Announcements
Quarterly Activities Report - March 2008
To view the study results (17 April 2008) click on the article below.
Geophysics Survey Results (1 April 2008)
Half yearly Report 31 December 2007.
Leading Consulting Groups Signed for Norseman Scoping Study
You can read the release from Escrow by downloading the PDF below.
The corresponding PDF outlines Norseman Gold Project Resource Updates.
Highlights - December Quarter
- Increase of 40% to JORC resources at Norseman Gold Projectt
- Total resource now 64% Indicated from Inferred resource category
- Significant drilling intersections at Norseman Gold Project
- Placement of $2.5 million made duing quarter
Road Map - March Quarter
- Update resource calculation for Norseman gold project
- Complete Norseman scoping study
- Major Geophysical initiative for Norseman gold project
- Geophysical survey for Clinker Hill nickel project
More Information
The corresponding PDF outlines exploration updates.
Norseman Resource Totals 1.4 Million Ounces.
- Selene Indicated and Inferred Resource increased by up to 53% to 720,000oz gold using a 1.0g/t cut-off (up from 470,000 oz).
- Includes Indicated Resource of 11.3 Mt at 1.6g/t for 580,000oz upgraded from Inferred level.
- Total Norseman Project Indicated and Inferred Resources to date of 25.8Mt at 1.7g/t for a total of 1.4 Million ounces of gold.
The corresponding PDF outlines the amended change of Director's (Michael Atkins) Interest in relation to securities.
Secondary Trading Notice Pursuant to section 708A(5)(e) of the Corporations Act 2001.
Kalgoorlie-Boulder Resources Ltd ('Company') gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth)('Act').
The Company raised $2,500,000 through a placement to sophisticated investors of 13,888,889 shares.
The Company advises that the Shares were issued without discloser to investors under Part 6D.2 of the Act. The Company, as at the date of this notice has complied with:
(a) the provisions of Chapter 2M of the Act as they apply to the Company; and
(b) section 674 of the Act.
As at the date of this notice there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.
Yours sincerely,
Andrew Chapman
Company Secretary
Following the Company's Annual General Meeting on 28 November 2007 the Company wishes to advise that Mr David Prentice has retired as a director of the Company with effect from that date.
The Board would like ot thank David for his services over the past three year.
Mr Trevor Matthews has become a non-executive director and Mr Stanley Lewis has assumed an executive director's role on the Board.
Please be advised that all resolutions considered at the Annual General Meeting of Kalgoorlie-Boulder Resources Limited on 28 November 2007 commencing at 11.00am WST were passed by the requisite majority on a show of hands.
- Significant intersections reported from infill drilling at Selene gold deposit
- New JORC resource anticipated for Selene by end 2007
Kalgoorlie-Boulder Resources Ltd (KAL:ASX) is pleased to announce further significant drilling results from the latest drilling campaign from the Selene Deposit at its 100% owned Norseman Gold Project.
Some of the most significant intersections are detailed below:
| 7SELC023 from 37 metres |
| 7SELC028 from 70 metres |
| 7SELC029 from 60 metres |
| 7SELC030 from 20 metres (composite sample) |
| 7SELC030 from 33 metres |
| 7SELC068 from 32 metres |
A table containing all significant intersections greater than 1.0 g/t is included at the end of this release.
These results do not form part of the upgraded resources estimate for the Norseman Gold Project that was announced on 6 November 2007.
A total of 1,205 metres of Reverse Circulation drilling was completed at Selene as part of a 5,000 metre drilling campaign at the Norseman Gold Project.
This was a Resource Development infill drilling program targeting the Northern and Southern fringes of the ore body. It is expected that infilling of these areas will lead to an improved geologicial model with a higher level of confidence as well as provide ore samples for metallurgical and density test work required to complete an ongoing scoping study into potential development scenarios for the Norseman Gold Project.
The scoping study, which will determine the possible parameters of future mining operations at Norseman, is due to be complete in the March quarter of 2008. The Company then expects to process straight to formal feasibility studies for the Project.
The Northern and Southern fringes of the Selene Deposit appear to be reasonably well defined but the better mineralisation in the central area remains open at depth and may provide opportunities for further extensions to the resource.
The Inferred Mineral Resource at Selene currently standa at 9.6MT @ 1.5 gm/t for the 470,000 ounces. Work is currently processing on the new upgraded resource model for Selene incorporating the results from the most recent drilling program, expected to be release in mid December.
Chairman Michael Atkins said: "We are very pleased with the latest results and I am looking forward to the release of a revised JORC compliant, indicated and inferred resource for the Norseman project."
