Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) is pleased to provide the Company's latest Presentation at Sydney RIU Conference.

Gold producer with exceptional growth opportunity

- Matilda/Wiluna Gold production commenced in Oct' 2016 and production ramping up

- Market cap ~ A$l 18M with strong liquidity ~ A$19/resource oz

- Resource 6.4Moz @ 3.2g/t, 4 large scaleable gold systems & over 1,000km2 landholding

- Preliminary Expansion study confirms plan to grow production beyond 200kozpa with long mine life

Blackham's mid tier producer ambitions

Wiluna Expansion Study confirms +200kozpa long mine life opportunity

Preliminary Expansion Study Highlights

Planning for Stage 2B combined processing capacity of 3.2Mtpa and to maintain +200,000ozpa gold production

- Targeted Production 1.3AAtpa over 9 year and growing

o Base load Open Pit Mining Inventory 14AAt @ 2.0g/t for 890koz
o High grade Underground Mining Inventory 4Mt @ 4.9g/t for 630koz o Total Mining Inventory 18Mt @ 2.7g/t for 1.52Moz

- LOM All in sustaining costs A$1,170/oz or US$860/oz

- Stage 2A Capital $24.9M for circa 0.75Mtpa

- Stage 2B Capital $80.5M for combined capacity 3.2Mtpa

Wiluna Expansion Study confirms +200kozpa long mine life opportunity

Preliminary Expansion Study Highlights

- Staged pathway to a flexible processing facility capable of unlocking the value of the both oxide and sulphide resources

- Combined oxide/sulphide operation has the ability to produce over 200,000oz Au per annum with a long mine life

- Completed 49,000m Wiluna open pit resource and reserve drilling programme has the potential to strengthen and lengthen the base load reserves profile

- Wiluna underground has 23Mt @ 4.7g/t for 3.3Moz outside the mine plan with the economics still to be fully evaluated which will include assessing at bulk mining opportunities.

- Ability to finance expansion capital out of Stage 1 cash flow and debt re-sizing

Blackham's Matilda/Wiluna Vision

- Gold production ramping up

- Preliminary expansion study confirms capital efficient production growth to 200-240kozpa (Stage 2)

- Gold producer with large scale gold systems, 6.4Moz resource and long mine life potential

To view the full presentation, please visit:
http://abnnewswire.net/lnk/13Q983ID


About Wiluna Mining Corporation Ltd

Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.

    

Contact

Blackham Resources Ltd
T: +61-8-9322-6418
F: +61-8-9322-6398
WWW: www.blackhamresources.com.au



Link: Presentation Sydney RIU Conference


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