L ar ge Gr e e nfie lds Gold Disc ove r y Hidde n Unde r T - - PowerPoint PPT Presentation

ASX Code : BRB

T

• m Sa nde rs

E xe c utive Chair man

L ar ge Gr e e nfie lds Gold Disc ove r y Hidde n Unde r T hin Cove r , Kalgoor lie , WA

Quality and sc ale in a lo w-r isk mining jur isdic tio n

Annual Ge ne r al Me e ting 23 Nove mbe r 2017

Disc la ime r & Compe te nt Pe r sons Sta te me nt

2

T his p re se nta tio n is fo r info rma tio n p urp o se s o nly. Ne ithe r this p re se nta tio n no r the info rma tio n c o nta ine d in it c o nstitute s a n o ffe r, invita tio n, so lic ita tio n o r re c o mme nd a tio n in re la tio n to the p urc ha se o r sa le o f sha re s in a ny jurisd ic tio n. T his p re se nta tio n ma y no t b e d istrib ute d in a ny jurisd ic tio n e xc e p t in a c c o rd a nc e with the le g a l re q uire me nts a p p lic a b le in suc h jurisd ic tio n. Re c ip ie nts sho uld info rm the mse lve s o f the re stric tio ns tha t a p ply in the ir o wn jurisd ic tio n. A fa ilure to d o so ma y re sult in a vio la tio n o f se c uritie s la ws in suc h jurisd ic tio n. T his p re se nta tio n d o e s no t c o nstitute fina nc ia l p ro d uc t a d vic e a nd ha s b e e n p re p a re d witho ut ta king into a c c o unt the re c ip ie nt's inve stme nt o b je c tive s, fina nc ia l c irc umsta nc e s o r p a rtic ula r ne e d s a nd the o p inio ns a nd re c o mme nd a tio ns in this p re se nta tio n a re no t inte nd e d to re p re se nt re c o mme nd a tio ns o f p a rtic ula r inve stme nts to p a rtic ula r p e rso ns. Re c ip ie nts sho uld se e k p ro fe ssio na l a d vic e whe n d e c id ing if a n inve stme nt is a p p ro p ria te . All se c uritie s tra nsa c tio ns invo lve risks, whic h inc lud e (a mo ng o the rs) the risk o f a d ve rse o r una ntic ip a te d ma rke t, fina nc ia l o r p o litic a l d e ve lo p me nts. T

• the ma ximum e xte nt p e rmitte d b y la w, Bre a ke r d o e s no t wa rra nt the a c c ura c y, c urre nc y o r c o mp le te ne ss o f the info rma tio n in this p re se nta tio n,

no r the future p e rfo rma nc e o f the Co mp a ny, a nd will no t b e re sp o nsib le fo r a ny lo ss o r d a ma g e a rising fro m the use o f the info rma tio n. Ce rta in sta te me nts c o nta ine d in this p re se nta tio n, inc lud ing info rma tio n a s to the future fina nc ia l o r o p e ra ting p e rfo rma nc e o f Bre a ke r Re so urc e s NL (Bre a ke r) a nd its p ro je c ts, a re fo rwa rd -lo o king sta te me nts. Suc h fo rwa rd -lo o king sta te me nts: a re ne c e ssa rily b a se d up o n a numb e r o f e stima te s a nd a ssump tio ns tha t, whilst c o nsid e re d re a so na b le b y Bre a ke r , a re inhe re ntly sub je c t to sig nific a nt te c hnic a l, b usine ss, e c o no mic , c o mp e titive , p o litic a l a nd so c ia l unc e rta intie s a nd c o nting e nc ie s; invo lve kno wn a nd unkno wn risks a nd unc e rta intie s tha t c o uld c a use a c tua l e ve nts o r re sults to d iffe r ma te ria lly fro m e stima te d o r a ntic ip a te d e ve nts o r re sults re fle c te d in suc h fo rwa rd -lo o king sta te me nts; a nd ma y inc lud e , a mo ng o the r thing s, sta te me nts re g a rd ing ta rg e ts, e stima te s a nd a ssump tio ns in re sp e c t o f me ta l p ro d uc tio n a nd p ric e s, o p e ra ting c o sts a nd re sults, c a p ita l e xp e nd iture s, o re re se rve s a nd mine ra l re so urc e s a nd a ntic ip a te d g ra d e s a nd re c o ve ry ra te s, a nd a re o r ma y b e b a se d o n a ssump tio ns a nd e stima te s re la te d to future te c hnic a l, e c o no mic , ma rke t, p o litic a l, so c ia l a nd o the r c o nd itio ns. Bre a ke r d isc la ims a ny inte nt o r o b lig a tio n to up d a te p ub lic ly a ny fo rwa rd -lo o king sta te me nts, whe the r a s a re sult o f ne w info rma tio n, future e ve nts o r re sults o r o the rwise . T he wo rd s “b e lie ve ”, “e xp e c t”, “a ntic ip a te ”, “ind ic a te ”, “c o nte mp la te ”, “ ta rg e t”, “p la n”, “inte nd s”, “c o ntinue ”, “b ud g e t”, “e stima te ”, “ ma y”, “ will”, “sc he d ule ” a nd o the r simila r e xp re ssio ns id e ntify fo rwa rd -lo o king sta te me nts. All fo rwa rd -lo o king sta te me nts ma d e in this p re se nta tio n a re q ua lifie d b y the fo re g o ing c a utio na ry sta te me nts. I nve sto rs a re c a utio ne d tha t fo rwa rd -lo o king sta te me nts a re no t g ua ra nte e s o f future p e rfo rma nc e a nd a c c o rd ing ly inve sto rs a re c a utio ne d no t to p ut und ue re lia nc e o n fo rwa rd -lo o king sta te me nts d ue to the inhe re nt unc e rta inty the re in.

