Blackham Resources Ltd.: Presentation at Diggers and Dealers Forum
Perth - Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest Presentation at Diggers and Dealers Forum titled "Australian gold producer with exceptional growth opportunity".Gold producer with exceptional growth opportunity
- Matilda/Wiluna Gold production commenced in Oct' 2016
- FY17 Gold production 39,400oz
- Market cap ~ A$13/resource oz with strong liquidity
- Resource 6.2Moz @ 3.1g/t, 4 large scale gold systems & over 1,000 km2 landholding (see Note 1)
- +3 years worth of oxide reserves
- Initial Expansion Study confirmed plan to grow production beyond 200kozpa with long mine life (see Note 2)
Australia's biggest gold belt
- In Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/Wiluna Operation has over 11Moz endowment including >4.3Moz of past production -largest endowment in region
- Positioned economic development of existing resources and new discoveries
Gold production increasing
Sept'17 Qtr gold production stronger
- Targeting throughput 450,000t for Sep'17 Qtr
- Low grade stockpiles made up 25% Jun'17 Qtr plant feed
- Open pit high grade ore for Jul'17 1.6g/t Au
- Grade control ore models reconciled with in 2% of the milled grade for FY17.
- 80% of the FY18 years mining ore has been grade controlled
Costs per ounce decreasing
- Stripping ratio in FY17 14:1 reducing to 6.4:1 in FY18
- Mining costs per BCM and processing cost per tonne in line with DFS
Notes:
1) Refer to ASX release dated 3rd August 2017
2) Refer to ASX release dated 8th May 2017
To view the full presentation, please visit:
http://abnnewswire.net/lnk/HYO9OE72
About Blackham Resources Ltd:
Blackham Resources Ltd. (ASX:BLK), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. The Matilda/Wiluna Gold Operation incorporates over 1,000 square kilometres of tenements containing total JORC 2012 resources of 63Mt @ 3.2 g/t for 6.4Moz of gold. These tenements cover around 55 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine and Coles Find Sequence has historically produced 4 million ounces of gold.
All the deposits are within 26 kilometres by existing haul roads of Blackhams recently acquired Gold Plant. With exploration prospects at Mt Poole, Monarch, Carroll Prior, Red Lady, Zenith, Island and Albion in the Lakeway area provides the company with excellent exploration areas for potential future projects.
Contact:
Bryan Dixon Managing Director
Blackham Resources Ltd.
Office: +61-8-9322-6418
Bruce Kendall Chief Geological Officer
Blackham Resources Ltd.
Office: +61-8-9322-6418
Jim Malone Investor Relations Manager
Blackham Resources Ltd.
Office: +61-8-9322-6418
