(MENAFN- ABN Newswire) 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 Blackham Resources Ltd
Blackham Resources Limited (ASX:BLK), a Western Australian resources company, is focused on exploration and development at the Matilda and Williamson Gold Mines in the Wiluna gold belt of Western Australia. The Matilda Gold Project incorporates over 780 square kilometres of tenements including Regent and the Matilda and Williamson Gold Mines containing total JORC 2012 resources of 44Mt @ 3.3 g/t for 4.7 Moz ounces of gold. These tenements cover around 45 kilometres of strike along the Wiluna Mine Sequence and 10 kilometres of strike along the Coles Find Sequence. The Wiluna Mine & Coles Find Sequence has historically produced 4 million ounces of gold.
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