RIU Presentation Femantle February 2016
Perth, Feb 24, 2016 AEST (ABN Newswire) - Blackham Resources Limited (ASX:BLK) Matilda Feasibility confirms 2016 Production RIU Fremantle Conference Presentation.
NEAR TERM GOLD PRODUCER FOCUSED ON SHAREHOLDER VALUE
- 4.7Moz Au resource & 780km2landholding in Australia's biggest gold belt
- Existing plant & infrastructure unlocks the value of the Matilda Gold Project with +100,000ozpa production targeted by Q3, 2016
- DFS confirms robust economics with low risk start up strategy
NPV7% 170M, IRR 170%, Payback 12mths, EBITDA +$58Mpa
- 7 year mine life, aiming for 10 years across 4 large geological systems
- Market cap ~ A$93M with strong liquidity = A$21/resource oz
- Blackham when compared to its Western Australian gold developer peers
- is the nearest term producer
- most capital efficient
- has the quickest payback for shareholders
To view the conference presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-753758.pdf
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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