Hi All,For those prospective investors that believe Bardoc's...

Hi All,

For those prospective investors that believe Bardoc's mine life is limited to the current PFS or even DFS once released need a word of warning - That is simply not correct!

Results from some of the satellite deposits over the past twelve months emphasis the point that Robert Ryan continuously makes in his presentations and announcements that the board have a long term vision to expand Bardoc to a 15+ Mine Life.

We all know Aphrodite and Zoroastrian have a substantial resource along with high grades although it's the satellite deposits that should excite prospective investors just as much. Bardoc has a totality of seventeen sites and have predominately been drilling three of these over the past twelve months with outstanding results, namely at the El Dorado and Mayday deposits which are continuing to grow with gold being hit outside the current resource.

With the mineral resource update due at the end of September (only four weeks away now!) I think now is a good time to look back and remember some of the drill results over the past year. When you look at it on a grand scale, you can clearly see why Neil Biddle has just bought another parcel of $250k worth of shares at the current SP.

Once Bardoc releases the DFS and secure funding, whilst the mining of the Excelsior and Zoroastrian in the first few years will get the cash flow turning and balance sheet at pretty figures, it's the drill rigs being dug into these sites below as well as others such as Slug Hill and North Duke that we will see an organic growth of resource and SP. This isn't a short term play stock on the ASX, this is a worthy candidate to be the next big WA Gold Project and some with hopes to become the next NST like producer.

Yes, there's a long long way to go before we get to that point, although the board have set a tremendous foundation over the past two years to set Bardoc Gold up as a long term and continually expanding resource and company.

Sometimes it's a good idea to look back on what has been achieved to realise the big picture of what will eventually take shape in the years to come.


El Dorado

• 28m @ 13.59g/t Au from 176m, including 6m @ 57.7g/t from 176m in KNC190079
• 29m @ 1.69g/t Au from 185m in KNC190080
• 15m @ 1.43g/t Au from 140m in KNC190078
• 15m @ 1.27g/t Au from 180m in KNC190077
• 11m @ 11.38g/t Au from 196m including 5m @ 23.34g/t Au from 200m in KNC190105;
• 9m @ 4.71g/t Au from 173m including 5m @ 7.63g/t Au from 175m in KNCD190090;
• 10m @ 5.77g/t Au from 164m including 6m @ 8.03g/t Au from 166m in KNC190100;

Mayday

• 14m @ 2.96g/t Au from 130m in MNC190003; and
• 18m @ 2.57g/t Au from 103m, including 8m @ 3.57g/t Au from 108m in MNC190011.
• 12m @ 2.45g/t Au from 125m including 4m @ 3.98g/t Au from 126m in MNC200002
• 16m @ 1.63g/t Au from 107m in MNC200003
• 24m @ 1.55g/t Au from 252m in MNC200004
• 18m @ 2.02g/t Au from 105m including 6m @ 4.22g/t Au from 116m in MNCD190007
• 25.7m @ 2.20g/t Au from 79.7m including 6.2m @ 4.09g/t Au from 96m in MND200004
• 16.8m @ 1.36g/t Au from 85m in MND200003
• 6m @ 3.95g/t Au from 42m in MNC200015
• 30m @ 1.42g/t Au from 161m including 14m @ 2.13g/t Au from 161m in MNC200038

Significant anomalous gold intersected 350m west of the current Resource.

• 7m @ 1.01g/t Au from 135m in MNC200025
• 69m @ 0.26g/t Au from 47m in MNC200030

North Kawona Star

• 4m @ 4.44g/t Au from 33m within a broader zone of 17m @ 1.59g/t Au from 26m (NKC190002);
• 4m @ 3.34g/t Au from 32m within a broader zone of 16m @ 1.29g/t Au from 32m; and
• 4m @ 3.72g/t Au from 85m within a broader zone of 14m @ 1.68g/t Au from 82m (NKC190007).

Aphrodite (Predominately In Fill Program)

• 22.6m @ 4.54g/t Au from 202.4m including 6.5m @ 11.25g/t Au from 206.5m in 19APDM002
• 18.1m @ 5.05g/t Au from 322.7m including 8m @ 9.51g/t Au from 324m in 19APDM004
• 6.9m @ 4.72g/t Au from 107m in 19APDM003
• 15.1m @ 6.58g/t Au from 418.1m including 5.3m @ 15.86g/t Au from 418.1m in 20APD001
• 6.7m @ 3.01g/t Au from 402m in 20APD002
• 37m @ 6.21g/t Au from 90m including 13m @ 10.94g/t Au from 90m in 20APRC0006
• 7m @ 8.95g/t Au including 4m @ 15.07g/t Au from 132m in 20APRC0001
• 4m @ 5.24g/t Au from 158m in 20APRC0003

Zoroastrian (Predominately In Fill Program)

• 7.3m @ 21.21g/t Au from 292.57m in KND200002
• 13.3m @ 6.38g/t Au from 144m including 1m @ 65.5g/t Au from 151.0m in KND200003
• 6.7m @ 7.85g/t Au from 162m in KND200001
• 11m @ 5.73g/t Au from 209m in KND200001
• 3.1m @ 9.49g/t Au from 164.7m and;
• 7.4m @ 3.29g/t Au from 201m and;
• 15.2m @ 3.74g/t Au from 228.3m incl 5.1 @ 10.00g/t Au from 237.1m in KND200004.
• 8.8m @ 3.52g/t Au from 147.1m and;
• 11.2m @ 7.29g/t Au from 235.5m including 5.2m @ 13.5g/t Au from 235.5m and;
• 8.8m @ 4.30g/t Au from 317m including 3.3m @ 8.54g/t Au from 320m in KND200005.
• 7.1m @ 3.11g/t Au from 269.3m and;
• 24m @ 2.05g/t Au from 285m in KND200006.

Neil Biddle buying on market over the past 12 months also serves as a good reminder for any novice investor looking at stocks...

"A British research company, Director Deals, undertook a study of returns achieved based on directors' transactions between 1999 and 2003. They found that significant buying by directors was followed by an average rise of 23.5% in the year after the purchase, and significant selling was followed by an average fall of 15.5%."

Good Luck to all holders, old and new.

Our time is coming.

TSG