Blackham Resources

Website: www.blackhamresources.com
Primary ticker: ASX:BLK
Stage of development: Production
Primary minerals: Gold
Project to promote: Wiluna

Live financials

Current operation focused on safely and consistently mining & processing

2Mtpa free milling ore at reduced costs

Focused on a debt reduction and balance sheet enhancement program

FY19 production of 65.4koz @ AISC of A$1,760/oz

FY20 guidance 70k-80koz @ AISC of A$1,550-1,750/oz

Transitioning to a low capex, low risk sulphide mining & tailings retreatment operation at ~100-120koz pa production

+1,600 km2 of tenure & 55 km of strike across four large gold systems in Australia’s biggest gold belt

Resources 96 Mt @ 2.2 g/t for 6.7Moz Au (58% Indicated), Reserves 26 Mt @ 1.8 g/t for 1.5Moz Au

Potential for large scale sulphide operation in the future

Experienced Board and renewed Management team

Management Profile

Milan Jerkovic – Executive Chairman

Mr Jerkovic is a qualified geologist with postgraduate qualifications in mining & mineral economics and over 30 years of experience in the mining industry involving resource evaluation, operations, financing, acquisition, project development and general management. Mr Jerkovic was previously the CEO of Straits Resources Limited and has held positions with WMC, BHP, Nord Pacific, Hargraves, Tritton and Straits Asia Resources (as founding Chairman). Milan is a Fellow of the AIMM and a member of the Australasian Institute of Company Directors. Mr Jerkovic is Chairman of the BLK Audit and Risk Committee and a member of the BLK Remuneration and Nomination Committee.


What is your rationale for attending 121 Mining Investment?

Looking to find US institutional shareholders


What recent news would you like to highlight to investors attending?

The Redevelopment of the Company


What are your key goals for the next 3, 6 and 12 months?

3 Months:

Clean up balance sheet and have a good quarter

6 Months:

Two good quarters and transitioning to production of a concentrate

12 Months:

Concentrate production and developing Stage 2 of sulphide production


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Continuous steady state production – transitioning to sulphides


In a sentence, what do you think makes your company such a compelling investment?

Currently undervalued