Presentation at RIU Sydney Conference May 2016
Perth, May 10, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) are pleased to provide the Company's presentation for the RIU Conference May 2016, in Sydney.
NEAR TERM GOLD PRODUCER WITHIN MONTHS
- +100,000ozpa Matilda Gold Project targeting production by Sept 2016 quarter
- Feasibility confirms robust economics with low risk start up strategy
NPV7% 195M, IRR 155%, Payback 11mths, EBITDA +$63Mpa
- 8 year mine life, aiming for 10 years across 4 large geological systems
- Refurbishment of gold plant well advanced
- Mining expected to start in June
- 4.7Moz Au resource & 780km2 landholding in Australia's biggest gold belt
- Market cap ~ A$112M with strong liquidity = A$20/resource oz
BLACKHAM & MATILDA STRATEGY
Blackham Strategy:
- Australia's next +100,000ozpa gold producer with EBITDA $63Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries and opportunistic bolt on acquisitions
Matilda Strategy:
- Gold production next quarter from oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Exploration focused on high grade reefs & base load ore out of Matilda and Lake Way open pits
- Huge optionality of the Wiluna sulphides - 3.3Moz @ 4.6g/t
- Working towards a sustainable long term mine plan
-- 5 year reserves & 8 years including mining inventory
-- Targeting 10 year mining inventory & long term sustainable operation
- Working on options to increase production beyond 100,000ozpa
To view the presentation, please visit:
http://abnnewswire.net/lnk/4KEY1T2J
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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