Compe te nt Pe rsons State me nt

T he info rma tio n in this re p o rt tha t re la te s to Exp lo ra tio n T a rg e ts a nd Exp lo ra tio n Re sults is b a se d o n info rma tio n c o mp ile d b y T

• m Sa nd e rs who is a Me mb e r o f T

he Austra la sia n I nstitute o f Mining a nd Me ta llurg y. Mr Sa nd e rs is a n o ffic e r o f Bre a ke r Re so urc e s NL a nd his se rvic e s ha ve b e e n e ng a g e d b y Bre a ke r o n a n 80% o f full time b a sis; he is a lso a sha re ho ld e r in the Co mp a ny. Mr Sa nd e rs ha s suffic ie nt e xp e rie nc e tha t is re le va nt to the style o f mine ra lisa tio n a nd typ e o f d e p o sit und e r c o nsid e ra tio n a nd to the a c tivity b e ing und e rta ke n to q ua lify a s a Co mp e te nt Pe rso n a s d e fine d in the 2012 E d itio n o f the ‘ Austra la sia n Co d e fo r Re p o rting o f E xp lo ra tio n Re sults, Mine ra l Re so urc e s a nd Ore Re se rve s’ . Mr Sa nd e rs c o nse nts to the inc lusio n in the re p o rt o f the ma tte rs b a se d o n his info rma tio n in the fo rm a nd c o nte xt in whic h it a p p e a rs. Any g e o te c hnic a l info rma tio n c o mmunic a te d in the slid e s in this p re se nta tio n re la ting to Bre a ke r Re so urc e s’ e xp lo ra tio n re sults p rio r to 1 De c e mb e r 2013, a nd its a sse ssme nt o f e xp lo ra tio n c o mp le te d b y pa st e xp lo re rs, wa s first p re p a re d a nd d isc lo se d und e r the JORC Co d e 2004. I t ha s no t b e e n up d a te d sinc e to c o mp ly with the JORC Co d e 2012 o n the b a sis tha t the info rma tio n ha s no t ma te ria lly c ha ng e d sinc e it wa s re p o rte d .

2017… laying the foundations

RARE L ARGE GRE E NF IE L DS GOL D DISCOVE RY IN A WORL D CL ASS MINING JURISDICT ION

3



Share pric e $0.50 ($0.35) Marke t Capitalisation $73m ($44m) Cash $15.5m ($12m) Numbe r of Share holde rs 1,226 (1,050)



Disc ove ry signific antly de -riske d

…va lida te d b y 95,000m o f RC a nd dia mo nd drilling …c o ntinuity e vide nt in c lo se -spa c e d drilling (c o ntinuity e q ua ls mine a b ility) …ma ide n re so urc e pla nne d fo r Ma rc h Qua rte r 2018



