Australian Gold Producer with Exceptional Growth Opportunity
Perth, Mar 27, 2017 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (BKHRF:OTCMKTS) 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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