Presentation Diggers and Dealers Aug 2017
Perth, Aug 7, 2017 AEST (ABN Newswire) - Blackham Resources Ltd (
ASX:BLK) (BKHRF:OTCMKTS) provides the Company's latest Presentation at Diggers and Dealers Forum titled "Australian gold producer with exceptional growth opportunity".
Gold producer with exceptional growth opportunity
- Matilda/Wiluna Gold production commenced in Oct' 2016
- FY17 Gold production 39,400oz
- Market cap ~ A$13/resource oz with strong liquidity
- Resource 6.2Moz @ 3.1g/t, 4 large scale gold systems & over 1,000 km2 landholding (see Note 1)
- +3 years worth of oxide reserves
- Initial Expansion Study confirmed plan to grow production beyond 200kozpa with long mine life (see Note 2)
Australia's biggest gold belt
- In Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/Wiluna Operation 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
Sept'17 Qtr gold production stronger
- Targeting throughput 450,000t for Sep'17 Qtr
- Low grade stockpiles made up 25% Jun'17 Qtr plant feed
- Open pit high grade ore for Jul'17 1.6g/t Au
- Grade control ore models reconciled with in 2% of the milled grade for FY17.
- 80% of the FY18 years mining ore has been grade controlled
Costs per ounce decreasing
- Stripping ratio in FY17 14:1 reducing to 6.4:1 in FY18
- Mining costs per BCM and processing cost per tonne in line with DFS
Notes:
1) Refer to ASX release dated 3rd August 2017
2) Refer to ASX release dated 8th May 2017
To view the full presentation, please visit:
http://abnnewswire.net/lnk/HYO9OE72
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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