Blackham Resources Ltd.: Australian Gold Producer with Exceptional Growth Opportunity
27.03.2017 | ABN Newswire
Perth - Blackham Resources Ltd (ASX:BLK) (OTCMKTS:BKHRF) is pleased to provide the Company's latest Presentation.Gold producer with exceptional growth opportunity
- Matilda Gold production commenced in Oct 2016 and production ramping up
- Market cap ~ A$187M with strong liquidity ~ A$29/resource oz
- Resource 6.4Moz @ 3.2g/t, 4 large scaleable gold systems &over 1,000km2 landholding
- Initial Expansion study nearing completion aiming to grow production beyond 200kozpa
- Few Australian gold projects capable of +200koz with long mine life
Blackham Strategy
- Strengthening and lengthening reserves profile
- Game changing discoveries & opportunistic bolt on acquisitions
Matilda -Stage 1 ~100,000ozpa
- Gold production started from oxides & high grade free milling reefs
- Soft free milling ore will be used build balance sheet
- Exploration on high grade reefs & base load oxide ore
- Rapidly growing long term mine plan
Matilda & Wiluna-Stage 2 +200,000ozpa
- Additional ore feed from Wiluna sulphides -5.1Moz @ 3.9g/t
- Additional milling capacity to supply the existing sulphide circuit
- Wiluna open pit resource success underpins expansion plan
- Open pit mining and processing studies in progress
- Expansion study aimed at expanding production to +200kozpa
Blackham's Matilda/Wiluna Vision
- Gold production currently being ramped up
- Gold producer with scaleable resources and potential of long mine life
- High margins and returns for shareholders
- Initial expansion study aimed at growing production to ~ 200-240kozpa to better monetise the 6.4Moz resource nearing completion
To view the full presentation, please visit:
http://abnnewswire.net/lnk/J73BA39M
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:
Blackham Resources Ltd
T: +61-8-9322-6418
F: +61-8-9322-6398
www.blackhamresources.com.au