The Bulman Project is a Zinc and Lead oxide deposit located in southern Arnhem Land in Australia's Northern Territory.
Admiralty Resources are currently in negotiations with the traditional landowners to do further sampling work and better define the leases to determine the areas acceptable for prospecting.
Mineral Lease Numbers (MLN's) 726 and 727 (Marumba) form the Bulman Zinc and Lead Project and are held by Admiralty Resources NL (previously Thunderbolt Resources NL) through our wholly owned subsidiary Moonlight Mining NL. The leases are held over the Bulman base metal (unclassified) resources defined in the 1950's by Enterprise Exploration Company (EEC). We currently have an Exploration Licence Application (21384) for 637 sq kilometres of land that includes MLN 726 and 727. Granting of the Licence will enhance our prospects of finding a much larger ore body and increasing the economics of the deposit.
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