News Articles for Wiluna Mining Corporation

Blackham Resources looks set to add another revenue stream at Wiluna by striking a deal with ASX-listed GWR Group to mine their neighboring West Wiluna gold deposits on a profit share arrangement. The West Wiluna gold project, just 40kms from Blackham's newly recommissioned Wiluna gold plant, contains an estimated gold resource of more than 250,000 ounces.

Blackham Resources dogged determination to more than double their predicted gold production to 200,000 ounces p/a via a sustained exploration program is attracting the attention of the gold bulls with the company's stock soaring 75% since the start of 2017. This week Blackham announced another resource upgrade from 6m ounces to 6.4mounces in Wiluna.

Blackham Resources have found even more gold in the historic Wiluna gold field and are now firming up plans for two large scale open pits to feed their newly recommissioned mill. The Perth-based gold producer revealed the open pit expansion plans this week after announcing yet more exceptional drill hits from last year's major drill program.

Mining and civil contractor MACA has diversified through the purchase of a 60 per cent stake in Maddington-based Interquip for $8 million.

Blackham Resources have discovered another $1.4b worth of in-ground gold at the Matilda Gold Project in Wiluna since June. Whilst no where near all of this amount will drop to the bottom line, it's still a staggering statement to make about a company that is still only capped at around $150m. The project has jumped from 5.1m ounces to 6m ounces in six months.

Another round of great assay results has Blackham Resources thinking about digging a 1.9km-long super pit at Wiluna to carve out the riches left by previous explorers. Latest drilling by the new gold producer has found extensive mineralisation beyond the existing mine plan that could be accessed by a northern superpit and deeper digging at the existing East and West pits.

Blackham Resources have turned the gold price slump to their advantage by snapping up ounces at low spot prices and turning a quick $6.3m profit on their hedge book. The cash boost follows a string of good news at the recent AGM, where shareholders were told the Matilda mine would produce 25,000 ounces in the March 17 quarter and expansion studies were moving ahead.

Sydney-based Resources & Energy Group will buy Kidman Resources' Burbanks gold mine near Coolgardie in a $4.5 million deal announced today, its second Western Australian gold project buy so far this year.

SPECIAL REPORT: Gold Road Resources could be the next gold junior to make it into the mid tier after its recent moves on the Gruyere project.

Blackham Resources' plans to double their Matilda Gold production have been boosted by solid new drill results that pave the way for another resource upgrade. The latest round of drilling found the mineralisation at Wiluna is more extensive than previously thought and amenable to open cut mining in some areas, providing a major boost for the economics of a proposed expansion.

Blackham Resources' extraordinary run of exploration success has continued, with the latest round of drilling revealing significant extensions of mineralisation at the Matilda mine near Wiluna. Another resource upgrade seems likely, just four months after a previous upgrade with the company looking to quickly convert any new resources into valuable reserves.

There is something quite special about turning an idea into reality AND making some money out of it – and its even sweeter when you manage to defy your critics in the process. Blackham Resources have certainly defied their critics by achieving their first gold pour this week at the Matilda project.

Blackham Resources has achieved first production at its Matilda gold mine near Wiluna four months after receiving final approvals.

Blackham Resources this week joined the select ranks of Australian gold miners with the commencement of production at their Matilda gold project in Wiluna. With 860 sq km's of tenements to explore and a stellar record of working out where the gold is hiding, it is safe to assume that Blackham's Matilda Gold resource wont sit at 5.1m ounces for long.

Blackham Resources has provided some certainty for investors by locking in forward gold sales at near record prices for part of its production from the 100,000+ oz-per annum Matilda gold project. More than 1/3rd of gold sales over the next 18 months are locked away providing Blackham with a solid foundation to launch big expansion plans.

SPECIAL REPORT: A record high Australian dollar price in June has provided a tailwind for the state's gold sector, and 2017 is looking to be a similarly positive year.

Talk is cheap in the exploration business and whilst most explorers talk about the day they will leap into production, the reality is that day more often than not, never arrives. Not so for Blackham Resources who had an unmistakable vision and strategy for the Matilda Gold project in Wiluna that was executed flawlessly at every turn right up until wet commissioning this week.

Perth-based contractor MACA is focusing on securing more work in the gold sector after reporting a slump in full-year profit.

Blackham Resources has completed a $25 million capital raising ahead of achieving first production at its Matilda gold project near Wiluna.

There seems to be no end in sight to the run on Blackham Resources' share price that started in September last year at 15c and touched $1.15 today on the back of more, classic Blackham, super high grade drill hits at the Matilda Gold project – the project that just keeps on giving. Results out today include 6.0m @ 26.4 g/t gold, including 1.8 metres at a whopping 83.3 g/t, and 15.6 metres at 7.51 g/t.

