Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
Presentation at RIU Sydney Conference May 2016
Presentation at RIU Sydney Conference May 2016

Perth, May 10, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (googlechartASX:BLK) are pleased to provide the Company's presentation for the RIU Conference May 2016, in Sydney.

NEAR TERM GOLD PRODUCER WITHIN MONTHS

- +100,000ozpa Matilda Gold Project targeting production by Sept 2016 quarter

- Feasibility confirms robust economics with low risk start up strategy

NPV7% 195M, IRR 155%, Payback 11mths, EBITDA +$63Mpa

- 8 year mine life, aiming for 10 years across 4 large geological systems

- Refurbishment of gold plant well advanced

- Mining expected to start in June

- 4.7Moz Au resource & 780km2 landholding in Australia's biggest gold belt

- Market cap ~ A$112M with strong liquidity = A$20/resource oz

BLACKHAM & MATILDA STRATEGY

Blackham Strategy:

- Australia's next +100,000ozpa gold producer with EBITDA $63Mpa

- Strengthen and lengthen reserves profile

- Game changing discoveries and opportunistic bolt on acquisitions

Matilda Strategy:

- Gold production next quarter from oxides & high grade free milling reefs

- Low risk start up with soft free milling ore will be used to repay debt

- Exploration focused on high grade reefs & base load ore out of Matilda and Lake Way open pits

- Huge optionality of the Wiluna sulphides - 3.3Moz @ 4.6g/t

- Working towards a sustainable long term mine plan

-- 5 year reserves & 8 years including mining inventory

-- Targeting 10 year mining inventory & long term sustainable operation

- Working on options to increase production beyond 100,000ozpa

To view the presentation, please visit:
http://abnnewswire.net/lnk/4KEY1T2J


About Wiluna Mining Corporation Ltd

Wiluna Mining Corporation LtdWiluna 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.

https://twitter.com/wilunamining/ https://www.facebook.com/wilunamining/ https://www.linkedin.com/company/wilunamining abnnewswire.com 


Contact

Bryan Dixon
Managing Director
Blackham Resources
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au

Tony Dawe
Professional Public Relations
T: +61-8-9388-0944



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