- Breaker Resources (BRB) has updated the mineral resource estimate for its Lake Roe Project in WA, bumping up the contained ounces of gold to 1.37 million
- The new resource encompasses a revised estimate for the Bombora open pit as well as maiden estimates for Bombora underground, Crescent-Kopai and Claypan
- Executive Chairman Tom Sanders said the updated resource confirms district-scale growth potential over nine kilometres in a tier-one location
- Breaker will pursue further resource expansions for the project 100 kilometres east of Kalgoorlie, to build critical mass for a major development
- Shares have gained 2.3 per cent and been trading at 22 cents
Breaker Resources (BRB) has increased its gold resource at the Lake Roe Project — 100 kilometres east of Kalgoorlie in WA — by 40 per cent.
The updated resource stands at 27.9 million tonnes at an average grade of 1.5g/t gold for 1.37 million contained ounces. This encompasses a revised estimate for the Bombora open pit as well as maiden estimates for Bombora underground, Crescent-Kopai and Claypan.
Executive Chairman Tom Sanders said the new resource confirms district-scale growth potential at Lake Roe, in a tier-one location.
“These factors alone make it a rare and highly desirable asset in an industry facing declining resources, particularly in tier-one locations.”
“We still have a lot of drill samples in the laboratory awaiting assay and we are continuing to drill with the aim of continuing to grow the inventory. The bigger the inventory, the more development options we have.”
The Bombora deposit, both underground and open-pit, provides for the vast majority of contained ounces at Lake Roe, with Crescent-Kopai and Claypan accounting for 86,000 and 67,000 ounces, respectively.
“The maiden underground Resource at Bombora confirms the high-grade potential below the open pit Resource. High-grade gold is a feature of the Bombora deposit and this creates the flexibility to vary the potential mining approach in response to future mining studies and drill results,” Tom said.
“The maiden Resources at Crescent-Kopai and Claypan highlight the shallow potential away from the main Bombora deposit, and drilling is preliminary.”
“Looking ahead, my expectation is continued growth and regular resource updates,” he added.
Shares have gained 2.3 per cent and been trading at 22 cents at 1:19 pm AEST.