Presentation Sydney RIU Conference
Perth, May 10, 2017 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) (BKHRF:OTCMKTS) is pleased to provide the Company's latest Presentation at Sydney RIU Conference.
Gold producer with exceptional growth opportunity
- Matilda/Wiluna Gold production commenced in Oct' 2016 and production ramping up
- Market cap ~ A$l 18M with strong liquidity ~ A$19/resource oz
- Resource 6.4Moz @ 3.2g/t, 4 large scaleable gold systems & over 1,000km2 landholding
- Preliminary Expansion study confirms plan to grow production beyond 200kozpa with long mine life
Blackham's mid tier producer ambitions
Wiluna Expansion Study confirms +200kozpa long mine life opportunity
Preliminary Expansion Study Highlights
Planning for Stage 2B combined processing capacity of 3.2Mtpa and to maintain +200,000ozpa gold production
- Targeted Production 1.3AAtpa over 9 year and growing
o Base load Open Pit Mining Inventory 14AAt @ 2.0g/t for 890koz
o High grade Underground Mining Inventory 4Mt @ 4.9g/t for 630koz o Total Mining Inventory 18Mt @ 2.7g/t for 1.52Moz
- LOM All in sustaining costs A$1,170/oz or US$860/oz
- Stage 2A Capital $24.9M for circa 0.75Mtpa
- Stage 2B Capital $80.5M for combined capacity 3.2Mtpa
Wiluna Expansion Study confirms +200kozpa long mine life opportunity
Preliminary Expansion Study Highlights
- Staged pathway to a flexible processing facility capable of unlocking the value of the both oxide and sulphide resources
- Combined oxide/sulphide operation has the ability to produce over 200,000oz Au per annum with a long mine life
- Completed 49,000m Wiluna open pit resource and reserve drilling programme has the potential to strengthen and lengthen the base load reserves profile
- Wiluna underground has 23Mt @ 4.7g/t for 3.3Moz outside the mine plan with the economics still to be fully evaluated which will include assessing at bulk mining opportunities.
- Ability to finance expansion capital out of Stage 1 cash flow and debt re-sizing
Blackham's Matilda/Wiluna Vision
- Gold production ramping up
- Preliminary expansion study confirms capital efficient production growth to 200-240kozpa (Stage 2)
- Gold producer with large scale gold systems, 6.4Moz resource and long mine life potential
To view the full presentation, please visit:
http://abnnewswire.net/lnk/13Q983ID
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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