Blackham Resources Limited: A Dominant Position in Australia's Largest Gold Belt
Perth - Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest presentation titled "A Dominant Position in Australia's Largest Gold Belt".COMPANY OVERVIEW
- Low risk free milling mine plan targeting 80koz annual production at AISC of A$1,100-1,200/oz (US$855-932/oz)
- Gold production in March 2018 quarter of 20,631oz at AISC of A$1,092/oz (US$848/oz)
- Well funded to undertake continued exploration, with advanced brownfield opportunities to strengthen and lengthen reserves -focussed on building a "rolling" five year free milling mine plan
- Strong operating cash flows targeting a net cash position by the end of 2018
- Board and management strengthened with experienced gold mining professionals
- Outstanding long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base
COMPELLING INVESTMENT OPPORTUNITY
- Free-milling production plan delivering strong operational cashflow
- Strengthened balance sheet and targeting a net cash position by the end of 2018
- Well funded for exploration program to strengthen and lengthen reserves - multiple targets in multiple mineralised systems
- 1.2Moz reserves
- Dominant land position and 6.5Moz resource provides significant upside potential
- Undervalued in comparison to Australian gold producing peers
To view the full presentation, please visit:
http://abnnewswire.net/lnk/5X7HPDAJ
About Blackham Resources Ltd:
Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.
All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.
Contact:
Blackham Resources Ltd.
Milan Jerkovic Executive Chairman
T: +61-8-9322-6418
Bryan Dixon Managing Director
T: +61-8-9322-6418
Jim Malone Investor Relations
T: +61-419-537-714
John Gardner Media Enquiries Citadel Magnus
T: +61-8-6160-4901