The highlights include Matilda Gold production which commenced in Oct 2016, and it is expected that the production for FY'17 would be 60-70koz. The market capitalisation is A$197M with strong liquidity and A$35/resource oz. The expansion study is well advanced aiming to grow production beyond 200kozpa. Resource 6.4Moz @ 3.2g/t, 4 large scaleable gold systems &over 1,000km2 landholding. There are a few Australian gold projects capable of +200koz and long mine life.
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About Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK) (OTCMKTS:BKHRF), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.
All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.
Blackham Resources Ltd