| Announcement Date: | 2022-04-12 |
|---|---|
| Announcement Type: | Optimisation Study |
| Announcement Code: | JORC |
| Company name: | Breaker Resources NL |
| Project name: | Lake Roe |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Optimisation study for Lake Roe |
| 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 confirm positive outcomes from an open pit optimisation study (the Study) targeting the Bombora-Claypan gold deposits situated within its 1.7Moz Lake Roe Gold Project# following the 20 December 2021 Mineral update (Table 1; Figure 1). The objectives of the Study are to Bombora is a virgin discovery with no mining legacy issues, is a typical Archean (stratabound) multi-lode deposit hosted by fractionated dolerite. The Company’s objective at Lake Roe is to develop a standalone open pit and underground mine based initially on the Bombora gold deposit, while concurrently stepping up its drilling to keep growing the 9km-long gold system and further expand its development options. Preliminary underground mining studies are now underway and will initially focus on the high-grade Tura lode and the 2.2km-long array of high-grade flat lodes discovered below the open pit Resource over the last year. |
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