Institutional Roadshow Presentation February 2016
Perth, Feb 1, 2016 AEST (ABN Newswire) - Blackham Resources Limited (ASX:BLK) announce the Institutional Roadshow Presentation for February 2016.
Key Points;
- 4.7Moz Au resource & 780km2 landholding in Australia's biggest gold belt
- 1.3Mtpa plant & infrastructure unlocks value in Matilda Gold Project allowing production over 100,000oz pa
- PFS confirms Robust Economics with low risk start up strategy
- Working towards a 10 year mine life across 4 large geological systems
- Market cap ~ A$60M = A$14/resource oz & strong liquidity
- Blackham is Western Australia's next +100,000oz pa producer with production targeted mid 2016
Blackham & Matilda Strategy
Blackham Strategy
- Western Australia's next +100,000oz pa producer
- AISC A$1,100/oz. and normalised EBITDA $45Mpa
- Strengthen and lengthen reserves profile
- Growing the under head frame resources
- Game changing discoveries
- Opportunistic bolt on acquisitions
Matilda Strategy
- Mid 2016 will commence gold production on oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Exploration continues to focus on high grade reefs & base load ore out of Matilda and Williamson open pits
- Huge optionality of the Wiluna sulphides - 3.3Moz @ 4.6g/t
- PFS demonstrated East West sulphides are economic AISC < A$1,100/oz
- Mining studies a for Bulletin and Creek Shear to be included in DFS
- Working to a sustainable mine plan targeting 5 year reserves & 10 year mine inventory
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-BLK-751358.pdf
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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