Australian Gold Producer with Outstanding Growth Opportunity
Australian Gold Producer with Outstanding Growth Opportunity
Perth, July 18, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest presentation titled "Australian Gold Producer with Outstanding Growth Opportunity".

COMPANY OVERVIEW

- Gold production in Jun'18 half of 40,024oz at AISC of A$1,294/oz (US$961/oz)

- Free milling mine plan targeting 77k-89koz annual production at AISC of A$1,250-1,450/oz

- Drilling has advanced brownfield opportunities to strengthen and lengthen reserves - focussed on building a "rolling" five year free milling mine plan

- Operating cash flows improving balance sheet and funding growth opportunities

- 1.2Moz reserves with long mine life

- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base

COMPELLING INVESTMENT OPPORTUNITY

- Free-milling production plan delivering operational cashflow

- Balance sheet significantly strengthened over last 6 months ~ Net debt A$8M

- 1.2Moz reserves with long mine life

- Exploration programmes ongoing to strengthen and lengthen reserves -multiple targets in multiple mineralised systems

- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource with well defined geology

To view the full presentation, please visit:
http://abnnewswire.net/lnk/UFS33O4J


About Blackham Resources Ltd

Blackham Resources ASX:BLKBlackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF) Wiluna-Matilda Gold Operation is located in Australia's largest gold belt which stretches from Norseman through Kalgoorlie to Wiluna. The Operation now includes resources of 96Mt @ 2.2g/t for 6.7Moz Au all within 20kms of the central processing facility. Blackham has consolidated the entire Wiluna Goldfield within a +1,440km2 tenure package which has historically produced in excess of 4.4 million ounces over a 120-year mining history.

   


Contact

Milan Jerkovic
Executive Chairman
T: +61-8-9322-6418

Bryan Dixon
Managing Director
T: +61-8-9322-6418

Jim Malone
Investor Relations
T: +61-419-537-714

John Gardner
Media Enquiries
Citadel Magnus
T: +61-8-6160-4901



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