Releases Pre-Feasibility Study for Matilda
Releases Pre-Feasibility Study for Matilda
Perth, Oct 28, 2015 AEST (ABN Newswire) - Blackham Resources (ASX:BLK) is a step closer to bringing its Matilda Gold Project into production with the completion of a Pre-Feasibility Study confirming robust economics.

The Matilda Gold Project, which is located near Wiluna in Western Australia, is expected to total only A$28 in Pre-Production Capital Costs and produce 98,000 ounces of gold per annum over a 4.75-year mine life.

The Project has a net present value of A$124 million.

"The low upfront capital costs and robust economics for the Matilda Gold Project are highly encouraging," Bryan Dixon, Blackham Resources managing director said.

"It is an exciting time as we look to transition Blackham into Western Australia's next significant gold producer," he said.

Blackham Resources intends to release a Definitive Feasibility Study in early 2016.

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About Blackham Resources Ltd

Blackham Resources ASX:BLKBlackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.

All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.



Bryan Dixon
Managing Director
Blackham Resources
T: +61-8-9322-6418

Tony Dawe
Professional Public Relations
T: +61-8-9388-0944

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