ASX : BDC
Developing a new +100kozpa gold project on the doorstep of Kalgoorlie
Ro ber t R y a n | C EO
G A I C Vi r tu a l G o l d C o n fe re n c e - 2 0 Au gu s t 2 0 2 0
Presentation Overview
1. | Executive Summary | Page |
3 | ||
2. | Background | 5 |
3. | The Project | 8 |
4. | Processing Flowsheet | 12 |
5. | Offtake | 13 |
6. | Financials | 14 |
7. | Implementation Plan | 16 |
8. | Peer Comparisons | 17 |
9. | Reasons to Invest | 19 |
Bardoc Gold Limited | 2 |
1. Executive Summary
Bardoc Gold
Project Status
Highlights
Bardoc Gold Limited
- An ASX listed gold developer focused on Bardoc - Black Flag area of WA
- ~250km2 area, 40km north of Kalgoorlie in Western Australia;
- Acquisition and consolidation of 5 adjacent projects / tenements; and o Previously unconsolidated and lacking systematic exploration.
- Targeting 135koz gold production from 2022
o | Capex | A$140 million |
o | Gold production | 1.0Moz |
o | AISC | A$1,220/oz |
- Near term catalysts for re-rating
o Pit Optimisation with A$2000/oz gold price | 3Q 2020 | |
o | Gold concentrate offtake | 4Q 2020 |
o | Definitive Feasibility Study | 1Q 2021 |
o | Further drilling success | ongoing |
- Tier 1 mining jurisdiction
- Near term production
- Post-issuecash of $35 million
- Exploration upside
- Positive sector thematics
- Cheap vs sector peers
Darwin
Northern
Territory
Western | Queensland | |
Australia Alice Springs | ||
South | Brisbane | |
Australia | ||
Kalgoorlie | New South | |
Perth | Wales | |
Bardoc Gold | Sydney | |
Adelaide | Canberra | |
Project | ||
Victori a |
Melbourne
Tas
Hobart
3
1. Executive Summary (cont.)
CAPITAL STRUCTURE
Shares | M | 1,714 |
Options | M | 115 |
Performance Rights | M | 48 |
Share price (13 August 2020) | A$ | $0.082 |
Market Capitalisation | A$ | $140 |
Cash & Investments | A$ | $35m |
Top 50 Shareholders | 46.93% |
SHARE PRICE
14 | 28 | ||
12 | 24 | ||
10 | 20 | ||
8 | 16 | ||
cps | 6 | Millions | |
12 | |||
4 | 8 | Volume | |
2 | 4 | ||
0 | 0 | ||
Jun 19 Jul 19 Aug 19 Sep 19 Oct 19 Nov 19Dec 19 Jan 20 Feb 20Mar 20Apr 20May 20Jun 20 Jul 20 |
SHAREHOLDER SNAPSHOT | BOARD & MANAGEMENT | ||
Tony Leibowitz | Chairman | ||
John Young | Director | ||
Neil Biddle | Director | ||
Rowan Johnston | Director | ||
Peter Buttigieg | Director | ||
Robert Ryan | Chief Executive Officer | ||
Russell Hardwick | CFO / Company Secretary |
Bardoc Gold Limited | 4 |
2. Background
Located 40km north of Kalgoorlie
Tier-1 Mining Jurisdiction
Located close to Power, Road and
Rail infrastructure
Until 2018 a series of small projects
Largely unexplored with sub-economic
projects on a standalone basis
Bardoc Gold Limited | 5 |
2. Background (cont.)
- An area needing consolidation
- Tenement areas were too small for effective exploration and/or successful project development;
- Separate ownership hindered value creation
- Consolidation
- Aphrodite deposit acquired via the merger with Aphrodite Gold in 2017
- Excelsior and Zoroastrian deposits acquired via merger with Excelsior Gold in 2018
Plus
- Low-cost,complementary acquisitions
o
o
Acquired 40 tenements from Torian Resources, May 2019
Purchase of Vettersburg tenement (Aug 2019) - opportunity to explore for extensions to historical Slug Hill gold mine (production of 26,535t at 23.5g/t Au for 20,008oz)
