Corporate Update
Corporate Update
Perth, Aug 5, 2019 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (FRA:NZ3) (OTCMKTS:BKHRF) 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 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
Executive Chairman
Office: +61-8-9322-6418

Jim Malone
Investor Relations
Mobile: +61-419-537-714



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