Blackham Resources Ltd.: Hong Kong Mines & Money Presentation
06.04.2016 | ABN Newswire
Perth - Blackham Resources Ltd (ASX:BLK) are pleased to provide the Company presentation for Hong Kong Mines & Money.Near Term Gold Producer Focused on Shareholder Value:
- 4.7Moz Au resource & 780km2 landholding 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 150%, Payback 12mths, EBITDA +$58Mpa
- 7 year mine life, aiming for 10 years across 4 large geological systems
- Market cap ~ A$100M with strong liquidity = A$18/resource oz
- Fully funded to gold production by Sept 2016
- Refurbishment of gold plant and infrastructure underway
Blackham & Matilda Strategy:
Blackham Strategy
- Australia's next +100,000ozpa gold producer
- EBITDA $58Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries
- Opportunistic bolt on acquisitions
Matilda Strategy
- Q3, 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
- Working towards a sustainable long term mine plan
- 5 year reserves & 7 years including mining inventory
- Aiming for 10 year mining inventory and a long term sustainable operation
To view the complete presentation, please visit:
http://abnnewswire.net/lnk/K906PIIL
About Blackham Resources Ltd:
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:
Bryan Dixon Managing Director
Blackham Resources Ltd
T: +61-8-9322-6418
Tony Dawe Professional Public Relations
T: +61-8-9388-0944