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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), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. Matilda's resources of 48Mt @ 3.3g/t for 5.1Moz, all within a 20km radius of its gold plant currently being re-commissioned. The Matilda Gold Project incorporates over 780 square kilometres of tenements and cover around 55 kilometres of strike along the Wiluna and Coles Find Mine Sequences. The Project has historically produced 4.3 million ounces of gold.

  


Contact

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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