Next Investors logo grey

Blackham’s Matilda gold project grows to over 5 million ounces

Published 27-JUN-2016 16:40 P.M.


1 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Set to start mining gold in 3 weeks, gold junior Blackham Resources (ASX:BLK) has expanded its Matilda gold project to over 5 million ounces.

An opportune time for BLK to make this announcement and step into production phase as the price of gold reaches close to its all-time high of $1802.3 set back in September 6th 2011, with gold currently A$1,792.21 p/oz at time of writing.

With recent resource estimates targeting mineralisation along the Moonlight Shear zone has been completed, the Moonlight Shear deposit now stands at 2.6Mt @ 4.6g/t for 381,999oz Au (10% of which is indicated), with the entire Matilda gold project upgraded to [email protected]/t for 5.1Moz (48% indicated).

A breakdown of BLK’s Matilda Gold Project resources:

BLK Matilda chart gold

The Moonlight Shear deposit is less than two kilometres from BLK’s 100% owned gold plant, allowing BLK to keep its cost of production low.

Open pit and underground mining studies have commenced at BLK’s Adelaide, Moonlight, Lone Hand, Semaphore and Indigo Lodes deposits, with the view of extending the mine life beyond 8 years.

BLK’s Managing Director, Mr Bryan Dixon commented:

“Blackham is delighted to have put together over 5Moz of resource all within a 20 kilometre radius of the Wiluna Gold Plant. Mining studies have commenced over the Moonlight resources. Our exploration team see significant potential along this 2km long underexplored shear. ”

Full funded and mining set to begin next month, BLK is on track to be Australia’s next gold producer. With the first gold pour scheduled for September 2016.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.