Australian Gold Producer with Outstanding Growth Opportunity

Investor Presentation
Investor Presentation
Perth, Nov 19, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest Investor Presentation.

COMPANY OVERVIEW

- Blackham's Matilda-Wiluna Gold Operation has 4.4Moz of historical production

- +1,440km2 of tenure & 55km of strike in Australia's biggest gold belt - the Norseman - Kalgoorlie - Wiluna belt

- Four separate large gold systems, with good mix of base load open pit & high grade underground ore reserves

- Resources 96Mt @ 2.2 g/t for 6.7Moz Au(1) (58% Indicated)

- Reserves 26Mt @ 1.8 g/t for 1.5Moz Au(2) with 91%

- Operational stability attained - 59koz Jan-Sep'18 at A$1,380/oz AISC

- Production of 77-89koz targeted for FY2019 at AISC of A$1,250/oz- A$1,450/oz (US$940/oz-US$1,088/oz)

- Very capital efficient step-change to > 200kozpa production

- Expansion PFS highlighted - gold production avg 207kozpa life of mine AISC A$1,058 (US$836)

- Very experienced Board and Management team

(1) Refer to ASX release dated 13 September 2018

(2) Refer to ASX release dated 31 October 2018

A COMPELLING INVESTMENT OPPORTUNITY

- Free-milling production delivering operational cashflow

- Balance sheet significantly strengthened over last 11 months

- 1.5Moz reserves (26Mt @ 1.8g/t Au) with long mine life ~ A$47/reserve oz

- Significant opportunity to extend open pit mine life and convert large underground resources into reserves

- Exploration programmes continue to strengthen and lengthen reserves

- Outstanding long-term upside from dominant land position and 6.7Moz (96Mt @ 2.2g/t Au - 68% indicated) resource with well defined geology

- Very strong Board and Management team

To view the full presentation, please visit:
http://abnnewswire.net/lnk/86S7G6TZ


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
Office: +61-8-9322-6418

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

Jim Malone
Investor Relations Manager
Mobile: +61-419-537-714

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



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