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Bullabulling Gold Limited is an Australian and UK publicly quoted mining exploration company headquartered in Perth, Western Australia. The Company is the successor entity of GGG Resources plc. The shares trade on the Austalian ASX and the London AIM market. Bullabulling Gold is the 100% owner of a large previously producing mine called Bullabulling. Located in the goldfields of Western Australia, Bullabulling is within easy commuting distance of the main gold mining centre of Kalgoorlie which is less than 80kms away on the main Perth Kalgoorlie highway. The project straddles the main highway with mains power and water running through it.

Website:
http://www.bullabullinggold.com
Phone:
+61 8 9386 4086
Address:
Level 2, 55 Carrington Street, Nedlands, WA, 6009, Australia.
Super Sector:
General Mining - Gold
Sector:
Mining
Industry:
Gold Mining
EPIC / Symbols:
LON:BGL, ASX:BAB
chart-size
*subject to change and depends on individual circumstances.

Bullabulling Gold RNS Press Releases

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Bullabulling Gold Articles, News, and Media Files

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Bullabulling Gold Related Media

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Broker press

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  • 02/07/13
    +0.00 +1.50

    Westhouse reiterates its "buy" rating but cut its price target to 17p from 21p.

  • 23/10/12

    23.10.12 :-0.25, (6.63) Westhouse initiates coverage with a "buy" rating and 21 price target.

  • 14/11/11
    +2.00 +18.50

    Press: GGG Resources rose after news that the Bullabulling gold project in Western Australia is continuing to develop with positive results.... read more

  • 04/03/11
    +1.75 +38.25

    Share Tip: Investors Chronicle - Buy - BULL POINTS Large gold resource set to grow - Substantial past production - Simple,low-cost mining -... read more

  • 01/02/11
    +2.00 +26.75

    Press: GGG Resources rose after support from broker Collins Stewart. ?GGG Resources provides exposure to a 50 per cent interest in the... read more

Director dealings

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Date Director Trans Amount Type Price(p) Value (£) Holding %
10/09/13 R.H. Beevor BUY 709,552 ORD 3.88 27,531 709,552 0.21
30/07/13 P.J. Mansell BUY 500,000 ORD 2.38 11,900 1,625,000 0.48
23/04/13 P.J. Mansell BUY 375,000 ORD 3.00 11,250 1,125,000 0.33
13/12/12 P.J. Mansell BUY 400,000 ORD 5.88 23,520 750,000 N/A
10/05/12 J.J. Lawton SELL 1,990,000 ORD 14.88 296,112 4,761,366 1.65

BASIC RESULTS INFORMATION

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Date Type Turnover Profit EPS (p) Dividend (p) Currency
31/12/13 Full year 0.22 -2.58 -0.78 0.00 AUD
30/06/13 Interim 4.54 -0.02 -0.01 0.00 AUD
31/12/12 Full year 1.66 -39.95 -15.51 0.00 AUD
30/06/12 Interim 1.66 -0.99 -0.30 0.00 AUD
31/12/11 Full year 0.41 -10.83 -0.06 0.00 AUD

Related Research & Media

Company Statement

 

We aim to become a profitable mining company, capable of producing up to 200,000 ounces of gold per annum, with initial production starting from 2015.

 

The directors and management team are experienced in finding, building and running mines in Western Australia and are committed to delivering value to Bullabulling’s shareholders.

 

Entering the pre-production phase

 

Bringing Bullabulling into production is a sizeable task and we are delighted to have appointed Brett Lambert as the new Managing Director of the Company on 1 May 2012.

 

The promise of Bullabulling means that once in production there is scope to explore further within our sizeable 131km² project area.  Historic data from previous drilling has revealed areas of promise where we are likely to aggressively explore later this year and beyond.

 

As of October 2013, we are reporting a JORC global resource estimate of 3.7 million ounces of gold (114 Mt at 0.96g/t Au) using a 0.5g/t Au cut-off.  Of this new estimate, 2.3 million ounces are in the Indicated resource category at a grade of 1.02 g/t Au.

Current Operations

The Bullabulling Gold Project

 

Based in the well-established gold mining district of Coolgardie in Western Australia, Bullabulling is conveniently close to established power, water and road infrastructure.

 

Our licence area straddles the Great Eastern Highway, and lies around [70]km to the south west of the gold mining town Kalgoorlie.

 

Bullabulling owns a sizeable project area – 131km² – which is held in a series of granted mining leases, prospecting licences and exploration licences.

 

The site is well served by roads, power and water, and has no issues over native title claims.

 

 

Exploration

 

The company identified two large mineralised trends of primary orogenic gold mineralisation: the north-south striking Bullabulling Trend and the east-west to northwest-southeast striking Gibraltar Trend.

 

The Bullabulling Trend contains the most laterally consistent gold mineralisation and can be traced for over 6 kilometres of strike. From north to south, it covers the following deposits and prospects – Bonecrusher, Dickson, Hobbit, Phoenix-Bourke-Wills, Bacchus, Edward and Griffin.

