Name and Location
Bullabulling gold project, Australia.

Client
Bullabulling Gold.

Project Description
The Bullabulling project is located 60 km west of Kalgoorlie, in Western Australia, and a has total resource of 104.5-million tons grading 0.99 g/t of gold.

A prefeasibility study (PFS) completed on the project has concluded that it is technically and financially viable.

The PFS envisages the development of a 7.5-million-ton-a-year openpit mining operation with a conventional carbon-in-leach facility.

Gold production of 1.95-million ounces is forecast over a mine life of 10.5 years.

Principal project infrastructure includes access roads, a 142-person accommodation facility, a borefield, a tailings storage facility and an electrical power supply.

Value
Total capital expenditure is estimated at $326.4-million.

Duration
A development decision is expected by the end of 2013.

Engineering, procurement and construction of the mine, plant and associated infrastructure have been estimated at 21 months, leading to gold production starting at the beginning of the fourth quarter of 2015.

Mining will start six months prior to production to provide waste rock for the construction of the run-of-mine ore pad and tailings storage facility; in addition, about 160 000 t of ore will be produced during this period to facilitate plant commissioning.

A three-month ramp-up period has been allowed for the plant, during which time an estimated 1.4-million tons of ore will be processed, with 50 000 oz produced.

Latest Developments
Work will start immediately on the definitive feasibility study (DFS).

A range of specific opportunities to optimise the project and enhance financial performance has been identified for evaluation in the DFS.

Completion of the DFS and a development decision are expected to be made by the end of 2013.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Bullabulling Gold, tel +61 8 9386 4086 or fax +61 8 9389 8327.