat-lying outcropping pegmatite swarm identified 700m further south of Big pegmatite. The potential for additional outcropping LCT pegmatites remains open to the north. The recognition of spodumene and amblygonite lithium results from the recent mapping and sampling campaign has significantly elevated Bulletin's opinion of the prospectivity of Big pegmatite and the Eastern Trend pegmatites. Bulletin will continue the mapping and sampling program while environmental studies, including seasonal flora and fauna surveys required for clearing permits in preparation for drilling are progressed as quickly as possible. Ankündigung • Jan 24
Bulletin Resources Limited Provides an Exploration Update from Recent Mapping and Rock-Chip Assay Results on Its Ravensthorpe Lithium Project Bulletin Resources Limited provided an exploration update from recent mapping and rock-chip assay results on its Ravensthorpe Lithium project. The project is located only 12km southwest and along strike of Allkem Limited's Mt Cattlin Lithium Mine. On-ground mapping has identified outcropping, subcropping and lag spodumene at Big pegmatite. This is the first indication that the core of Big pegmatite contains spodumene and provides strong evidence for lithium prospectivity of the Big pegmatite and the broader Eastern Pegmatite Trend. The prospectivity of the Eastern Pegmatite Trend is further supported by known spodumene outcrops approximately 2.5km to the north at Deep Purple pegmatite and Creek pegmatite. Mapping of the flat-lying to gently undulating Big pegmatite has substantially increased the outcrop and subcrop size to approximately 700m x 500m, a tenfold increase from the previously reported size. Another large and flat-lying outcropping pegmatite swarm has also been mapped 700m further south of Big pegmatite. The significant size of these pegmatites is very important as it provides potential for economic scale operations should drilling confirm sufficient thickness and lithium grades. This is even more significant when considering the very close location to AKE's Mt Cattlin Lithium Mine. Recent work at the Ravensthorpe Lithium project has noted the following which provides strong encouragement for lithium enrichment within the pegmatite bodies of the Eastern Pegmatite Trend as indicated by: the presence of spodumene outcrop and float at Big pegmatite, the presence of outcropping spodumene bearing pegmatites 2.5km to the north along trend at Deep, Purple and Creek pegmatites, indications of pegmatite fractionation such as coarse mica and tourmaline in pegmatite wall zones, low ratios of K:Rb, K:Cs and Ba:Rb in rock-chip sampling of mica and microcline in the wall zone of the flatter-lying pegmatites indicating fractionation within the pegmatites. Mapping has also extended the Eastern Pegmatite Trend to at least 4km in length and the potential for additional outcropping LCT pegmatites remains open to the north. The recent mapping campaign has resulted in the discovery of new LCT pegmatite outcrops, raising the prospectivity of this underexplored area. Bulletin will continue the mapping and sampling program while environmental studies, including seasonal flora and fauna surveys required for clearing permits progress. Ankündigung • Dec 13
Bulletin Resources Limited Provides Rock-Chip Assay Results from Recent Work on Its Ravensthorpe Lithium Project Bulletin Resources Limited provided rock-chip assay results from recent work on its Ravensthorpe Lithium project. The 57km2 tenement is located 12km southwest and along strike of Orocobre Limited's Mt Cattlin Lithium Mine. High-grade lithium assays of rock chips from a series of pegmatite outcrops over a 2.5km extent confirm the lithium potential of the Ravensthorpe Lithium project. Results from 37 rock chip samples have been returned from the laboratory. Mapping and sampling along creek beds and at previously known pegmatite sites has defined a 2.5km series of lithium bearing pegmatite outcrops that range in size from 10's to 100's of metres. At this stage it is uncertain if topography has limited outcrop size or if the outcrops join into larger pegmatites at depth. Vegetation is well developed in the area, and it is very likely that additional lithium bearing pegmatites, within and along the 2.5km zone will be