Well funded Australian gold producer with exceptional growth opportunity
AGM Presentation 2017
Perth, Nov 27, 2017 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (BKHRF:OTCMKTS) provides the Company's AGM Presentation 2017.
Well funded Gold producer with exceptional growth opportunity
- Gold producer
o Gold production commenced in Oct' 2016
o 55,031 oz to Sep' 17 (over ~ 11 months)
o 1.8Mtpa Free Milling Processing Plant with Extensive Infrastructure
o >3.5 years of free milling reserves with further extension and targets
- Defined geological opportunity
o Part of Australia's largest gold belt with an endowment of 40Moz
o JORC Resources of 65Mt @ 3.1 g/t for 6.5Moz
o Resources have been delineated at a cost of $7/resource oz
o 4 large scale gold systems & over 1,100km2 of landholding
o All gold resources < 20km radius of the central processing plant
- Robust expansion plan
o Expansion PFS confirms robust economics for a 200kozpa long life mining operation
o Production of 1.5Moz Au over the initial 9 years
o First 6 years after expansion production averages 207,000ozpa
o NPV8% of $360M with a LOM AISC A$1,058/oz or US$836/oz
- Australia's biggest gold belt
o In Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
o Regional endowment > 40Moz
o Matilda/Wiluna Operation has an 11 Moz endowment including >4.3Moz of past production - largest endowment in region
o Positioned economic development of existing resources and new discoveries
To view full presentation, please visit:
http://abnnewswire.net/lnk/06WS3TJL
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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