Breaker Resources making its mark in prolific Eastern Goldfields region

By Trevor Hoey. Published at Sep 20, 2016, in Features

While the share prices of many gold stocks have been struggling, a smaller player in Breaker Resources (ASX: BRB) has had a stunning run in the last fortnight with its shares doubling from 21 cents to hit an intraday high of 43 cents last week.

Management took the decision yesterday to place the company in a trading halt pending the release of exploration drilling results.

While it would appear that promising news is imminent there could be multiple reasons for the share price spike. Simon Tonkin from Patersons Securities initiated formal coverage of the stock on September 8 with a speculative buy recommendation. In the ensuing week the company’s shares increased more than 50% from 25.5 cents to hit a high of 40 cents.

In his research note Tonkin said, “Breaker Resources has potentially made the next significant gold discovery in the Western Australian goldfields at its 100% owned Lake Roe project, located some 100 kilometres east of Kalgoorlie”.

The following map shows the highly prospective area surrounding BRB’s tenements.

He noted that the mineralised zone was hidden under thin transported cover which has been overlooked by many previous explorers and that wide spaced drilling has intersected fresh sulphide hosted gold mineralisation at potentially economic grades at the Bombora and Bombora North discoveries.

Should the two discoveries be linked, thereby outlining a strike length of 2.2 kilometres Tonkin sees the potential for at least a 1 million ounce gold deposit.

This note emerged prior to the company announcing on September 13 that final assays had confirmed significant widths and high grades at Bombora North. These included large widths grading between 2 and 3 grams per tonne, including 10 metres grading 5 grams per tonne as demonstrated below.

Further drilling is planned to test a 2.2 kilometres zone to the north of Bombora North where air core drilling has previously returned intersections up to 7.6 grams per tonne.

Management said the grade characteristics of the drill intersections highlighted strong potential for large tonnage open pit mining. Adding further flavour to the story is the fact that significant high grade gold intersections at both Bombora North and Bombora suggests the prospect of underground mining.

On this note, the sulphide lode style of mineralisation present often translates to substantial depth potential based on similar gold deposits in other parts of the Western Australian Eastern Goldfields.

More specifically, Tonkin noted there were geological similarities with Saracen Minerals’ 3.5 million ounce Karari-Carosue Dam project located along strike, approximately 60 kilometres to the north.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!