found with further on-ground mapping and sampling. A summary of sampled The Deep Purple pegmatite is a broad, 700m long swarm of outcropping and subcropping pegmatites, with pegmatite rubble (lag) down slope and along trend suggesting continuation under cover. The pegmatites dip moderately west. An outcrop of pegmatite core zone measuring 10m x 15m in area contains grey coloured spodumene typified by large crystals up to 20cm in length with grades to 6.54% Li2O. Other lithium minerals observed at Deep Purple Pegmatite include lepidolite and less commonly, zinnwaldite. Outcrops north of Deep Purple appear to be truncated by an east-west trending Proterozoic dolerite dyke and extensions northwards remain to be determined. The Creek pegmatite lies west of the Deep Purple pegmatite trend. The pegmatite core zone outcrop is limited to a creek bed and hosts large 10cm to 15cm green altered spodumene laths. Spodumene samples were intensely weathered and altered with grades of 1.08% Li2O and 0.16% Li2O indicating lithium has remobilised, possibly into adjacent lepidolite. The spodumene is green due to higher Fe content and may represent a less fractionated melt to that seen at Deep Purple pegmatite. The Phillips South pegmatite is a series of small pegmatite outcrops in a 170m long north-south trend with an apparent thickness of 25m. Lepidolite and green muscovite, indicative of pegmatite fractionation was noted, and rock textures indicate the outcrop comprises the intermediate zone of the pegmatite. Lepidolite rock-chip samples assayed up to 2.67% Li2O, 1.6% Rb and 1957ppm Cs. The Big pegmatite dips gently west and is approximately 100m x 300m in size and extensions are likely with additional mapping. The Big pegmatite has a surface expression of sub cropping and outcropping rocks defining the surface of hill. Within the lower elevation creek bed, it outcrops as a large microcline rich pavement. The size and nature of the microcline indicates the outcrop exposed at surface is the wall and intermediate zone of a sizeable pegmatitic body. A large green pod of muscovite on what may be the pegmatite intermediate - core margin was mapped. The green colouration of muscovite is encouraging as it may be indicative of fractionation and can be associated with lithium mineralization. The potential of lithium mineralization within the core of the pegmatite is supported by the low fractionation indices of K:Rb, K:Cs and Ba:Rb. Low fractionation indices indicate a more fractionated, or better evolved magma melt, leading to the development of higher-grade lithium bearing minerals in the pegmatite core zone. The Quarry pegmatite was reportedly historically mined for tantalite and has a strike length of approximately 500m, dipping gently west. The northern end of the pegmatite contains a quartz-lepidolite-zinnwaldite core zone of approximately 80m length. Drilling by Amax reported the pegmatite to be 14m - 24m thick with a best result of 2m at 0.28% Li2O from 6m in hole CD5 (DMIRS Wamex reference a10799). Bulletin rock chipping of lepidolite bearing pegmatite outcrops at surface returned results of 3.28% Li2O and 3.01% Li2O. Ankündigung • Sep 12
Bulletin Resources Limited Provides an Update on Its Ravensthorpe Lithium Project Bulletin Resources Limited provided an update on its Ravensthorpe Lithium project following a review of historical exploration data. The 57km2 tenement is located 12km southwest and along strike of Galaxy Resources Limited's Mt Cattlin Lithium Mine. The tenement contains known lithium bearing pegmatites and has potential for gold. Bulletin believes the area is underexplored and pegmatite exploration targets comprise: Outcropping pegmatites that have had little or no previous exploration; Non-outcropping or buried pegmatites; Lithium at depth below the outcropping Horseshoe pegmatite that has been previously drilled; Additionally, the potential for gold is yet to be tested. Greenstones at the Ravensthorpe Lithium Project host a swarm of pegmatites, loosely referred to as the Cocanarup Pegmatites. The pegmatites are considered LCT (Lithium-Caesium-Tantalum) type pegmatites. Outcropping pegmatites have been initially tested by rock chip sampling by past explorers. Only one pegmatite outcrop has had follow up exploration with a