Wiluna Mining Corporation Ltd Stock Market Press Releases and Company Profile
A Dominant Position in Australias Largest Gold Belt
A Dominant Position in Australias Largest Gold Belt

Perth, April 17, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (googlechartASX:BLK) (googlechartBKHRF:OTCMKTS) provides the Company's latest presentation titled "A Dominant Position in Australia's Largest Gold Belt".

COMPANY OVERVIEW

- Low risk free milling mine plan targeting 80koz annual production at AISC of A$l,100-l,200/oz (US$855-932/oz)

- Gold production in March 2018 quarter of 20,631oz at AISC of A$l,092/oz (US$848/oz)

- Well funded to undertake continued exploration, with advanced brownfield opportunities to strengthen and lengthen reserves -focussed on building a "rolling" five year free milling mine plan

- Strong operating cash flows targeting a net cash position by the end of 2018

- Board and management strengthened with experienced gold mining professionals

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

FOUR LARGE SCALE GOLD SYSTEMS

- Four large scale gold systems, capable of sustaining a sizeable long life operation

- Free milling resources of 22.8Mt @ 1.76g/t for 1.3Moz

- Free milling open pit mine plan is supported by Reserves of the Matilda, Galaxy and Williamson open pit mines and the Golden Age underground mine

- Golden Age underground mine plan recently extended, further extensions being targeted

- Ongoing exploration drilling targeting a "rolling" free milling open pit mine plan of at least 5 years and "rolling" underground mine plan of 6-12 months

COMPELLING INVESTMENT OPPORTUNITY

- Free-milling production plan delivering strong operational cashflow

- Strengthened balance sheet and targeting a net cash position by the end of 2018

- Well funded for exploration program to strengthen and lengthen reserves - multiple targets in multiple mineralised systems

- 1.2Moz reserves

- Dominant land position and 6.5Moz resource provides significant upside potential

- Undervalued in comparison to Australian gold producing peers

To view the full presentation, please visit:
http://abnnewswire.net/lnk/9HX1559O


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
T: +61-8-9322-6418

Bryan Dixon
Managing Director
T: +61-8-9322-6418

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

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



ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 9) (Last 30 Days: 33) (Since Published: 5835)