Hong Kong Mines & Money Presentation
Perth, April 6, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) are pleased to provide the Company presentation for Hong Kong Mines & Money.
Near Term Gold Producer Focused on Shareholder Value:
- 4.7Moz Au resource & 780km2 landholding 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 150%, Payback 12mths, EBITDA +$58Mpa
- 7 year mine life, aiming for 10 years across 4 large geological systems
- Market cap ~ A$100M with strong liquidity = A$18/resource oz
- Fully funded to gold production by Sept 2016
- Refurbishment of gold plant and infrastructure underway
Blackham & Matilda Strategy:
Blackham Strategy
- Australia's next +100,000ozpa gold producer
- EBITDA $58Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries
- Opportunistic bolt on acquisitions
Matilda Strategy
- Q3, 2016 will commence gold production on oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Exploration continues to focus on high grade reefs & base load ore out of Matilda and Williamson open pits
- Huge optionality of the Wiluna sulphides - 3.3Moz @ 4.6g/t
- Working towards a sustainable long term mine plan
- 5 year reserves & 7 years including mining inventory
- Aiming for 10 year mining inventory and a long term sustainable operation
To view the complete presentation, please visit:
http://abnnewswire.net/lnk/K906PIIL
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.
| ||
|
