EXPLORATION TO DRIVE GROWTH - Free milling opportunities

Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's February 2018 Presentation.

A TRANSFORMATIONAL 2018

- Matilda-Wiluna Gold Operation set to deliver strong positive operating cash flows in 2018 and beyond

- Recently commenced mining, processing and stockpiling of high grade ore

- Recent operations have demonstrated turnaround with record monthly milled tonnes (163kt) and record monthly gold production (6.5koz @ A$1,158 ASIC) in Jan'18

- Delivering a step-change in operations economics

- Re-capitalization plan successfully completed

- Meaningful long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base

- Ongoing drilling to target a "rolling" free milling mine life of at least 5 years

- Exploration and reserve drilling programmes to recommence at beginning of Mar'18 after six months of targeting work

EXPLORATION -A SIGNIFICANT DRIVER OF VALUE

- Blackham has a strong history in successful exploration adding resources at less than A$7/oz

- 4 large scale gold systems capable of sustaining a long life operation with multiple drill-ready targets

- Aiming to unlock the potential of the underexplored Wiluna Goldfield

- Our mission is to build a free milling mine life of + 5 years

- Extending reserves of known orebodies

- Discovering new orebodies

- Since June 2016:

o 1.4 million ounces added to the total resource base (1)

o 640,000 ounces added to the total reserve base(2)

- Long-life sulphide mine life beyond 9 years already demonstrated by Expansion PFS(2)

1) See ASX announcement 3rd August 2017 for further information

2) See ASX announcement 30th August 2017 for further information

AUSTRALIA'S BIGGEST GOLD BELT

- Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna

- Regional endowment > 40Moz

- Matilda/Wiluna Operation has resources and past production of >11Moz -largest mining camp in region

- High potential to grow the resource base further through additional discoveries

- Large tenement holding of >1,100km2 and 55km of strike

To view the full presentation, please visit:
http://abnnewswire.net/lnk/XI32A8WH


About Blackham Resources Ltd

Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) Wiluna-Matilda Gold Operation is located in Australia's largest gold belt which stretches from Norseman through Kalgoorlie to Wiluna. The Operation now includes resources of 96Mt @ 2.2g/t for 6.7Moz Au all within 20kms of the central processing facility. Blackham has consolidated the entire Wiluna Goldfield within a +1,440km2 tenure package which has historically produced in excess of 4.4 million ounces over a 120-year mining history.

   

Contact

Milan Jerkovic
Chairman
Blackham Resources Limited
T: +61-8-9322-6418

Jim Malone
Investor Relations Manager
Blackham Resources Limited
T: +61-419-537-714

John Gardner
Media Enquiries
Citadel Magnus
T: +61-8-6160-4901



Link: BLK February 2018 Presentation



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