costean and a small drill program. Costean sampling of the lepidolite-spodumene mineralised Horseshoe pegmatite returned a result of 10m @ 1.1% Li2O including 1m @ 2.91% Li2O. Unexplored Potential of other Outcropping Pegmatites: Outcropping pegmatites in the tenement area that have yet to be drilled include Deep Purple, Quarry and Eastern. Deep Purple and Deep Purple South pegmatites lie either side of the eastern boundary of the tenement. The pegmatites dip moderately west into Bulletin's tenure. Both spodumene and lepidolite mineralisation is reported in mapping with the northern Deep Purple pegmatite recording a 20m long lepidolite core. Mapping at Deep Purple also reported a weathered spodumene rock chip sample grading 6.6% Li2O. The Quarry pegmatite is recorded as being up to 22m thick, gently dipping to the west. The pegmatite was originally mined for tantalum with unconfirmed production of 750kg of tantalite (a tantalum bearing mineral) from 1,500t of pegmatite. Lithium mineralisation at Quarry is hosted in massive zinnwaldite and lepidolite where these minerals are reported to constitute up 30% of the rock. The Eastern pegmatite trends north for 1km and is approximately 80m wide at the surface and dips 40 degrees west giving a true thickness of approximately 40m. Minor rock chipping of the pegmatite has shown minimal elevated lithium grades to date. Weathering of the pegmatite may have leached out near surface lithium mineralisation and further exploration is warranted. Ankündigung • Sep 03
Bulletin Resources Limited Expands Project Portfolio - Duketon North Project Bulletin Resources Limited announced that the Western Australian Department of Mines Industry Regulation and Safety (DMIRS) has granted the Duketon North Project E38/3552 totalling 176km2 in area. The Duketon North Project is located 150km north-northwest of Laverton. The Project lies within the highly prospective Duketon Greenstone belt that hosts the nearby Regis Resources' 3Mtpa Moolart Well gold operations 30km to the south and the 9,300t Ni (573kt at 1.63% Ni, 1.19% Cu) Olympia nickel deposit 35km to the north. Geology at Duketon North comprises of a series of mafic and ultramafic, felsic volcanic and volcaniclastics, and associated sedimentary units including BIF. The sequence has been disrupted by several phases of faulting and folding which has resulted in a steep westerly dip and northwest strike to the stratigraphy. Surface geology comprises aeolian sands and stabilised sand dunes with minor hardpans and laterite development. The Turnback fault is a major regional shear zone that dominates the tenement and it is host to the Moolart Well gold deposit to the south. Previous exploration on the tenement is limited and has largely been focused in the north of the tenement at the Collurabbie South prospect where aircore drilling intersected 4m @ 0.75% Ni, 684ppm Co beneath an intersection of 4m @ 0.13% Cu in hole CBA074. A number of conductors were identified in an electromagnetic (EM) survey and five diamond holes were drilled. The diamond drilling identified barren sulphides but the EM conductor associated with the anomalous aircore drill hole CBA074 was not tested and remains to be followed up. Gold exploration at Collurabbie South followed earlier nickel work. Wide spaced aircore drilling of a 4km long gold-in-soil anomaly in the north of the tenement failed to explain the surface anomaly. Further work in the area is required to resolve the source of the gold-in-soil anomalism. The potential in the south of the tenement along the Turnback fault towards Moolart Well and to the east on an isolated folded greenstone belt remains to be explored. The area to the south has been initially tested with wide spaced soil sampling which has likely been limited in effectiveness by the extensive aeolian sand plains. Ground EM in the area identified four conductors of which only one has been tested, intersecting barren sulphide bearing sediments. The remaining 3 conductors, including the strongest conductor of the four, still require testing with drilling. Validation and review of all previous exploration work is currently underway and an exploration plan will be developed in the short term with on-ground work to follow. Executive Departure • Sep 01