- Acquisition of Mayday North and North Kanowna Star in September 2019
Value creation for Bardoc shareholders
Bardoc Gold Limited | 6 |
3. The Project
3.1 Aphrodite
- Greenfields project with no previous mining activity
- Discovered in 1994 by Goldfields Ltd
- Acquired through the merger of Aphrodite Gold (ASX:AQQ) in 2017
1.7Moz Resource to underpin a long-life operation
Resource | |
Open Pit: | 18Mt at 1.6 g/t Au for 916 koz |
Underground: | 6Mt at 4.1g/t Au for 765 koz |
Significant upside potential
Resource remains open along strike and depth
Bardoc Gold Limited | 7 |
3. The Project (cont.)
Potential for Reserve Growth at Aphrodite
Open Pit Reserves: 2.8Mt at 2.3g/t Au for 210koz
Underground Reserves: 2.4Mt at 3.7g/t Au for 290koz
- Engineering studies to continue throughout 2020
- In-filldrilling targeting resource upgrades to improve Mining Reserves
- Sigma Pit provides growth opportunities for the current Mine Plan
Outstanding Infilling Results Leads to New ~3,000m Drilling Program
- 37m @ 6.21g/t Au from 90m 20APRC0006
- Including 13m @ 10.94g/t
- 22.6m @ 4.54g/t Au from 202.4m 19APDM002
- Including 6.5m @ 11.25g/t
- 15.1m @ 6.58g/t Au from 418.1m 20APD001
- Including 5.3m @ 15.86g/t
- 7m @ 8.95g/t Au 20APRC0001
- including 4m @ 15.07g/t
Bardoc Gold Limited
Sigma Pit
8
3. The Project (cont.)
3.2 Zoroastrian
- Historic mining in 1890's and 1900's
- Open Pit Mining by Aberfoyle between 1986 and 1988
- Open Pit Mining by Excelsior Gold between 2016 and 2017
- Acquired through the merger with Excelsior Gold in 2018 Resource of 7.1 Mt at 2.3 g/t Au for 515koz:
➢
➢
318koz - open pit Resource 197koz - underground Resource
Outstanding Resource upgrade drilling results:
➢
➢
➢
➢
7.36m @ 21.21g/t Au from 292.57m in KND200002
13.3m @ 6.38g/t Au from 144m in KND200003
6.7m @ 7.85g/t Au from 162m in KND200001
11m @ 5.73g/t Au from 209m in KND200001
Bardoc Gold Limited | 9 |
3. The Project (cont.)
Potential for Reserve Growth at Zoroastrian
OP Reserves 350kt at 1.9 g/t Au for 20koz U/G Reserves 810kt at 3.2 g/t Au for 80koz
➢
➢
➢
➢
➢
Recent optimisations highlight significant expansions to open pit
The optimised shell incorporates resource material to the North and Eastern sides of the previously mined open pit, which was not included in the PFS
Mining studies are ongoing for potential additional mining Reserves Resource Modelling of the recent UG Drilling underway
2,000m Drilling program underway to improve resource confidence in the Optimised Open Pit
