EXPLORATION TO DRIVE GROWTH - Free milling opportunities
February 2018 Presentation
Perth, Feb 21, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (BKHRF:OTCMKTS) provides the Company's February 2018 Presentation.
A TRANSFORMATIONAL 2018
- Matilda-Wiluna Gold Operation set to deliver strong positive operating cash flows in 2018 and beyond
- Recently commenced mining, processing and stockpiling of high grade ore
- Recent operations have demonstrated turnaround with record monthly milled tonnes (163kt) and record monthly gold production (6.5koz @ A$1,158 ASIC) in Jan'18
- Delivering a step-change in operations economics
- Re-capitalization plan successfully completed
- Meaningful long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base
- Ongoing drilling to target a "rolling" free milling mine life of at least 5 years
- Exploration and reserve drilling programmes to recommence at beginning of Mar'18 after six months of targeting work
EXPLORATION -A SIGNIFICANT DRIVER OF VALUE
- Blackham has a strong history in successful exploration adding resources at less than A$7/oz
- 4 large scale gold systems capable of sustaining a long life operation with multiple drill-ready targets
- Aiming to unlock the potential of the underexplored Wiluna Goldfield
- Our mission is to build a free milling mine life of + 5 years
- Extending reserves of known orebodies
- Discovering new orebodies
- Since June 2016:
o 1.4 million ounces added to the total resource base (1)
o 640,000 ounces added to the total reserve base(2)
- Long-life sulphide mine life beyond 9 years already demonstrated by Expansion PFS(2)
1) See ASX announcement 3rd August 2017 for further information
2) See ASX announcement 30th August 2017 for further information
AUSTRALIA'S BIGGEST GOLD BELT
- Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/Wiluna Operation has resources and past production of >11Moz -largest mining camp in region
- High potential to grow the resource base further through additional discoveries
- Large tenement holding of >1,100km2 and 55km of strike
To view the full presentation, please visit:
http://abnnewswire.net/lnk/XI32A8WH
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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