Blackham Resources Ltd. Research Report Initiated by The Sophisticated Investor
17.09.2015 | ABN Newswire
Perth, Australia (ABN Newswire) - Equity analysts, The Sophisticated Investor, have initiated coverage on Australian near-term gold producer, Blackham Resources Ltd (ASX:BLK).Available on the Blackham Resources website, The Sophisticated Investor have released a series of video reports assessing the miner's latest high-grade exploration results at the Matilda Gold Project, as well as the Company's plans to recommission the 100%-owned Wiluna Gold Plant, which is within a 20km radius of the Matilda Gold Project.
The Sophisticated Investor have given Blackham Resources a price target of $0.40 per-share, citing low initial capital costs and a simple mine operation plan consisting of 80% open-pit mining.
The video report can be found here:
http://blackhamresources.com.au/
About Blackham Resources Limited:
Blackham Resources Limited (ASX:BLK), a Western Australian resources company, is focused on exploration and development at the Matilda and Williamson Gold Mines in the Wiluna gold belt of Western Australia. The Matilda Gold Project contains resources of 24.5Mt @ 1.90g/t gold. The tenure package covers 50km of strike along the Wiluna Mine sequence and Coles Shear which has produced over 4Moz of gold. Blackham have the largest landholding (>500km2) in the Wiluna goldfield, one of Western Australia’s major Archaean greenstone belts. Blackham aims to delineate a multi-million ounce gold resource and targeting converted resources to reserves in the near term.
Contact:
Blackham Resources Limited
T: +61-8-9322-6418
F: +61-8-9322-6398
www.blackhamresources.com.au
Tony Dawe, Senior Counsel
Tony.Dawe@ppr.com.au 08 9388 0944
www.ppr.comau