Bulletin Resources Sells Lake Rebecca Tenements, Sharpens Focus on Core Gold Targets
Bulletin Resources has sold three non-core tenements of its Lake Rebecca Gold Project to Ramelius Resources for $500,000, enabling a strategic focus on its larger, recently acquired gold ground. The company remains well funded and is advancing exploration plans on high-potential targets.
- Sale of three non-core Lake Rebecca tenements to Ramelius for $500,000
- Focus shifts to northern and western portions of Lake Rebecca project
- Ongoing geological review and drilling preparations on key gold anomalies
- Strong cash position of $18.85 million as of September 2025
- Tenements sold border Ramelius’ 1.4 million ounce Rebecca Gold Project
Strategic Sale to Ramelius
Bulletin Resources Limited (ASX, BNR) has taken a decisive step to streamline its Lake Rebecca Gold Project by selling three tenements to Ramelius Resources Limited for $500,000 in cash. The tenements, E28/2878, E28/2709, and E28/2977, are located adjacent to Ramelius’ substantial 1.4 million ounce Rebecca Gold Project, making them a natural fit for Ramelius’ portfolio.
This divestment reflects Bulletin’s strategy to shed non-core assets and concentrate on the more prospective northern and western areas of its landholding, including a significant 509 square kilometre package acquired earlier this year. The sale also includes reimbursement for statutory rents, rates, and taxes related to the tenements, providing immediate financial relief.
Refocusing Exploration Efforts
With the sale completed, Bulletin is intensifying its geological review of high-priority drill targets within the Central and Western Trends of the Lake Rebecca project. The company has secured a Program of Work approval to drill test a discrete 1km by 1km soil gold anomaly, situated in a structurally favourable location. Targets under consideration include Graham’s Find and its extensions, Mulgabbie South, Old Homestead, Bosses Dam, and Goat Dam.
Bulletin is also exploring the use of ground geophysical surveys to refine these targets further, aiming to enhance the precision and effectiveness of upcoming drilling campaigns. This methodical approach underscores Bulletin’s commitment to unlocking value from its core tenements.
Geological Context and Regional Significance
The Lake Rebecca Gold Project sits within the highly prospective Laverton Tectonic Zone, a region known for significant gold mineralisation linked to major fault systems such as the Hootanui and Celia faults. These structures are also associated with Ramelius’ Rebecca and Duchess deposits, as well as Northern Star Resources’ Carosue Dam mine to the west.
Bulletin’s 773 square kilometres of tenements in this geologically complex area position it well to benefit from ongoing exploration success in the region. The proximity to established multi-million ounce gold operations adds a layer of strategic value to Bulletin’s landholding.
Financial Position and Outlook
Bulletin remains well funded, with cash and investments totaling $18.85 million as of 30 September 2025. This strong balance sheet supports the company’s exploration activities and provides flexibility to advance its drilling programs without immediate capital constraints.
Looking ahead, Bulletin’s sharpened focus on its core tenements and methodical exploration approach could unlock significant value, while the sale to Ramelius allows both companies to concentrate on their respective strategic priorities within the Lake Rebecca region.
Bottom Line?
Bulletin’s tenement sale marks a strategic pivot that could accelerate discovery on its core gold targets while Ramelius expands its footprint in a proven gold district.
Questions in the middle?
- What are the timelines and expected outcomes for Bulletin’s upcoming drilling programs?
- How will Ramelius integrate the newly acquired tenements into its existing Rebecca Gold Project plans?
- Could further tenement sales or acquisitions reshape Bulletin’s exploration strategy in the near term?