A Dominant Position in Australia's Largest Gold Belt
Perth, May 8, 2018 AEST (ABN Newswire) - Blackham Resources Ltd (ASX:BLK) (BKHRF: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$1,100-1,200/oz (US$855-932/oz)
- Gold production in March 2018 quarter of 20,631oz at AISC of A$1,092/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
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/5X7HPDAJ
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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