Bullabulling Gold Project
| Significantly De-Risked Asset with Exceptional Potential for Growth | |
|---|---|
| 2.3Moz Mineral Resource1 contained on granted mining leases | One of the largest undeveloped open-pittable gold deposits in Australia |
| ~12,000 holes for 530,000m drilled | Significant metallurgical testing completed |
| Native Title Land Use Agreement in place | ~80,000m of drilling planned – resource is open at depth and along strike |
| Last in production when the gold price was ~A$500/oz | Mineral Resource proximal to existing infrastructure |
Bullabulling Gold Project 3D Resource Animation
Location and Infrastructure
Eastern Goldfields, Western Australia (100%)
The Bullabulling Gold Project is one of Australia’s largest near-term gold projects, located ~25km south-west of Kalgoorlie, Western Australian in the Eastern Goldfields.
The region is among the most extensively explored and mined areas in Western Australia, and host to some of the world’s largest gold deposits. This premier mining location provides excellent access to existing infrastructure, and is proximal to power, roads, towns, skilled workforce and mining services to support future operations.
Previously operational and located on granted mining leases, the Bullabulling Project is significantly de-risked with substantial drilling and metallurgical work completed and granted Native Title Land Use Agreement.
Figure 1. Bullabulling Project location in the Eastern Goldfields, Western Australia.
Image looking north showing historical pits, rehabilitated leach pads and waste dumps, tailings storage facility and exploration camp
Mineral Resource
The Bullabulling Project hosts a current Mineral Resource Estimate of 60Mt @ 1.2g/t Au for 2.3Moz of gold (Indicated and Inferred) as of December 2024.
For further details and to download the Mineral Resources, refer to the Company’s ASX Announcement dated 14 January 20251.
| Bullabulling Mineral Resource (JORC 2012)1 | |||
| Category | Tonnes | Grade | Contained |
| Mt | g/t Au | Moz Au | |
| Indicated | 39 | 1.1 | 1.4 |
| Inferred | 21 | 1.3 | 0.9 |
| Total | 60 | 1.2 | 2.3 |
Exploration and Studies
Bullabulling offers significant exploration upside, with a major 80,000m drilling program recently commenced to update the 2.3Moz Mineral Resource.
Drilling will focus on multiple resource extension targets at depth and along strike, as well as in-fill drilling of the existing Resource to upgrade confidence classifications.
The Project has strong foundations to support the near-term production target with well-understood metallurgy from extensive historical testing, including approximately 12,000 drill holes for 530,000 metres.
Significant metallurgical testing previously completed supports recoveries of 87% across the Project and meaningful historical production in the 1990s of ~3.9Mt of ore recovering ~179,000 oz of gold when the gold price was ~A$500 per ounce.
Development Studies will be further accelerated by previous feasibility studies, existing permitting and the completion of baseline environment surveys.
Bullabulling representative long section showing modelled gold mineralisation and historical intersections1
Exploration and Studies
- Dicksons and Phoenix drilling focused on depth extensions
- Phoenix pit the focus for in-fill drilling
- Mineral Resource is open at depth at multiple locations
- Bacchus deposit remains open along strike to the south
- Bacchus and Kraken areas ranked as highest priority for grade and mineralisation
Regional Targets
- Repetitions of prospective contacts exist with limited or no previous deep drilling
- Drilling at Gibraltar will test depth and strike extensions
- Combination of geochemistry, drilling and geophysics to be used to evaluate additional targets
Next Steps
Minerals 260 has a detailed and targeted plan to increase value and de-risk the Project, advancing Bullabulling towards production over the next three years.
Strong momentum is expected to continue throughout 2025 with regular news flow about drilling results and study updates.
For more information read the latest ASX Announcements or Investor Presentations.