Non-Executive Director Franciscus Sibbel has left the company On the 1st of September, Franciscus Sibbel's tenure as Non-Executive Director ended after 8.1 years in the role. As of June 2021, Franciscus still personally held 2.25m shares (AU$173k worth at the time). Franciscus is the only executive to leave the company over the last 12 months. Ankündigung • Jul 16
Bulletin Resources Limited Advises its Latest Aircore Drilling Program Totaling 206 Holes for 8,383M Has Finished at the Lake Rebecca Gold Project Bulletin Resources Limited advised its latest aircore drilling program totaling 206 holes for 8,383m has finished at the Lake Rebecca gold project, 150km east north-east of Kalgoorlie, Western Australia. The Lake Rebecca gold project is immediately along strike of Apollo Consolidated Limited's 1.1M oz Rebecca Gold Project. Drilling targeted fold structures and strike extensions of a 2.4km long gold trend identified in earlier lake drilling as well as a structurally complex thrust fault zone along a major north-south structure to the east. All significant mineralisation in the Lake Rebecca area appears to have a close association with folding or a structural event. The drilling was designed to test for anomalous gold within regolith or weathered rock above basement rocks. This near surface gold anomalism may be indicative of potential gold mineralisation at depth. A similar near surface gold anomalism above AOP's Rebecca gold deposit led to the discovery of the Rebecca gold deposit system. Basement rock types intersected were granodiorite, tonalite, ultramafics and amphibolite. These lithologies are the same as those seen further south and in drilling along the Rebecca trend to the west. Average depth to basement was 41m with the overlying regolith comprising transported cover averaging 28m thickness and 13m of weathered saprolite. All samples have been sent to the laboratory in Kalgoorlie with results expected to be returned in August. The Lake Rebecca Gold Project is approximately 150km east north-east of Kalgoorlie, WA and comprises five granted Exploration Licences over a 575km2 area. The two northern tenements of E28/2600 and E28/2635, totaling 170km2 are held in JV with Matsa Resources Ltd. (BNR 80%: MAT 20%), whilst the remaining tenements are wholly owned by Bulletin. The project is in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold zones in the WA Goldfields. The zone hosts the Sunrise Dam, Wallaby, Red October and Granny Smith gold camps. The tenements are adjacent to, and along strike of Apollo Consolidated Ltd. ("AOP") 1.1M oz Rebecca Gold Project. Ankündigung • Jun 11
Bulletin Resources Limited's New Drilling Program Commences At Lake Rebecca Bulletin Resources Limited advised an 8,000m aircore drilling program is about to commence at its Lake Rebecca gold project, 150km east north-east of Kalgoorlie, Western Australia. The Lake Rebecca gold project is immediately along strike of Apollo Consolidated Limited's 1.1M oz Rebecca Gold Project. The 8,000m land aircore drill program is planned to test the potential for gold mineralisation along strike of a 2.4km long gold trend identified in the January 2021 successful lake aircore program as well as a structurally complex thrust fault zone along a major north-south structure to the east. The aircore drilling will test for anomalous gold within regolith or weathered rock above basement rocks. This near surface gold anomalism may be indicative of potential gold deposits at depth and a similar near surface gold anomalism above AOP's Rebecca gold deposit led to the discovery of the Rebecca gold deposit system. Gold mineralisation found within the Lake Rebecca area is associated with folds or associated shearing and these structural targets are the focus for Bulletin's search for a new gold deposit in the region. Over 40 priority targets remain to be tested within the Lake Rebecca Gold Project area. Bulletin plans to progressively explore this highly prospective land package with the aim of finding another valuable gold deposit in the area. The Lake Rebecca Gold Project is approximately 150km east north-east of Kalgoorlie, WA and comprises five granted Exploration Licences over a 575km2 area. The two northern tenements of E28/2600 and E28/2635, totaling 170km2 are held in JV with Matsa Gold Pty Ltd. (BNR 80%: MAT 20%), whilst the remaining tenements are wholly owned by Bulletin. The project is in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold zones in the WA Goldfields. The zone hosts the Sunrise Dam, Wallaby, Red October and Granny Smith gold camps. The tenements are adjacent to, and along strike of Apollo Consolidated Ltd. ("AOP") 1.1M oz Rebecca Gold Project. Ankündigung • Jun 02
