Wiluna Mining Corporation Ltd: Sulphide Development Update

Perth, Australia - Wiluna Mining Corp. Limited (ASX:WMX) (FRA:NZ3) (OTCMKTS:WMXCF) is pleased to provide an update on the progress of its staged sulphide development.

The staged development will see the Company transition from its current production profile of producing 62kozpa from mining free milling ore through the current 2.1 Mtpa CIL processing facility, initially producing 100kozpa-120kozpa of gold and gold in concentrate.

This will be implemented using the current, recently refurbished crushing circuit, the previously expanded mill circuit and a new 750ktpa concentrator by October 2021. The Company then intends to increase production of gold and gold in concentrate by, at a minimum, doubling the mining rate and the concentrator to produce circa 250kozpa by the end of 2023/early 2024.

HIGHLIGHTS

- Board approves Stage 1 sulphide development including concentrator construction

- GR Engineering to be appointed EPC contractor for Stage 1 of concentrator development programme

- Mine development and dewatering in progress and on schedule

- Significant progress on Stage 1 infrastructure design

- Approvals on track or in place

- Stage 2 Feasibility Studies progressing

Since our last quarterly report several significant milestones have been met. At our most recent Board meeting the Directors of Wiluna Mining approved the concentrator construction works. This includes the Company entering an EPC contract with GR Engineering Services Limited ("GRES").

Top view the key dates for this contract and construction program and full detail of operations, please visit:
https://abnnewswire.net/lnk/UL6E5EDX

About Wiluna Mining Corporation Ltd:

Wiluna Mining Corp. (ASX:WMX) (OTCMKTS:WMXCF) is a Perth based, ASX listed gold mining company that controls over 1,600 square kilometres of the Yilgarn Craton in the Northern Goldfields of WA. The Yilgarn Craton has a historic and current gold endowment of over 380 million ounces, making it one of most prolific gold regions in the world. The Company owns 100% of the Wiluna Gold Operation which has a defined resource of 6.4 Moz at a grade of 2.1 g/t Au. In May 2019, a new highly skilled management team took control of the Company with a clear plan to leverage the Wiluna Gold Operation's multi-million-ounce potential.

Source:
Wiluna Mining Corp. Ltd

Contact:

Milan Jerkovic Executive Chair +61 8 9322 6418 Jim Malone General Manager Investor Relations +61 419 537 714 Dannika Warburton Media & Communications +61 401 094 261