Bardoc Gold Limited | 10 |
3. The Project (cont.)
3.3 Excelsior
- Historic mining in 1890's and 1900's
- Mined from 1985 - 1989 2.02Mt at 1.5g/t for 97koz
- Acquired through the merger with Excelsior Gold
Open Pit Resource 8,478kt at 1.2g/t Au for 320koz
Reserve | 3.5Mt at 1.4g/t Au for 160koz |
➢
➢
➢
Broad shear with wide 20-50m true width mineralised zone
Significant potential to add to mining reserve through re-optimisation
2,000m Drilling Program underway for Resource Upgrade
Bardoc Gold Limited | 11 |
4. Processing Flowsheet
- Standard CIL and flotation plant
- Stage 1:
- Primary Jaw,
- SAG and Ball Mill comminution circuit
- CIL tanks
- Elution circuit and gold room
- Stage 2:
- Flotation tanks
- Concentrate dewatering circuit
Bardoc Gold Limited | 12 |
5. Offtake
- Bardoc is progressing discussions with off-takers for Gold Concentrates
- Gold Concentrates a burgeoning market:
o
o
Strong demand from smelters across China, Japan, Korea and India Low deleterious mineral concentrates in high demand
- Australian operations currently conducting concentrate sales:
- Evolution Mining - Mount Carlton, QLD (ASX: EVN)
- >100kozpa production, operating since 2013
- Concentrate shipped to China
- Mandalay Resources - Costerfield, VIC (TSX: MND)
- >20 kozpa production, operating since 2010
- Concentrate shipped to China
- Diversified Minerals - Dargues Gold Mine, NSW
- Project approved for construction
- No new technology required for proven gold processing route
Bardoc Gold Limited | 13 |
6. Financials
6.1 PFS Results
- Long-lifeoperation & mine life of 7.8 years
- Pre-ProductionCapital ~A$140M
- Low-costof production with AISC of A$1,220/oz
- Production rate of 1.8Mtpa
- Life-of-mineProduction Target of 1.02Moz Au
- >800koz of Indicated Resources in high-confidence Mine Plan
- Life-of-mineReserves 10.43 Mt at 2.4 g/t Au (790koz Au)
PRODUCTION SUMMARY
Life of Mine | 7.8 years |
LOM Open Pit Strip ratio (Waste t: Ore t) | 9.5 : 1 |
Nominal Processing Rate | 1.8Mtpa |
LOM Processed Grade | 2.6g/t Au |
LOM Processing Recovery | 93% |
Total Gold Recovered | 951koz |
ZoroastrianAphroditeOre Tonnes Mined
1,200,000
1,000,000
800,000
600,000
400,000
200,000
0
Y1 | Y1 | Y1 | Y1 | Y2 | Y2 | Y2 | Y2 | Y3 | Y3 | Y3 | Y3 | Y4 | Y4 | Y4 | Y4 | Y5 | Y5 | Y5 | Y5 | Y6 | Y6 | Y6 | Y6 | Y7 | Y7 | Y7 | Y7 | Y8 | |||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | Q1 | |||||||
Aphrodite Mine Design | Excelsior | Aphrodite | Bulletin South | Aphrodite UG | UG | ||||||||||||||||||||||||||||||
Bardoc Gold Limited | 14 | ||||||||||||||||||||||||||||||||||
6. Financials (cont)
6.2 Sensitivity Analysis
Base Case | Scenario 1* | Scenario 2* | Scenario 3* | Scenario 4* | Scenario 5* | |
Gold Price (AU$/oz) | 2,100 | 2,500 | 2,600 | 2,700 | 2,800 | 3,000 |
Exchange Rate (AUD:USD) | 0.69 | 0.65 | 0.65 | 0.65 | 0.65 | 0.65 |
Gold Price (US$/oz) | 1,449 | 1,625 | 1,690 | 1,755 | 1,820 | 1,950 |
All-in Sustaining Costs (AISC) (A$/oz)** | 1,220 | 1,241 | 1,245 | 1,248 | 1,252 | 1,260 |
Pre-Tax Cashflow (A$M) | 551 | 896 | 983 | 1,070 | 1,158 | 1,333 |
Pre-Tax Net Present Value (8%) (A$M) | 332 | 582 | 645 | 708 | 772 | 899 |
Pre-Tax Internal Rate of Return (IRR) | 32% | 53% | 58% | 63% | 69% | 79% |
Payback Period (Months) | 32 | 22 | 21 | 20 | 19 | 17 |
Post-Tax Cashflow (A$M) | 426 | 667 | 728 | 789 | 850 | 973 |
Post-Tax Net Present Value (8%) (A$M) | 252 | 431 | 476 | 521 | 566 | 655 |
Post Tax Internal Rate of Return (IRR) | 27% | 46% | 51% | 55% | 59% | 68% |