Bulletin Resources Limited Announces Results from 1M Splits from the Recent Drilling Program at its Lake Rebecca Gold Project, 150Km East North-East of Kalgoorlie, Western Australia Bulletin Resources Limited announced results from 1m splits from the recent drilling program at its Lake Rebecca gold project, 150km east north-east of Kalgoorlie, Western Australia. The Lake Rebecca gold project is immediately along strike of Apollo Consolidated Limited's 1.1M oz Rebecca gold project. One metre sample splits from Bulletin's recently completed RC drilling program have identified high grade gold zones within wider gold mineralised intercepts. The results are highly encouraging as they indicate the area has the potential for higher grade gold zones similar to those found at the Rebecca gold deposit immediately to the south. Assay results from 1m split sampling include: 1m @ 11.30 g/t Au. within 2m at 5.86 g/t Au from 147m 21LRRC213. 1m @ 2.49 g/t Au. within 4m at 1.24 g/t Au from 31m 21LRRC208. 1m @ 3.01 g/t Au. within 11m at 1.05 g/t Au from 102m 21LRRC206. Recent drilling north of Bulletin's new tenement boundary has highlighted that the Rebecca gold trend extends at least 600m further into Bulletin's ground and remains open to the northwest. Importantly, higher grade intercepts of 1m at 3.01 g/t Au within 11m at 1.05g/t Au in hole 21LRRC206 and 1m @ 2.49g/t Au within 4m at 1.24g/t Au in hole 21LRRC208 demonstrates the gold system in this area contains higher grade zones within wider gold intercepts. This higher grade gold zonation is seen in drilling further south at Apollo's Rebecca deposit in the development of the Laura, Maddy and Jennifer lodes and is considered to be a key driver for project economics. Infill drilling of these wide spaced RC holes as well as extensional drilling both north and south along strike is planned to test for additional higher grade zones in the Rebecca trend. Bulletin also drilled 2 RC holes on the lake edge, east of the Rebecca gold trend to test down-dip extensions of Rebecca style mineralisation where shallow aircore drill intercepted 2m at 2.72g/t Au, 8m at 0.51g/t Au and 8m and 0.32g/t Au within saprolite. The 1m split sampling of hole 21LRRC213 returned a result of 2m @ 5.86g/t Au including 1m at 11.30g/t Au, down-dip of the western aircore drillhole. This intercept is hosted within a dolerite dyke near the granodiorite contact rather than typical Rebecca type mineralisation. The dyke is interpreted to have intruded into the granodiorite along deep seated faults that were the pathways for gold-bearing fluids. While the dyke has stoped out or removed Rebecca style mineralisation in this area, the presence of gold mineralisation in the dyke, along with the near surface Rebecca style mineralised saprolite seen in aircore drilling, strongly supports further work in this area. Tight spaced magnetics to accurately map the dykes are planned in this area, prior to further drilling. Additional potential also remains to be tested immediately east beneath the wider intercepts of 8m at 0.51g/t Au and 8m and 0.32g/t Au in drill hole 20LRAC088. The high grade intersection of 2m @ 5.86g/t Au including 1m at 11.30g/t Au in hole 21LRRC213 beneath the saprolite intercept immediately west of this target provides strong encouragement to test this eastern target. Ankündigung • May 04