The recent drilling program at Selene and Mt Henry deposits is the second in a series of campaigns designed to extend the mineralisation and grow the resource base at Norseman. The Company believes its extensive Norseman holdings have the potential to host in excess of two million ounces of gold.
The previously reported resource statioement for the Norseman Gold Project using a 1.0 gram per tonne cutoff is as follows:
Prospect | Classification | Tonnes (Mt) | Gold Grade | (koz) |
| | | |||
Mt Henry | Indicated | 5.0 | 2.0 | 310 |
| | | |||
Mt Henry | Inferred | 5.6 | 1.8 | 320 |
Selene | Inferred | 9.6 | 1.5 | 470 |
Nth Scotia | Inferred | 0.3 | 3.4 | 36 |
Abbottshall | Inferred | 0.5 | 2.0 | 30 |
Total | 21.1 | 1.7 | 1.2 Moz |
A new JORC Mineral Resource for the Norseman Gold Project, including updated resources for both Mt Henry and Selene, is due by the end of 2007.
The Company also expects to commence detailed V-TEM geophysical surveying on its tenements in the first quarter of 2008.
For and on behalf of the directors of
Kalgorlie-Boulder Resources Ltd
Michael Atkins
Chairman
Kalgoorlie-Boulder Resources Lrd (KAL:ASK) is pleased to announce it has raised $2.5 million to fund ongoing exploration at its flagship Norseman Gold Project by way of a placement to sophisticated investors.
The placement was arranged by Patersons Securities as lead manager and successfully led to the placement of 13,888,889 million new KAL shares at a price of 18c per share.
The shares were placed with clients of Patersons across Australia in Perth, Melbourne and Sydney. The placement has introduced a significant number of new investors to the Company.
Funds raised will be used to undertake further exploration and resource drilling, as well as other activities required for the preparation of a prefeasibility study which is scheduled to commence in March 2008.
The work required for the prefeasibility study includes some diamond drilling to provide data for geotechnical studies and metallurgical and process test work. A scoping study, already underway, will be used to determine and further drilling required to elevate the current resources where required.
Since announcing its most recent resource upgrade, the Company has released additional significant drill results from the Mt Henry and Selene deposits which are expected to result in a further upgrade of project resources by the end of 2007.
The Company also intends to commit funds to a new type of geophysical exploration program which it believes will be successful in identifying further exploration targets in addition to the current list of nine target known areas. The geophysics budget also includes funds for initial EM work to be carried out at the Clinker Hill nickel project.
As the placement is now complete, the Company requests that the voluntary suspension on its securities be lifted.
For and on behalf of the directors of
Kalgoorlie-Boulder Resources Ltd.
Michael Atkins
Chairman.
Dear Shareholder,
As you have been previously informed, on Wednesday 28 November 2007 we will hold our first Annual General Meeting under the new and dynamic team now managing Kalgoorlie-Boulder Resources Limited.
We are encouraged by invigorated public recognition of our company, and aim to demonstrate our commitment to implementing a new approach not just to the operations and management of KAL, but in the Company’s relationship with you, our shareholders and the investing public.
We are seeking to make the Annual General Meeting as informative as possible because we believe a continuous information flow to you is an essential part of doing business. A part of this is our new website, which you can visit at http://www.kalgoorlieboulderres.com.au . The website is a work in progress and will be continually upgraded on a regular basis.
Following the ordinary business described in the Notice of Meeting, our Operations Manager Mark Sampson will deliver a detailed power point presentation which we hope will give you greater insight into our operations and future direction. As your Chairman, I will also share with your our vision and our expectations for the coming year. I am also pleased to advise that Mr Stanley Lewis, one of our US based directors and a director of RASL Au LLC (a 31% shareholder in KAL) will be attending the Annual General Meeting and will be available to meet with shareholders after the meeting. Of course, we expect to hear and to answer questions at the AGM and we look forward to that opportunity for a close dialogue with you all.
Even if you are unable to attend the meeting in person, we would still like to receive and answer any questions you may have. Please write your questions where indicated below and mail them to me at the company in the enclosed pre-paid envelope. Please mail the envelope before close of business on Wednesday 21 November.
You may also email them to us at: karen.ridley@kbrl.com.au
Within the constraints of the listing rules we aim to address all questions.
Yours faithfully,
Michael Atkins
Chairman
Kalgoorlie-Boulder Resources Limited ("The company") is pleased to announce significant drillhole results from the latest Resource Definition Drilling campaign at its 100% owned Mt Henry Prospect at the Norseman Gold Project.
