Geko Royalty

Bulletin retains a royalty, profit share interest and joint venture interest in the Geko gold project

Bulletin’s royalty entitlement is:

  • 10% of the first 25,000 oz Au produced;
  • 4% of the next 60,039 oz Au produced; and
  • 2% of all production over and above 85,039 oz Au

The above royalty is reduced by a capped amount of $3.25M at a rate of 3.33% per ounce. Bulletin also retains a 30% profit share after an initial $9 million threshold has been achieved by the mine and a 30% joint venture on the remainder of the mining tenement at Geko.

Habrok acquired the Geko Gold project from Coolgardie Minerals Limited (Receivers and Managers Appointed) (Administrators Appointed) in February 2020 with mining recommencing in late March 2020.

 

Bulletin Resources Projects

Project

Lake Rebecca Gold Project

Bulletin’s Lake Rebecca Project is 150km east of Kalgoorlie and immediately along strike of a >1 million ounce gold deposit.

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Ravensthorpe Lithium Project

Bulletin’s Ravensthorpe project overlies the Annabelle volcanic sequence and pegmatites which also host the Mt Cattlin Lithium mine and processing plant, 12km to the east.

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Project

Chifley Gold Project

The Chifley project is a 79km2 tenement that is prospective for gold. It is ~50km to the south of Lake Rebecca and on a northwest trending splay of the Claypan Fault.

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Duketon North

Duketon North is prospective for gold and nickel. It is located 30kms north of the Moolart Well 3Mtpa gold mill and 30kms south of the Olympia nickel deposit. Targets in the area include gold in soil anomalies and coincident magnetic highs and EM targets.

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Project

Geko Royalty

Bulletin retains a royalty, profit share interest and joint venture interest in the Geko gold project, Coolgardie.

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