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Breaker Resources NL
Summary
| Project: | Lake Roe | |
|---|---|---|
| Deposit: | Bombara | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-4-2018: Breaker Resources NL announces a Resource Estimation report for its Bombara deposit at the Lake Roe project. Initial mineral resource estimate for Lake Roe. Breaker Resources NL (ASX: BRB) is pleased to advise that it has completed a maiden JOR | |
| Resources: | (Resource, I+I): 11.876Mt @ 1.6g/t Au for 624Koz Au | |
| CP/QP: | [Resources]: Christine Shore (Internal) | |
| ABSTRACT: | Breaker Resources NL (ASX: BRB) is pleased to advise that it has completed a maiden JORC 2012 Mineral Resource estimate at the greenfields Bombora gold discovery, part of its 100%-owned Lake Roe Gold Project, 100km east of Kalgoorlie, WA. The maiden Mineral Resource estimate, which includes resource drilling completed to mid-March 2018, confirms a robust gold deposit with exceptional open pit and underground growth potential. A gold endowment of 3,000-5,000 ounces per vertical metre (OVM) in areas of adequate drill density compares favourably with many well-known deposits in WA and overseas (Figure 1). The Mineral Resource estimate was completed by Breaker Resources NL and was independently audited by Cube Consulting Pty Ltd. The maiden JORC 2012 Mineral Resource of 11.8Mt @ 1.6g/t gold for 624,000oz is limited by the early-stage nature of the resource drilling which has been in progress for only one year. It generally takes at least three years for a deposit to progress from discovery hole to a potentially economic resource. The sensitivity of the current Mineral Resource to variations in the gold price was assessed by using Whittle software to conduct various optimisations and/or sensitivity analysis at a wide range of gold prices as summarised in Table 1 below. The Mineral Resource is expected to increase with ongoing drilling and more of the current Mineral Resource is expected to be captured by Whittle optimisation. | |
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