Bullabulling Gold Limited Publication of Target's Statement (0753H)

TIDMBGL

RNS Number : 0753H

Bullabulling Gold Limited

14 May 2014

14 May 2014 ASX Code: BAB, AIM Code: BGL

Bullabulling Gold Limited ("Bullabulling " or the "Company")

Publication of Target's Statement

Bullabulling has today released its Target's Statement in response to the offer from Norton Gold Fields Limited ("Norton"). This Target's Statement contains the directors' formal response to Norton's Offer. Shareholders are encouraged to carefully read all the information contained in this Target's Statement and seek independent advice. The Target's Statement is available in full at www.bullabullinggold.com.

The Directors reiterate to all Bullabulling shareholders their recommendation that they reject the inadequate and opportunistic takeover bid by Norton.

Please direct enquiries or requests for further information to:

 
 Brett Lambert                       Darren Martin 
  Managing Director                   Executive Director 
  Bullabulling Gold Limited           Gresham Advisory Partners 
  Level 2, 55 Carrington Street       +61 8 9486 7077 
  Nedlands, WA, 6009, Australia       dmartin@gresham.com.au 
  Tel: +61 8 9386 4086 
 Westhouse Securities Limited        John Gardner / Rupert Dearden 
  (UK Broker & Nominated Adviser)     MAGNUS Investor Relations. Corporate 
  Martin Davison / Hugo Rubinstein    Communication. (Australian Media) 
  Tel: +44 20 7601 6100               Tel: +61 8 6160 4900 
                                      bullabulling@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 344 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(3) of 3.75 million ounces comprising Indicated Resources of 72.4 million tonnes at 0.98 g/t gold (2.28 million ounces) and Inferred Resources of 41.6 million tonnes at 1.11 g/t gold (1.47 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, scheduled for completion in Q1 2015.

This information is provided by RNS

The company news service from the London Stock Exchange

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