Matilda Wet Commissioning Underway
Perth, Sep 5, 2016 AEST (ABN Newswire) - The Board of Blackham Resources Limited (
ASX:BLK) ('Blackham' or 'the Company') is pleased to advise that the Wiluna gold plant wet commissioning is underway at its 5.1Moz Matilda Gold Project.
Mining highlights include:
- Ore mining at the Matilda M10 pit advancing well
- Matilda M3 cutback commenced
- Golden Age UG development within days of first ore
- Haulage of ore to plant ROM has commenced
- ROM stockpiles now total 145kt @ 1.4g/t for 6,800oz (approx. 1 months throughput)
Gold Processing and Infrastructure highlights include:
- Ore crushing commenced last week and fine ore stockpiles building
- Ball mills dry commissioning commenced
- Mill 1 feed hopper and apron drive installed
- Ball mills ready for charging (Mills 1 & 2)
- New Knelson gravity concentrator installed
- Leach tanks nearing completion
- Installation of top of tank steel well advanced
- Electrical wiring of leach tanks is critical path
- New tailings dam ready for use
- New power station and HV fully operational
- 280 rooms at camp fully active
Corporate
- $25M placement completed at $1.00 per share
- Cash $43.7M at 1 Sept 2016
Refurbishment contractor has advised a small delay to the commissioning of leach tanks due to weather disruptions and lags in installation top of tank steel. An additional paint coating is being applied to the leach tanks to reduce future maintenance. Commissioning is tracking well and first gold pour is now expected within the next three weeks. Blackham is focused on a timely ramp up to commercial production.
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The Matilda Gold Project is located in Australia's largest gold belt which stretches from Norseman through Kalgoorlie to Wiluna. Blackham's 100% owned Wiluna gold plant has been refurbished to a name plate 1.7Mtpa and is located in the centre of the Matilda Gold Project. The expanded Matilda Gold Project now includes JORC 2012 Measured, Indicated and Inferred Resources of 48Mt @ 3.3g/t for 5.1Moz Au (refer to ASX release 27th June 2016) within a 860km2 exploration tenement package and has historically produced in excess of 4.3 million ounces. Wet commissioning of the Wiluna gold plant commenced yesterday.
Blackham Resources Ltd has commenced open pit mining and underground development work at the Company's Matilda Gold Project. Blackham's open pit contractor, MACA Ltd has mobilised the initial mining fleet and has 3 diggers mining at the Matilda M10, M3 and M4 open pits. Mining of ore has commenced at the M10 pit.
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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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