WA Mining Club Presentation
Sydney, July 28, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) are pleased to provide the Company's latest corporate presentation at the WA Mining Club titled, "Gold, Gold to Australia, Gold".
Australia's newest gold miner
- Gold mining at Matilda Gold Project commenced earlier this month
- Matilda Gold Project targeting production this quarter
- Feasibility confirms +100,000ozpa, robust economics with low risk start up strategy
- +8 year mine life across 4 large gold systems
- 5.1Moz Au resource & 780km2 landholding in Australia's biggest gold belt
- Market cap ~ A$212M with strong liquidity = A$41/resource oz
- Production expansion studies underway to better utilise the 5Moz resource
Blackham & Matilda Strategy
Blackham Strategy
- Australia's next +100,000ozpa gold producer with EBITDA $60-70Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries and opportunistic bolt on acquisitions
Matilda Strategy
Stage 1
- Gold production this quarter from oxides & high grade free milling reefs
- Low risk start up with soft free milling ore will be used to repay debt
- Aggressive exploration on high grade reefs & base load oxide ore
Stage 2
- Huge optionality of the Wiluna sulphides - 3.5Moz @ 5.8g/t
- Rapidly growing long term mine plan
- +5 year reserves & +8 years including mining inventory
- Targeting 10 year mining inventory & long term operation
- Expansion options study underway to expand annual production significantly
To view the presentation, please visit:
http://abnnewswire.net/lnk/HC71X133
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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