The Australian mineral exploration company Bulletin Resources Ltd. is mainly engaged in gold exploration on the Australian continent. The Company also hopes to discover economically relevant mineralization in the area of its Ravensthorpe lithium project. This now seems to have come true.
After Bulletin Resources released evaluations of rock samples recently taken from the Ravensthorpe terrain at the end of the past few weeks, the company’s stock skyrocketed, allowing Bulletin Resources to end the day up 56 percent.
The Company’s shares are listed, for example, on the stock exchanges in Frankfurt, Stuttgart and Hamburg, as well as on the LS Exchange and at the Lang & Schwarz trade center in Düsseldorf.
The gold projects
Bulletin Resources Limited has focused its activities primarily on gold exploration in Western Australia. The Company’s main project is the Lake Rebecca gold project.
The project area, located approximately 150 kilometers northeast of the Western Australian town of Kalgoorlie-Boulder, covers 608 square kilometers with 7 exploration licenses already granted and one pending.
The Bulletin Gold Project is directly adjacent to Australian explorer Apollo Consolidated Limited’s Rebecca Gold Project, which holds an estimated resource of 1 million ounces. Bulletin Resources anticipates further economically very rewarding gold mineralization around Lake Rebecca.
The Chifley project is located approximately 50 kilometers south of Lake Rebecca and is one of the Company’s other gold projects along with the Geko Royality and Dunketon North projects.
The Ravensthorpe Lithium Project
Ravensthorpe is among Bulletin Resources’ new projects. In the 57 square kilometer project area, the exploration company suspects high mineral deposits, including lithium, in several pegmatite outcrops and has only recently begun taking initial soil samples of the coarse-grained rock.
Initial evaluations now show that the pegmatite samples have exceptionally high lithium content, with values ranging from 3.83 percent to 8.21 percent.
These are very high percentages in themselves. In addition, rock samples have only been collected from the ground surface to date. It can therefore be assumed that the lithium content in deeper rock strata is likely to be much higher.
The release of the evaluations sent investors into a near frenzy, with Bulletin Resources’ stock subsequently shooting through the roof to post a 56 percent daily gain.
Gold and lithium exploration in Australia on expansion course
Gold and lithium mining in Australia keeps reaching new record levels. Accordingly, Bulletin Resources Limited is not the only promising Australian exploration company.
For investors, it is therefore worth keeping an eye on the smaller Australian competitors such as Liontown Resources, Pilbara Minerals and Australian Vanadium.