Perth - Blackham Resources (ASX:BLK) recently commenced gold production at their Matilda Gold Project located in Wiluna, Western Australia. We have increased our valuation to $1.87 / share, with the major driver being the potential expansion of the processing facility that could see gold production increase to more than 180,000oz pa. The company is due to release the results of the expansion study in late 16 / early 17. Other factors we discuss include:
- Production & mine life assumptions;
- Underground mined grades;
- Gold price;
- Capital and operating cost assumptions; and
- Discount rate.
This information is general information only. Any advice is general advice only. Neither your personal objectives, financial situation or needs have not been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. Adam Kiley (AR No. 458224) is an authorised representative of Intelligent Financial Markets Pty Ltd (AFSL No. 426359).
To view the video, please visit:
http://www.abnnewswire.net/press/en/85334/blackham
About Blackham Resources Ltd:
Blackham Resources Limited (ASX:BLK), is an emerging gold producer focused on its Matilda Gold Project in Western Australia where mining and production is imminent. Matilda ™s resources of 48Mt @ 3.3g/t for 5.1Moz, all within a 20km radius of its gold plant currently being re-commissioned. The Matilda Gold Project incorporates over 780 square kilometres of tenements and cover around 55 kilometres of strike along the Wiluna and Coles Find Mine Sequences. The Project has historically produced 4.3 million ounces of gold.
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Source: Blackham Resources Ltd / The Sophisticated Investor
Contact:
Adam Kiley Director
TSI Capital Pty Ltd
M: +61 404 945 234
adam.kiley@tsicapital.com.au
www.thesophisticatedinvestor.com.au
