Fully funded to complete it's 22000m RC and diamond drilling campaign (in progress, first assays in 3 weeks) to expand it's already healthy JORC of 3 million ounces of gold.
$5 billion worth of mineable Au for an EV of $13 million with the potential to multiply - just 2km of the 27km of shear zones have been drill tested.
Company currently valued at $4 per resource ounce Au compared to peer average of $40 per resource ounce Au.
Resource base is low capex, low opex; recoverable by direct cyanidation.
Mining licence covers 42sqkm, valid for 25 years, serviced by existing airport, roads, rail, power, water.
Entry for STT
BRB, FA
Market cap $18 million $4.5 million cash
Breaker is the largest tenement holder in the Eastern Goldfields Superterrane which accounts for 75% of Australia's gold. The Company has a 100% interest in eight projects in the emerging Yamarna and Burtville Terranes.
Breaker’s objective is early discovery in an unexplored part of Australia’s premier gold province.
8000m aircore drilling program underway testing a 32km gold in soil anomaly. The apparent structural control, in conjunction with a gold-mercury-copper-zinc-silver metal association, indicates a previously unexplored Archean bedrock gold system.
