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 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.
Wiluna Mining Corporation Ltd
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