Blackham Resources Ltd: AGM Presentation 2017
Perth - Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's AGM Presentation 2017.Well funded Gold producer with exceptional growth opportunity
- Gold producer
o Gold production commenced in Oct' 2016
o 55,031 oz to Sep' 17 (over ~ 11 months)
o 1.8Mtpa Free Milling Processing Plant with Extensive Infrastructure
o >3.5 years of free milling reserves with further extension and targets
- Defined geological opportunity
o Part of Australia's largest gold belt with an endowment of 40Moz
o JORC Resources of 65Mt @ 3.1 g/t for 6.5Moz
o Resources have been delineated at a cost of $7/resource oz
o 4 large scale gold systems & over 1,100km2 of landholding
o All gold resources < 20km radius of the central processing plant
- Robust expansion plan
o Expansion PFS confirms robust economics for a 200kozpa long life mining operation
o Production of 1.5Moz Au over the initial 9 years
o First 6 years after expansion production averages 207,000ozpa
o NPV8% of $360M with a LOM AISC A$1,058/oz or US$836/oz
- Australia's biggest gold belt
o In Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
o Regional endowment > 40Moz
o Matilda/Wiluna Operation has an 11 Moz endowment including >4.3Moz of past production - largest endowment in region
o Positioned economic development of existing resources and new discoveries
To view full presentation, please visit:
http://abnnewswire.net/lnk/06WS3TJL
About Blackham Resources Ltd:
Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF), 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
Office: +61-8-9322-6418
Jim Malone Investor Relations
Blackham Resources Ltd.
Office: +61-419-537-714
John Gardner Media Enquiries Citadel Magnus
Office: +61-8-6160-4901
