BLK Presentation Mining 2016 Brisbane
Perth, Aug 24, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) are pleased to provide the latest Presentation at the Mining 2016 Conference including an update on the Company's projects.
Matilda progress to date
- Mar 2014, acquired gold plant and mine and consolidated the Wiluna Goldfield
- Dec 2014, scoping study - Mineral Inventory 5.0Mt @ 2.8g/t for 454,000oz Au
- June 2015, BLK completed $38.5M deal with Orion Mine Finance
- DFS published in Feb 2016 and improved to June 2016
-- Mineral Inventory: 9.3Mt @ 2.9g/t for 873,000oz Au
-- Reserves: 7.0Mt @ 2.5g/t for 560,000oz Au
-- Very strong conversion of Mineral Inventory to Reserves
-- DFS completed within 7 months of receiving the funds from the Orion deal
- 5.1Moz of resource (48% indicated) - acquisition and exploration cost of >$6/oz
- June 2016 approvals & July 2016 Mining commenced
Matilda Development & Operating Plan
- Commencing safe efficient production this quarter
- Continue to improve and optimise operations and mine plan
- Further reserve upgrades expected with >4Moz resource outside the mine plan
- Finalise expansion plans to fully utilise vast and diversified resource base
To view tables and figures, please visit:
http://abnnewswire.net/lnk/85OZJMD1
About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMC) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 8.04M oz at 1.67 g/t au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.
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