Bulletin Resources Limited Announces Drilling Identifies Two Mineralised Zones at Lake Rebecca Bulletin Resources Limited provides results from the recent drilling program at its Lake Rebecca gold project, 150km east north-east of Kalgoorlie, Western Australia. The Lake Rebecca gold project is immediately along strike of Apollo Consolidated Limited's 1.1M oz Rebecca gold project. Following the recent sale of 1.35km2 of ground to Apollo, Bulletin completed a 9 hole RC drilling program for 1,914m further north along strike of the Rebecca gold trend. This drilling has extended the Rebecca mineralisation at least 600m along strike into Bulletin's ground from the new tenement boundary and the gold trend remains open to the northwest (Figure 1). Assay results from 3m composite sampling include: 12m @ 0.77 g/t Au from 102m 21LRRC206; Incl. 3m at 1.56 g/t Au from 108m; 3m @ 0.91 g/t Au from 147m 21LRRC213; 3m @ 0.58 g/t Au from 39m 21LRRC206; 3m @ 0.54 g/t Au from 81m 21LRRC208. Significantly, the 3m composite results are of similar tenor to drilling further south conducted by Bulletin in the 1.35km2 area sold to Apollo for approximately $5.6M in January of this year. A second mineralised zone is seen further north. Two holes which were drilled to test down-dip extensions of shallow aircore drilling that intersected Rebecca mineralisation style gold intercepts of 2m @ 2.72 g/t Au and 8m @ 0.51g/t Au in quartz veining and silicification within saprolite. This drilling intersected an elevated gold intercept of 3m @ 0.91g/t Au from 147m in hole 21LRRC214. This intercept is hosted within a dolerite dyke near the granodiorite contact rather than typical Rebecca type mineralisation. This Proterozoic dyke is interpreted to have intruded into the granodiorite along deep seated faults that were the pathways for gold-bearing fluids. While the dyke has stoped out or removed Rebecca type mineralisation in this area, the presence of mineralisation in the dyke, along with the near surface saprolite mineralisation seen in aircore drilling supports further work in this area. Tight spaced magnetics to accurately map the dykes are planned in this area prior to further drilling. The Lake Rebecca gold project is approximately 150km east north-east of Kalgoorlie, WA and comprises five granted Exploration Licences over a 575km2 area. The two northern tenements of E28/2600 and E28/2635, totalling 170km2 are held in JV with Matsa Gold Pty Ltd. (BNR 80%: MAT 20%), whilst the remaining tenements are wholly owned by Bulletin. The project is in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold zones in the WA Goldfields. The zone hosts the Sunrise Dam, Wallaby, Red October and Granny Smith gold camps. The tenements are adjacent to, and along strike of Apollo Consolidated Ltd. ("AOP") 1.1M oz Rebecca Gold project. Highlights: New wide spaced drilling identifies two gold mineralised zones: 600m long gold mineralisation in Bulletin's Lake Rebecca gold project which is an extension of the Rebecca trend; Drilling below previously released anomalous aircore results to the northeast also supports another gold zone to the east of the Rebecca trend; The Rebecca gold mineralisation trend remains open to the northwest with potential to increase the 600m strike extent Gold results are comparable to results of previous drilling to the south where ground was sold to Apollo Consolidated Limited; Gold intercepts from drilling supports Bulletin's view that the Lake Rebecca area has strong potential for additional significant; mineralisation; Results from 3m composite sampling include: 12m @ 0.77g/t Au from 102; Incl. 3m @ 1.56 g/t Au; 3m @ 0.91 g/t Au from 147m; 3m @ 0.58 g/t Au from 39m; 3m @ 0.54 g/t Au from 81m. Ankündigung • Feb 12
Bulletin Resources Limited Announces Successful Drilling Identifies New 2.4 Km Gold Zone Lake Rebecca Gold Project Bulletin Resources Limited announced assay results from its first aircore drilling program at its Lake Rebecca gold project (BNR 80%; MAT 20%), 150km east north-east of Kalgoorlie, Western Australia. The project is immediately along strike of Apollo Consolidated Limited's 1.03M oz Au Rebecca gold project. Bulletin's lake aircore drilling program was designed as an initial test of structural features such as folds that are considered prospective for gold. The aircore drilling has identified several new mineralised gold zones that have comparable gold tenor and extent to the >0.1 g/t gold anomaly that led to the discovery of Apollo's Rebecca gold deposit. The discovery of these mineralised zones provides Bulletin with strong support and encouragement for finding additional gold deposits on its tenement package. Significant gold intercepts within the anomalous gold zones include: 2m at 2.72 g/t Au from 33m, 20LRAC087; incl. 1m at 4.86 g/t Au from 