www.bullabullinggold.com
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.
Bullabulling Gold is the 50% owner of a large previously producing mine called Bullabulling. We will acquire the remaining 50% interest in the project under an Australian court approved scheme in April 2012, subject to shareholder and final court approval.
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.
The company has presently 170 million shares in issue which will rise to circa 290 million shares once Bullabulling Gold Limited acquires the remaining 50% interest in the project.
GGG Resources & Auzex move forward with Bullabulling Gold merger
The merger of GGG Resources (LON:GGG) and Auzex Resources (ASX:AZX) is progressing well according to a shareholder update, released today.
The two joint venture partners put an end to a cat-and-mouse takeover battle last month - when GGG dropped its hostile bid, and instead agreed a new deal to merge the companies – so they could focus on the development of the 2.6 million ounce Bullabulling gold project in Western Australia.
In the stock exchange statement GGG confirmed that the operating company, called BBG Management Ltd, has now been established. This new company is made up of senior executives from both companies and it will oversee the development of the Bullabulling gold project.
Meanwhile on a corporate front progress is being made also. The new corporate entity Bullabulling Gold Limited has been incorporated and the paper work is now being prepared to merge the two companies into this new company.
GGG said that in the UK it is making preparations for the ‘Scheme of Arrangement’ documentation and EGM Notice. Meanwhile in Australia the EGM Notice for the sale of Auzex Resources's non-Bullabulling assets is being prepared.
Also the search for Bullabulling Gold’s new non-executive chairman is underway.
BBG Management comprises GGG directors Nigel Clark, Jeffrey Malaihollo and Michael Short as well as Auzex directors Chris Baker, John Lawton and Greg Partington.
All existing contracts relating to the Bullabulling project will be assigned to BBG Management and future contracts will be negotiated and entered into directly with BBG Management.
BBG Management has also hired consultant mining engineer John Barton who will lead the feasibility study through to completion, from BBG Management's office in Perth.
