Corporate Update
Perth, Aug 5, 2019 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (NZ3:FRA) (BKHRF:OTCMKTS) Current operation focused on safely and consistently mining & processing 2Mtpa free milling ore at reduced costs
Focused on a debt reduction and balance sheet enhancement program
FY19 production of 65.4koz @ AISC of A$1,760/ oz
FY20 guidance 70k 80koz @ AISC of A$1,550 1,750/ oz
Transitioning to a low capex, low risk sulphide mining & tailings retreatment operation at ~100 120koz pa production
+1,600 km2 of tenure & 55 km of strike across four large gold systems in Australia's biggest gold belt
Resources 96 Mt @ 2.2 g/t for 6.7Moz Au (58% Indicated), Reserves 26 Mt @ 1.8 g/t for 1.5Moz Au
Potential for large scale sulphide operation in the future
Experienced Board and renewed Management team
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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.
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