Blackham Resources Limited: RIU Presentation Femantle February 2016
24.02.2016 | ABN Newswire
Perth, Australia (ABN Newswire) - Blackham Resources Limited (ASX:BLK) Matilda Feasibility confirms 2016 Production RIU Fremantle Conference Presentation.NEAR TERM GOLD PRODUCER FOCUSED ON SHAREHOLDER VALUE
- 4.7Moz Au resource & 780km2landholding in Australia's biggest gold belt
- Existing plant & infrastructure unlocks the value of the Matilda Gold Project with +100,000ozpa production targeted by Q3, 2016
- DFS confirms robust economics with low risk start up strategy
NPV7% 170M, IRR 170%, Payback 12mths, EBITDA +$58Mpa
- 7 year mine life, aiming for 10 years across 4 large geological systems
- Market cap ~ A$93M with strong liquidity = A$21/resource oz
- Blackham when compared to its Western Australian gold developer peers
- is the nearest term producer
- most capital efficient
- has the quickest payback for shareholders
To view the conference presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-753758.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