Bullabulling Gold Limited Key Management Appointment (3111O)

TIDMBGL

RNS Number : 3111O

Bullabulling Gold Limited

10 October 2012

Bullabulling Gold Limited

 
 10 October 2012   AIM Code: BGL, ASX Code: BAB

Key Management Appointment to Advance Bullabulling Gold Project

   --   Mark Braghieri appointed General Manager Development 
   --   30 years' experience, predominately in large-scale open-pit mining

-- To be responsible for the successful completion of Bullabulling Gold Project Feasibility Study, project construction and commissioning

-- The Company is continuing to progress the Pre-Feasibility Study, a further update including guidance on costs is anticipated later this month

Bullabulling Gold Limited advises that Mr Mark Braghieri has been appointed to the newly-created position of General Manager Development. In this role Mark will assist the Company in the completion of the Bullabulling Gold Project Pre-Feasibility Study, before taking responsibility for the successful execution of the Definitive Feasibility Study, project construction and ultimately commissioning.

Mark has a degree in Mining Engineering and a Masters of Business Administration, with 30 years of industry experience predominantly in large-scale open-pit mining.

Mark has held senior technical and operational management positions for a number of well-regarded Australian and international mining companies, during which time he was involved in the Boddington Gold Mine feasibility study and the establishment of the Kalgoorlie Super Pit, two of the largest gold mines in Australia.

Mark has also held senior management roles with major Australian open pit mining contractors with multi-project responsibility.

Bullabulling Gold Managing Director Brett Lambert said:

"I am very pleased that we were able to attract someone of Mark's calibre to fill this key position in the Company's permanent management team.

"Mark's extensive experience in all aspects of open-pit mining and project establishment will be of great value to the Company as we move toward development of a large-scale, highly efficient gold mining operation at Bullabulling."

Mark will take up his position with Bullabulling Gold in late November after serving out a notice period with his current employer.

The Company is continuing to progress the Pre-Feasibility Study into the development of the Bullabulling Gold Project and anticipates providing an update on the status of the study, including guidance on preliminary estimates of capital and operating costs, later in October.

For information, contact:

 
 Brett Lambert 
  Bullabulling Gold Limited 
  Level 2, 55 Carrington 
  Street 
  Nedlands, WA, 6009, Australia 
  Tel: +61 8 9386 4086 
-------------------------------  ----------------------------------------------- 
 Canaccord Genuity (Broker)       Westhouse Securities Limited 
  John Prior                       (UK Nominated Adviser) 
  Tel: +44 20 7523 8350            Martin Davison / Jonathan Haines 
                                   Tel: +44 20 7601 6100 
-------------------------------  ----------------------------------------------- 
 Neil Boom                        John Gardner / Blake Wilshaw 
  Gresham PR Ltd (UK media)        MAGNUS Investor Relations 
  Tel: +44 7866 805 108            (Australian Media) 
                                   Tel: +61 8 9212 0101 
                                   jgardner@magnus.net.au/bwilshaw@magnus.net.au 
-------------------------------  -----------------------------------------------

About Bullabulling Gold Limited

Bullabulling Gold Limited is listed on the Australian Securities Exchange (ASX:BAB) and London's AIM Market (AIM:BGL) and has approximately 289 million shares on issue. The Company's primary asset is the wholly owned Bullabulling Gold Project, located near Coolgardie in Western Australia.

The Bullabulling Gold Project hosts JORC compliant Mineral Resources of 3.5 million ounces comprising Indicated Resources of 71.7 million tonnes at 0.96 g/t gold and Inferred Resources of 32.8 million tonnes at 1.06 g/t gold at Bullabulling and Inferred Resources of 4.8 million tonnes at 1.15 g/t gold at Gibraltar. Exploration has demonstrated strong potential for further expansion of the resource base.

The Bullabulling deposit is amenable to bulk tonnage open pit mining and conventional CIL processing has delivered high gold recoveries. The deposit 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.

Competent Person Statement

The information in this report that relates to the Exploration Results, Mineral Resources or Ore Reserves is based upon information compiled by Dr. Gregor Partington, who acts as an exploration consultant to the company and is a member of The Australasian Institute of Mining and Metallurgy and the Australian Institute of Geoscientists. Dr. Partington has sufficient experience relevant to the style of mineralisation 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. Partington consents to the inclusion in this report of the matters based on his information in the form and context in which it appears.

This information is provided by RNS

The company news service from the London Stock Exchange

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