News Articles for Wiluna Mining Corporation

Blackham Resources haven't wasted any time in putting their recent $20m capital raise to good use with the key refurbishment contract at the old Wiluna Gold plant now approved for signing. Blackham's DFS predicts the project will bank $234m over 7 years which is not bad considering they only dished out around $6m to buy it and $32m to refurbish the plant.

Blackham Resources has added another 40 000 ounces of gold to its resource and another $20m to its bank account after a successful drilling campaign followed by an equally successful oversubscribed capital raise. The headline result from the campaign was 11.5m @ 5.08 grams per tonne gold which included a 7m intersection grading 7.01 grams per tonne gold.

Gold hopeful Blackham Resources has tapped investors for a $20.3 million capital raising to fund ongoing work at its Matilda project near Wiluna.

Blackham Resources have released their highly anticipated DFS, which shows the Matilda Gold Project in Wiluna reaping at least AUD$234m in free cashfow over its initial 7 year mine life. With only 239m shares on issue on a fully diluted basis and a current share price of less than 50c the maths on this project starts to look very interesting.

Blackham Resources hopes to begin producing at its Matilda gold project near Wiluna within six months, after a definitive feasibility study confirmed it will cost $32 million to bring the mine into production.

When your biggest problem is that you cant find a piece of un-mineralized ground to place your waste dump you know you're on a winner in the gold mining business. Such is the case at Blackham Resources Matilda Mine prospect in Wiluna. Canaccorde Genuity recently predicted the company would EBIT $41.6m in FY17 and a whopping $91.4m in Fy18 as they hurtle towards production.

With only months to go before Blackham Resources achieves its dream of firing up the old Wiluna Gold plant to treat a whole host of new discoveries, the company has again increased its in ground gold resource estimate at the Matilda Gold Project in Wiluna - this time by 10 000 ounces. Blackham's shares have doubled over the last few months as they continually update the size of their resource.

Determined not to repeat the sins of past owners of the Wiluna Gold plant in W.A, Blackham Resources are pulling out all stops to increase their free milling base load ore before they remove the mothballs from the plant around the middle of the year. The company recently announced they have added another 19 000 ounces, or $30m worth of gold to the Matilda Mine prospect.

The Blackham Resources train continues to gather steam as the company hurtles towards production in Wiluna, possibly as soon as the middle of this year. Blackham recently announced an upgrade to their existing resources at the Galaxy and Golden Age deposits at the Matilda Gold project with the addition of another 40 000 ounces of gold.

Avid market watchers will now start trying to value Blackham Resources in search of that elusive arbitrage as the company hurtles towards production in Wiluna next quarter. The company has firmed up its base load feed for the old Wiluna Gold plant after its latest round of drilling again failed to disappoint.

ASX Listed Blackham Resources are pulling out all stops in their bid to become the next WA gold explorer to make the leap into production. Recent drilling campaigns have confirmed that their Galaxy deposit is still going past the 100m mark and firmed up yet another prospect at the Matilda Gold project and with a 3500m drilling campaign to kick off next week, watch this space.

Blackham Resources dream of restarting the old Wiluna Gold Mine looks to be real as the company yesterday drew down on a $7m debt facility from Orion Mine Finance to prepare for production. Importantly, the old mothballed Wiluna Gold plant already has a 1.3Mtpa plant, a gas power station, borefields and a 350 person accommodation village all of which will no doubt put the project on the fast track to production.

Perth based Blackham Resources have beefed up their board as they rapidly approach production at the Matilda Gold project in Wiluna, Western Australia.

Perth based near term gold hopeful Blackham Resources has uncovered a new 2m gold oxide lode grading a spectacular 95 grams to the tonne gold which equates to a staggering 3 ounces of gold for every tonne of dirt mined.

Blackham Resources have again delivered a set of drill results at their Matilda Gold project in Wiluna that most junior mining companies would dine out on for a month.

The owner of the Matilda Gold project in Western Australia, Blackham Resources, looks set to be re-rated as it readies itself to make the leap from explorer to 98 000 ounce per year gold producer o

Richard Boffey has been appointed as general manager for Matilda Gold Project and Jeff Dawkins as the chief financial officer at Blackham Resources.

At the eleventh hour of finalization of a PFS into the Matilda Gold project in Wiluna, Blackham Resources has produced a plethora of high grade drill results that have the potential to positively i

Latest drilling results confirm super high grade nature of deposit in Wiluna

Fresh drilling confirms historical results at Wiluna.

Pre-feasibility drilling at Galaxy deposit now complete with production imminent.

Strategy to increase resource prior to recommissioning of Wiluna Gold plant on track.

Visible gold evident in core sample

New gold mining projects under way or in advanced planning will collectively deliver more than 1 million ounces to production each year when operational.

The past year has marked a period of major change at many of WA's gold producers in terms of personnel and pay.

Nickel explorer Rumble Resources says a recently completed drilling program at its Zanthus project in the Fraser Range has turned up nothing of value.

Blackham Resources has negotiated a $38.5 million funding package from a mining-focused investment firm to complete a feasibility and bring its Matilda gold project into production.

Everything old seems to be new again in the resources sector, with a number of old projects being rebirthed under new management.

Shares in Blackham Resources have plummeted after it announced it had received commitments for $3.15 million at 11.5 cents per share to fund exploration and development studies at its Matilda gold project.

Blackham Resources has appointed Paul Murphy as the company's new independent non-executive chairman, following the removal of Joseph Gutnick from the position last week.

Blackham Resources has received commitments for $2.2 million through a placement of 10.5 million shares at 21 cents to sophisticated and professional investors.

Perth-based Rumble Resources has signed an earn-in agreement with Blackham Resources for the acquisition of up to 75 per cent of the Zanthus project inside the Albany Fraser Tectonic Zone in the State's south west.

The value of mergers and acquisitions in the Western Australian gold sector over the past 12 months has reached close to $650 million, analysis by Business News has found.

Saracen Mineral Holdings has purchased the Thunderbox gold project from Norilsk Nickel for $23 million, in a deal which could double the company's production to up to 270,000 ounces per year.

SOUTH Africa's RMB Resources is not a new player in the Australian market, but it's the kind of financier that is likely to become more prominent as local companies seek alternative funding solutio

Blackham Resources has secured $9.15 million in finance facilities to progress exploration work at its Matilda gold project in the northern Goldfields.

Blackham Resources says it is currently evaluating a $15 million cash and royalties offer for its 70 per cent stake in the Scaddan coal project, near Esperance, while at the same time announcing th

Shares in Blackham Resources surged as much as 83 per cent today after it signed an agreement with Synfuels China Co for the joint development of a coal-to-liquid facility near Esperance.

Wesfarmers' coal division, Premier Coal, has bought a further 30 per cent interest in Blackham Resources' tenements that surround the existing Scadden Energy joint venture near Esperance.

Shares in Leederville-based Blackham Resources Ltd have jumped 46 per cent after a resource boost in the Scaddan coal-to-liquids joint venture with Wesfarmers Premier Coal Ltd that is projected to have mine life of over 45 years.