Name and Location
Gibraltar gold project, Australia.

Client
Bullabulling Gold.

Project Description
A preliminary mining study has evaluated the potential to establish the Gibraltar gold project as a satellite mine to the 3.6-million-ounce Bullabulling gold project, in Western Australia.

Gibraltar has a mineral resource estimated at 4.9-million tonnes at 1.07 g/t for 169 000 oz of contained gold.

The study estimates mine production from Gibraltar of 1.94-million tonnes at 1.15 g/t gold for 71 700 oz of contained gold.

Net Present Value/Internal Rate of Return
Not stated.

Value
Not stated.

Duration
Not stated.

Latest Developments
Given the relatively small potential of Gibraltar, the near-term priority will continue to be placed on progression of the Bullabulling definitive feasibility study, including ongoing optimisation of the development plan, where potential for further value creation has been identified.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Not stated.

Contact Details for Project Information
Bullabulling Gold, tel +61 8 9386 4086, fax +61 8 9389 8327 or email info@bullabullinggold.com.