Exceptional Value in a Rising Gold Market
*All material assumptions other than US$ Gold Price and Exchange Rate (AUD:USD) as per ASX announcement 17th March 2020. **AISC changes are due to increasing royalties with increasing Gold Price
Bardoc Gold Limited | 15 |
7. | Implementation Plan | ||||||||||||
2020 | 2021 | ||||||||||||
March | June | September | December | March | June | September | December | ||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||||||
GEOLOGY | |||||||||||||
Resource Infill Drilling | |||||||||||||
Resource Update | | ||||||||||||
Exploration Drilling | |||||||||||||
Exploration Geophysics | |||||||||||||
CONCENTRATE OFFTAKE | |||||||||||||
Metallurgical Test-work | |||||||||||||
Off-taker Shortlisting | |||||||||||||
Off-take Agreement | | ||||||||||||
DEFINITIVE FEASIBILITY STUDY | |||||||||||||
Mining & Processing Studies | |||||||||||||
Financial Modelling | |||||||||||||
Final Report | | ||||||||||||
ENVIRONMENTAL PERMITTING | |||||||||||||
| |||||||||||||
FINANCING | |||||||||||||
Debt & Equity Funding | | ||||||||||||
CONSTRUCTION & MINING | |||||||||||||
Road & Rail Realignment | |||||||||||||
Open Pit Mining | | ||||||||||||
Processing Construction | | ||||||||||||
Bardoc Gold Limited | 16 | ||||||||||||
8. Peer Comparison
9.1 EV Per Resource Ounce
200.0
3
2.6
150.0
1.9
1.8 2
100.0 | 1.5 | |||||||||||||
1.4 | 1.4 | 1.06 | ||||||||||||
50.0 | 0.8 | 1 | ||||||||||||
0.0 | 0 | |||||||||
BDC | BRB | OBM | KIN | CAI | TIE | CMM | EMR |
Key Project | Bardoc | Lake Roe | Davyhurst | Cardinia | Warrawoona | Abujar | Karlawinda | Okvau |
Stage | PFS - DFS | Pre-PFS | DFS | PFS | PFS - DFS | Pre-PFS | Financing | Financing |
Construction | Construction | |||||||
Mine Type | OP & UG | OP | OP & UG | OP | OP & UG | OP | OP | OP |
Resource Grade (g/t)
Bardoc Gold Limited | 17 |
8. Peer Comparison (cont.)
9.2 EV Per Reserve Ounce
350 | 3 | (g/t) | ||||||||||||||
300 | ||||||||||||||||
2.4 | ||||||||||||||||
250 | 2.3 | |||||||||||||||
2 | Grade | |||||||||||||||
200 | ||||||||||||||||
1.5 | ||||||||||||||||
Reserve | ||||||||||||||||
150 | 1.2 | |||||||||||||||
0.9 | 1 | |||||||||||||||
100 | ||||||||||||||||
1.1 | ||||||||||||||||
50 | ||||||||||||||||
0 | 0 | |||||||||||||||
0 | 0 | |||||||||||||||
BRB | TIE | KIN | BDC | CAI | EMR | OBM | CMM | |||||||||
Key Project | Lake Roe | Abujar | Cardinia | Bardoc | Warrawoona | Okvau | Davyhurst | Karlawinda |
Stage | Pre-PFS | Pre-PFS | PFS | PFS - DFS | PFS - DFS | Financing | DFS | Financing |
Construction | Construction | |||||||
Mine Type | OP | OP | OP | OP & UG | OP & UG | OP | OP & UG | OP |
Bardoc Gold Limited | 18 |
9. Reasons To Invest
TIER-1 MINING JURISDICTION
Strategic 250km2 (and growing) land-holding ~40km north of Kalgoorlie.
LARGE AND GROWING RESOURCE BASE
+3Moz Resource with three cornerstone deposits - Aphrodite, Zoroastrian and Excelsior - plus a growth pipeline of Resources and exploration targets.
790,000oz MINING RESERVE AND GROWING
Significant opportunity to grow Mining Reserve and Resource from exploration. Equity raising provides additional funds to expand drilling program.
STRONG NEWS-FLOW
Resource expansion and in-fill drilling programs. Offtake agreement 4Q 2020. DFS underway.
NEW ROBUST PFS HIGHLIGHTS 150Koz PEAK PRODUCTION
Low cost per ounce operation, targeting commencement of mining in Q3 2021, Long lead time items being ordered.
STRONG BOARD AND MANAGEMENT TEAM
Proven explorers, developers and operators, with high-quality technical teams.