Outstanding ope n pit and unde rground mining pote ntial

…b ig g o ld de po sits in the WA’ s E a ste rn Go ldfie lds te nd to g o unde rg ro und …po te ntia l to multiply a ny g o ld re so urc e c o nstra ine d b y a n o pe n pit



Outstanding re sults from pre liminary me tallurgy

…c re a te s o ptio ns fo r lo w-c o st pro c e ssing a nd lo w c a pe x de ve lo pme nt

BRB Cor por ate Ove r vie w

Building sha re holde r va lue via disc ove ry a nd de ve lopme nt of ne w g old syste ms Ca pita l Struc ture

4



Issue d Se c ur itie s 145m fully paid shar e s

(5.7m pa rtly pa id sha re s; 8.4m unliste d o ptio ns)



Mar ke t c apitalisation $73m ($0.50/ sha re )



Cash $15.5m (30 Se pte mb e r 2017) Str

• ng shar

e r e giste r Dir e c tor s 17% F unds ~30%

T

• m Sa nde r

s

E xe c utive Cha irma n

Mike Kitne y

No n-E xe c utive Dire c to r

Ma r k E dwa r ds

No n-E xe c utive Dire c to r

Boa rd/ Se nior Ma na g e me nt

Mic he lle Simson

Co mpa ny Se c re ta ry

Ala sta ir Ba r ke r

E xplo ra tio n Ma na g e r

Shar e Pr ic e

T hr e e Ye ar Shar e Pr ic e Char t

1st RC Bombor a Sth Disc ove r y AC Dr illing New Gold Syste m Star t Re sour c e Infill Dr illing

~80% of our funds g o “into the g r

• und”

2nd RC Bombor a Nth Disc ove r y 3r d RC T he Gap Disc ove r y

Hole _ID Inte r val @ g/ t Au Fr

• m

Inc lude s BBRC0166

7m @ 61.78 59m 4m @ 105.04

BBRC0142

24m @ 7.75 9m 18m @ 10.15

BBRC0111

19m @ 7.56 49m 4m @ 32.00

BBRC0329

9m @ 53.29 31m 4m @ 119.24

BBRC0297

28m @ 6.01 40m 12m @ 11.2

Br e ake r … Ove r vie w

5

* Marc h and June 2017 Quarte r Re sults: ASX Re le ase s 26 April 2017 & 19 July 2017

Str

• ng upside base d on e ar

ly stage of de posit “c yc le ”, 100% owne r ship and tight c apital str uc tur e



F

• ur

dr ill r igs unde r way (2 diamond and 2 RC)

…re so urc e d rilling sta rte d in F e b rua ry 2017 …ma id e n re so urc e pla nne d fo r Ma rQ 2018



Obvio us sc ale – 2.2km lo ng & “o pe n” in 556km2 are a



L ar ge gr e e nfie lds gold disc ove r y hid d e n b y thin

tra nspo rte d c o ve r 100km e a st o f K a lg o o rlie



Validate d by 95,000m of RC/ diamond dr illing*

A ra re disc ove ry of qua lity a nd sc a le in a low risk mining jurisdic tion



Infill dr illing r e sults indic ate c ontinuity & c ompe lling

• pe n pit and unde r

gr

• und mining pote ntial

…stro ng re c o ve rie s fro m pre limina ry me ta llurg y

L a ke R

• e Gold Pr
• je c t L

a ndsc a pe

6

Sulphide lode 3.86g / t Au (BBRC0012; 193m- 194m) Visible g old in g re y qua rtz ve in (38.2g / t Au) (BBRD0056 - 8m @ 5.25g / t Au)

Sulphide lode s and stoc kwor k… this style of gold de posit usually e xte nds at de pth to the limits of e c onomic mining. We ar e star ting to se e this.

What doe s it look like ?

