Blackham Resources Ltd: Investor Presentation
Perth, Australia - Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) provides the Company's latest Investor Presentation.COMPANY OVERVIEW
- Blackham's Matilda-Wiluna Gold Operation has 4.4Moz of historical production
- +1,440km2 of tenure & 55km of strike in Australia's biggest gold belt - the Norseman - Kalgoorlie - Wiluna belt
- Four separate large gold systems, with good mix of base load open pit & high grade underground ore reserves
- Resources 96Mt @ 2.2 g/t for 6.7Moz Au(1) (58% Indicated)
- Reserves 26Mt @ 1.8 g/t for 1.5Moz Au(2) with 91%
- Operational stability attained - 59koz Jan-Sep'18 at A$1,380/oz AISC
- Production of 77-89koz targeted for FY2019 at AISC of A$1,250/oz- A$1,450/oz (US$940/oz-US$1,088/oz)
- Very capital efficient step-change to > 200kozpa production
- Expansion PFS highlighted - gold production avg 207kozpa life of mine AISC A$1,058 (US$836)
- Very experienced Board and Management team
(1) Refer to ASX release dated 13 September 2018
(2) Refer to ASX release dated 31 October 2018
A COMPELLING INVESTMENT OPPORTUNITY
- Free-milling production delivering operational cashflow
- Balance sheet significantly strengthened over last 11 months
- 1.5Moz reserves (26Mt @ 1.8g/t Au) with long mine life ~ A$47/reserve oz
- Significant opportunity to extend open pit mine life and convert large underground resources into reserves
- Exploration programmes continue to strengthen and lengthen reserves
- Outstanding long-term upside from dominant land position and 6.7Moz (96Mt @ 2.2g/t Au - 68% indicated) resource with well defined geology
- Very strong Board and Management team
To view the full presentation, please visit:
http://abnnewswire.net/lnk/86S7G6TZ
About Blackham Resources Ltd:
Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) Wiluna-Matilda Gold Operation is located in Australia's largest gold belt which stretches from Norseman through Kalgoorlie to Wiluna. The Operation now includes resources of 96Mt @ 2.2g/t for 6.7Moz Au all within 20kms of the central processing facility. Blackham has consolidated the entire Wiluna Goldfield within a +1,100km2 tenement package which has historically produced in excess of 4.4 million ounces over a 120-year mining history.
Source:
Blackham Resources Ltd.
Contact:
Milan Jerkovic Executive Chairman Office: +61-8-9322-6418 Bryan Dixon Managing Director Office: +61-8-9322-6418 Jim Malone Investor Relations Manager Mobile: +61-419-537-714 John Gardner Media Enquiries Citadel Magnus Office: +61-8-6160-4901