Bardoc Gold Limited | 19 |
Appendices
Bardoc Gold Limited
Appendix A: Global Mineral Resource
Cut-Off | MEASURED | INDICATED | INFERRED | TOTAL RESOURCES | ||||||||||||||
Deposit | Type | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | Tonnes | Grade | Ounces | |||||
(g/t Au) | ||||||||||||||||||
(,000t) | (g/t Au) | (,000oz) | (,000t) | (g/t Au) | (,000oz) | (,000t) | (g/t Au) | (,000oz) | (,000t) | (g/t Au) | (,000oz) | |||||||
Aphrodite | OP | 0.4 | - | - | - | 11,622 | 1.7 | 619 | 6,676 | 1.4 | 298 | 18,288 | 1.6 | 916 | ||||
Aphrodite | UG | 2.0 | - | - | - | 3,458 | 3.9 | 436 | 2,391 | 4.3 | 330 | 5,848 | 4.1 | 765 | ||||
Aphrodite | TOTAL | - | - | - | 15,080 | 2.2 | 1,055 | 9,067 | 2.2 | 628 | 24,136 | 2.2 | 1,681 | |||||
Zoroastrian | OP | 0.4 | - | - | - | 3,862 | 1.8 | 229 | 1,835 | 1.5 | 89 | 5,698 | 1.7 | 318 | ||||
Zoroastrian | UG | 2.0 | - | - | - | 580 | 4.4 | 82 | 823 | 4.3 | 114 | 1,403 | 4.4 | 197 | ||||
Zoroastrian | TOTAL | - | - | - | 4,442 | 2.2 | 311 | 2,658 | 2.4 | 203 | 7,101 | 2.3 | 515 | |||||
Excelsior | OP | 0.4 | - | - | - | 6,729 | 1.2 | 266 | 1,749 | 1.0 | 54 | 8,478 | 1.2 | 320 | ||||
Mulwarrie | OP | 0.5 | - | - | - | - | - | - | 881 | 2.8 | 79 | 881 | 2.8 | 79 | ||||
Mayday North | OP | 0.5 | - | - | - | - | - | - | 1,410 | 1.7 | 79 | 1,410 | 1.7 | 79 | ||||
Bulletin South | OP | 0.4 | 152 | 2.2 | 11 | 546 | 2.1 | 36 | 150 | 2.1 | 10 | 849 | 2.1 | 57 | ||||
Duke North | OP | 0.4 | - | - | - | 851 | 1.0 | 28 | 795 | 1.0 | 25 | 1,646 | 1.0 | 53 | ||||
Talbot North | OP | 0.4 | - | - | - | 698 | 1.8 | 40 | 123 | 1.8 | 7 | 820 | 1.8 | 47 | ||||
North Kanowna Star | OP | 0.5 | - | - | - | - | - | - | 716 | 1.4 | 32 | 716 | 1.4 | 32 | ||||
Lochinvar | OP | 0.4 | - | - | - | 423 | 1.8 | 24 | 57 | 1.6 | 3 | 480 | 1.7 | 27 | ||||
Nerrin Nerrin | OP | 0.5 | - | - | - | - | - | - | 651 | 1.3 | 26 | 651 | 1.3 | 26 | ||||
Vettersburg South | OP | 0.6 | - | - | - | - | - | - | 552 | 1.5 | 26 | 552 | 1.5 | 26 | ||||
El Dorado | OP | 0.5 | - | - | - | - | - | - | 471 | 1.5 | 23 | 471 | 1.5 | 23 | ||||
South Castlereagh | OP | 0.5 | - | - | - | 111 | 1.6 | 6 | 369 | 1.3 | 15 | 481 | 1.4 | 21 | ||||
Windanya | OP | 0.6 | - | - | - | - | - | - | 360 | 1.5 | 17 | 360 | 1.5 | 17 | ||||
Grafters | OP | 0.5 | - | - | - | - | - | - | 319 | 1.3 | 14 | 319 | 1.3 | 14 | ||||
Ophir | OP | 0.6 | - | - | - | - | - | - | 75 | 1.9 | 5 | 75 | 1.9 | 5 | ||||
TOTAL RESOURCES | 152 | 2.3 | 11 | 28,880 | 1.9 | 1,766 | 20,403 | 1.9 | 1,247 | 49,426 | 1.9 | 3,022 | ||||||
Bardoc Gold Limited | 21 | |||||||||||||||||
Appendix B: High Confidence Mine Plan
INDICATED | INFERRED | TOTAL | |||||||
PROJECT | Tonnes | Grade | Gold | Tonnes | Grade | Gold | Tonnes | Grade | Gold |
(kt) | (g/t) | (koz) | (kt) | (g/t) | (koz) | (kt) | (g/t) | (koz) | |
Excelsior OP | 3,540 | 1.4 | 160 | 210 | 0.8 | 5 | 3,750 | 1.3 | 161 |
Zoroastrian OP | 350 | 1.9 | 21 | 0 | 0.7 | 0 | 350 | 1.8 | 21 |
Aphrodite OP | 2,830 | 2.3 | 210 | 20 | 3.0 | 2 | 2,840 | 2.3 | 211 |