L ake Roe Gold Pr

• je c t L
• c ation

L a ke Roe Gold Proje c t Se tting

7



Ge ologic al Se tting

Be twe e n two ma jo r she a r zo ne s tha t c o nve rg e Do le rite in d o ma l g e o me try b e twe e n two la rg e g o ld d e po sits  Asso c ia te d la mpro phyre  E xte nsive a lte ra tio n 



L a rg e te ne me nt ho ld ing (+550km 2, 100%-o wne d , o ur c o re fo c us) T hin c o ve r (typic a lly 5-10m), mino r histo ric al e xplo ratio n, do rmant fo r ~20 ye ars



Mine r alisation Style Gold in sulphide lode s/ stoc kwor k in thic k fr ac tionate d dole r ite … the dominant mine r alisation style and host r

• c k in WA

(a na lo g ie s with St Ive s, Go ld e n Mile , Pa d d ing to n, White F

• il)



L

• c a te d b e twe e n two la rg e g o ld d e po sits, 100km e a st o f K

a lg o o rlie , WA



T wo o pe ra ting g o ld pla nts within ~60km

 It wo rks...thre e disc o ve rie s fro m first thre e RC pro g ra ms

(no w o ne 2.2km-lo ng disc o ve ry in a n 8km-lo ng g o ld syste m)

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Domal Gold T r ap & Cur r e nt Dr illing Status

RC - Downhole Ave rage Gold (ppb)*



Primary gold disc ove re d in Marc h 2016

85,000m o f RC/ dia mo nd drilling c o mple te d

 Re so urc e drilling sta rte d in F

e b rua ry 2017 40m x 20m drill pa tte rn; se ve n ro unds o f a ssa y re sults



No outc rop (transporte d c ove r) so we use shallow airc ore ge oc he mic al drilling to guide de e pe r RC drilling



Many wide -spa c e d inte rse c tions along strike and at de pth indic ate that the 2.2km disc ove ry zone is like ly to grow

 Ma in fo c us o n re so urc e drilling (4 drill rig s) b ut do ing se le c tive

ste p-o ut drill ho le s to g ra dua lly o pe n thing s up …no drilling ye t o utside re c e nt ML A b y BRB (550km2 to g o )

* ASX Re le ase 31 Oc to b e r 2017

Mining L e ase Applic ation

9

L

• ng Se c tion – How big is 2.2km?

 Big e no ug h to fit a we ll-kno wn

• re de po sit inside it (twic e )



De e p re c onnaissanc e drilling starting to highlight long- te rm unde rground mining pote ntial

L

• oking at the Bombor

a disc ove r y “side - on” (to the we st)

Same Sc ale

BBDD0020 - 7.5m @ 9.03g / t g old* (ne w lode “floa ting in spa c e ”; our de e pe st hit)

* ASX Re le ase s 7 Aug ust 2017 & 31 Oc to b e r 2017;

I nte rse c tio ns no t a djuste d fo r true width g ive n re c o nnaissa nc e na ture o f drilling (do wnho le inte rva ls)

Infill Dr illing/ Me tallur gy L

• we r

ing Pr

• je c t Risk

10

Able to pa n g old in sulphide - ric h zone s L a mprophyre dyke s pre se nt ove r 8km – de e p ma ntle c onne c tion (c f. Golde n Mile , Da rlot) Qua rtz- biotite - a lbite - sulphide a lte re d qua rtz dole rite (c f. Junc tion g old de posit, St Ive s) Gra nophyric qua rtz dole rite pre c ursor, we a kly a lte re d (c f. Golde n Mile / Junc tion Dole rite )



Me tallurgy (stro ng re sults)

Ba se line E nviro (immine nt) Hydro (immine nt) L IDAR RL surve y (do ne )

Str

• ng ly a lte r

e d dole r ite (5.71g/ t Au) T he ma ntle c onne c tion Visible g old c ommon in c or e a nd pa n We a kly a lte r e d dole r ite (0.41g/ t Au)

 Infill drilling is sta rting to

de fine the mine ra lisa tio n c o ntro ls



Infill drilling is showing good c ontinuity be twe e n se c tions (signific antly de -risks any mining)

11

F ir st Infill R C R e sults 2.2km Bombor a

R C - Downhole Ave r a g e Gold Pr e vious T wo Qua r te r s

(June 2017 quar te r * in r e d, Mar c h 2017 quar te r in blue )

Marc h/ June 2017 quarte r re sults*



High-grade gold is pe rsiste ntly pre se nt at highe r c ut-off grade s c re ating ope n pit/ unde rground mining optionality

