Blackham Resources Ltd.: February 2018 Presentation
Perth - Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's February 2018 Presentation.A TRANSFORMATIONAL 2018
- Matilda-Wiluna Gold Operation set to deliver strong positive operating cash flows in 2018 and beyond
- Recently commenced mining, processing and stockpiling of high grade ore
- Recent operations have demonstrated turnaround with record monthly milled tonnes (163kt) and record monthly gold production (6.5koz @ A$1,158 ASIC) in Jan'18
- Delivering a step-change in operations economics
- Re-capitalization plan successfully completed
- Meaningful long-term upside from dominant land position and 6.5Moz (65Mt @ 3.1g/t) resource base
- Ongoing drilling to target a "rolling" free milling mine life of at least 5 years
- Exploration and reserve drilling programmes to recommence at beginning of Mar'18 after six months of targeting work
EXPLORATION -A SIGNIFICANT DRIVER OF VALUE
- Blackham has a strong history in successful exploration adding resources at less than A$7/oz
- 4 large scale gold systems capable of sustaining a long life operation with multiple drill-ready targets
- Aiming to unlock the potential of the underexplored Wiluna Goldfield
- Our mission is to build a free milling mine life of + 5 years
- Extending reserves of known orebodies
- Discovering new orebodies
- Since June 2016:
o 1.4 million ounces added to the total resource base (1)
o 640,000 ounces added to the total reserve base(2)
- Long-life sulphide mine life beyond 9 years already demonstrated by Expansion PFS(2)
1) See ASX announcement 3rd August 2017 for further information
2) See ASX announcement 30th August 2017 for further information
AUSTRALIA'S BIGGEST GOLD BELT
- Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/Wiluna Operation has resources and past production of >11Moz -largest mining camp in region
- High potential to grow the resource base further through additional discoveries
- Large tenement holding of >1,100km2 and 55km of strike
To view the full presentation, please visit:
http://abnnewswire.net/lnk/XI32A8WH
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:
Milan Jerkovic Chairman
Blackham Resources Ltd.
T: +61-8-9322-6418
Jim Malone Investor Relations Manager
Blackham Resources Ltd.
T: +61-419-537-714
John Gardner Media Enquiries Citadel Magnus
T: +61-8-6160-4901
