Half Year Accounts
Perth, Mar 15, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) are pleased to provide the financial report for the Company and its controlled entities (the Group) for the half-year ended 31 December 2015.
Principal activities
The principal activity of the Group during the half-year was mineral exploration and development.
Operations
The Company continues to rapidly progress towards achieving its goal of being the next West Australian gold producer. Over the last 4 years Blackham has consolidated the Wiluna Goldfield and now has a 780km2 exploration tenement package which has historically produced over 4.3 million ounces. The Matilda Gold Project is located in Australia's largest gold belt which stretches from Norseman to Wiluna and passes through Kalgoorlie and Leinster. Blackhams 100% owned Wiluna gold plant, including a gas power station, camp, borefields and underground infrastructure, operated up until 2013 and is located in the centre of the Matilda Gold Project.
In the last 6 months the Company has worked hard to deliver a Definitive Feasibility Study ("DFS") on its 100% owned Matilda Gold Project. The results of the DFS were announced to the ASX on 24 February 2016. The DFS confirmed the project's robust economics including a low capital requirement, short timeframe to production, fast payback and operating costs that are in line with its Western Australian peers. The very low capex required for the project is due to the substantial plant and infrastructure at site and the minor plant refurbishments required torestart the project.
To view the full half year report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-756536.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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