Building a substantial new long-life gold project in
Australia's premier gold district
ASX Code: BDC
February 2019 RRS Summer Series
Sydney | Melbourne
Corporate Overview
Capital Structure
ASX Code
BDC
Shares on Issue | 915.7 million |
~$41 million (at 4.5c)
Market Capitalisation
Top 20 Shareholders | 36.4% |
12.46%
Board & Management
Cash at 31 January 2019 | ~$1.6 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 Bradley TomsChief Financial Officer/Company Secretary Exploration Manager
Ross Whittle Herbert Catherine Jones
Senior Geologist Senior Geologist
2019 - Positioned for Growth
✓ 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 - Expansion of Alpha Deeps
▪ 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 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 February 2019 23:34:03 UTC