BNR - Bulletin Resources

[bk1]

ARN awaiting results from an RC campaign for pegmatites at Niobe. All 15 drill holes intersected pegmatites.
Niobe is a tiny stake surrounded on all sides by BNR, they hold a large area of prospective ground.
Trending today..

 

[bk1]

BNR reporting high grade Lithium (spodumene) samples from rock chips at Ravensthorpe.
Its only rock chips, so will await a proper assay result. Over 4 km of strike containing pegmatites to be explored....

 

[frugal.rock]

Have noticed this stock before from price movements, but never really looked at it... silly me.

As a forum, I think this one might deserve a bit more attention?

It's only by a spodumene announcement heading and today's move I base that judgement on...can't seem to open announcements ATM?
Over 160%+ in 3 months... lithium, what can go wrong?
??

 

[tookie]

Just here for the forum competition... but in In my opinion - this is the most promising junior spodumeme lithium Explorer's out there... Only problem is timeframe on drilling supposedly... but if patient I see everyone being well rewarded. Should have bought more!

 

[frugal.rock]

The market appears to have missed this one?. A delayed reaction may occur, or not. ?


19 October 2022 ASX RELEASE

Over 50 New Pegmatite Targets Identified - Amended

Ravensthorpe Lithium Project

Highlights

 Over 50 new pegmatite targets have been identified by Light Detection and Ranging (LIDAR) and high-resolution aerial imagery

 LIDAR has been successfully used within the region by other explorers and producers as a key exploration tool for the discovery of pegmatites

 The survey demonstrates a high likelihood of discovering additional previously unknown pegmatite outcrops along the Eastern Pegmatite Trend

 Significant additional targets along the Western Pegmatite Trend also outlined

 Potential for discovery of a third pegmatite trend has been identified

 Bulletin remains well funded with $9.97M in cash, receivables and liquid investments

 

[frugal.rock]

11 January 2023 ASX RELEASE

New High-Grade Spodumene Pegmatite Identified Ravensthorpe Lithium Project

Highlights

• A newly discovered spodumene bearing pegmatite in the southern part of the Ravensthorpe tenement now grows the Western Pegmatite Trend to 3km in length. This new discovery is a result of recent LIDAR survey targeting

• Mapping south along the Western Pegmatite Trend identifies a newly discovered high-grade spodumene lithium bearing pegmatite with new rock chip assays of:

4.81% Li2O
4.67% Li2O
4.31% Li2O
3.54% Li2O

• These new results significantly increase the prospectivity of the southern extent of the Western Pegmatite Trend

• Mapping of other target areas identified from LIDAR and high
resolution imagery continues

• Spring environmental survey reports were submitted in early December to DMIRS in support of drilling approvals. Bulletin now awaits approval processes to permit commencement of drilling

• Bulletin remains well funded with over $12M in cash, receivables and liquid investments

 

[Dona Ferentes]

Probably a bit early for BNR to have a meaningful run, as

• Quarterly not out yet
• Permits not yet finalised
• Any numbers are from rock chips

But it's lithium, and they have cash. My tip for Feb comp

 

[Dona Ferentes]

Probably a bit early for BNR to have a meaningful run, ....But it's lithium, and they have cash. My tip for Feb comp

Quarterly

Ravensthorpe Lithium Project
• During the quarter detailed mapping, sampling, interpretation and environmental works were completed with this work to be ongoing. These works have substantially improved the knowledge of the prospect.
• Spring environmental and heritage survey reports in support of drilling applications have been completed and lodged with DMIRS. The reports confirm that the proposed exploration and drilling works will not materially affect flora and fauna within the prospect.
• Over 50 new pegmatite targets have been identified from a LIDAR survey and interpretation of high-resolution aerial imagery
• A newly discovered spodumene bearing pegmatite has extended the Western Pegmatite Trend to 3km in length with high grade rock chip assays...
Geko Gold Project
• Bulletin’s rights and interests in the Geko gold mine were sold for $3.41M (incl. GST) with consideration received on 16th December 2022
• Bulletin’s net proceeds from its interest in the Geko gold mine from an initial investment of $250,000 totalled $5.66M, representing a 2,264% return on investment
Corporate
• Cash, investments and receivables totalling $12.5M are on hand at the end of the quarter

..plus they have a Mt Clare Rare Earths prospect, in the Gascoyne. Again, early days, just out there kicking over rocks.

 

[frugal.rock]

I had this slated for a breakout quite some time ago, along with INF, Infinity.
Looked promising at the time and had a double attempt, but failed.
The prevailing market conditions were heading down sweeping most with it.
Friday's effort looks interesting being the best day in around 2 months. Will be interesting to see if @Dona Ferentes competition pick can continue a run, especially with the market tide turning yet again.

 

[Dona Ferentes]

I had this slated for a breakout quite some time ago, along with INF, Infinity.
Looked promising at the time and had a double attempt, but failed.
The prevailing market conditions were heading down sweeping most with it.
Friday's effort looks interesting being the best day in around 2 months.

First the ASX query (Monday?). They have cash in the bank. So it's down to strength in announcements

 

[frugal.rock]

First the ASX query (Monday?). They have cash in the bank. So it's down to strength in announcements

I think if a query was triggered it would have been announced/ responded to already with a pause or halt or we know nothing response late Friday.

