Looking good in today's presentation: 1. merger expected to be complete April 2. maiden JORC reserve end of Q2 (possible addition JORC resource) 3. pre-feas - Q3 4. Gibraltar 161,000 oz not inc. in 3.2m oz resource yet 5. Geko option to provide additional JORC resource in future, when exercised.
--------------------------------------------------------- New chief for Bullabulling
Brian Robins March 9, 2012
WITH the revamp of equity interests in the Bullabulling goldmine near Coolgardie now moving into the final stretch, the company has appointed the former head of Thundelarra Exploration to run the merged company.
Ending a long process, ownership of the WA mine, which has an estimated resource of 3.2 million ounces, is being streamlined into a single entity, which will be listed on the ASX next month.
Previously ownership was split between Auzex Resources and British company GGG Resources, with these two companies being merged and the entity renamed Bullabulling Gold.
Advertisement: Story continues below Earlier this week, Auzex Resources outlined additional reserves at the project and yesterday Brett Lambert was appointed new chief executive.
While most recently with Thundelarra Exploration, Mr Lambert had experience financing and developing the Paulsens goldmine, in a long career in the mining industry.
''Brett will be responsible for delivering the Bullabulling project to commence gold production in 2015,'' Auzex Resources managing director John Lawton said yesterday.