* ASX Re le ase s 26 April 2017 & 19 July 2017

Hole _ID Inte r val @ g/ t Au Fr

• m

Inc lude s BBRC0166

7m @ 61.78 59m 4m @ 105.04

BBRC0142

24m @ 7.75 9m 18m @ 10.15

BBRC0111

19m @ 7.56 49m 4m @ 32.00

BBRC0329

9m @ 53.29 31m 4m @ 119.24

BBRC0297

28m @ 6.01 40m 12m @ 11.2

BBRC0194

54m @ 2.38 5m 11m @ 5.82

BBRC0201

37m @ 3.44 115m 12m @ 3.53

BBDD0006

21.3m @ 5.10 46.4m 12.7m @ 7.07

BBRC0110

27m @ 3.86 21m 14m @ 6.87



Se e ing good gold inte rse c tions ove r 2.2km distanc e at shallow de pth… outstanding ope n pit pote ntial Ope n pit c ut-o ff (plus 0.2g / t Au) Und e rg ro und c ut-o ff (plus 1.0 g / t Au)

12

L ate st Infill R C R e sults 2.2km Bombor a

R C - Downhole Ave r a g e Gold Se pte mbe r 2017 Qua r te r

Se pte mbe r 2017 quarte r re sults*

 Hig h-g ra de g o ld a t de pth ha s sc o pe to a dd multiple s

to a ny re so urc e c o nstra ine d b y limits o f o pe n pit mining

* ASX Re le ase 31 Oc to b e r 2017



Strong re sults at de pth from re c onnaissanc e DD drilling 7.5m @ 9.03g/ t Au (300m be low surfac e )



More gold at inc re asing de pth with RC drilling

Hole No. Int e r val @ g/ t F r

• m

Inc lude s BBRC0644

27m @ 12.37 120m 13m @ 24.48

BBRC0452

20m @ 3.29 140m 16m @ 4.06

BBRC0379

14m @ 4.23 95m 3m @ 15.65

and

7m @ 5.2 117m 5m @ 7.03

BBRC0390

24m @ 2.24 132m 7m @ 4.29

BBRC0487

44m @ 3.37 60m 13m @ 9.00

BBRC0457

12m @ 7.15 140m 4m @ 20.95

BBRC0450

10m @ 3.36 37m 5m @ 6.31

and

16m @ 2.23 100m 8m @ 3.97

BBRC0530

32m @ 1.38 76m 8m @ 3.22

13

ASX R e le ase 23 Nove mbe r 2017



All but four of 57 drill hole s hit signific ant mine ralisation RC - Downhole Ave rage Gold

Str

• ng r

e sults hig hlig ht c ontinuity of mine r a lisa tion* 

E me rging plunge c ontrols upgrade pote ntial at de pth

* ASX Re le ase 23 No ve mb e r 2017

Hole No. Int e r val @ g/ t gold F r

• m

Inc lude s Int e r val @ g/ t gold F r

• m

BBRC0656

12m @ 4.54 52m 6m @ 7.15 56m 9m @ 1.37 87m 8m @ 1.42 88m

BBDD0030

16.5m @ 4.50 65m 7m @ 9.37 70m

• 4.43m @ 14.04

70.8m

BBDD0016

45m @ 2.29 6m 22m @ 2.73 15m

• 9m @ 3.22

28m

BBRD0152

31m @ 1.41 222m 12m @ 2.84 241m

• 5m @ 6.15

241m

14

Infill Dr illing – Cr

• ss Se c tion 6601700N



Ge ne ral patte rn is ste e p mine ralise d faults with flat/ we st-dipping linking faults (be tte r gold whe re ste e p and flat struc ture s)



Shallow/ high-grade *

 E

xc e lle nt o pe n pit o r u/ g mining c o nfig ura tio n (hig h-g ra de lo de is 100m wide a nd c o ntinuo us)

Hole_ID Interva l @ g / t Gold F rom Inc ludes

B B RC 0142 24m @ 7.75 9m 18m @ 10.15 B B RC 0110 27m @ 3.86 21m 14m @ 6.87 B B RC 0111 19m @ 7.56 49m 4m @ 32.00 a nd 9m @ 1.75 63m 3m @ 3.68 B B DD0006 21.3m @ 5.10 46.4m 12.7m @ 7.07

* ASX Re le ase s 24 January 2017, 31 January 2017, 1 Marc h 2017, 27 Marc h 2017 & 7 Aug ust 2017

 Go o d c o ntinuity b e twe e n se c tio ns tra nsla te s to

c o mpe lling mining po te ntia l

15

Infill Dr illing – Cr

• ss Se c tion 6601760N



Improving at de pth (influe nc e d by plunge )

