logo-loader
viewBardoc Gold Ltd

Bardoc Gold non-executive director Neil Biddle shows faith in company with purchase of shares

The recently completed PFS covered only four main deposits (Aphrodite, Zorastrian, Excelsior and Bulletin) with significant upside through the company’s numerous satellite deposits and through regional exploration.

Bardoc Gold Ltd - Bardoc Gold non-executive director Neil Biddle shows faith in company with purchase of shares
Ongoing infill drilling to upgrade inferred resources will take place in Q3 2020

Bardoc Gold Ltd (ASX:BDC) non-executive director Neil Biddle has shown faith in the company through the purchase of shares in an on-market transaction.

Biddle’s holder Hatched Creek Pty Ltd acquired 504,145 shares worth $24,198.96 and holder Biddle Partners Pty Ltd acquired 344,156 shares for a total value of $16,519.49.

The total number of securities held after the change is now 32.05 million shares.

Positive Bardoc Gold Project PFS results

Bardoc recently received positive pre-feasibility study (PFS) results supporting a gold mining operation at the Bardoc Gold Project in Western Australia.

The PFS returned a forecast average production of 135,000 ounces per annum at an AISC of $1,220 per ounces over an initial 8-year mine life. 

Using today's spot gold price of A$2,530 per ounce, an 8-year gold mining operation would be valued at A$600 million pre-tax.

Chief executive officer Robert Ryan said the results highlighted the opportunity to develop a substantial new mid-tier Australian gold project with outstanding economics and strong financial returns.

Quick facts: Bardoc Gold Ltd

Price: 0.089 AUD

ASX:BDC
Market: ASX
Market Cap: $124.22 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bardoc Gold Ltd named herein, including the promotion by the Company of Bardoc Gold Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Bardoc Gold Ltd 'has potential to be Australia's next mid-tier gold producer'

Bardoc Gold Ltd's (ASX:BDC) CEO Robert Ryan speaks to Proactive London's Andrew Scott soon after announcing the pre-feasibility study results on its Bardoc Gold Project in Western Australia. The PFS returned a forecast average production of 135,000 ounces per annum at an AISC of $1,220 per...

on 17/3/20

2 min read