Managing Director Commencement
01 5월 2012 - 3:00PM
UK Regulatory
TIDMBGL
Bullabulling Gold Limited
("BBG" or the "Company")
MANAGING DIRECTOR COMMENCEMENT
The Board of Bullabulling Gold Limited is pleased to advise that Brett Lambert
has today commenced in his role as Managing Director of the Company.
Brett is a mining engineer with 30 years' experience in operations, project
development and corporate management. He has been a director of companies
listed of the Australian Securities Exchange, Toronto Stock Exchange and the
Stock Exchange of Thailand and has held the position of Chief Executive Officer
at three of these companies.
Importantly, Brett's experience includes taking several projects through
feasibility study, development and into production, including a significant
gold mining operation in the Coolgardie region of Western Australia, where the
Bullabulling Gold Project is located.
The Board wishes to thank Jeff Malaihollo for his contribution as Managing
Director since the listing of the Company on the AIM and ASX markets earlier
this year. Jeff will continue as a non-executive director.
The Board of Bullabulling Gold Limited now comprises:
Peter Mansell Chairman
Brett Lambert Managing Director
David McArthur Executive Director
Chris Baker Non-Executive Director
John Lawton Non-Executive Director
Jeff Malaihollo Non-Executive Director
The Company intends to appoint an additional independent non-executive director
to further broaden the expertise of the Board and maintain a high level of
corporate governance.
David McArthur
DIRECTOR
About Bullabulling Gold Limited
Bullabulling Gold Limited listed on the Australian Securities Exchange (ASX:
BAB) and London Alternative Investment Market (AIM:BGL) in March 2012 and has
approximately 289 million shares on issue. The Company's primary focus is on
its wholly owned Bullabulling Gold Project, located near Coolgardie in Western
Australia.
The Bullabulling Gold Project hosts JORC compliant Mineral Resources of 3.2
million ounces comprising an Indicated Resource of 72.1 million tonnes at 0.92
g/t gold and an Inferred Resource of 30.7 million tonnes at 1.07g/t gold.
Exploration has demonstrated strong potential for further expansion of the
resource base.
The Bullabulling resource is amenable to bulk tonnage open pit mining and
conventional CIL processing has delivered high gold recoveries. The core of the
project is situated on granted Mining Leases in close proximity to
infrastructure.
The Company is currently undertaking a pre-feasibility study into the
development of a large scale, low cost mining operation at Bullabulling, with
first production targeted for 2015.
For further information contact Brett Lambert, Managing Director, on +61 8 9386
4086 or visit the Company's website www.bullabullinggold.com.
Competent Person Statement
The information in this report that relates to Exploration Results, Mineral
Resources or Ore Reserves is based upon information compiled by Dr Jeffrey
Malaihollo, who is a director of the Company and Fellow of The Australasian
Institute of Mining and Metallurgy and a Fellow of the Geological Society of
London. Dr Malaihollo has sufficient experience relevant to the style of
mineralization and type of deposit under consideration and the activity in
which he is undertaking to qualify as a Competent Person under 2004 Edition of
the Australasian Code for Reporting Exploration Results, Mineral Resources and
Ore Reserves (JORC Code). Dr Malaihollo consents to the inclusion in this
report of the matters based on his information in the form and context in which
it appears.
Contacts:
Brett Lambert
Bullabulling Gold Ltd
41 Stirling Highway
Nedlands, WA, 6009, Australia
Tel: +61 8 9386 4086
Cannacord Genuity (Broker) Westhouse Securities Limited
John Prior / Adam Miller (UK Nominated Adviser)
Tel: +44 20 7523 8350 Tom Price / Martin Davison
Tel: +44 20 7601 6100
Neil Boom David Brook
MD, Gresham PR Ltd (UK media) Professional Public Relations
(Australia Media)
Tel: +44 7866 805 108 Email: david.brook@ppr.com.au
Tel: +61 8 9388 0944 / +61 433 112 936
For information required to be disclosed under the AIM Rules in relation to the
appointment of Brett Lambert please see announcement dated 8 March 2012.
END
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