Blackham Resources Ltd.: Institutional Roadshow Presentation February 2016
01.02.2016 | ABN Newswire
Perth, Australia (ABN Newswire) - Blackham Resources Limited (ASX:BLK) announce the Institutional Roadshow Presentation for February 2016.Key Points;
- 4.7Moz Au resource & 780km2 landholding in Australia's biggest gold belt
- 1.3Mtpa plant & infrastructure unlocks value in Matilda Gold Project allowing production over 100,000oz pa
- PFS confirms Robust Economics with low risk start up strategy
- Working towards a 10 year mine life across 4 large geological systems
- Market cap ~ A$60M = A$14/resource oz & strong liquidity
- Blackham is Western Australia's next +100,000oz pa producer with production targeted mid 2016
Blackham & Matilda Strategy
Blackham Strategy
- Western Australia's next +100,000oz pa producer
- AISC A$1,100/oz. and normalised EBITDA $45Mpa
- Strengthen and lengthen reserves profile
- Growing the under head frame resources
- Game changing discoveries
- Opportunistic bolt on acquisitions
Matilda Strategy
- Mid 2016 will commence gold production on oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Exploration continues to focus on high grade reefs & base load ore out of Matilda and Williamson open pits
- Huge optionality of the Wiluna sulphides - 3.3Moz @ 4.6g/t
- PFS demonstrated East West sulphides are economic AISC < A$1,100/oz
- Mining studies a for Bulletin and Creek Shear to be included in DFS
- Working to a sustainable mine plan targeting 5 year reserves & 10 year mine inventory
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-751358.pdf
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 incorporates over 780 square kilometres of tenements including Regent and the Matilda and Williamson Gold Mines containing total JORC 2012 resources of 44Mt @ 3.3 g/t for 4.7 Moz ounces of gold. These tenements cover around 45 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine & Coles Find Sequence has historically produced 4 million ounces of gold.
Contact:
Blackham Resources Limited
Bryan Dixon, Managing Director
T: +618 9388 0944
Tony Dawe, Professional Public Relations
T: +618 9322 6418