Perth, Oct 27, 2016 AEST (ABN Newswire) - 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).
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About Wiluna Mining Corporation Ltd
Wiluna Mining Corporation (ASX:WMC) (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 8.04M oz at 1.67 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.
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