Releases Pre-Feasibility Study for Matilda
The Matilda Gold Project, which is located near Wiluna in Western Australia, is expected to total only A$28 in Pre-Production Capital Costs and produce 98,000 ounces of gold per annum over a 4.75-year mine life.
The Project has a net present value of A$124 million.
"The low upfront capital costs and robust economics for the Matilda Gold Project are highly encouraging," Bryan Dixon, Blackham Resources managing director said.
"It is an exciting time as we look to transition Blackham into Western Australia's next significant gold producer," he said.
Blackham Resources intends to release a Definitive Feasibility Study in early 2016.
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About Blackham Resources Ltd
Blackham 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.
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