ASX Announcement 21 June 2005 Burdekin Pacific Limited A.C.N....

ASX Announcement 21 June 2005 Burdekin Pacific Limited A.C.N. 059 329 519 Level 2, BGC Centre 28 The Esplanade Perth WA 6000 Phone: +61 8 9322 6045 Fax: +61 8 9481 5557 Email:[email protected]
Enquiries regarding this announcement can be directed to either:Mr Jerome G Vitale Director and Chief Executive Officer or Ms Susan J Field Executive Director and Company Secretary 21 June 2005

Update on Resource and Reserve Definition

The Directors advise that the an updated mineral resource estimate for Mt Kasi, previously anticipated in mid May, is now not expected to be available until the middle of the next quarter.

The delay has been caused by a combination of factors, these being principally the previously reported equipment failure at the tail end of the in-fill drill work, the extended process of database due diligence in relation to validation of historical drill results generated by previous explorers (which utilized data from drilling completed in the 1980’s and 1990’s, requiring sourcing of data from archives) to JORC standard and the ensuing internal and external scheduling of this work by the independent consultant RSG Global.

In the interim, process engineers Bemex Corporation Pty Ltd have been appointed to provide an independent assessment of project operating and capital costs under various operating throughput assumptions and to identify possible early development options for the project once reserve numbers are available. Timing of sign-off on reserves depends on the availability of important inputs such as contract mining quotes based on an initial pit optimisation and mining schedule, geotechnical review, hydrology, and environmental/tailings containment planning.
This work will be expedited based on previous available studies and existing mine infrastructure (eg an already established tailings storage facility), and is expected to be completed by independent consultants during the course of the next quarter.

Field preparation work for the next round of drilling including preparation of access roads has already commenced and is expected to be formally committed to once revised mineral resource and reserve estimates are to hand.
Yours faithfully,
Jerome G Vitale
Managing Director
Note:The technical aspects of this communication pertaining to the Mt Kasi project have been compiled by Mr Craig R Hall, MAusIMM, MAIG. Mr Hall is an employee of a subsidiary of Burdekin Pacific Limited and has sufficient expertise relevant to the style of mineralisation and type of deposit under consideration and to the activity, which he is undertaking to qualify
as a Competent Person as defined in the Australasian Code for Reporting of Mineral Resources and Ore Reserves. Mr Hall consents to the inclusion in this report of the matters referred to, based on the information being in the form and context in
which it appears.

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