 

Since 2010 we have been exploration drilling, mostly around the Phoenix and Bacchus pit areas, both of which are within a concentrated 2.2 kilometre stretch of the Bullabulling Trend.

 

It is in this part of our licence area that we intend to open our first producing new gold mine, which will be built with an initial target production of around 200,000 ounces of gold per year.

 

The geology, however, suggests that there is potentially a lot more gold to be discovered along the whole Bullabulling Trend and the separate Gibraltar Trend that appear to host similar commercial concentrations.

 

At Gibraltar we are looking specifically for higher gold grades.  Between now and the opening of the mine in 2015, the main focus of our drilling work will be looking for gold grades of comfortably more than 1 g/tonne.  We expect that in the process of looking for higher grades we will also increase the size of the overall resource by continuing to add lower grade ounces.

Management

Peter Mansell - Chairman

Peter Mansell was a corporate and resources lawyer with over 35 years of experience. He is currently a Director of ASX listed Ampella Mining Limited, BWP Management Ltd and the Euronext listed international smelting and mining company Nyrstar NV.

Mr Mansell is a former Chairman of ASX100 listed companies, West Australian Newspapers Ltd and Zinifex Ltd as well as the Chairman of Western Power. In addition, he has held directorships with Oz Minerals,Tethyan Copper Company Ltd plus Australian subsidiaries of AngloGold Limited.

Brett Lambert - Managing Director

Brett Lambert is an Australian mining engineer and senior executive with over 30 years’ experience in project development and the operation of resources companies, including several mines based in the Coolgardie region of Western Australia.

Brett has held the position of Chief Executive Officer in three mining companies over a thirteen year period, and has been a director of companies listed on the Australian Securities Exchange, Toronto Stock Exchange and the Stock Exchange of Thailand.

He was responsible for the financing and development of the Paulsens gold mine and oversaw feasibility studies for the Casposo gold and silver mine in Argentina and Nifty Sulphides copper mine. Brett managed site activities during development of the Three Mile Hill gold mine, and was Project Director for the evaluation and construction of the Pillara, Goongewa and Kapok lead zinc mines.

Ronnie Beevor - Non-Executive Director

Ronnie is an investment banker and was Head of Investment Banking at NM Rothschild & Sons (Australia) Ltd. He has had an extensive involvement with the natural resources industry, both in Australia and internationally.

Formerly a Director of Oxiana Limited, which successfully developed the Sepon gold-copper project in Laos, as well as the Prominent Hill copper-gold project in South Australia, Ronnie is a Senior Advisor to Gryphon Partners Advisory Pty Ltd, a subsidiary of Standard Chartered PLC and serves on a number of listed resource company boards.

David McArthur - Chief Financial Officer

David McArthur is a qualified Chartered Accountant who has spent almost 30 years working in the publicly-listed resources sector. 

An Australian, David's experience includes taking companies from start up through to successful gold mining operations, an example of which is the Kundana mine, a gold producer based just outside of Kalgoorlie. 

David was appointed CFO and Finance Director of the ASX-listed gold producer Dioro Exploration NL, a 100,000 ounce+ per annum producer also in Kalgoorlie, where he worked for 15 years. 

Major Shareholders

SUBSTANTIAL SHAREHOLDERS

Baker Steel                               5.60%

Resolute Mining                     5.91%


DIRECTORS’ SHAREHOLDINGS

Beneficial Interest Shares %
Ronnie Beevor 709,552 0.20%
Peter Mancell  1,652,000  0,47%
Total  2,334,552  

 

Sha Options
Brett Lambert 3,000,000
Total     3,000,000

 

  • Additional Information
    Market
    AIM, ASX
    EPIC
    BGL
    Share Price
    3.63p
    Change
    0.63
    Volume
    2,593,902
    Dividend
    0
    EPS
    -0.78
    Shares
    344.04 m
    Offer
    3.75
    Bid
    3.5
    Avg. Vol
    1,594,191
    Yield
    0.00
    P/E
    -43.13
    Mkt Cap
    £12.49 m
  • Latest Stocktube
    12/03/2014

    Bullabulling Gold confirms improved production potential

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  • Contact Information

    Registered and Principal Office (Australia)

    Level 2, 55 Carrington Street

    Nedlands

    Perth

    Western Australia 

    6009

     

     

     

    Corporate Information

    Nominated Adviser and Broker

    Westhouse Securities Limited

    Heron Tower

    110 Bishopsgate

    London EC2N4AY

     

    Auditor

    BDO Audit (WA) Pty Ltd

    38 Stanton St, Subiaco,

    Perth, Western Australia, 6008


    Share Registry

    UK – Computershare Investor Services PLC

    The Pavillions

    Bridgewater Rd

    Bristol B5 138AE


    Australia – Computershare Investor Services

    Level 2,

    45 St Georges TCE

    Perth, Western Australia, 6000

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