Blackham Resources Ltd - AMEC Conference Presentation
09.06.2016 | ABN Newswire
Perth - Blackham Resources Ltd (ASX:BLK) are pleased to provide the latest Company presentation at the AMEC Conference titled, 'Matilda Gold Production Next Quarter'.Blackham Strategy
- Australia's next +100,000ozpa gold producer with EBITDA $63Mpa
- Strengthen and lengthen reserves profile
- Game changing discoveries and opportunistic bolt on acquisitions
Matilda Gold Project an embarrassment of riches:
- Resource 45Mt @ 3.3 g/t for 4.8Moz Au -50% indicated resource level
- Reserves 6.4Mt @ 2.5 g/t for 517,000oz Au
- Consolidated Wiluna goldfield with all deposits within 20km of plant
- Mix of open pit & high grade UG ore
- +780km2of tenure & 55km of strike
- 4 large geological systems -3 are under explored
- Averaged gold production of 101,000ozpa over the last 27 years of operations
Near Term Gold Producer Within Months
- +100,000ozpa Matilda Gold Project targeting production by Sept 2016 quarter
- Feasibility confirms robust economics with low risk start up strategy
- NPV7% 195M, IRR 155%, Payback 11mths, EBITDA +$63Mpa
- 8 year mine life, aiming for 10 years across 4 large geological systems
- Refurbishment of gold plant well advanced
- 4.8Moz Au resource & 780km2landholding in Australia's biggest gold belt
- Market cap ~ A$119M with strong liquidity = A$22/resource oz
- Gold production forecast at 25,000oz in Dec 2016 Quarter
To view the presentation, please visit:
http://abnnewswire.net/lnk/KZ4N8MS2
About Blackham Resources Ltd:
Blackham Resources Limited (ASX:BLK), a Western Australian resources company, is focused on exploration and development at the Matilda and Williamson Gold Mines in the Wiluna gold belt of Western Australia. The Matilda Gold Project incorporates over 780 square kilometres of tenements including Regent and the Matilda and Williamson Gold Mines containing total JORC 2012 resources of 44Mt @ 3.3 g/t for 4.7 Moz ounces of gold. These tenements cover around 45 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine & Coles Find Sequence has historically produced 4 million ounces of gold.
Contact:
Bryan Dixon, Managing Director
Blackham Resources
T: +61-8-9322-6418
E: info@blackhamresources.com.au
www.blackhamresources.com.au
Tony Dawe, Professional Public Relations
T: +61-8-9388-0944
