A Dominant Position in Australias Largest Gold Belt
A Dominant Position in Australias Largest Gold Belt
Perth, April 17, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest presentation titled "A Dominant Position in Australia's Largest Gold Belt".

COMPANY OVERVIEW

- Low risk free milling mine plan targeting 80koz annual production at AISC of A$l,100-l,200/oz (US$855-932/oz)

- Gold production in March 2018 quarter of 20,631oz at AISC of A$l,092/oz (US$848/oz)

- Well funded to undertake continued exploration, with advanced brownfield opportunities to strengthen and lengthen reserves -focussed on building a "rolling" five year free milling mine plan

- Strong operating cash flows targeting a net cash position by the end of 2018

- Board and management strengthened with experienced gold mining professionals

- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base

FOUR LARGE SCALE GOLD SYSTEMS

- Four large scale gold systems, capable of sustaining a sizeable long life operation

- Free milling resources of 22.8Mt @ 1.76g/t for 1.3Moz

- Free milling open pit mine plan is supported by Reserves of the Matilda, Galaxy and Williamson open pit mines and the Golden Age underground mine

- Golden Age underground mine plan recently extended, further extensions being targeted

- Ongoing exploration drilling targeting a "rolling" free milling open pit mine plan of at least 5 years and "rolling" underground mine plan of 6-12 months

COMPELLING INVESTMENT OPPORTUNITY

- Free-milling production plan delivering strong operational cashflow

- Strengthened balance sheet and targeting a net cash position by the end of 2018

- Well funded for exploration program to strengthen and lengthen reserves - multiple targets in multiple mineralised systems

- 1.2Moz reserves

- Dominant land position and 6.5Moz resource provides significant upside potential

- Undervalued in comparison to Australian gold producing peers

To view the full presentation, please visit:
http://abnnewswire.net/lnk/9HX1559O


About Blackham Resources Ltd

Blackham Resources ASX:BLKBlackham 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.

   


Contact

Milan Jerkovic
Chairman
T: +61-8-9322-6418

Bryan Dixon
Managing Director
T: +61-8-9322-6418

Jim Malone
Investor Relations Manager
T: +61-419-537-714

John Gardner
Media Enquiries
Citadel Magnus
T: +61-8-6160-4901



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