Bulletin OP | 520 | 2.0 | 34 | 30 | 1.2 | 1 | 550 | 2.0 | 35 |
Zoroastrian UG | 830 | 3.4 | 89 | 550 | 3.6 | 63 | 1,380 | 3.4 | 153 |
Aphrodite UG | 2,570 | 3.7 | 303 | 850 | 5.0 | 137 | 3,420 | 4.0 | 440 |
TOTAL | 10,587 | 2.4 | 810 | 1,670 | 3.9 | 209 | 12,300 | 2.6 | 1,021 |
Over 79% of the Mine Plan in Indicated
Bardoc Gold Limited | 22 |
Appendix C: Mining Reserve
PROBABLE | TOTAL | |||||
PROJECT | Tonnes | Grade | Gold | Tonnes | Grade | Gold |
(kt) | (g/t) | (koz) | (kt) | (g/t) | (koz) | |
Excelsior OP | 3,540 | 1.4 | 160 | 3,540 | 1.4 | 160 |
Zoroastrian OP | 350 | 1.9 | 20 | 350 | 1.9 | 20 |
Aphrodite OP | 2,830 | 2.3 | 210 | 2,830 | 2.3 | 210 |
Bulletin OP | 520 | 2.0 | 30 | 520 | 2.0 | 30 |
Zoroastrian UG | 810 | 3.2 | 80 | 810 | 3.2 | 80 |
Aphrodite UG | 2,380 | 3.7 | 290 | 2,380 | 3.7 | 290 |
TOTAL | 10,430 | 2.4 | 790 | 10,430 | 2.4 | 790 |
Bardoc Gold Limited | 23 |
Appendix D: Peer Comparison Supporting Information
Company | Ticker | Mineral Resource Ounces (,000 oz) | Reserve Ounces (,000z) | Information Source | ASX Release Date | Share Price ($) | |||||
Measured | Indicated | Inferred | Total | Proven | Probable | Total | 3/7/2020 | ||||
Kin Mining Ltd | KIN | 12 | 591 | 341 | 945 | 13 | 272 | 285 | RIU Explorers Conference Presentation - February 2020 | 18/02/2020 | 0.115 |
Appendix 5B | 14/04/2020 | ||||||||||
Breaker Resources NL | BRB | 803 | 178 | 981 | RIU Explorers Conference Presentation - February 2020 | 20/02/2020 | 0.265 | ||||
Appendix 5B | 30/04/2020 | ||||||||||
RIU Explorers Conference Presentation - February 2020 | 19/02/2020 | ||||||||||
Calidus Resources Limited | CAI | 72 | 982 | 442 | 1495 | 66 | 453 | 519 | Appendix 5B | 7/04/2020 | 0.555 |
Updated PFS Presentation | 29/06/2020 | ||||||||||
Capricorn Metals LTD | CMM | 1722 | 422 | 2145 | 1201 | 1201 | Gold Reserves Increase 35% to 1.2 million ounces | 17/04/2020 | 1.305 | ||
Appendix 5B | 15/04/2020 | ||||||||||
121 Online Inestor Presentation | 8/05/2020 | ||||||||||
Orabanda Mining | OBM | 26 | 1330 | 774 | 2130 | 460 | 460 | Appendix 5B | 1/05/2020 | 0.255 | |
Ora Banda Completes Davyhurst DFS | 30/06/2020 | ||||||||||
Tietto Minerals | TIE | 855 | 1295 | 2150 | NRW Virtual Small Cap Resource Conference Presentation | 4/05/2020 | 0.595 | ||||
Appendix 5B | 30/04/2020 | ||||||||||
Emerald Resources | EMR | 1008 | 133 | 1141 | 907 | 907 | Okvau Gold Project - Pre-production Grade Control Drilling Update | 28/04/2020 | 0.560 | ||
Appendix 5B | 28/04/2020 | ||||||||||
Bardoc Gold Limited | 24 |
Disclaimer
This document and all other information (whether in writing or otherwise) which may be made available or part thereof does not:
1. Contain all information that investors and their professional advisers would require to make an informed assessment of the following:
- assets and liabilities, financial position and performance, profits and losses and prospects of the Company; and
- rights and liabilities attaching to the Company's securities.
