Blackham Resources Ltd. Releases Pre-Feasibility Study for Matilda Gold Project
28.10.2015 | ABN Newswire
Perth, Australia (ABN Newswire) - Blackham Resources (ASX:BLK) is a step closer to bringing its Matilda Gold Project into production with the completion of a Pre-Feasibility Study confirming robust economics.The Matilda Gold Project, which is located near Wiluna in Western Australia, is expected to total only A$28 in Pre-Production Capital Costs and produce 98,000 ounces of gold per annum over a 4.75-year mine life.
The Project has a net present value of A$124 million.
"The low upfront capital costs and robust economics for the Matilda Gold Project are highly encouraging," Bryan Dixon, Blackham Resources managing director said.
"It is an exciting time as we look to transition Blackham into Western Australia's next significant gold producer," he said.
Blackham Resources intends to release a Definitive Feasibility Study in early 2016.
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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:
Tony Dawe Senior Counsel
T: +61 8 9388 0944
E: Tony.Dawe@ppr.com.au
www.ppr.com.au
Blackham Resources Limited
T: +61 8 9322 6418
F: +61 8 9322 6398
www.blackhamresources.com.au