Blackham Resources Limited - WA Mining Club Presentation
28.07.2016 | ABN Newswire
Sydney - Blackham Resources Ltd (ASX:BLK) are pleased to provide the Company's latest corporate presentation at the WA Mining Club titled, "Gold, Gold to Australia, Gold".Australia's newest gold miner
- Gold mining at Matilda Gold Project commenced earlier this month
- Matilda Gold Project targeting production this quarter
- Feasibility confirms +100,000ozpa, robust economics with low risk start up strategy
- +8 year mine life across 4 large gold systems
- 5.1Moz Au resource & 780km2 landholding in Australia's biggest gold belt
- Market cap ~ A$212M with strong liquidity = A$41/resource oz
- Production expansion studies underway to better utilise the 5Moz resource
Blackham & Matilda Strategy
Blackham Strategy
- Australia's next +100,000ozpa gold producer with EBITDA $60-70Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries and opportunistic bolt on acquisitions
Matilda Strategy
Stage 1
- Gold production this quarter from oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Aggressive exploration on high grade reefs & base load oxide ore
Stage 2
- Huge optionality of the Wiluna sulphides - 3.5Moz @ 5.8g/t
- Rapidly growing long term mine plan
- +5 year reserves & +8 years including mining inventory
- Targeting 10 year mining inventory & long term operation
- Expansion options study underway to expand annual production significantly
To view the presentation, please visit:
http://abnnewswire.net/lnk/HC71X133
About Blackham Resources Ltd:
Blackham Resources Limited (ASX:BLK), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. Matilda €™s resources of 48Mt @ 3.3g/t for 5.1Moz, all within a 20km radius of its gold plant currently being re-commissioned. The Matilda Gold Project incorporates over 780 square kilometres of tenements and cover around 55 kilometres of strike along the Wiluna and Coles Find Mine Sequences. The Project has historically produced 4.3 million ounces of gold.
Contact:
Bryan Dixon Managing Director
Blackham Resources
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au
David Tasker / Tony Dawe Professional Public Relations
T: +61-8-9388-0944