Some of the more significant intersections are detailed below:
- 11m @ 6.69gm/t from surface (includes 3m @ 19gm/t)
- 10m @ 5.60gm/t from 62 metres
- 11m @ 2.59 gm/t from 14 metres
- 9m @ 3.71 gm/t from 45 metres
- 9m @ 2.92 gm/t from 12 metres
- 14m @ 2.10 gm/t from 66 metres
- 6m @ 2.71 gm/t from 43 metres
A table containing all significant intersections from the Mount Henry program is included in the attached PDF.
These drilling results do not form part of the recently announced (November 7th) Mount Henry Mineral Resource.
SIGNIFICANT INCREASE IN GOLD RESOURCES AT NORSEMAN
- Mt Henry Indicated and Inferred resource increased 36% to 630,000oz
- 310,000oz of Mt Henry resource upgraded to Indicated Resource category for first time.
-
- Total Norseman Project indicated and inferred resource increased by 20% to 1.2 Moz,
- Additional drilling results from Mt Henry anticipated in two weeks
Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce a significant increase in the total mineral resource base for its 100%-owned Norseman Gold Project.
A resource upgrade at Mt Henry has resulted in a total JORC compliant Indicated and Inferred Resource totalling 10.6 Mt grading 1.9 grams per tonne for 630,000 ounces of gold, as set out below. This includes for the first time a JORC compliant Indicated Resource of 5.0 Mt at 2.0 g/t for 310,000 ounces. This combined Indicated and Inferred Resource represents an increase of 168,000 ounces or 36% on the previously published JORC Inferred Resource at Mt Henry.
Pleasingly, both the grade and tonnage have increased in the latest estimate and 310,000 ounces have moved from Inferred to Indicated Resource category.
The resource upgrade at Mt Henry has increased the total indicated and inferred mineral resource estimate for the entire Norseman Gold Project by 20 %, using a 1.0 g/t cut-off, to 21 million tonnes at 1.7 g/t Au for 1.2 million ounces of gold.
CHANGE OF COMPANY SECRETARY, REGISTERED OFFICE AND PRINCIPAL PLACE OF BUSINESS
The Board of Directors of Kalgoorlie-Boulder Resources Ltd is pleased to announce that Mr Andrew Chapman has been appointed as Company Secretary replacing Mr John Coles.
Please be advised that the registered office and principal place of business of Kalgoorlie-Boulder Resources Ltd has changed to Suite 1, Vosper House, 31-33 Duggan Street, Kalgoorlie, Western Australia 6430.
For further information, please contact:
Andrew Chapman
Company Secretary
Kalgoorlie-Boulder Resources Limited
Telephone (08) 9021 7200
Highlights - September Quarter
- Encouraging drilling results at Norseman Gold Project
- Confirmation of the nickel sulphide potential at Clinker Hill
- Completion of uranium asset sale
- Burey Gold shareholding had a market value of $420,000 at 30 September 2007
- Jackpot mine production of 3,700 ounces of gold
Road Map - December Quarter
- Complete 5,000 metre drilling program at Norseman
- Update resource calculation for Norseman
- Complete Norseman scoping study
- Test nickel anomalies at Clinker Hill
More Information
Please find attached a Form 603 on behalf of RASL AU LLC which due to an administrative oversight was not filed by the Corporations Act. We note that the issue of shares in the Company to RASL AU LLC was approved by Shareholders at a Shareholder's meeting of 6 March 2007 and an Appendix 3X was filed in relation to Messrs Alter and Lewis on 16 March 2007.
Yours faithfully,
Stanley Lewis
Kalgoorlie-Boulder Resources Limited (the "Company") today announced that it had commenced the next phase of drilling at its 100%-owned Norseman Gold Project in the prolific Norseman - Wyluna Greenstone belt of the Eastern Goldfields in Western Australia.
The 5,000 metre drilling programme will target extensions of the existing inferred resources already delineated at Mt Henry and Selene as well as three highly prospective areas within the Norseman project area at Break O Day, Telegraph and Everlasting.
The current drilling programme is part of the 2007 drilling programme that is aiming to upgrade and increase the significant JORC mineral resources at Norseman. This work forms an integral component of the Company’s ongoing scoping study into the development of the project.
The latest drilling programme at Norseman will be structured as follows:
- 1,500 metres at Mt Henry – resource definition drilling;
- 1,500 metres at Selene – resource definition drilling;
- 650 metres at Telegraph – exploration;
- 650 metres at Break O Day – exploration; and
- 650 metres at Everlasting – exploration.
