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Perth, May 12, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) Valuation Update - Exploration Continues to Grow Mine Life. Blackham has released a number of key announcements over the past number of months that has resulted in a valuation upgrade.

These include:

Increased mine life - 826,000 oz at 3g/t Au;
Capital raising - $20m;
Gold hedging;
Continued exploration; and
First production remains on schedule - 3Q16.

To watch the video Presentation, please visit:
http://www.abnnewswire.net/press/en/83577/blackham


About Blackham Resources Ltd

Blackham Resources ASX:BLKBlackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.

All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.

   


Contact

Bryan Dixon
Managing Director
Blackham Resources
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au

Tony Dawe
Professional Public Relations
T: +61-8-9388-0944


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