|
Blackham Resources Ltd (ASX:BLK) London International Roadshow Presentation
|
Blackham Resources Limited (ASX:BLK) (FRA:NZ3) (OTCMKTS:BKHRF) are pleased to provide the London International Roadshow Presentation November 2019.
Summary
- Free-milling production delivering strong operational cash flow. Operational Improvements are now being consolidated with strong Sep'19 quarter and Oct'19 performance expected to continue throughout the financial year
- Balance sheet improvement continuing
- Completed "right sizing" of mining, cost cutting initiatives and operational improvements
- Low cost, low risk, near-term interim expansion to initial 100-120koz pa gold production, initial 6 year mine life and targeting +10 years
- Allows Blackham to focus on mining its highest margin reserves with flexibility to process free milling and sulphide ores
- An opportunity remains to extend open pit mine life and convert large underground Resources (18.5Mt @ 4.8g/t Au for 2.9Moz) into Reserves
- Pathway to ~250,000 oz pa with low operating cost and long mine life in a Tier 1 mining jurisdiction To view the presentation, please visit: https://abnnewswire.net/lnk/029TYEL7
Milan Jerkovic
Executive Chairman
Office: +61-8-9322-6418
Jim Malone
Investor Relations
Mobile: +61-419-537-714
|
|