 Go o d c o ntinuity/ width*  Ob vio us o pe n pit a nd u/ g mining po te ntia l

* ASX Re le ase s 24 January 2017, 31 January 2017, 1 Marc h 2017 & 27 Marc h 2017



Similar patte rn to pre vious c ross-se c tion (and through re mainde r of de posit)

Ho le No . Inte rva l @ g / t Fro m Inc lude s BBR C0269

14m @ 5.20 57m 3m @ 21.74

BBR C0449

29m @ 1.39 17m 7m @ 2.78

BBR C0268

19m @ 1.42 9m 8m @ 2.42

BBR C0267

9m @ 5.19 21m 4m @ 10.89

BBR C0452

20m @ 3.29 140m 16m @ 4.06

a nd

20m @ 1.18 168m

• BBR

C0450

16m @ 2.23 100m 4m @ 24.10

16

Infill Dr illing – Cr

• ss Se c tion 6601100N



F lat, 100m-wide , ve ry high-grade “re e f” (and some ste e pe r lode s)



Good c ontinuity/ shallow/ high-grade *

 Ob vio us mining po te ntia l

Hole_ID Interva l @ g / t Gold F rom Inc ludes

B B RC 0166 7m @ 61.78 59m 4m @ 105.04 B B RC 0183 11m @ 7.77 44m 6m @ 13.67 B B RC 0098 18m @ 2.60 54m 6m @ 6.26 B B RC 0165 12m @ 3.14 48m 5m @ 6.99 B B RC 0100 3m @ 4.73 51m 1m @ 9.48 a nd 25m @ 1.36 74m 1m @ 12.36 B B DD0008 3.55m @ 7.77 50.45m 1.93m @ 13.83

* ASX Re le ase s 24 January 2017, 31 January 2017, 1 Marc h 2017 & 27 Marc h 2017

17

Infill Dr illing – Cr

• ss Se c tion 6601200N

 Unde rg ro und po te ntia l is wide o pe n 

More de e p re c onnaissanc e diamond drilling planne d

Hole No. Int e r val @ g/ t gold F r

• m

(m) Inc lude s Int e r val @ g/ t gold BBDD0020

5.7m @ 3.53 152.30 4m @ 4.83 2.5m @ 10.24 236.50

• 7.5m @ 9.03

315.75 5.25m @ 12.71

BBDD0010

5.8m @ 2.68 151m 2m @ 6.2 5.3m @ 7.07 244m 3.8m @ 9.29

* ASX Re le ase s 24 January 2017, 31 January 2017, 1 Marc h 2017, 27 Marc h 2017 & 7 Aug ust 2017



High-grade gold lode s inte rse c te d up to 300m de e p*



L arge r sc ale to show de e pe r drilling

18

Pr e liminar y Me tallur gy

*ASX Re le ase 18 Oc to b e r 2017

Comminution (oxide / fre sh) Gravity/ Cyanide E xtrac tion (oxide / fre sh)

 Mo de st o re ha rdne ss

Ba ll mill wo rk inde x <16kWh/ t fo r fre sh mine ra lisa tio n

 Go ld re c o ve rie s o f 95% (o xide a nd fre sh)  Up to 39% o f g o ld re c o ve ra b le b y g ra vity c o nc e ntra tio n  Ra pid g o ld le a c h kine tic s

(90% g o ld re c o ve ry within 4hrs a fte r g ra vity g o ld re c o ve ry)

 L

• w re a g e nt c o nsumptio n

No de le te rio us e le me nts

 F

urthe r re sults pe nding

Re sults point towards low proc e ssing c osts

19

T he Str ike Pote ntial



Wide -spa c e d inte rc e pts to north and south of disc ove ry indic ate good pote ntial to e xte nd footprint of re sourc e drilling*

2.2km- long disc ove r y is big but we e xpe c t it to ge t bigge r

RC - Downhole Ave rage Gold

Hole _ID Inte r val @ g/ t Au Fr

• m

Inc lude s BBRC0406

6m @ 4.50 130m 4m @ 5.97

BBRC0405

20m @ 1.40 24 4m @ 3.25

BBRC0201

36m @ 3.44 115m 12m @ 5.23

BBRC0014

14m @ 1.43 26m 3m @ 4.62

BBRC0015

3m @ 8.53 31m 1m @ 24.91

BBRC0116

13m @ 1.43 73m 3m @ 4.87

BAC1061

12m @ 1.46 39m 4m @ 3.19

Mining L e ase Applic ation



Main foc us c urre ntly on re sourc e drilling (4 drill rigs)

