Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile

EXPLORATION TO DRIVE GROWTH - Free milling opportunities

February 2018 Presentation
February 2018 Presentation

Perth, Feb 21, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (googlechartASX:BLK) (googlechartBKHRF:OTCMKTS) provides the Company's February 2018 Presentation.

A TRANSFORMATIONAL 2018

- Matilda-Wiluna Gold Operation set to deliver strong positive operating cash flows in 2018 and beyond

- Recently commenced mining, processing and stockpiling of high grade ore

- Recent operations have demonstrated turnaround with record monthly milled tonnes (163kt) and record monthly gold production (6.5koz @ A$1,158 ASIC) in Jan'18

- Delivering a step-change in operations economics

- Re-capitalization plan successfully completed

- Meaningful long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base

- Ongoing drilling to target a "rolling" free milling mine life of at least 5 years

- Exploration and reserve drilling programmes to recommence at beginning of Mar'18 after six months of targeting work

EXPLORATION -A SIGNIFICANT DRIVER OF VALUE

- Blackham has a strong history in successful exploration adding resources at less than A$7/oz

- 4 large scale gold systems capable of sustaining a long life operation with multiple drill-ready targets

- Aiming to unlock the potential of the underexplored Wiluna Goldfield

- Our mission is to build a free milling mine life of + 5 years

- Extending reserves of known orebodies

- Discovering new orebodies

- Since June 2016:

o 1.4 million ounces added to the total resource base (1)

o 640,000 ounces added to the total reserve base(2)

- Long-life sulphide mine life beyond 9 years already demonstrated by Expansion PFS(2)

1) See ASX announcement 3rd August 2017 for further information

2) See ASX announcement 30th August 2017 for further information

AUSTRALIA'S BIGGEST GOLD BELT

- Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna

- Regional endowment > 40Moz

- Matilda/Wiluna Operation has resources and past production of >11Moz -largest mining camp in region

- High potential to grow the resource base further through additional discoveries

- Large tenement holding of >1,100km2 and 55km of strike

To view the full presentation, please visit:
http://abnnewswire.net/lnk/XI32A8WH


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

Milan Jerkovic
Chairman
Blackham Resources Limited
T: +61-8-9322-6418

Jim Malone
Investor Relations Manager
Blackham Resources Limited
T: +61-419-537-714

John Gardner
Media Enquiries
Citadel Magnus
T: +61-8-6160-4901



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