Blackham Resources Ltd (
Review of Operations
Over the last six years, Blackham has consolidated the Wiluna Goldfield with a tenement package now covering over 1,100km2, into one operation that has historically produced over 4.3 million ounces. The Matilda/Wiluna Gold Operation ('Operation') is located in Australia's largest gold belt which stretches from Norseman to Wiluna and passes through Kalgoorlie and Leinster.
The 100% owned Operation recommenced production in October 2016 and comprises a 1.8Mtpa gold plant, BIOX(R) plant, 17MW new gas and diesel power stations, 300 room camp, bore-fields and underground infrastructure.
HIGHLIGHTS
Since the publishing of the Blackham 2016 Annual Report, the Company has delivered the following results:
- First gold pour from the Operation in October 2016;
- Gold production continues to increase
- Operations have been significantly de-risked
- JORC 2012 Gold Resource of 65Mt @ 3.1g/t for 6.5Moz (51% measured & indicated) - an increase of 27% in one year;
- A mining reserve of 1.2Moz - an increase of 116% in one year; and
- Completion of the Expansion PFS
The management team has continued to focus on the continual improvement and optimisation of the mine plan and the safe and efficient running of the Operation, whilst also exploring other options for a sustainable longer term operation.
To view the full report, please visit:
http://abnnewswire.net/lnk/YCG4VOG6
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
Bryan DixonManaging Director
Blackham Resources Limited
Office: +61-8-9322-6418
Bruce Kendall
Chief Geological Officer
Office: +61-8-9322-6418
Jim Malone
Investor Relations
Blackham Resources Limited
Office: +61-419-537-714
John Gardner
Media Enquiries
Citadel Magnus
Office: +61-8-6160-4901
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