Bulong
Asset Summary
| Asset | Bulong |
|---|---|
| Interest | 1.0% Gross Sales Royalty |
| Commodity | Gold |
| Location | Australia |
| Stage | Producing |
| Counterparty | Black Cat Syndicate Limited |
| Additional Notes | Royalty covers the Myhree, Boundary, Queen Margaret, Melbourne United and Strathfield deposits as well as the up-dip portion of the Trump deposit |
Asset Highlights
- Bulong is located within 50 km trucking distance of five regional gold mills.
- Provides exposure to an ongoing feasibility study which is assessing Myhree as a baseload producer with potential satellite mines at Queen Margaret, Melbourne United, Strathfield, Trump, Trump North and Boundary.
- The Feasibility Study is targeted for completion in the September 2020 quarter with most technical studies complete (environmental, geotechnical, hydrological, hydrogeological, and metallurgical).
- Further exploration upside with all resources open at depth with good potential to also increase resources through extensional drilling, according to Black Cat.
- Since acquiring the project in 2018, Black Cat has drilled over 80,000m at Bulong.
- Further information can be found at this website: https://irp.cdn-website.com/f6695bc1/files/uploaded/June+30-+2020.pdf
