Blackham Resources Limited - Presentation at RIU Sydney Conference May 2016
10.05.2016 | ABN Newswire
Perth, Australia - Blackham Resources Ltd (ASX:BLK) are pleased to provide the Company's presentation for the RIU Conference May 2016, in Sydney.NEAR TERM GOLD PRODUCER WITHIN MONTHS
- +100,000ozpa Matilda Gold Project targeting production by Sept 2016 quarter
- Feasibility confirms robust economics with low risk start up strategy
NPV7% 195M, IRR 155%, Payback 11mths, EBITDA +$63Mpa
- 8 year mine life, aiming for 10 years across 4 large geological systems
- Refurbishment of gold plant well advanced
- Mining expected to start in June
- 4.7Moz Au resource & 780km2 landholding in Australia's biggest gold belt
- Market cap ~ A$112M with strong liquidity = A$20/resource oz
BLACKHAM & MATILDA STRATEGY
Blackham Strategy:
- Australia's next +100,000ozpa gold producer with EBITDA $63Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries and opportunistic bolt on acquisitions
Matilda Strategy:
- Gold production next quarter from oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Exploration focused on high grade reefs & base load ore out of Matilda and Lake Way open pits
- Huge optionality of the Wiluna sulphides - 3.3Moz @ 4.6g/t
- Working towards a sustainable long term mine plan
-- 5 year reserves & 8 years including mining inventory
-- Targeting 10 year mining inventory & long term sustainable operation
- Working on options to increase production beyond 100,000ozpa
To view the presentation, please visit:
http://abnnewswire.net/lnk/4KEY1T2J
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:
Blackham Resources Ltd
Bryan Dixon, Managing Director
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au
Tony Dawe
Professional Public Relations
T: +61-8-9388-0944