Precious Metals Symposium Presentation
Perth, Oct 10, 2016 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) is pleased to provide the latest Company presentation at the Precious Metals Symposium, October 2016.
Matilda Progress to date
- Mar 2014, acquired gold plant and mine and consolidated the Wiluna Goldfield
- Dec 2014, scoping study -Mineral Inventory 5.0Mt @ 2.8g/t for 454,000oz Au
- June 2015, BLK completed $38.5M deal with Orion Mine Finance
- DFS published in Feb 2016 and improved to June 2016
- Mine Plan9.3Mt @ 2.9g/t for 873,000oz Au
- Reserves 7.0Mt @ 2.5g/t for 560,000oz Au
- Very strong conversion of Mineral Plan to Reserves to date
- 5.1Moz of resource (48% indicated) -acquisition and exploration cost of <$6/oz
- June 2016 approvals & July 2016 Mining commenced
- Sept 2016 commissioning gold plant
- Gold production expected ~ 15 months after receiving the Orion funding deal
Matilda Development & Operating Plan
- Commencing safe efficient production this quarter
- Continue to improve and optimise operations and mine plan
- Further reserve upgrades expected with >4Moz resource outside the mine plan
- Finalise expansion plans to fully utilise vast and diversified resource base
Blackham's Matilda Vision
- Gold production imminent
- Gold producerwithlong mine life from limited drilling
- High margins and returns for shareholders
- Expansion study underway aiming to grow production to 175-230kozpa to better monetarise the 5.1Moz resource
To view the presentation, please visit:
http://abnnewswire.net/lnk/A5TN84PA
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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