33m; 8m at 0.51 g/t Au from 28m, 20LRAC088; 7m at 0.73 g/t Au from 76m, 20LRAC169; incl. 1m at 2.03 g/t Au from 82m to end of hole; 3m at 0.75 g/t Au from 76m, 20LRAC187; 8m at 0.47 g/t Au from 72m, 20LRAC190; 4m at 0.48 g/t Au from 20m, 20LRAC029. Drilling concluded in mid-January 2021 and totalled 182 holes for 7,307m. The drilling targeted anomalous gold zones within regolith or weathered rock (saprolite) which are considered indicative of potential gold deposits at depth. Bulletin's aircore drilling has identified several gold zones of >0.1g/t Au in the Rebecca Complex. The presence of multiple sub-parallel mineralisation zones is consistent with previous observations that gold mineralisation at Lake Rebecca is hosted within a series of sub-parallel zones on or near fold structures. Drilling has shown that the western portion of the salt lake overlies a typical saprolite profile averaging 20m thickness beneath shallow lake cover of approximately 10m thickness. Intercepts of 2m at 2.72 g/t Au including 1m at 4.86g/t Au from 33m in hole 20LRAC087, 8m at 0.51 g/t Au from 28m and 8m at 0.32 g/t Au from 40m in 20LRAC088 include observations of elevated quartz veining and silicification within saprolite. Elevated silicification is commonly associated with gold zones further south as observed in Bulletin's previous RC drilling and Apollo's Rebecca deposit. These new gold intercepts are interpreted to be an extension of the gold zones associated with the Rebecca deposit to the south and are approximately 1.2km north along strike from the new tenement boundary. As well as the interpreted Rebecca lode style mineralisation in holes 20LRAC087 and 20LRAC088, a series of supergene mineralisation zones of >0.1g/t Au within saprolite including 4m at 0.48 g/t Au from 20m in hole 20LRAC029 are recognised in the western half of Lake Rebecca. In the western half, the supergene mineralisation zones range to over 1km in length and are interpreted to lie either subparallel to regional geology or in a northeast zone, possibly sympathetic to the zone of ancient drainage systems leading towards deeper portions of the salt lake. Eastern Side of Lake Rebecca The eastern half of the salt lake is deeper than the western half and is dominated by paleo-channel or ancient river sediments that have eroded much of the saprolite profile. The paleo-channel has an average depth of 58m and consists of a series of several fining-up sequences of gravels, sands and clays. The paleo-channel appears to deepen to the north indicating that the present day salt lake position may be south of the ancient river system when it was most active. Paleo-channels may host alluvial gold that has been transported from nearby weathered deposits. A north striking gold mineralised zone of 2.4km in length is present in the eastern half of Lake Rebecca, subparallel to regional geology. The zone is open along strike. Gold mineralisation in the zone is hosted in saprolite or within the lower-most portion of the paleo-channel directly above saprolite. Aircore hole 20LRAC169 ended at 83m and intersected 7m at 0.73g/t Au from 76m to end of hole at 83m with the bottom 1m within this 7m interval returning 1m at 2.03g/t Au. The lower 3m of this interval is hosted within ultramafic saprolite, indicating mineralisation is in-situ and potentially reflective of bedrock mineralisation at depth. The potential for deeper mineralisation is also supported in drilling 400m north with saprolite intervals of 8m at 0.18g/t Au from 76m in hole 20LRAC174 and 4m at 0.17g/t Au from 76m in 20LRAC175. Further north, intersections of 3m at 0.75g/t Au from 76m in hole 20LRAC187 and 8m at 0.47 g/t Au from 72m in hole 20LRAC190 are hosted within paleo-channel sands immediately above basement rocks. These intervals are interpreted to represent alluvial gold that has been transported from nearby weathered basement rocks. Lake Rebecca comprises four granted and one pending Exploration Licences over a 575km2 area. It is located approximately 150km east north-east of Kalgoorlie, WA. The project is located in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold zones in the WA Goldfields; hosting the Sunrise Dam, Wallaby, Red October and Granny Smith gold camps. The tenements are adjacent to, and along strike of AOP's Rebecca Gold project. Ankündigung • Feb 03
