Blackham Resources Ltd (ASX:BLK) Investor Presentation

Australian Gold Producer with Outstanding Growth Opportunity

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

COMPANY OVERVIEW

- Blackham's Matilda-Wiluna Gold Operation has 4.4Moz of historical production

- +1,100km2 of tenure & 55km of strike in Australia's biggest gold belt - the Norseman - Kalgoorlie - Wiluna belt

- Resource 96Mt @ 2.2 g/t for 6.7Moz Au(1) (58% Indicated) with all deposits < 20km from the plant

- Operational stability attained - production of 77-89koz targeted for FY2019 at AISC of A$1,250/oz-A$1,450/oz (US$940/oz-US$1,088/oz)

- Very capital efficient step-change to > 200kozpa production

- Expansion PFS highlighted - gold production avg 207okozpa, life of mine AISC A$1,058 (US$836)

- Lind Partners Investment for up to A$23m to bring balance sheet stability(2)

- Four separate large gold systems, with good mix of base load open pit & high grade underground ore sources

- Very experienced board and operational team

A COMPELLING INVESTMENT OPPORTUNITY

- Free-milling production delivering operational cashflow

- Balance sheet significantly strengthened over last 9 months

- 1.2Moz reserves (15Mt @ 2.6g/t Au) with long mine life

- Exploration programmes ongoing to strengthen and lengthen reserves

- Outstanding long-term upside from dominant land position and 6.7Moz (96Mt @ 2.2g/t Au - 68% indicated) resource with well defined geology

- Very strong Board and management team

(1) Refer to ASX release dated 13 September 2018

(2) Refer to ASX release dated 25 September 2018

To view the full presentation, please visit:
http://abnnewswire.net/lnk/1K15NDST


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.

    

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