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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