…b ut we do se le c tive ste p-o ut e xplo ra tio n drill ho le s

 Will so o n sta rt to o pe n up re ma ining 550km2 o f pro je c t

* ASX Re le ase s 29 April 2016 & 31 Oc to b e r 2017;

I nte rse c tio ns no t a djuste d fo r true width g ive n re c o nnaissa nc e na ture o f drilling (do wnho le inte rva ls)

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T he L ate r al Pote ntial – Claypan She ar

Ge oc he mic al Drilling South of Bombora Disc ove ry (Airc ore drill hole s c ode d by downhole ave . gold)

* ASX Re le ase 29 April 2016



Bombor a gold syste m e xte nds to the e ast ne a r

“Cla ypa n She a r” (mine ra lisa tio n style unc le a r)



Many une xplaine d inte r se c tions (many e nd-of-hole )*

7m @ 2.58g / t (inc l. 1m @ 16.12g / t) 4m @ 1.59g / t E OH (inc l. 2m @ 5.55g / t) 6m @ 1.34g / t (inc l. 1m @ 4.95g / t)

 Ca n inte rpre t multiple zo ne s o f g o ld mine ra lisatio n

b a se d o n a ve ra g e do wnho le g o ld (inside +50ppb E OH ha lo )

 Re c o nna issa nc e RC pla nne d (De c Q 2017)

21

L

• ng Se c tion - the De pth Pote ntial

L

• oking at the Bombor

a disc ove r y “side - on” (to the we st)

BBDD0020 - 7.5m @ 9.03g / t g old* (ne w lode “floa ting in spa c e ”; our de e pe st hit)



L imite d de e p re c onnaissanc e has c onfirme d long-te rm UG pote ntial (but still ve ry e arly)

 Hig h-g ra de g o ld a t de pth ha s sc o pe

to a dd multiple s to a ny re so urc e c o nstra ine d b y limits o f o pe n pit mining

Same Sc ale

* ASX Re le ase 31 Oc to b e r 2017;

I nte rse c tio ns no t a djuste d fo r true width g ive n re c o nnaissa nc e na ture o f drilling (do wnho le inte rva ls)



L ake Roe is a rare gre e nfie lds gold disc ove ry of sc ale with high-grade mining optionality 100km from Kalgoorlie

In Summar y

 Co mpe lling o pe n pit a nd unde rg ro und mining po te ntia l

(ma ny disc o ve rie s do n’ t ha ve this)



Strong upside growth e xpe c te d base d on:

• re sourc e build
• strike e xte nsions
• de pth e xte nsions
• furthe r disc ove ry

(a ssiste d b y tig ht c a pita l struc ture , 100% pro je c t o wne rship, stro ng ne ws flo w/ a g g re ssive drilling a nd e a rly sta g e o f pro je c t “c yc le ”)

 L

a rg e g o ld syste ms te nd to ke e p “g iving ”…a fte r ~95,000m

• f RC a nd dia mo nd drilling this is wha t we a re se e ing



Infill drilling showing good c ontinuity be twe e n se c tions with e xc e lle nt me tallurgy (signific ant de -risking)

20

T he Ye ar Ahe ad



Re sourc e build in 2.2km disc ove ry zone (4 drill rigs)

…ta rg e ting ma ide n JORC Re so urc e in Ma rc h 2018 Qua rte r …re so urc e drilling will c o ntinue we ll a fte r this

Multiple sha re pric e c a ta lysts with strong ne ws flow



Se le c tive drilling to sc ope strike and late ral e xte nsions

…fo llo w-up drilling o f re c o nna issa nc e drill inte rse c tio ns pla nne d



Drilling unde rway to sc ope de pth e xte nsions

…stro ng e a rly re sults e g . 7.5m @ 9.0g / t g o ld 300m fro m surfa c e …po te ntia l to a dd multiple s to a ny sha llo w (o pe n pit) re so urc e



Will start to inve stigate the balanc e of the 550km 2 te ne me nt holding



More me tallurgy; base line e nviro and wate r asse ssme nts

21

T HANK YOU

ASX Code : BRB www.bre a ke rre sourc e s.c om.a u