I've seen bigger intraday moves, with more volume, that closed with bigger moves, from dodgy companies, and not a peep from the ASX.
I don't consider Bulletin to be in the dodgy category.

 

[Dona Ferentes]

At the RIU explorers conference yesterday, BNR made their presentation. Some 14 of the 19 pages were on the Ravensthorpe lithium project. Not that the market was set alight, with only 40k going through at $0.115 in the afternoon .

Big Pegmatite - A concentrated, stacked swarm of spodumene bearing pegmatites
Best Grades up to 7.04% Li2O

Big Pegmatite is a ~500m x 700m
concentrated pegmatite swarm ~40 stacked pegmatites:
• Mineralised pegmatites with very
coarse grained Spodumene
• Up to 200m wide, may extend
further under cover
• Up to 10m thickness, may pinch and
swell down-dip
• Dip gently (10 - 30°) to the west and
southwest
• Open to west and southwest

Very pretty pictures of swarms of dykes, and reference to high LiO2 percentages (but only from chip samples). Awaiting drilling approvals.

Lepidolite gets a mention as being present.

Lepidolite is a lilac-gray or rose-colored member of the mica group of minerals with chemical formula K(Li,Al) 3(Al,Si,Rb) 4O 10(F,OH) 2. It is the most abundant lithium-bearing mineral and is a secondary source of this metal. It is the major source of the alkali metal rubidium.

And for the less geochemically inclined: People also ask

What is lepidolite good for?
Lepidolite is sometimes called the "peace stone" or "grandmother stone" because it is thought to have nurturing and calming properties. Within the metaphysical realm, lepidolite aids in overcoming emotional or mental dependency and helps treat addictions and all kinds conditions, including anorexia.

 

[frugal.rock]

Have noticed that BNR had $8.4 million available at last quarter end, being 14.25 quarters of funding.
Not bad for a lithium hopeful with a MC of ~$17.6 million.
Whaddya reckon @barney ?

Trying to reject 52 week lows.

 

[barney]

Yeah I did ok out of BNR @frugal.rock a few years back when I sniffed out their takeover by Pantoro

Paul Poli is a tough operator and I would definitely have him on my team if I were playing "team-poker" at the local club

How serious the boys are about taking a resource to production, I'm not sure ... but,

Given the decrease in SP as you say, .... there is every chance Paul and the boys will pull another rabbit out of the hat,

So the current SP looks a little overdone. Patience may be required if one takes a position, but, as I have sometimes said,

When buying Specs ... there is no better time/lower risk, than buying the last Low ...

Cheers M8.

 

[frugal.rock]

11 July 2023 ASX RELEASE

First Two Dalgaranga Tenements Granted at the Mt Farmer Project

Highlights

• Bulletin’s Mt Farmer Project now has two out of three tenements granted with 44km2 granted out of total project area of 103km2

• Mt Farmer surrounds Aldoro Resources Ltd’s resource of 4.6Mt @ 0.17% Rb2O and 0.07% Li2O Niobe Rubidium-Lithium Project

• Bulletin’s Mt Farmer project is also adjacent to Krakatoa Resources Ltd’s King Tamba Project, which hosts 5Mt @ 0.14% Rb2O and with recently released lithium bearing rock chips assays up to 4.3% Li2O, 1.7% Rb2O and 0.5% Cs2O at their Wilsons
prospect

• Bulletin Resources is the largest tenement holder in the area focussing on Rubidium and Lithium

• Bulletin is well funded and looks forward to commencing on ground exploration works

 

[frugal.rock]

Price has broken up out of flag.
No announcements since 11/7/23
Not held. Weak hands and all that.

 

[frugal.rock]

Have been watching recent price action in a bemused state.
Then today,

"Request for Trading Halt Bulletin Resources Limited (“the Company”) hereby requests a trading halt in its securities with immediate effect in accordance with Listing Rule 17.1 pending an announcement in relation to an update on its Ravensthorpe Lithium Project."

Will be interesting to see what happens on Wednesday.
Make or break for holders I guess.

 

[Dona Ferentes]

Over 160%+ in 3 months... lithium, what can go wrong?
??

not much ... get a permission through, and up 26 per cent .. to 10c.
.
Highlights
• The Environmental Protection Authority has decided it is not necessary for the EPA to assess the environmental impacts of
Bulletin’s Ravensthorpe Lithium Project
• The EPA has paved the way for DMIRS to process the Native Vegetation Clearing Permit at Bulletin’s Ravensthorpe Lithium Project
• The decision means that the EPA have now completed their investigation and review of the drilling application. There is no appeal process for this EPA decision
• EPA determined the likely effect on the environment is not so significant to warrant its assessment
• Bulletin will now resume the clearing permit application process with DMIRS and looks forward to receiving such approval with drilling targeted to commence as soon as possible thereafter

 

[Dona Ferentes]

bit of a plaything, of late.

 

[frugal.rock]

A nice shake out of loose hands there today.
Was waiting for the supply to appear for a balance out.
Onwards and upwards again?