Blackham Resources shares have surged again with news that the first gold pour at the 100,000+ ounce-a-year Matilda gold project in Wiluna W.A is just weeks away. The first gold bar at Matilda will mark the first major milestone in Blackham's remarkable revival of the largely mothballed project in Wiluna. Shares in Blackham surged 4.5c to $1.02 on the news.

Gold's rising stocks and role in the post-boom recovery will make this year's Diggers & Dealers the most promising for many years.

Blackham Resources managing director Bryan Dixon has flagged plans to boost production at the miner's Wiluna gold plant, as its shares lifted 10 per cent today.

With the gold price at record highs, Blackham Resources appear to have timed their transition from explorer to miner exquisitely. After a couple of years of excellent exploration success, the Bryan Dixon led Matilda Gold Project in Wiluna W.A is once again a mining operation. It is expected to churn out $300m in free cash over the next ten years and thats just the warm up period.

A fuel supply system at Rio Tinto's Cape Lambert port and work on a loading jetty at Ichthys's Darwin LNG facilities are among $140 million of contracts recently won by Monadelphous.

Blackham Resources took a bit of a punt at the Matilda Gold project recently which looks like it may pay off. The company drilled their deepest hole yet at the project and intersected gold mineralization at over 400m with the hole still open at depth. Deeper drilling results at the M1 pit of 2m @ 6.98 g/t from the 419m mark confirm the continuation of mineralization at depth.

Blackham Resources have identified a new source of high grade gold accessible from their existing underground infrastructure just 30m away at the Matilda Gold project in Wiluna. Latest results include 3.47 grams per tonne gold from 104m deep, 6m @ 8.99 g/t from 119m, 19m @ 6.71 g/t from 128m, 18m @ 4.88 g/t from 181m and 5m @ 10.8 g /t from the 134m mark.

Blackham Resources has awarded four contracts for its Matilda gold project, including a $115 million open-pit mining services contract given to MACA.

It seems that Blackham Resources can walk and chew gum at the same time. Even though the company is furiously preparing for the commencement of mining in 3 weeks at the Matilda Gold Project in Wiluna, they have still managed to add another 106 000 ounces of gold to their mining inventory since the delivery of their Definitive Feasibility Study just 4 months ago.

Perth-based gold stocks Blackham Resources and Red 5 are a step closer to commencing major new developments after completing feasibility studies and receiving final approvals.

Blackham Resources will make the leap from explorer to producer in September this year after the final approval to crank up the old Wiluna Gold plant was granted this week at the company's Matilda Gold project in W.A. The company says the mine will churn out $234m in free cash over the initial 7 year mine life and will produce 100 000 ounces per annum.

Blackham Resources have been furiously bolstering their gold resources at the Matilda Gold project in Wiluna on the eve of production which now looks imminent following the granting of a number of key approvals. In an extraordinarily good deal Blackham just paid $1.5m for a calcine tailings stockpile that has around $100m worth of gold in it - and Jorc compliant too.

With only months to go before leaping into production in Wiluna, Blackham Resources have moved to de-risk the start up phase of the project by forward selling 20 000 ounces of gold at AUD$1701 an ounce.The company has a “Put” option over another 20 000 ounces that will allow them to sell gold at AUD$1575 even if the spot price drops below that figure.

Blackham Resources have been working overtime to get their resource at the Matilda Gold project in Wiluna upgraded and ready for production expected to start as soon as next quarter – and they rarely miss when they put a drill hole down. Latest results are headlined by an 8.7 metre intersection grading 8.99 grams per tonne gold which included a 6m @ 11.95 g/t gold.

The gold sector has continued to be positive for investors and stockbrokers, with a $12.5 million capital raising announced today by West African Resources adding to more than $150 million worth of deals launched by Western Australian companies this year.

Market darling Blackham Resources has again produced a solid set of drill numbers at Wiluna in the same week that much heralded Geologist Bruce Kendall was appointed Chief Geologist. Mr Kendall added a million ounces to the Stockman VMS project, a million ounces to the Sunrise Dam Gold mine and was named Prospector of the Year by AMEC in 2012.

Blackham Resources midas touch has continued at its Wiluna Gold mine with a 1.5m drill intersection grading 47.8 grams per tonne gold or a whopping ounce and a half of gold per tonne. An exploration target at the Golden Age Offset of between 40k and 320k ounces at 6-10 g/t gold has also been struck.

ANALYSIS: It's not often that hyperbole merges with reality when it comes to resources, but WA's gold sector has just thrown conventional wisdom out the window.

Perth's importance as a national business centre may have faded during recent months, but it's a different matter in the inner suburb of West Perth, where several small mining companies have sprung back to life.

Blackham Resources will proceed with a $22.9 million refurbishment of the Wiluna gold plant at its Matilda project, with Interquip/Mintrex and Practon Engineering selected as key contractors today.