Apollo Consolidated Limited (ASX:AOP) acquired 400m wide strip of Lake Rebecca gold project from Bulletin Resources Limited (ASX:BNR) and Matsa Resources Limited (ASX:MAT) for AUD 5.6 million. Apollo Consolidated Limited (ASX:AOP) acquired 400m wide strip of Lake Rebecca gold project from Bulletin Resources Limited (ASX:BNR) and Matsa Resources Limited (ASX:MAT) for AUD 5.6 million on February 2, 2021. The consideration will be paid through cash payment of AUD 0.25 million on fulfillment of certain conditions, issue of 10.75 million shares of Apollo Consolidated Limited half of which will be escrowed for 6 months and the rest will be escrowed for 12 months from the date of issue and AUD 1 million in cash or fully paid shares of Apollo Consolidated Limited, at the discretion of Apollo Consolidated Limited, on the earliest of the granting of a Mining Lease to Apollo Consolidated Limited over the sale area or 24 months from signing and on earliest of decision of Apollo Consolidated Limited to mine or 48 months from signing, respectively. Bulletin and Matsa will split the consideration in ratio of stake held in Lake Rebecca Gold Project in Western Australia and Matsa will let go its 1% royalty on the sale area but retains the royalty over the remainder of E28/2600. As part of the transaction Apollo Consolidated Limited will acquire first right of refusal over exploration licence E28/2600 and E28/2635 should Bulletin and Matsa look to dispose of any or all of their interest in these tenements.
Apollo Consolidated Limited (ASX:AOP) completed the acquisition of 400m wide strip of Lake Rebecca gold project from Bulletin Resources Limited (ASX:BNR) and Matsa Resources Limited (ASX:MAT) on February 2, 2021. Ankündigung • Nov 18
Bulletin Resources Limited Announces New Drilling Program to Commence at Lake Rebecca Gold Project Bulletin Resources Limited announced a major new 8,500m lake aircore drilling program at its Lake Rebecca gold project is about to commence. Bulletin's 576km2 Lake Rebecca gold project (BNR 80%; MAT 20%) is located 150km east north-east of Kalgoorlie, Western Australia and is immediately along strike of Apollo Consolidated Limited's 1.03M oz gold Rebecca project. Bulletin's recent geological and geophysical study of its Lake Rebecca gold project recognised that the informally named "Rebecca Complex" geological unit is the host to AOP's Rebecca, Duke and Duchess gold deposits as well as Bulletin's drill intercepts along strike of the Rebecca deposit that include 1m @ 19.3g/t Au and 9m @ 1.41g/t Au1. The study also recognised that all of the known deposits in the area are adjacent to folds in the Rebecca Complex. This 8,500m lake aircore drill program is planned to test folds and other structural features of the Rebecca Complex beneath the lake that are considered prospective for gold. The aircore drilling will test for anomalous gold within regolith or weathered rock above basement rocks which are indications for potential gold deposits at depth. Bulletin obtained Ministerial consent to access and explore on Lake Rebecca earlier this year which has enabled Bulletin to test these targets that have never been drilled before. Drilling will commence this week with drilling activities anticipated to extend into next year. Lake Rebecca comprises four granted and one pending Exploration Licences over a 576km2 area. It is located approximately 150km east north-east of Kalgoorlie, WA. The project is located in the southern part of the Laverton Tectonic Zone, a regional scale shear/fault system that is one of the more productive gold trends in the WA Goldfields which hosts the Sunrise Dam, Wallaby, Red October and Granny Smith gold mines, amongst others. The tenements are adjacent to, and along strike of AOP's >1Moz Rebecca Gold project. Ankündigung • Jul 30
Bulletin Resources Limited (ASX:BNR) acquired two granted exploration tenements near Lake Rebecca gold project for AUD 0.03 million. Bulletin Resources Limited (ASX:BNR) acquired two granted exploration tenements near Lake Rebecca gold project for AUD 0.03 million on April 2, 2020.
Bulletin Resources Limited (ASX:BNR) completed the acquisition of two granted exploration tenements near Lake Rebecca gold project on April 2, 2020. 