Blackham Resources Ltd (ASX:BLK) Australian Gold Producer with Exceptional Growth Opportunity

Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) is pleased to provide the Company's latest Presentation.

Gold producer with exceptional growth opportunity

- Matilda Gold production commenced in Oct 2016 and production ramping up

- Market cap ~ A$187M with strong liquidity ~ A$29/resource oz

- Resource 6.4Moz @ 3.2g/t, 4 large scaleable gold systems &over 1,000km2 landholding

- Initial Expansion study nearing completion aiming to grow production beyond 200kozpa

- Few Australian gold projects capable of +200koz with long mine life

Blackham Strategy

- Strengthening and lengthening reserves profile

- Game changing discoveries & opportunistic bolt on acquisitions

Matilda -Stage 1 ~100,000ozpa

- Gold production started from oxides & high grade free milling reefs

- Soft free milling ore will be used build balance sheet

- Exploration on high grade reefs & base load oxide ore

- Rapidly growing long term mine plan

Matilda & Wiluna-Stage 2 +200,000ozpa

- Additional ore feed from Wiluna sulphides -5.1Moz @ 3.9g/t

- Additional milling capacity to supply the existing sulphide circuit

- Wiluna open pit resource success underpins expansion plan

- Open pit mining and processing studies in progress

- Expansion study aimed at expanding production to +200kozpa

Blackham's Matilda/Wiluna Vision

- Gold production currently being ramped up

- Gold producer with scaleable resources and potential of long mine life

- High margins and returns for shareholders

- Initial expansion study aimed at growing production to ~ 200-240kozpa to better monetise the 6.4Moz resource nearing completion

To view the full presentation, please visit:
http://abnnewswire.net/lnk/J73BA39M


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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