BRB 0.00% 47.5¢ breaker resources nl

Gruyere the big cheese as analysts warn Australia's lack of new gold discoveries threatens future output

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    Found this article on ABC news website, mentions Breaker as one of the next mines of the rank ... https://mobile.abc.net.au/news/2019-07-01/lack-of-major-new-gold-discoveries-in-australia-threatens-output/11268470

    Relevant text ..."The junior explorers have been struggling to raise significant capital and a lot of the major gold companies have really focussed their exploration in recent years on sustaining existing operations, rather than finding new ones." One of the few exceptions is Breaker Resources with its Bombora greenfields discovery, 100 kilometres east of Kalgoorlie-Boulder, but even the most optimistic investor would admit mining was still years away.The Perth-based company raised $6.3 million in May to continue drilling out the 6-kilometre-long gold system it stumbled on in August 2015 at Lake Roe and where it has since defined more than 1.1 million ounces."
    Last edited by blu_afro: 01/07/19
 
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