Blackham Resources Ltd (
COMPANY OVERVIEW
- Gold production in Jun'18 half of 40,024oz at AISC of A$1,294/oz (US$961/oz)
- Free milling mine plan targeting 77k-89koz annual production at AISC of A$1,250-1,450/oz
- Drilling has advanced brownfield opportunities to strengthen and lengthen reserves - focussed on building a "rolling" five year free milling mine plan
- Operating cash flows improving balance sheet and funding growth opportunities
- 1.2Moz reserves with long mine life
- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base
COMPELLING INVESTMENT OPPORTUNITY
- Free-milling production plan delivering operational cashflow
- Balance sheet significantly strengthened over last 6 months ~ Net debt A$8M
- 1.2Moz reserves with long mine life
- Exploration programmes ongoing to strengthen and lengthen reserves -multiple targets in multiple mineralised systems
- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource with well defined geology
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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
Milan JerkovicExecutive Chairman
T: +61-8-9322-6418
Bryan Dixon
Managing Director
T: +61-8-9322-6418
Jim Malone
Investor Relations
T: +61-419-537-714
John Gardner
Media Enquiries
Citadel Magnus
T: +61-8-6160-4901
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