About Breaker Resources & the Lake Roe Gold Project
Breaker Resources NL (ASX: BRB) is focused on a rare new greenfields gold camp, 100km east of Kalgoorlie, Western Australia (WA).
The Company is well-funded, with Electrum Strategic Opportunities Fund II and Paulson & Co holding 20%, the Directors 8% and Franklin Templeton approximately 6%.
After discover in 2016, the Company did its de-risking early, creating an open pit development option based on a 1Moz open pit Resource and 250,000m of drilling.
The Bombora deposit at Lake Roe is high-grade by nature with obvious underground mining potential, yielding some of the best drill hits in WA in the last few years, such as 17m @ 15.85g/t and 7m at 61.78g/t.
The strategy is to keep growing the Resource to further expand the development options.
The Company is operating three drill rigs, running continuously, and is planning to ramp this up. The deposit is open in all directions and drilling indicates a gold system over at least 30km.
Since the start of 2020, Breaker has identified three large areas of emerging discovery targeted for Resource growth.