Matilda Project Fully Funded for Gold Production by Q2 2016
The Matilda Gold Project is 100% Blackham owned and includes the Wiluna gold plant and infrastructure, slashing capital costs and timeframes to pour first gold in 2016.
The Matilda Gold Project resource now stands at 44 million tonnes at 3.3 grams of gold per tonne for 4.7 million ounces. Blackham has tenure over 780 square kilometres of prime gold exploration acreage in the richly endowed northern Yilgarn region, including 55 kilometres of mineralised strike. Drilling has been focused on building mineral reserves of free-milling ores to sustain a minimum 10 year mine life.
Blackham Resources' strategic acquisition of the Wiluna Gold Project, together with the landmark agreement with Orion Mine Finance Fund, unlocks the Matilda project and fast-tracks Blackham to becoming Western Australia's next gold producer.
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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 +1,100km2 tenement package which has historically produced in excess of 4.4 million ounces over a 120-year mining history.
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Blackham Resources Ltd