Building a substantial new long-life gold project in
Australia's premier gold district
ASX Code: BDC
December 2018 RRS Investor Series
John Young, Managing Director | Melbourne | Sydney
Corporate Overview
Capital Structure
ASX Code
BDC
Shares on Issue | 915.7 million |
~$58 million (at 6.4c)
Market Capitalisation
Top 20 Shareholders | 36.2% |
12.46%
Board & Management
Cash at 30 November 2018 | ~$2.2 million |
Board of Directors
David Hatch
Non-executive Chairman
John Young | Managing Director |
Executive Director
Neil Biddle
Rowan Johnston | Executive Director |
Peter Buttigieg
Non-executive Director
Sam Randazzo | Non-executive Director |
Management & Technical Team
Russell Hardwick Sean Richardson Bradley Toms
Chief Financial Officer/Company Secretary Chief Operating Officer
Ross Whittle Herbert Catherine Jones
Exploration Manager Senior Geologist Senior Geologist
2018 - Transformational Year
✓ Two corporate mergers completed (Aphrodite Gold, Excelsior Gold)
✓ 12,700m of diamond and RC drilling at Aphrodite
✓ Total group Mineral Resource Estimate (MRE) completed for newly-consolidated Bardoc Gold Project:
✓ 38.6Mt @ 2.1g/t gold for 2,575,000 ounces of contained gold
(ASX Release 13 Nov 2018)
✓ Incorporates new Indicated and Inferred Resource for Aphrodite: ✓ 20.2Mt @ 2.4 g/t gold for 1,563,000 ounces of contained gold
✓ 2018 diamond drilling success at Zoroastrian points to potential expansion of underground Resources
✓ Technical / feasibility studies will continue into 2019 to advance the Bardoc production strategy
✓ Consolidated MRE provides a strong foundation for ongoing feasibility and technical studies aimed at establishing the Bardoc Gold Project as a significant new mid-tier gold development project in the North Kalgoorlie region of WA
✓ Potential for further consolidation opportunities
Aphrodite - Cornerstone Asset
▪ New Indicated and Inferred Mineral Resource:
▪ 20.2Mt @ 2.4 g/t gold for 1,563,000 ounces of contained gold
▪ 24% increase in contained ounces - up by 300,000oz
▪ Further drilling required targeting the "Alpha Deeps" which remains open in all directions
▪ 2019 Updated Exploration Target of 1.6 - 2.6Mt at 4 - 6g/t Au for ~200,000 to 500,000 ounces*
▪ Focus on the underground - conversion to Ore Reserve estimated at 45%
▪ R&D work on ore sorting is ongoing
* The potential quantities and grades of the Exploration Target are conceptual in nature and there has been insufficient exploration to date to define a Mineral Resource. It is not certain that further Exploration will result in the estimation of a Mineral Resource.
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Spitfire Materials Ltd. published this content on 10 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 December 2018 09:49:03 UTC