Presentation AMEC Conference Perth
Perth, June 7, 2017 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) (BKHRF:OTCMKTS) is pleased to provide the Company's latest Presentation at AMEC Conference in Perth.
Gold producer with exceptional growth opportunity
- Matilda/Wiluna Gold production commenced in Oct' 2016 and production ramping up
- Market cap ~ A$107M with strong liquidity ~ A$17/resource oz
- Resource 6.4Moz @ 3.2g/t, 4 large scale gold systems &over 1,000km2 landholding
- Preliminary Expansion study confirms plan to grow production beyond 200kozpa with long mine life
Australia's biggest gold belt
- In Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/WilunaOperation has over 11Moz endowment including >4.3Moz of past production -largest endowment in region
- Positioned economic development of existing resources and new discoveries
Gold production increasing again
Mill throughput increased
- Wiluna mill throughput has increased every month
- Weather impact throughput during Feb-Apr'17
- Record May'17 throughput 151,000t = 1.8Mtpa annualised (DFS 1.7Mtpa)
Grade profile increasing after rainfall impacting supply of high grade ore
- High rainfall resulted in low grade stockpiles representing 8% of April and 29% of May plant feed
- M4 and Galaxy expected to provide better grade profile
- M4 & Galaxy ore structures are visible in the pits
- First Golden Age tonnes expected to increase during June
Gold production increasing
- Record May throughput 151,000t = 1.8Mtpa annualised (nameplate 1.7Mtpa)
- Low grade stockpiles made up 8% of April and 29% of May plant feed
- Record open pit material movements for May'17 confirms targeted open pit mining rates
- Increased M4, Galaxy and Golden Age tonnes during Jun'17 to Dec'17 is expected to provide better mill head grade profile
- Record gold production in May'17 expected to be beaten in Jun'17
- FY'17 Gold Production guidance 40-42,000oz for ~ 8 months production
To view the full presentation, please visit:
http://abnnewswire.net/lnk/SW0BFUH0
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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