| Announcement Date: | 2021-12-20 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | JORC |
| Company name: | Breaker Resources NL |
| Project name: | Lake Roe |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Updated Resource Estimate for Project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Breaker Resources NL (ASX: BRB; Breaker or the Company) is pleased to report a 23% increase in the Mineral Resource at its Lake Roe Gold Project, 100km east of Kalgoorlie in WA. Global ounces increased by 314,000oz to 1.68Moz. This follows a 40% increase since the previous Resource update announced in April 2021. The grade at the Bombora depost increased by 13% to 1.8g/t gold. The new Mineral Resource was generated by independent consultants Optiro Pty Ltd (Optiro) and totals 31.9 million tonnes at 1.6g/t gold for 1.68 million ounces as summarised in Table 1 below (previously 27.9 million tonnes at 1.5g/t gold for 1.37 million ounces). A subset of the Resource at higher cut-off grades, designed to assist planned mining studies, is summarised in Table 2. The new Mineral Resource estimate is based on a further 18 diamond drill holes (11,725m) and 8 Reverse Circulation (RC) drill holes (1,720m at Bombora South). Most of the increase in the new estimate is from the Bombora Underground Resource area (245,000oz) where 87% of the new drilling was focused, and where mineralisation remains open along strike and at depth. The new estimate also includes a small increase in the Bombora open pit area (21,000oz) where limited new RC drilling continued to extend the strike of the Bombora lodes to the south. Mineralisation remains open to the south in this area (Figure 2). |
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