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Blackham Resources Limited: Australian Gold Producer with Exceptional Growth Opportunity

07.06.2017  |  ABN Newswire
Perth - Blackham Resources Ltd. (ASX:BLK) (OTCMKTS:BKHRF) is pleased to provide the Company's latest Presentation at AMEC Conference in Perth.

Gold producer with exceptional growth opportunity

- Matilda/Wiluna Gold production commenced in Oct' 2016 and production ramping up
- Market cap ~ A$107M with strong liquidity ~ A$17/resource oz
- Resource 6.4Moz @ 3.2g/t, 4 large scale gold systems &over 1,000km2 landholding
- Preliminary Expansion study confirms plan to grow production beyond 200kozpa with long mine life

Australia's biggest gold belt

- In Australia's largest gold belt stretching from Norseman through Kalgoorlie to Wiluna
- Regional endowment > 40Moz
- Matilda/WilunaOperation 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 again

Mill throughput increased
- Wiluna mill throughput has increased every month
- Weather impact throughput during Feb-Apr'17
- Record May'17 throughput 151,000t = 1.8Mtpa annualised (DFS 1.7Mtpa)

Grade profile increasing after rainfall impacting supply of high grade ore
- High rainfall resulted in low grade stockpiles representing 8% of April and 29% of May plant feed
- M4 and Galaxy expected to provide better grade profile
- M4 & Galaxy ore structures are visible in the pits
- First Golden Age tonnes expected to increase during June

Gold production increasing

- Record May throughput 151,000t = 1.8Mtpa annualised (nameplate 1.7Mtpa)
- Low grade stockpiles made up 8% of April and 29% of May plant feed
- Record open pit material movements for May'17 confirms targeted open pit mining rates
- Increased M4, Galaxy and Golden Age tonnes during Jun'17 to Dec'17 is expected to provide better mill head grade profile
- Record gold production in May'17 expected to be beaten in Jun'17
- FY'17 Gold Production guidance 40-42,000oz for ~ 8 months production

To view the full presentation, please visit:
http://abnnewswire.net/lnk/SW0BFUH0



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:

Blackham Resources Ltd.
T: +61-8-9322-6418
F: +61-8-9322-6398
www.blackhamresources.com.au

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