Australian Gold Producer with Outstanding Growth Opportunity
Blackham Resources Ltd (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
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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.
Contact
Milan JerkovicExecutive 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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