Annual Resources and Reserves Update
The 2019 MRRE presented in Tables 1 & 2 in link below reflect updated resource models for Wiluna and Williamson deposits, open pit mining depletions, and updated underground resource models for the Bulletin, Essex and Golden Age deposits.
Open pit mining at the Matilda and Wiluna centres is expected to be completed during 2020, with open pit operations now ramping up at Williamson. An updated resource model for Williamson has been completed with pre-production activities at the Williamson pit having commenced in advance of ore production scheduled from November 2019. Williamson is expected to provide the baseload of free milling ore for throughout 2020.
Resource definition and mining studies are well advanced for Blackham's transition to Stage 1 of its Sulphide Expansion Project, with underground mine planning and optimisation now nearing completion in conjunction with the engineering design for the sulphide flotation plant. A major MRRE update is anticipated at the completion of this work, expected in the December quarter.
Blackham's Executive Chairman, Mr Milan Jerkovic said "Our latest resources and reserves update reflects our work to strengthen resources and reserves in support of a robust mine plan moving forward, and mining depletion during the 2019 financial year. Blackham is focussed on its Stage 1 Sulphides Expansion Project and further updates to resources and reserves are expected in the coming quarter as sulphide mine optimisation studies are nearing completion."
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About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMX) 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 6.4 Moz at a grade of 2.1 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.
Wiluna Mining Corporation Ltd