AMEC Conference Presentation
Perth, June 9, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) are pleased to provide the latest Company presentation at the AMEC Conference titled, 'Matilda Gold Production Next Quarter'.
Blackham Strategy
- Australia's next +100,000ozpa gold producer with EBITDA $63Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries and opportunistic bolt on acquisitions
Matilda Gold Project an embarrassment of riches:
- Resource 45Mt @ 3.3 g/t for 4.8Moz Au -50% indicated resource level
- Reserves 6.4Mt @ 2.5 g/t for 517,000oz Au
- Consolidated Wiluna goldfield with all deposits within 20km of plant
- Mix of open pit & high grade UG ore
- +780km2of tenure & 55km of strike
- 4 large geological systems -3 are under explored
- Averaged gold production of 101,000ozpa over the last 27 years of operations
Near Term Gold Producer Within Months
- +100,000ozpa Matilda Gold Project targeting production by Sept 2016 quarter
- Feasibility confirms robust economics with low risk start up strategy
- NPV7% 195M, IRR 155%, Payback 11mths, EBITDA +$63Mpa
- 8 year mine life, aiming for 10 years across 4 large geological systems
- Refurbishment of gold plant well advanced
- 4.8Moz Au resource & 780km2landholding in Australia's biggest gold belt
- Market cap ~ A$119M with strong liquidity = A$22/resource oz
- Gold production forecast at 25,000oz in Dec 2016 Quarter
To view the presentation, please visit:
http://abnnewswire.net/lnk/KZ4N8MS2
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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