- Constitute, or form part of, any offer to sell or issue, or any solicitation of an offer to purchase or subscribe for any securities nor shall this document, or any part of it, or the fact of its distribution or transmission, form the basis of, or be relied on, in connection with any contract.
- Constitute a promise or representation as to the future. Recipients must make their own investigations and inquiries regarding all assumptions, risks, uncertainties and contingencies which may affect the future operations of the Company or the Company's securities.
No representation or warranty, express or implied, is made or given by or on behalf of the Company, its directors and officers or any other person as to the accuracy, completeness or fairness of the information or opinions contained in this document and all other information (whether in writing or otherwise) which may be made available or part thereof or any further information supplied by or on behalf of the Company or in connection with the Company and no responsibility or liability is accepted for any such information or opinions.
All statements in this document (other than statements of historical fact) are forward looking statements that involve risks and uncertainties. The Company can give no assurance that statements will prove accurate and results and future events could differ materially.
The Company, its directors and officers or any other person:
- Do not accept liability for any loss or damage suffered or incurred by any investor or any other person however caused (including negligence) relating in any way to this document, including (without limitation) the information contained in it, any errors or omissions however caused, or the investor or any other person placing any reliance on this document, its accuracy, completeness, currency or reliability.
- Do not accept any responsible to inform the recipient or any other person of any matter arising or coming to its notice which may affect any matter referred to in this document.
- To the maximum extent permitted by law, expressly disclaimed and excluded any liability of the Company, its directors and officers or any other person to the recipient or to any other person arising out of this document.
Forward Looking Statements
Statements regarding plans with respect to the Company's mineral properties are forward looking statements. There can be no assurance that the Company's plans for development of its mineral properties will proceed as expected. There can be no assurance that the Company will be able to confirm the presence of mineral deposits, that any mineralisation will prove to be economic or that a mine will successfully be developed on any of the Company's mineral properties
Bardoc Gold Limited | 25 |
Competent Person's Statement
Competent Person's Statement - Exploration Results/Target
Information in this announcement that relates to exploration results and exploration targets is based on information compiled by Mr. Bradley Toms who is the Exploration Manager of Bardoc Gold Limited. Mr. Toms is a Member of The Australian Institute of Geoscientists and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity that he is undertaking, to qualify as Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr. Toms consents to the inclusion in the document of the information in the form and context in which it appears.
Exploration Target¹: The potential quantities and grades 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 determination of a Mineral Resource under the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves, the JORC Code" (JORC 2012). The Exploration Target is not being reported as part of any Mineral Resource or Ore Reserve. Full details on the Exploration target are contained in the ASX announcement dated 25th February 2020 - "Further Drilling Success at Mayday North as Wide Gold Hits Confirm Strong Potential for Resource Growth".
Competent Person's Statements - Mineral Resources
The Company confirms it is not aware of any new information or data that materially affects the information included in the 30 September 2019 Bardoc Resource Estimate and that all material assumptions and technical parameters underpinning the estimate continue to apply and have not materially changed when referring to its resource announcement made on 30 September 2019.
Competent Person's Statements - Ore Reserves - Open Pit & Underground
The information referred to in this announcement has been extracted from the Pre-Feasibility Report and Ore Reserve Statement dated 17 March 2020 and available to view on www.bardocgold.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the Ore Reserves Statement and that all material assumptions and technical parameters underpinning the estimates in the Ore Reserves Statement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from Ore Reserves Statement.
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Approval for Release
Approved for release by:
Robert Ryan
Chief Executive Officer
- For further information contact:
INVESTORS: | MEDIA: | ||
Robert Ryan | Bardoc Gold Limited | Nicholas Read | Read Corporate |
Telephone: | (08) 6215 0090 | Telephone: | 0419 929 046 |
Email: | admin@bardocgold.com.au | Email: | info@readcorporate.com.au |
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Bardoc Gold Ltd. published this content on 20 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2020 00:03:07 UTC