The Company recently completed an initial 1,578 metre RC drilling programme at its North Scotia, Selene and Mt Henry deposits at Norseman. The data acquired from this drilling programme is now being modelled as part of the Company’s latest JORC resource calculations at the Mt Henry deposit and has allowed further drill hole planning for the Selene.
The Company expects to be in a position to report the results of its updated resource calculations shortly. The Company also expects to report the first drilling results from this latest drilling programme in early November.
Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce the completion of the milling of stockpiled ore from its Jackpot mine and the completion of the sale of its uranium and related assets to Burey Gold Limited ("Burey Gold").
Chairman Michael Atkins said that the completion of milling of ore from the Jackpot mine and the receipt of the Burey Gold shares boosted the Company's financial position at an exciting time in its history.
"The Burey Gold shares received today plus the cash receipts expected shortly from the final milling of Jackpot mine ore will significantly strengthen our financial position," Mr Atkins said.
"A total of 3,700 oz of gold has been produced from the stockpiled ore from Jackpot, and the cash flow generated from this gold sale will provide further funds to bolster our exploration and development efforts at Norseman and progress our exploration efforts at our promising Clinker Hill nickel project."
"This is an exciting time for us and the increased financial flexibility now enjoyed by the Company puts us in a strong position to create value for our shareholders."
Completion of the uranium asset sale transaction occurred today with the issue of 2 million Burey Gold shares to the Company. The Burey Gold shares received are not subject to any restrictions on transfer.
The total consideration payable by Burey Gold was $1.75 million in cash and 2 million Burey Gold shares. The Company received the cash payment from Burey Gold in June.
Mining at the Jackpot mine was completed in July and milling completed in September. 43,866 dry tonnes of ore from the Jackpot mine was milled at an average grade of 2.83g/t for a recovery of approximately 92% and total production of 3,700 oz of gold.
Dear Sir
SETTLEMENT OF MINERAL INTERESTS ACQUISITION COMPLETED
Burey Gold Limited refers to its previous announcements in relation to the acquisition of uranium prospective mineral properties from ASX listed Kalgoorlie-Boulder Resources Limited.
The Company has completed the issue of 2,500,000 shares under the terms of the agreement with Kalgoorlie-Boulder Resources Limited. The Company has also completed the issue of 3,394,500 options (BYRO class) to subscribers who participated in a share placement in June 2007. At that time the Company did not have the capacity, under ASX listing rules, to issue the free attaching options on a one for two basis. Shareholder approval for these securities issues was provided at a meeting on 13 August 2007.
Total securities now on issue are as follows:
Ordinary shares 54,569,003
Options (BYRO class) 25,904,496
Other options (unquoted) 6,500,000
Yours faithfully
Susmit Shah
Company Secretary
Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce that the Company has commenced a geochemistry sampling program at its Clinker Hill Nickel Project.
This program will further test the extent of the nickel anomalism in the northern and south western section of the Clinker Hill Project area. The previous soil sampling program at Clinker Hill in the last quarter showed a significant 700ppm nickel anomaly that measures 900 metres by 100 metres in a possibly favourable embayment in the basal contact. That program has also identified a 400ppm nickel anomaly which extends 5 kilometres along the basal contact. Both anomalies are coincident with copper, PGEs (platinum group elements) and cobalt. The Company considers these results to be highly significant as they demonstrate the strong potential for nickel sulphide mineralisation at Clinker Hill.
This program is expected to lead to a program of Ground based EM surveys to identify conductive sulphide bodies which will assist with identifying future drilling targets.
Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce that the milling of stockpiled ore from the Jackpot Mine has now commenced.
Milling of the Jackpot ore is expected to be completed in the first week of September and is forecast to yield additional cash to supplement the cash received from the Burey Gold agreement in June 2007.
The Company has completed the current mining campaign at Jackpot.
Now that initial open pit mining at Jackpot has been completed, the Company is in a position to properly evaluate the deep higher grade inferred mineralisation at the Jackpot Gold Project for a possible larger scale open pit or underground operation. During the mining of the "goodbye cut", a visual inspection of the walls and floor of the mine identified the presence of shears which appear to be highly mineralised. The Company will now carry out additional exploration and mining studies to determine whether further mining operations are possible.
Highlights
- Continued exploration and development of the 1.23 Moz Norseman Gold Project
- Strengthened balance sheet following receipt of $1.795 million from sale of uranium assets and Siberia Project
- Positive initial drilling results from Norseman Gold Project
- Mining completed at Jackpot Gold Mine
- Nickel sulphide potential confirmed at Clinker Hill Nickel Project
More information
Further to its announcement of 12 July 2007, Kalgoorlie-Boulder Resources Limited (the “Company”) is pleased to provide additional information in relation to the recent drilling results at its 100%-owned Norseman Gold project.
Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce extremely positive results from a recently completed soil sampling program at its Clinker Hill nickel project in the Kambalda nickel province.
The results show a significant 700ppm nickel anomaly that measures 900 metres by 100 metres in a possibly favourable embayment in the basal contact.
The program has also identified a 400ppm nickel anomaly which extends 5 kilometres along the basal contact. Both anomalies are coincident with copper, PGE's (platinum group elements) and cobalt.
The company considers these results to be highly significant as they demonstrate the strong potential for nickel sulphide mineralisation at Clinker Hill.
The Clinker Hill Project is located in a favourable geological setting on the western margin of the Bulong Ultramafic complex. The historic gold mining centre of Bulong is to the north of the project, the Blair nickel mine is 10 kilometres to the west and the Carnilya Hill nickel mine is 20 kilometres to the south.
A map of the location of the Clinker Hill Project is attached.
Previous mapping at the Clinker Hill Project has shown that there is a 7 kilometre strike length of relatively under-explored basal contact zone between the west facing Bulong Ultramafic Complex and a fractionated ultramafic/gabbro sill.
It is postulated that the basal contact may be the location for magmatic Ni-Cu-PGE sulphides deposited by the overlying magma in the sill or magma that passed through the sill chamber. As has been found at Kambalda, nickel sulphides can form in situ by the reaction between the magma and sulphide bearing wall rocks.
The purpose of the sampling program was to test the basal contact zone and other areas at Clinker Hill for coincident nickel, PGE, copper and cobalt enrichment that can indicate magmatic nickel sulphide mineralisation.
Rock chip samples were taken from two gossans along the basal contact zone. The assays from these samples proved strongly anomalous in Ni, Cu, PGE, Ag and Au.
Previous drilling at Clinker Hill by Seltrust Mining in the 1970’s returned the following results:
- PDH-31 7.6 metres @ 0.2% Ni (including 3m @ 0.37% Ni and 0.018% Cu)
- PDH-32 1.5 metres @ 0.47% Ni and 0.18% Cu
- PDH-38 18 metres @ 0.27% Ni (including 6.1m @ 0.56% Ni)
A map of the location of the latest gossan sampling and the previous drilling is also attached.
Exploration at Clinker Hill is being directed by Dr Martin Gole, a consultant to the Company who has more than 30 years nickel exploration experience.
Over the coming months, further soil sampling will be undertaken in areas where the anomalies are open. In addition, a follow up electro-magnetic survey will be conducted at Clinker Hill to assist the identification of zones of massive sulphides that can then be drill tested.
Kalgoorlie-Boulder Resources Ltd (the “Company”) today announced that it had received extremely encouraging results from the initial drilling program at its 100%-owned Norseman Gold project.
The results extend the continuity of gold mineralisation 150 metres along strike at the North Scotia deposit and in-fill the existing inferred resources at Mt Henry and Selene.
Highlights
- Receives $1.75 million cash from sale of uranium assets
- Agrees to sale of Siberia Project to Halcyon Group
- Significant cash realised to fund exploration of the Norseman Gold Project
Kalgoorlie-Boulder Resources Limited (the "Company") is pleased to announce the receipt of $1.75 million cash pursuant to the sale of its uranium and related assets to Burey Gold Limited ("Burey Gold").
The sale also involves the receipt of 2 million freely tradeable Burey Gold shares. These shares are expected to be received in the near future, subject to any necessary consents and approvals.
The Company has also agreed the sale of its 100% owned Siberia Project to Halcyon Group Limited ("Halcyon") for $45,000 plus a royalty.
The sale of the Company's uranium assets and the Siberia Project represent important components of the Company's new strategic focus on its 1.23 million ounce Norseman Gold Project.
The agreements deliver $1.795 million in cash for the Company to bolster its cash reserves. These funds, and the expected cash flow from the final milling of ore from the Jackpot Mine, position the Company strongly for the aggressive exploration drilling programme now underway at the Norseman Gold Project.
The Siberia Project covers tenements M24/646, 802, 807, 808, 839 and 863 and P24/3506 and 3507. The Siberia Project sale agreement provides for Halcyon to pay the Company $45,000 (plus GST) and for Halcyon to pay a royalty of $1 per tonne of gold bearing ore mined and treated as well as a 1% net smelter royalty on all nickel and base metals produced from the Siberia Project tenements.
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