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Bligh Resources Limited

Bligh Resources Limited is a gold and manganese exploration and mining company that delivers returns for its shareholders.

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Bligh Resources is an emerging resource company with active programs across five quality projects. The company not only provides exposure to near-term production and cash flow from its Bundarra gold project and Leonora regional acreage in WA, but also offers strong leverage to exploration success.

Bligh Resources (ASX: BGH) is an Australian-based junior exploration company that currently boasts sizeable stakes in five projects considered prospective for gold and manganese. These projects comprise:

  • Bundarra: 42.9% stake in an advanced gold project that contains a JORC-compliant resource of 489,000oz (7.5Mt @ 2.0 g/t Au) within the historic gold-producing Leonora region of WA. A Scoping Study (based on the previous 318koz resource) already indicates a viable project however economic parameters of the study are likely to be enhanced following the recent resource upgrade.
  • Leonora: Prospective for gold, containing numerous historical artisanal workings and large, untested structural targets. The project hosts the Diorite King and Mt Davis prospects.
  • Little Wonder group of tenements are located within the broader ‘Leonora Project’. Prospective for gold, hosting old workings and historical mining dating back to 1894.
  • Bootu Creek Two: Prospective for manganese in a similar geological setting to OM Holdings’ (ASX: OMH) Bootu Creek mine. High priority project, less than 60km from the Darwin-Alice Springs Railway line.
  • Kumarina: Prospective for manganese, targeting DSO manganese in a similar area to that being evaluated by Montezuma Mining (ASX: MZM) at its adjacent Butcher Bird project.

Bligh has a portfolio of five projects, predominantly prospective for gold and manganese at varying stages of advancement. The projects of particular interest from a Breakaway perspective revolve around the Leonora Goldfields of Western Australia.

Bligh is an active explorer with a strong portfolio of projects located in well-known producing regions. The favourable Scoping Study outcomes provide confidence the Bundarra project has sufficient merit...

More details about Bligh Resources Limited

Official website: http://www.blighresources.com.au/

ASX on Hotcooper: http://hotcopper.com.au/asx/BGH

Markets: Gold, Manganese