Bullabulling Gold Limited $2.5 MILLION ADDITIONAL FUNDING RECEIVED (0340M)

TIDMBGL

RNS Number : 0340M

Bullabulling Gold Limited

20 August 2013

20 August 2013 ASX Code: BAB, AIM Code: BGL

$2.5 MILLION ADDITIONAL FUNDING RECEIVED

Bullabulling Gold Limited is pleased to report that proceeds of $2.5 million have been received from a Research and Development (R&D) Tax Incentive application lodged on behalf of its subsidiary, Bullabulling Operations Pty Ltd.

The latest grant follows receipt of $2.0 million from an R&D application by its other subsidiary, Bullabulling Gold UK Ltd, as announced on 4 July 2013.

The R&D funds will be applied to the definitive feasibility study for the 3.7 million ounce Bullabulling Gold Project, which is scheduled for completion in 2014.

For information, contact:

 
 Brett Lambert                    Westhouse Securities Limited 
  Bullabulling Gold Limited        (UK Broker & Nominated Adviser) 
  Level 2, 55 Carrington Street    Martin Davison 
  Nedlands, WA, 6009, Australia    Tel: +44 20 7601 6100 
  Tel: +61 8 9386 4086 
-------------------------------  ----------------------------------------------- 
 Neil Boom                        John Gardner / Rupert Dearden 
  Gresham PR Ltd (UK media)        MAGNUS Investor Relations. Corporate 
  Tel: +44 7866 805 108            Communication. (Australian Media) 
                                   Tel: +61 8 6160 4900 
                                   jgardner@magnus.net.au rdearden@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 341.7 million shares on issue. The Company's primary asset is the wholly owned Bullabulling Gold Project, located 60 kilometres west of Kalgoorlie in Western Australia.

The Bullabulling Gold Project hosts JORC compliant Mineral Resources of 3.7 million ounces comprising Indicated Resources of 72.7 million tonnes at 0.97 g/t gold (2.3 million ounces) and Inferred Resources of 40.5 million tonnes at 1.11 g/t gold (1.4 million ounces). 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. All resources are situated on granted Mining Leases in close proximity to infrastructure.

The Company is conducting a definitive feasibility study into the development of a large scale, low cost mining operation at Bullabulling which is scheduled for completion in 2014.

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 Mr Trevor Pilcher, who is a full time employee of the Company and is a member of The Australasian Institute of Mining and Metallurgy. Mr Pilcher 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). Mr Pilcher 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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